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Category: News

News, current events, etc.

Is Theft from Bank-Owned Homes on the Rise?

Posted on February 22, 2010 by The Tim

Capitol Hill Seattle Blog brings us this sign of the times this morning: A soured development project to build a multi-million dollar home on 10th Ave E took an even worse turn when a real estate agent discovered earlier this month that the three-story residence had been stripped of “numerous items” including all appliances and…

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Weekly Twitter Digest (Link Roundup) for 2010-02-20

Posted on February 20, 2010February 20, 2010 by The Tim

via @BoingBoing: Broke-ass WA set to give MSFT $100M annual tax cut and amnesty for $1B in evasion http://is.gd/8qOi3 # A look at how gov. programs are distorting the housing market from @nytimes http://is.gd/8sOaW # via @SeattleTimes: San Juan Islands feel the chill of falling prices http://is.gd/8w86q # Building permits up in 2009 in Olympia…

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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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