jillayne
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Hey Alan, I needed foreclosure stats for July for my class tomorrow and you were the first person I thought of. Thanks for running the numbers each month.
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"has revoked the license" Not quite. So far only a "statement of charges" has been filed against Paramount. I hear that they will be fighting the charges. When a final consent order is posted, I'll put something up at RCG. Meanwhile, the…
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I would go, but I'm teaching until 1PM that day. I still might end up stopping by on my way north just in case he's still there. He interviewed me several months ago and I found him to be very fun to talk with.
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Ha. Of course it's going to get much worse! But we've been saying this for many months now. Here's some street talk for you to back up my claim that it's going to CONTINUE to get worse ("it" being foreclosures) Realtors in my classes are repor…
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Hi buybuydandavis, There is no one repository for the statistics you seek. At best you can hope for is some subjective data from your real estate agent. I can offer some insight. I'm assuming that you're working with real estate agents. …
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Hi Seattle Moose, As part of the settlement agreement in the New York/Andrew Cuomo case, (recall: WaMu, and firstam's e-appraise-it collusion) as of January 1st, mortgage brokers/LOs will no longer be able to order appraisals. The appraisal must …
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Call any title insurance company that resides in the county where the property is located. Firstam King County: 206-728-0400. That's the only number I know by heart. Wait, here's another. CTI Snohomish: 425-258-3683. Better, here are some website…
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Hi all, Great class today, full house, lots of fun. The topic was, "How to become and REO agent." When I asked the question, "What's going on out there? Is it slow? Busy?" The entire room became extremely quiet and nobody said anything. I sh…
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Hi Civil Servant, The best I can do is offer my subjective man-on-the-street view. Realtors are telling me that it is very quiet out there. Medium to top level producers are not writing deals, listings are not selling and buyers are not buyin…
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Hi Mukoh, Yes and that's because Frontier was first in line many months ago to make Barclays pay up. Frontier still has exposure to other residential and commercial developers. Barclays actually went under on June 19th. I blogged about it her…
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I know I've posted this in other threads but when Barclays North went under, there was a big spread in the Everett Herald that named all the local lenders effected by Barclay's defaults: Frontier Bank, First Sound Bank, Banner Bank, Shoreline Bank, …
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Here's an article with more info: http://mrmortgage.ml-implode.com/2008/0 ... d-finally/
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Jon, this is absolutely hilarious: "Sellers are not organized, but the 6%ers certainly are. If anything, this is them trying to get their clients to take their properties off the market so the realtors can unload their investment properties first…
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Hi bubbly, In regards to the latest rescue plan, I like the provisions for national loan originator licensing and increased educational requirements along with a tougher competency exam. I don't like the rest of the bill. I do not believe t…
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The Everett Herald did a big spread on Barclays a couple of months ago. We should ponder which local bank is going to have to eat the losses on BN's construction loans. Here, the banks are all named in this article http://seattletimes.nwsourc…
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Looks like Mustafa "Marc" Khosraw got into trouble with DFI as far back as 2001 when he stopped paying his annual renewal fee. http://www.dfi.wa.gov/CS%20Orders/C-02-372-03-CO01.pdf But really, mortgage fraud doesn't happen here. This must…
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Hi Eastsider, Here are a couple of ideas for you. I teach a class through the Seattle King Co Assoc of Realtors called, "Foreclosure; Losing the American Dream" for real estate and mortgage continuing ed credit. We often have consumers attend th…
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To me, it looks like the pictures have been stretched to make the rooms look bigger. Is this really what 499K can buy in Bothell? Wow. I will be interested to see how low the price goes. I want to ask: What's your motivation? Do you have to s…
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If there's no equity, then the foreclosure rescue scam folks talk the homeowner into renting from them. They say something like, we'll take over the payments and you can rent from us. The scammers collect the rent and do not forward the money o…
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"Foreclosure percentages." We need to break down the word "foreclosure" into different catagories in order to come up with meaningful stats. Homes in Default = Homeowner has missed a payment or two but the lender has not yet filed a Notice of Tr…
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Little known fact: this information is available from the title insurance companies to the general public as well as to Realtors. Google title insurance and the name of your county to find local title insurance companies near you. Ask for their "…
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Well I have to say my kids love it. However, it's too full of sugar and parents are the ones making the weekly grocery decisions. Maybe they could diversify and do more with sugar-free sodas to try and take a bite out of the diet pepsi/diet coke ma…
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Hi David, I JUST posted this same link over on Alan's foreclosure update post. LOL. I saw this tonight and couldn't believe it. Well, I CAN believe it. This is very sad.
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Hi Alan, Did you see this CNN video clip? It's about people who are facing foreclosure burning down their houses, hoping to collect the insurance money. http://www.cnn.com/video/#/video/us/200 ... .homes.cnn
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Maybe Buffett will buy WaMu.
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At some point, this is going to pop out but I don't know why we aren't talking about some of the possible OTHER reasons why Boeing didn't get this contract. Boeing was involved in a major national ethics scandal in regards to securing government …
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Mid 20's, why would you want to commit yourself to such unnecessary stress? Bio clock, nesting urge, female competition, call it whatever you want. LOL. Also, maybe someone should start a company so that young youngsters could try on bein…
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Mariegold, I too purchased a home when I was in my mid 20s. Be wary of Realtors who want to steer you towards a "nice condo" because "you don't want to have to do yardwork, do you honey?" Be wary of mortgage people who want to steer you tow…
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Well THAT explains why there are no current bidders for the recent vintage RMBS. All the junk will eventually move to the hard money/private money sector. Eventually the lifeline will be cut for all the junk originated by brokers, as it should…
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Hi Sniglet, Was it easier or harder to get a mortgage in the '80s? Was it easier to get 100% financing or small LTVs (less than 10%, say)? I was very young then and as a young single woman in her 20s, I knew I could buy a home because I k…