- Oops, something went wrong with today's weekly Twitter roundup post that was preventing comments. It should be fixed now. #
- via the PSBJ: Downtown's strange new real estate map (buildings currently under construction in downtown Seattle) http://is.gd/72Id6 #
- Seattle Times compares seasonally-adjusted Case-Shiller national data to non-SA Seattle data. Smooth. http://is.gd/75IYy #
- Mish takes on the alleged spending freeze and the insane concept of spending our way out of a credit bubble. http://is.gd/76k23 #
- Cities still experiencing double-digit YOY price declines: Miami, Detroit, Tampa, Phoenix, Las Vegas, and Seattle. Go Seattle! #
- RT @galenward: Cool map of the 100 most expensive homes in Seattle: http://tinyurl.com/ygc6zxc (via @Estately) #
- Interesting take on the 2009 wrap-up NWMLS press release from PSBJ: Dollar total of 2009 Puget Sound home sales drops 14% http://is.gd/77dCq #
- Troubled Everett-based Cascade Bank reports slim Q4 profit http://is.gd/77g86 #
- RT @jillayne: Heard a new phrase today: Shop, swap, & drop; buy a better home, qual w/both payments then walk away from the underwater home. #
- Hard at work on the Q4 issue of Sound Housing Quarterly, releasing tomorrow with some exciting changes. http://HousingQuarterly.com/ #
- Sound Housing Quarterly Q4 is now available. New lower price of $60 for a 1-year subscription. http://HousingQuarterly.com/ #
- It's amusing how different the tone of the comments are to this Get Rich Slowly post about renting vs. my 2007 original http://is.gd/79SCi #
- KUOW on the "Politics Of Foreclosure" with Glenn Crellin http://is.gd/7bjv7 #
- RT @jillayne: Seattle Federal Home Loan Bank sues Morgan Stanley, UBS, Barclays to recover 2 billion in bad mort. http://tinyurl.com/yg9tcff #
- Rapid increases in delinquencies at Freddie & Fannie show no signs of slowing http://is.gd/7fxfU http://is.gd/7fxhp #
- Why you should always talk to an experienced attorney before deciding to walk away from your mortgage: http://is.gd/7gH0r #
- Kudos 2 Cantwell for voting against reconfirmation of Dr. Bailout. No such praise for Patty Murray. Remember this in Nov. http://is.gd/7gHcm #
- WA Dept. of Financial Institutions wants to keep it a secret if your bank is in trouble. http://is.gd/7iF8T #
- Frontier Financial posted another $34 million loss in Q4. http://is.gd/7jk7c #
- Roundup of commentary on Q4 GDP via Mish: "Digging beneath the surface there is nothing to cheer about" http://is.gd/7jCrY #
- 2010 WA bank failure #3 American Marine Bank, Bainbridge Island http://is.gd/7kqrV #
- Troubled City Bank of Lynnwood reports $37 million Q4 loss. http://is.gd/7kBWB #
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Thank you for posting the story about people not getting legal advice before walking away. Personally I’d like to see the AG or a prosecutor go after some of the walk away firms for unauthorized practice of law.
RE: Kary L. Krismer @ 1 – Totally agreed. Have seen a few seconds out there get stuck onto these “lucky” short sales. Just like we have talked before. My friend was wanting to buy a home the other week and his agent said LA has agent remarks with: 3% on top of selling price for professional short sale negotiation. WTF either pay for an attorney yourself or just let it go.
I left my landlord a “soft” notice a few days ago about moving at the end of February. Today I got an email saying that she’s going to try to sell the house. It’s a duplex, she lives in the other half. I think I’ve been paying the bulk of her mortgage over the past 4.5 years. But at least I get to walk away with a 20-day formal notice. She bought in 2004, so she might still be above water. But, a couple years ago she mentioned that she did a refi and got stuck with a hidden $10K early payoff on her first mortgage. Dooh!
I’m moving down to Tacoma to attend UWT. I’ve been spending time down there and it’s amazing how many apartments are for rent. The first place I looked offered to drop the price. I may have a chance to live in a remodel project, helping the owner convert a larger older home into 5 studios. I might end up with a situation a little like The Tim’s.