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Category: News

News, current events, etc.

King 5: Alki “The Bermuda Triangle of Real Estate”

Posted on February 18, 2010February 18, 2010 by The Tim

Just aired tonight on KING 5 News: Alki littered with for-sale and for-rent signs Excerpting from the online story text: Realtor Sandra VanderVen shows us a condo off Alki beach that has been on the market for a year and a half. “It almost seems like you could put a free sign out!” VanderVen jokes…

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Banks offering cash incentives for short sale sellers?

Posted on February 16, 2010February 16, 2010 by The Tim

Received this via email from an industry insider. It’s a letter from Wachovia Mortgage offering a $5,000 cash incentive to the a (presumably underwater) mortgage holder if they complete a short sale within 60 days. Click either image to enlarge. Quoting in part: These are challenging times and many people feel they are running out…

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Weekly Twitter Digest (Link Roundup) for 2010-02-13

Posted on February 13, 2010 by The Tim

Um, what? Something ain't right about this Marysville home for sale… http://is.gd/7SYIp (via @lovelylisting) # OMG BUY NOW OR BE PRICED OUT FOREVER!!! http://is.gd/7X5KJ "Snohomish County's bargain housing won't last" # via @SeattleTimes: City, Vulcan push higher South Lake Union height limits http://is.gd/7Xg1T # FDIC's sweetheart deal for IndyMac bank buyer OneWest Bank screws taxpayers…

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Olympia on the Economy: Liars, Fools, or Malefactors?

Posted on February 12, 2010 by The Tim

[Note: This is an opinion piece on a political matter. If that sort of thing offends you, it is recommended that you skip this post.] Christine Gregoire, January 2008: “The only thing we have to fear is fear itself,” Gregoire said, quoting former President Franklin Roosevelt and referring to national recession fears. “It is a…

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Housing ATM: We Have a Winner

Posted on February 8, 2010February 7, 2010 by The Tim

I was digging around in the Snohomish County public records and I came across this interesting property history. Original purchase price is unknown, but records indicate that the serial refinancer owned the property since at least 1976. Date Document Amount 03.01.2002 Deed of Trust $12,528 03.07.2002 Deed of Trust $82,787 06.21.2002 Deed of Trust $17,973…

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