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  • It’s Official: New Conventional Guidelines for Ordering Appraisals (10)
    • Kary L. Krismer: I’d agree with that. On the bank issue I once saw a loan officer try to convince an elderly man that a HELOC was the better than a reverse...
    • Rhonda Porter: Kary, the phrase “mortgage brokers” is often wrongly used in the media…I believe in many cases, it should be replaced with “loan...
    • Kary L. Krismer: Yes, I’m aware of that. When Cuomo made the allegations I was surprised that it was WAMU he was going after, because it was always some mortgage...
    • 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...
  • Government Intervention in Foreclosure (42)
    • Kary L. Krismer: Jillayne emailed me the letter that was the result of that representation at the meeting. That’s what I was working off of.
    • 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...
  • 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-real-estate-market-conditions

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 [...]

Posted: September 18th, 2007 under Agent Advice, Buyer Information, Diversions, General Real Estate, Local information, Moving to Seattle, Seattle, Seller Information.
Tags: , , , , , , , , ,
Comments: 47

Seattle Real Estate Market Conditions

With all the news we’re reading through traditional media channels about the credit crunch, and the tandem reported optimism that Seattle is special and we’re not experiencing a downturn, I would like to open a thread where any person who is associated with the real estate industry in the greater Seattle area can post an update as [...]

Posted: August 23rd, 2007 under General Real Estate.
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Comments: 145