A handful of non-number-based stories about foreclosures have popped up lately that I thought might be interesting to highlight here for discussion. First up, Diana Olick with CNBC: Vacant Homes Will Drown Housing Recovery A real estate source I knew recently told me about a guy he knows in Atlanta who has been hired by…
Tag: banks
Would demand exist for discounted stricter mortgages?
I received this interesting suggestion from a reader via email a while ago: As a reader, I’m curious what the last 5 years worth of foreclosure/loan modification programs have cost loan originators, and how much of that has been baked into interest rates as a cost of doing business (and/or would be without nearly-free money)….
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…
REO Buyers: Beware of Multiple Offer Sudden Death
If you’ve been out there trying to buy a home lately anywhere outside of central Seattle, Kirkland, Bellevue, and Redmond, chances are pretty high that you’ve encountered more than a few bank-owned (REO) homes in your search. Many of the best deals out there today can be found in REOs, especially if the buyer is…
Real Actual Listing Photos: Bank-Owned Edition
Speaking of poorly-marketed bank-owned listings… It’s time for another installment of Real Actual Listing Photos. Once a month (or so) I round up some of the most bizarre listing photos from around the Seattle area and post them here, with brief excerpts from the real actual listing description, and probably a bit of snarky commentary….