Posted on July 23, 2010 by rashadhart
In addition to educating yourself on the ins and outs of these complex deals, you also need a good picture of the legal risks that exist for you. 1. Misrepresenting tax consequences. Although it’s true that the federal government passed a law in 2007 directing the IRS not to count mortgage debt forgiven by a [...]
Filed under: Bank Owned/REO, Foreclosures, Mortgage, Real Estate Investor, Uncategorized | Tagged: WA REO, Seattle Real Estate, WA Real Estate, Bank Owned/REO, Real Estate Investor, Foreclosures, Economy, Home Sellers, Mortgage, Bank Repossessions, Foreclosure, Home Sales, Financial services, Business, Investor, Investing, Supply and demand, Mortgage loan, mortgage news, U.S. Housing Market, seattle foreclosure, reo | Leave a Comment »
Posted on July 22, 2010 by rashadhart
Mortgage fraud is pervasive: An estimated $4 billion to $6 billion in annual losses result from mortgage fraud, according to FBI reports. “An entire community can be damaged by mortgage fraud,” says Rachel Dollar, a lawyer from Santa Rosa, Calif., and editor of the Mortgage Fraud Blog. Mortgage fraud can lead to a spike in [...]
Filed under: Foreclosures, Mortgage, Uncategorized | Tagged: Bank Repossessions, Business, Economy, Foreclosure, Foreclosures, Home Buyers, Home Sales, Home Sellers, Investing, Investor, Mortgage, Mortgage loan, mortgage news, Seattle Real Estate, U.S. Housing Market, WA Real Estate | Leave a Comment »
Posted on April 29, 2010 by rashadhart
The jumbo mortgage market is taking small steps toward normalcy. In the first few months of 2010, Wells Fargo, Bank of America, and U.S. Bank have become more aggressive in originating jumbo mortgages, says A.W. Pickel, president of LeaderOne Financial, a mortgage lender in Overland Park, Kan. “If you underwrite carefully and cautiously, a jumbo [...]
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Posted on April 28, 2010 by rashadhart
Beginning in July, Fannie Mae will allow financially troubled home owners to complete a “deed in lieu of foreclosure” or a short sale and be eligible to apply for a new Fannie-backed mortgage in two years. Currently, borrowers who have completed a deed-in-lieu must wait four years to apply for a loan that Fannie will [...]
Filed under: Bank Owned/REO, Foreclosures, Mortgage, Real Estate Investor, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Economy, Fannie Mae, Financial services, Foreclosure, Foreclosures, Freddie Mac, Home Buyers, Home Sellers, Investing, Investor, Loan, Mortgage, Mortgage loan, mortgage news, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, reo, seattle foreclosure, Seattle Real Estate, Seattle REO, Supply and demand, U.S. Housing Market, United States, WA Real Estate, WA REO | Leave a Comment »
Posted on April 27, 2010 by rashadhart
Bank of America wants to give struggling mortgage customers collecting unemployment benefits up to nine months with no mortgage payment. That’s right. Zero payment. Customers would have to agree that, if they haven’t found a job within the nine months, they will sign over their house to the bank. The Charlotte bank would give them [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Mortgage, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Economy, Fannie Mae, Financial services, Foreclosure, Foreclosures, Freddie Mac, Home Buyers, Home Sales, Investing, Investor, Loan, Mortgage, Mortgage loan, mortgage news, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, Refinancing, reo, seattle foreclosure, Seattle Real Estate, Seattle REO, Supply and demand, U.S. Housing Market, United States, WA Real Estate, WA REO | Leave a Comment »
Posted on April 15, 2010 by rashadhart
Home sales around Washington state surged last month, with brokers reporting activity at levels “like we haven‟t seen in a while,” according to the owner of a Seattle brokerage. Northwest Multiple Listing Service members reported 8,605 pending sales during March for a 51 percent increase over the same month a year ago. Notably, while entry-level [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Mortgage, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Economy, Foreclosure, Foreclosures, Freddie Mac, Home Buyers, Home Sales, Investing, Investor, King County, Mortgage, mortgage news, Mortgage Rates, National Association of Realtors, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, Seattle, seattle foreclosure, Seattle Real Estate, Seattle REO, Supply and demand, Tax Credit, U.S. Housing Market, WA Real Estate, WA REO | Leave a Comment »
Posted on April 9, 2010 by rashadhart
The era of record-low mortgage rates is over. The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, more would-be homeowners are priced out of the market — a threat to the fragile recovery in the housing [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Mortgage, Real Estate Investor, Seattle, Uncategorized | Tagged: WA REO, Seattle REO, Seattle Real Estate, WA Real Estate, Bank Owned/REO, Real Estate Investor, Foreclosures, Economy, Home Sellers, Home Buyers, Mortgage, Bank Owned Property, Bank Repossessions, Foreclosure, Real Estate, Home Sales, Business, Fannie Mae, Real estate owned, Investor, Investing, Seattle, Mortgage-backed security, Mortgage Rates, Loan, King County, Real estate pricing, Tax Credit, Refinancing, mortgage news, United States Department of Commerce, U.S. Housing Market, seattle foreclosure, Case-Shiller index | Leave a Comment »
Posted on April 6, 2010 by rashadhart
Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Mortgage, Real Estate Investor, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Case-Shiller index, Economy, Fannie Mae, Foreclosure, Foreclosures, Home Buyers, Home Sales, Home Sellers, Investing, Investor, National Association of Realtors, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, Seattle Real Estate, Supply and demand, U.S. Housing Market, United States, WA Real Estate, WA REO | Leave a Comment »
Posted on March 28, 2010 by rashadhart
Housing experts argue that borrowers are more likely to walk away if their mortgages are underwater, meaning they owe more than the home is worth. Nearly 25% of borrowers are underwater, according to First American CoreLogic. Bank of America is launching the program to entice more borrowers to participate in its foreclosure prevention efforts and [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Mortgage, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Economy, Fannie Mae, Foreclosure, Foreclosures, Freddie Mac, Home Buyers, Home Sales, Home Sellers, Investing, Investor, King County, Loan, Mortgage, mortgage news, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, Refinancing, seattle foreclosure, Seattle Real Estate, Seattle REO, Supply and demand, U.S. Housing Market, WA Real Estate, WA REO | Leave a Comment »
Posted on March 28, 2010 by rashadhart
President Obama is announcing an expansion of foreclosure-prevent tactics, including a plan to reduce principal balances and special aid for unemployed borrowers. The bulk of the responsibility for carrying out the new program will be assigned to the Federal Housing Administration, which will insure lenders against part of the losses. The plan asks banks to [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Mortgage, Real Estate Investor, Seattle, Uncategorized | Tagged: WA REO, Seattle REO, Seattle Real Estate, WA Real Estate, Bank Owned/REO, Real Estate Investor, Foreclosures, Economy, Home Sellers, Home Buyers, Bank Owned Property, Bank Repossessions, Foreclosure, Real Estate, Home Sales, Financial services, Business, Freddie Mac, Fannie Mae, Investor, Investing, Seattle, Mortgage-backed security, Supply and demand, King County, Refinancing, mortgage news, U.S. Housing Market, reo | Leave a Comment »
