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Archive for 'short-sales'
Did the recent market shift affect Hitler too?
This recently discovered (by me) video on YouTube hits a nerve when it comes to how many are affected by the current market dynamics around the country. I found this a bit funny, if not unnerving, considering how many people I’ve been talking to lately that are in short sale position. The discussions are because I’m not [...]
Posted: November 18th, 2008 under General Real Estate, bankruptcy, housing-crisis, short-sales.
Comments: 28
Short Sales - Another “Buyer Beware” Aspect
How does a seller price a short sale listing?
An email from Trulia pointing to a post titled Short Sale Saga, reminded me to write a post on the topic of how a buyer’s offer can be “used” to determine the list price of a short sale property. Back in December of 2007 when I wrote [...]
Posted: November 9th, 2008 under General Real Estate, short-sales.
Tags: buying a short sale, selling a short sale, short-sales
Comments: 35
Options for Homeowners Facing Foreclosure
This is Part Two of a series of articles on the foreclosure process.
This article does not constitute legal advice.
Foreclosure laws vary from state to state.
Homeowners in financial distress should always hire legal counsel. Call your local state bar association for a referral. Reduced or free legal aid may be available in some states. Ask for a [...]
Posted: October 25th, 2008 under FHA, General Real Estate, Legal Issues, Loan Modifications, Mortgage and Lending, Seller Information, Washington State Law, foreclosure, housing-crisis, mortgage-fraud, short-sales.
Tags: foreclosure options
Comments: 84
Is a “short sale” a bargain?
Actual info from recently closed short sales:
1) The owner bought it in September of 2005. They did so many cashout refinances since time of purchase, that I can’t see what the downpayment was at time of purchase. They tried to sell it for 30% more than they paid for it exactly two years after they bought it [...]
Posted: October 24th, 2008 under General Real Estate, short-sales.
Tags: foreclosure, short-sale
Comments: 70
Killer Views and Dog Poop - Short Sale
Given prices in the Seattle Area have not dropped to the extent of most of the Country, people wonder why there are some deep discount short sales here. Mostly those that have a deep discount are in worse shape than when the current owner purchased them.
Remodels gone bad…very, very bad. If you know the house [...]
Posted: August 18th, 2008 under Buyer Information, General Real Estate, short-sales.
Tags: short-sale, view property
Comments: 28
Why do banks take so long to approve a short sale?
This question comes up over and over again from Realtors, homeowners and homebuyers everywhere I go. A one sentence answer doesn’t exist for this question. If you truly want to know the answer to the question, “why” continue reading. This means you will have to take a step back from your particular emotional situation enough to [...]
Posted: August 4th, 2008 under foreclosure, housing-crisis, short-sales.
Tags: loss mitigation, short-sales
Comments: 72
Should You Buy a Short Sale Property?
The current market is making me feel older than dirt. Mostly because there are fewer and fewer agents around who have sold real estate in a previous bad market. I find myself explaining what is going to happen next, to many who have never been through a short sale from beginning to end. Even if [...]
Posted: December 13th, 2007 under General Real Estate, Purchase Information, Seller Information, short-sales.
Tags: buying a short sale, selling a short sale, short-sale
Comments: 168
