About S-Crow

"S-Crow" (Tim Kane) is co-owner (with spouse Lynlee, LPO-Designated escrow Officer) of Legacy Escrow Service, Inc., an authentic independent escrow firm closing residential purchase/sale and refinance transactions.

Financial Closing Strategy: Is there a better time of month to close on a refinance?

A word from The Tim: This post is from long-time Seattle Bubble participant Tim Kane (a.k.a. “S-Crow”). As co-owner of Legacy Escrow in Everett, Tim brings a unique perspective on the closing table. Timing Closing? One question that frequently comes up when meeting with clients to sign loan documents is the question of “timing.”   Is […]

Short Sales: What happens when the seller’s lender doesn’t provide a forgiveness letter for the deficiency?

A word from The Tim: This post is from long-time Seattle Bubble participant Tim Kane (a.k.a. “S-Crow”). With short sales becoming more common every month in the Seattle area, I think Tim has struck on an interesting topic that not many other people are talking about. We already know what a hassle short sales can […]

Fiduciary Standards in Lending and on Wall Street: Can it Work?

Question for discussion: In Washington State, can Loan Officers operate within the framework of a Fiduciary duty to their clients when the lending industry is structured with incentives that may be in conflict with the new standard? Jane Kim of the Wall Street Journal wrote an excellent article in this past weekend’s issue regarding Wall […]

HUD pushes for principal reduction up to 30%

(I didn’t want this story to get lost in the midst of all the headlines the past few days.) From the National Mortgage News headlines: “The Department of Housing and Urban Development is seeking expanded loss mitigation authority allowing the principal amount of an FHA-insured mortgage to be reduced by up to 30% to help […]

Today: Fed announces $750 Billion to purchase Freddie & Fannie MBS.

Opinion: Today the Fed announced a significant plan to purchase an additional $750 Billion in mortgage backed securities from agencies Freddie Mac and Fannie Mae. The proposal is hopeful in that it will stimulate the housing market and refinance business by producing exceptional mortgage rates lower than where they are today. Will this impact the […]

How-To: Challenge Your Property Taxes

It’s been tough to post here and at Rain City Guide because of work and family obligations, but here is some helpful information about petitioning to reduce your property taxes: In escrow, now is the time we start seeing some (not all) 2009 property tax assessments show up in title reports when working on transactions.   […]