I recently finished an analysis of public records in Snohomish County in which I pulled up every single Trustee Deed (i.e. – bank foreclosure) issued by a particular bank over roughly the past year (June ’09 – May ’10). The bank in question is one of the top twenty largest banks in the country (ranked…
Tag: banks
Did Banks Act in Good Faith During the Bubble?
I admit that my statement yesterday that “ethics and morals should not even enter the conversation” was a bit of intentional editorial hyperbole intended to spur the discussion. Obviously it does make sense to have a conversation about the ethics of walking away, since that’s exactly what we did for 177 comments (so far). As…
WA Troubled Banks Update (Plus National Bank Bonus)
Let’s have an updated look at Washington State’s troubled banks. The following charts are based on data from the FDIC, the NCUA, and Calculated Risk’s latest Unofficial Problem Bank List (updated 03/19). There have been a few changes since our last update in February. Rainier Pacific Bank of Tacoma failed in late February, North Cascades…
How-To: Navigate and Understand Public Records
Yesterday a reader emailed me asking how to look up public foreclosure documents. Since it’s been over a year since I covered the topic of researching public records, I thought this would be a good time to review the process. In this post we’ll be discussing the process and providing links for King County. For…
Banks offering cash incentives for short sale sellers?
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…