jillayne
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Wells Fargo is the last place anyone should be doing business with. Regarding using a home equity line of credit to "pay off your mortgage early," yes these products are slowly coming back. For the most part, these products are for people who ar…
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Answering as if the property is located in WA State. If not, you need to carefully research your state's laws. Assuming the homeowner would be signing a warranty deed, transferring title to you, unfortunately the deed of trust signed by the owner…
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Oooo nice picture of the dead animal. Makes me want to buy Ted Nugent's house for sure. http://www.estately.com/listings/info/270-aoudad See 3rd pic. Hat tip Estately.
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I don't know whose listing this is. It's not a Cooper Jacobs listing but there are some funny pictures here. http://www.cooperjacobs.com/395636 Why take a pic highlighting the cracked driveway? What's the purpose of taking a pic of the top of a…
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okay, what are you looking to do?...Buy directly from the listing broker before the home goes on the general market?
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If you're not in financial distress, then hire a real estate attorney for an hour or so and have the attorney lay out all the possible legal consequences of the short sale v. foreclosure. If you have no financial distress event that's triggered t…
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Hi L....Here are some links to articles on buying bank owned homes: From Seattle real estate attorney Craig Blackmon: http://raincityguide.com/2010/06/10/ban ... our-peril/ This one was written by a NY attorney. I really like how he explains …
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"Also, what if I want to purchase a short-sale or foreclosure property with an all-cash transaction and the deed or title can't be produced?" Hi Lanny, There is no document called "title" that's exchanged when real property is sold v. personal…
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Hi merm, If I were moving to Bellingham, I'd definitely work with Rob LeRoy. Here's his website: http://www.therealestatenovelist.com/ I also know a real estate attorney up there, Tim Krell who I worked with for many years. Here you go: …
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You can also try your favorite title insurance company's customer service department. Ask them to run a "property history report" for you. There might be a charge but it will be nominal. A few bucks maybe.
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Hi, let us know what geographical area you're interested in, because that way we can recommend someone who knows your market area.
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Excellent. Thank you, Julie. DId you see this article on Housing Wire this morning about HAMP? I'm such a visual person. I like their graph. The stats are visually startling. http://www.housingwire.com/2010/03/24/t ... on-hamp-2/
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Julie what do you make of the big jump up in NTS and TD's in Sno co for January. Wow. http://2.bp.blogspot.com/_qOT_WZGcHPo/S ... Jan+10.png Love that graph. May I have permission to use it for tomorrow's class in Bothell?
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Hi brad, In WA State, the Notice of Default is not a public records event. The Notice of Trustee Sale IS a matter of public record and you should be able to do your searches based on this document.
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Yikes. Run the person's phone numbers and see if they correspond to a name. Check that name against the owner of record. Call the number and see who answers. Maybe it's a renter? Wow that would be pretty bold, though.
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Hi Dan C. I'm not a mortgage broker; I'm their teacher. 203K (or 203B) means FHA which means owner occupied ONLY. which means you're in title as you and no other entity, no transfering the ownership into an entity. FHA loans are for natural p…
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I must preface this comment by stating that I am not an attorney. Do not rely on me for legal advice. With that said, your question makes me wonder if there are any existing state laws regarding a required disclosure with any kind of environmenta…
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Do your due diligence. Walk the neighborhood at all different times of the day and night. Talk to the local people who live and work in the neighborhood. Google "belltown seattle crime" and take a look at all the data in just that one searc…
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Just a side note for Ira, but I'm sure he knows this...then for readers of Ira's last comment. Let's say the SECOND mortgage holder was foreclosing. They have the ability to do this if they're not getting paid. At the auction, whoever is the …
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Yeah. You could take a look at the list of all of the trustee sales that are scheduled to go to auction every Friday in your county. Realize many are postponed every week. It take a lot of work to figure out which ones are the "gems" to use Ray's…
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It's possible that the first mortgage balance was around 447K but the homeowner had a second or third lien behind the first. I have definitely seen this happen on the eastside with foreclosures. Second and third liens fall off title at the auc…
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I was in LA last summer. The polution was horrifying. I'd much rather live up here.
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Hi The_Tim, I know that ad and that company. He's been running an ad like that for years. The reason why is because the majority of people who get their real estate license sell a few homes and then leave the industry. They sell to friends and f…
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Awesome! I'm so excited. I must have a very boring life. I have a small stack that I've saved from the subprime days and I use those in class to teach new LOs what NOT to do.
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Hi downhiller, I'd love to take a look at that mailer. Would you mind faxing it to me? 425-673-1533 no cover sheet, Edmonds line. Advertising that someone's payment will go lower....while selling an ARM product sounds like possible predator…
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Hi downhiller, You mention that you recently purchased a home using your VA entitlement. Perhaps you went 100% LTV, zero down. Through the public records systems, loan mod firms as well as other legitimate lenders have the capacity to purchas…
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I saw both the CR blog post and the WSJ article, too. This can only mean one thing: Bank Failure Friday will soon make an appearance in Wa State!
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I have some new film footage from the trade show today. It was fun and there were way more attendees than I thought would show up. I'm going to guess probably close to 150. That's still way less than the headcounts during the glory days. The tr…
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Okay I will fire up the old video cam for tomorrow, then i wil hunt for the old footage!
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Oh my goodness. Look what two former Genie workers are doing: http://seattletimes.nwsource.com/html/l ... ts26m.html Better this than becoming loan mod sharks.