tag:blogger.com,1999:blog-23452379712173937342024-03-13T15:59:41.294-07:00Puget Sound Real Estate BlogShare your opinions and News about Western Washington Real EstatePuget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.comBlogger41125tag:blogger.com,1999:blog-2345237971217393734.post-5498572625004761632009-12-10T08:03:00.000-08:002009-12-10T08:07:26.502-08:00Snohomish County Blog Obama's Failed Foreclosure Prevention PlanA growing list of experts calling for the Obama's administration to scrap its failed foreclosure-prevention plan in favor of one that would actually help troubled homeowners keep their homes.
The Congressional Oversight Panel that Warren heads issued a new report Wednesday, concluding that the government's $700 billion bailout program did in fact help stabilize the financial system -- but has Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-20750885941156985832009-12-01T09:35:00.000-08:002009-12-01T09:42:49.681-08:00Snohomish County, Real Estate Guidelines that should make it easier for some financially troubled borrowers to sell their homes…short sales
Snohomish County, WA.
The Obama administration laid out guidelines that should make it easier for some financially troubled borrowers to sell their homes.
Guidelines for Short Sales
The guidelines are designed to encourage the use of short sales, transactions in which the borrower with lender approval sells the home for less than what is owed on the loan. The program also makes it easierPuget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-43214698566104915252009-11-05T08:18:00.000-08:002009-11-05T08:25:42.794-08:00Marysville, WA. Home For Good, Now Accepting Applications for Housing
Homes for Good have five new affordable rental homes that will soon be available in Maryville. Homes for Good, is a non profit organization providing assistance for families with children who have lost their homes to foreclosure and are at risk of being homeless.
Income Eligibility and Rent:
These homes are restricted to families in Snohomish County at or below 50% of the areas Median Income.Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-11330881656387389462009-10-17T08:50:00.000-07:002009-10-17T08:57:37.784-07:00King, Pierce and Snohomish Counties, WA. Discounted New Construction Homes and Condos…Special Financing and Other Buyer Incentives Offered by Builder
By: Don Sieb
HomeSeeker Center has compiled a list of new construction homes and condos most not shown on MLS, where the builder’s and lender have teamed up to move standing inventory. These properties have been discounted to reflect current market values and the construction Lender is extending incentives to help their client get these properties sold.
Special Bank Financing Available…Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-37803764353641361872009-10-14T09:20:00.000-07:002009-10-14T09:28:37.016-07:00Snohomish County, HomeSeeker Center Announces New Service (4.0 Release) to Include its new Mortgage Resource CenterSnohomish County, HomeSeeker Center Announces New Service (4.0 Release) to Include its new Mortgage Resource Center
HomeSeeker Center
By: Don Sieb
HomeSeeker Center (HSC) announced a new service integrated into its latest release of its web portal. HomeSeeker Center is a unique real estate website in that it is content rich to assist both Buyers and Seller to learn more about local market Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-63628820683955886832009-09-12T10:52:00.000-07:002009-09-12T10:57:52.370-07:00Snohomish County, Wa Buying Foreclosures Part V of Series Writing up an OfferHomeSeeker Center
By: Don Sieb
Buying Foreclosure in Snohomish County...Writing up the Offer
Before the offer is made, make sure you contact the agent listing the property so you can ask some of the
following questions.
• Are you selling the property "As Is"? Is the bank willing to do any repairs?
• Have any inspections taken place for the property? If so, can you provide a copy ofPuget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-40945555699055908652009-09-12T09:22:00.000-07:002009-09-12T09:30:35.354-07:00FDIC Pushes Mortgage Help for JoblessFDIC Pushes Mortgage Help for Jobless
HomeSeeker Center
By: Don Sieb
Some unemployed homeowners at risk for foreclosure could get a temporary break on their mortgage payments under a plan being pushed by the FDIC. The Federal Deposit Insurance Corp. said on Friday it is encouraging certain banks to reduce mortgage payments for the unemployed or underemployed for at least six months.
Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-74641782196769814192009-09-06T09:54:00.000-07:002009-09-06T10:01:34.713-07:00Will FHA Problems Be the Next Shoe to Drop in Ongoing Real Estate Crisis
By: Don Sieb
HomeSeeker Center
Think we're out of the woods in the massive real estate meltdown of the last couple of years? The next big crisis might affect the Federal Housing Administration (FHA), which has grown massively to fill the gap left by the collapse of subprime mortgage lending.
