…is like saying there was no fraud that took place during the last few years in housing. No loan officers falsified loan documents There was no signature fraud No escrow/title agents producing phantom Settlement Statements No complicit real estate agents in the loop No complicit Notary Public signers No fraudulent appraisals No cash back post…
Category: News
News, current events, etc.
$100,000+ Price Cuts in Suburbs Around Seattle
Aubrey Cohen is on a roll lately, doing a great job of reporting what’s really going on with the Seattle-area real estate market, instead of just painting the rosy picture that agents and builders would like to see printed. Here is Cohen’s latest, on the drastic price-cutting measures that builders just outside Seattle are taking…
Propaganda, Debt Bites Back, Foreclosures, and More
Time to clear out my inbox. Following is a handful of short excerpts from things I’ve been emailed in the last few weeks. Enjoy. First up, a delightful “Home Economics Wall Chart” that is designed to “focus the consumer on the benefits of owning.” It’s Estate of Mind, Inc.’s Visual Guide to the Housing Market….
A remarkable period in time: a changed market.
I’ve got so many topics to talk about but very little time. I have to start somewhere. Just months ago it was not uncommon (understatement) to see 100% financed nothing down purchase transactions with various ARM’s tied to LIBOR or other indices coupled with hefty pre-payment penalties, interest-only hybrids with no escrow impounds for taxes…
Will Higher Government Loan Limits Boost Seattle’s Market?
I apologize for not making a more timely post on this subject, but it’s taken me a while to wrap my head around everything that’s really going on, and rather than spit out an uninformed piece full of quotes from equally uninformed newspaper reporters, I thought I’d do some actual research first. So here’s what…