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  • Government Intervention in Foreclosure (41)
    • Rhonda Porter: Kary, re. 37: I believe DOR has stated at a recent Escrow Assoc. meeting that excise tax is due on the loan amount when dealing with a short...
    • Rhonda Porter: I couldn’t agree with Gene’s comment more: “This is NOT a case where there was a natural disaster. This is mostly a case of a rampant...
    • Kary L. Krismer: I’ve been thinking about this excise tax thing further, from a theoretical point of view, rather than just looking at the language of statutes...
    • tj: I would like free healthcare for everyone, free college and state or government sponsored daycare and old age homes. Yes, I would be prepared to pay for it,...
  • It’s Official: New Conventional Guidelines for Ordering Appraisals (7)
    • Rhonda Porter: Kary, this was caused by Cuomo investigating WaMU for strong-arming appraisers to meet certain values and then blacklisting them if they did not. This...
    • Kary L. Krismer: What it’s designed to do is stop the practice of a mortgage broker calling up two appraisers, asking them for initial values prior to selecting...
    • Rhonda Porter: For the next few days or weeks (depending on who I working with as the ultimate lender) I can still select the appraiser whom I’ve worked with for...
    • Rhonda Porter: Leanne, I don’t think this was created to protect the lender at all. If anything, it’s to protect the appraiser from the lender. Although I...
  • Mother Nature Happens… (4)
    • Kary L. Krismer: Which again is another reason to have a clause providing for an automatic extension if the transaction doesn’t close due to a reason not the...
    • Rhonda Porter: Last night watching the news, it reminded me of the earthquake we had a few years back during a busy time in the market. It didn’t matter if...

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Tag: Seattle-Area-Real-Estate

Sunday Night Stats - Best and Worst

First, it’s been pretty obvious in the last 3 to 4 days that people are reacting to the interest rates being at 4.75% to 4.875% recently.  I can honestly say agents are not instigating this momentum, as all of the calls I have received have been directly from buyers that I’ve never spoken with before.  [...]

Taking on KING/KONG…

Yesterday I was interviewed by a KING-5 reporter, Kim Holcomb, and which I had written about on my blog at this post.  I had jokingly referred to taking on King Kong but only because the news segment was shown on KING-5 and KONG-6 last night.

The news story was about how the market here is changing just [...]

Transit on my mind…

So, we’ve all been inundated by WSDOT telling us to stay off the highways during the shut down on I-5 and today’s Seattle Times shows that they’ve done such a good job of convincing us about it that traffic has been better than the past 15 year’s time (my personal opinion on that timeline) because [...]

Seattle rents rising…. we’re in the top 10 nationally for increases

The anecdotal evidence is out there when we have relocating singles, couples and families contacting us for help in finding a short term rental to stay in as they come to the Emerald City for a new job, school, or otherwise. Some of these folks are also looking for a 1-year lease because they believe [...]

What’s Hot? What’s Not?

Michael Tenore’s comments in today’s article in the Seattle Times Titled “Local Home Sales Cool Off; why Are Prices Still Hot?” caught my attention this morning.
“Michael Tenore, Puget Sound-area director and broker for ZipRealty, cautioned that buyers can’t expect excess inventory, and thus a deal, everywhere…”It’s by pockets, by neighborhoods,” Tenore said. “When you’re working [...]