The FHA is a big reason that home prices haven't fallen even further. The FHA's aggressive lending Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-59684564813361185752009-09-06T09:30:00.001-07:002009-09-06T09:30:59.391-07:00Snohomish County, WA Buying REO Properties Part Property Condition IV in SeriesSnohomish County, WA Buying REO Properties Part Property Condition IV in Series By: Don Sieb Part IV Buying REO Properties-What is the condition of the property? Be prepared to buy the property as is, or make a strong offer to get your repairs made. Banks will always push to sell the property "As Is" to avoid coming out of pocket with additional money. Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-33912119058283324542009-09-06T08:51:00.000-07:002009-09-06T08:58:22.747-07:00How to Use Self Directed IRA’s to Buy Real EstateHomeSkeer Center
By: Don Sieb
Little-known IRS rules allow retirement savers to take "non-recourse" loans against IRAs and leverage their savings as a down payment to buy investment real estate. IRA borrowers can get loans on a condo or townhouse, a single-family home, a multi-unit apartment building and even commercial property -- so long as the rental income will yield positive cash flow.
Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-217839479890158352009-09-06T07:36:00.000-07:002009-09-06T07:38:38.475-07:00Snohomish, WA Prevent Foreclosures-Helping Unemployed Pay Their Mortgage Widget Management Add a new Widget Hit Router Sidebar Image Frequent Contributors About Links Local Posts Categories ArchivesPuget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-51579001477646046692009-09-06T07:33:00.000-07:002009-09-06T07:35:34.268-07:00Snohomish County, WA. Unemployment Spike Compounds Foreclosure Crisis Widget Management Add a new Widget Hit Router Sidebar Image Frequent Contributors About Links Local Posts Categories ArchivesPuget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-71383994963658060102009-09-06T07:29:00.000-07:002009-09-06T07:30:58.934-07:00How do banks sell REO property in Snohomsih County? Part III in Series Widget Management Add a new Widget Hit Router Sidebar Image Frequent Contributors About Links Local Posts Categories ArchivesPuget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-34935101602883164542009-09-06T07:27:00.000-07:002009-09-06T07:29:11.952-07:00Everett, WA. Snohomish County Part II: Buying Bank Owned REO Properties Widget Management Add a new Widget Hit Router Sidebar Image Frequent Contributors About Links Local Posts Categories ArchivesPuget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-41587004818717179452009-09-06T07:21:00.000-07:002009-09-06T07:26:33.111-07:00Snohomish County, WA Buying Bank Owned Properties (REO) Foreclosures Part 1 of Series Widget Management Add a new Widget Hit Router Sidebar Image Frequent Contributors About Links Local Posts Categories ArchivesPuget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-59303708868442425112009-08-26T16:19:00.000-07:002009-08-26T16:21:01.245-07:00Everett, WA Real Estate Market Statistics for Condos-Townhomes and Single Family Homes Are Stabilizing-August 16, 2009By: Don Sieb Market statistics in Everett, WA show home values for Condos-Townhomes and Single Family Residences are stabilizing according to HomeSeeker Center, who follows these trends carefully. Real-Time Market Statistics Market Statistics Everett Condos-Townhomes Median List Price $192,950
Asking Price per Square Foot $176
Average Days on Market 173
Median Size (Sq. Ft.) 1,139
Total Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-45490034888739798212009-08-26T16:16:00.000-07:002009-08-26T16:18:52.920-07:00Snohomish County, WA. Unemployment Spike Compounds Foreclosure Crisis By Don Sieb Snohomish County unemployment reached 10.1% (June 2009) and is overtaking subprime mortgages as the main driver of foreclosures threatening to send even higher the number of borrowers who will lose their homes and making the foreclosure crisis far more complicated to unwind. If you think you are not effected by this think again! Nearly 45% of listed homes for sale in Snohomsih CountyPuget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-76864937378794064122009-08-26T16:13:00.000-07:002009-08-26T16:15:07.140-07:00Snohomish, WA. Market Statistics-Real Estate Prices StabilizingBy: Don Sieb HomeSeeker Center Snohomish, WA shows signs of Real estate prices stabilizing. This is good news for both Buyers and Sellers. Market Statistics City Overview Snohomish, WA. The market plateau is seen across home prices in all price ranges. The median single family homes this week is $449,950. A total of 659 homes have been on the market for an average of just under 9 months. Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-38264143478717389722009-08-26T16:11:00.001-07:002009-08-26T16:12:07.212-07:00Part I Knowing How to Buyer Froeclosures Do you want to know how to buy Bank Owned Properties (REO)? Part 1 in a series Everyone has seen the late night infomercials about how easy it is to buy real estate from the bank and make a quick buck. The reality is that it is not as easy as they make it sound. There is definitely buying opportunities available but you need to understand how this process works. Learn everything you can so you Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-81708393555267100302009-08-17T14:57:00.000-07:002009-08-17T15:04:10.132-07:008 REO Tips for Buying ForeclosuresHow to Write Offers to Buy REO Foreclosures
HomeSeekerCenter.com
Lots of savvy home buyers want to hit the jackpot and buy that REO foreclosed home, many of which are often under-priced. When banks price REOs under the comparable sales, multiple offers are often the response. This means you could be up against stiff competition for that bank-owned home.
It's not unusual for some REO homes Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-171720588815597422009-07-25T10:09:00.000-07:002009-07-25T10:15:41.796-07:00Helping the Unemployed Pay Their MortgagesAs more jobless fall into foreclosure, the Obama administration is looking at ways to help them save their homes. Homeowners in trouble are having mixed results applying for President Obama's foreclosure prevention plan.
As a growing number of jobless Americans default on their mortgages, the Obama administration is considering new ways to help them avoid foreclosure. Among the options being Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-12563656084671271452009-07-20T07:24:00.000-07:002009-07-20T07:32:21.507-07:00Emergency Mortgage Relief ActEmergency Mortgage Relief Act-Its Time to Reinstate 1975 Emergency Housing Act… Direct Government Aid to Borrowers
Seattle, Washington 7-19-2009
Washington State is in a severe recession and that the sharp downturn in economic activity has driven large numbers of workers into unemployment. It has reduced the incomes of many others as a result of these adverse economic conditions. The areas Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com1tag:blogger.com,1999:blog-2345237971217393734.post-884444694093313942009-07-13T08:30:00.000-07:002009-07-13T08:40:10.839-07:00Food for Thought, When Selling a Property that is Rented or LeasedWWW.HomeseekerCenter.com
You can sell a home any time to any one with the tenant in place, but you will not have the same pool of buyers that you would have with an empty home. The buyers will most likely be investors, much the same as a multifamily home buyer who is buying the property as an investment to collect rent. Most owner occupied buyers, need a place to live in. Consequently, Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-87502605844222880702009-07-02T15:01:00.000-07:002009-07-02T15:08:51.035-07:00Puyallup, Washington: Positive Signs of Market RecoveryPuyallup, Washington: Positive Signs of Market Recovery Despite the Credit Crunch
www.HomeSeekerCenter.com
Optimists are starting to emerge and with good cause, signs of a thaw foretell a much needed warming in the market that has been icy for nearly two years. Sales are up and supply of inventory is down.
According to May figures, 140 homes are under contract compared to 94 homes in May Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0tag:blogger.com,1999:blog-2345237971217393734.post-60951650724616127972009-07-02T09:47:00.000-07:002009-07-02T09:54:04.373-07:00Loan Mortgages owned or guaranteed by government agencies are considering increase underwater limit from 105% to 125% of the value of their homes…but<!--[if gte mso 9]> Normal 0 false false false MicrosoftInternetExplorer4 <![endif]--><!--[if gte mso 9]> <![endif]--><!--[if !mso]> st1\:*{behavior:url(#ieooui) } <![endif]--> <!-- /* Font Definitions */ @font-face {font-family:Tahoma; panose-1:2 11 6 4 3 5 4 4 2 4; mso-font-charset:0; mso-generic-font-family:swiss; mso-font-pitch:Puget Sound Bloghttp://www.blogger.com/profile/07453895224513592787noreply@blogger.com0