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
Median house prices in King County rose year-over-year in March for the first time in more than two years, according to statistics released Monday by the Northwest Multiple Listing Service. The median price of a single-family home that sold last month was $367,250, the broker-owned service said, up 0.9 percent from March 2009. The last [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Economy, Fannie Mae, Foreclosure, Foreclosures, Freddie Mac, Home Buyers, Home Sales, Home Sellers, Investing, Investor, King County, Mortgage Rates, Real Estate, Real estate owned, Real estate pricing, Seattle, 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 31, 2010 by rashadhart
Short sales are the hottest thing going in the distressed-property market, and the trend is expected to get even hotter in coming weeks, when the government starts handing out cash to encourage lenders to close these deals. “Banks have ramped up short sale approvals,” said Duane Legate of House Buyer Network, which connects short sellers [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Fannie Mae, Home Buyers, Home Sales, Home Sellers, Investing, Investor, King County, mortgage news, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, 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
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 »
Posted on March 8, 2010 by rashadhart
Will people who currently face foreclosure or short sales or who walk away from their underwater properties ever be able to get financing to buy another home down the road? Banks haven’t been very forthcoming on this issue. However, knowledgeable observers of the situation say that while it may take some time, the situation will [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Real Estate Investor, Seattle, Uncategorized | Tagged: WA REO, Seattle REO, Seattle Real Estate, WA Real Estate, Bank Owned/REO, Foreclosures, Home Sellers, Home Buyers, Mortgage, Bank Owned Property, Bank Repossessions, Foreclosure, Real Estate, Home Sales, Financial services, Business, Freddie Mac, Real estate owned, Investor, Seattle, Federal Reserve System, Mortgage-backed security, Mortgage Rates, Supply and demand, King County, Real estate pricing, mortgage news, U.S. Housing Market, seattle foreclosure | Leave a Comment »
Posted on March 7, 2010 by rashadhart
The possibility of solving the underwater mortgage problem by writing down principal has been deemed politically impossible by the Obama administration, but some government officials see write-downs as the best long-term solution. One of the most outspoken supporters of write-downs is Federal Deposit Insurance Chair Sheila Bair. This week, she called underwater mortgages a continuing [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Business, Economy, Fannie Mae, Federal Reserve System, Financial services, Home Sellers, Investing, Investor, King County, mortgage news, Mortgage Rates, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, Seattle, seattle foreclosure, Seattle Real Estate, Seattle REO, Supply and demand, U.S. Housing Market, WA Real Estate, WA REO | 1 Comment »
Posted on March 6, 2010 by rashadhart
After a two-year slide, home prices may be starting to inch up in big chunks of King County, February home-sale statistics suggest. The median price of a house that sold on the Eastside last month was $490,000, up 1 percent from February 2009, the Northwest Multiple Listing Service reported Thursday. While minuscule, it was that [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Foreclosure, Foreclosures, Freddie Mac, Home Buyers, Home Sales, Home Sellers, Investing, Investor, King County, Real Estate, Seattle Real Estate, Seattle REO, Supply and demand, U.S. Housing Market, WA Real Estate, WA REO | Leave a Comment »
