mukoh
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Rents are moving up with some aggressive land lords who are capitalizing on the current situation. Some are smart enough to not raise rents on good tenants.
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The Tim wrote: mukoh wrote: A bedroom per resident is not a luxury, it is a basic need, that the majority of the people strive for and work for. My family of five seemed to get along just fine in a 3-bedroom, 1,288 square-foot home throug…
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deejayoh wrote: mukoh wrote: RCC When was the last time that people were living 10 to a 700 sq ft home? A bedroom per resident is not a luxury, it is a basic need, that the majority of the people strive for and work for. Do people "striv…
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Your commute appears to be in opposite direction of major traffic, so can't be that bad. Might want to look into Kenmore as well there have been some really drastic price drops there. Outlook wise its a guess but there is not as much new construc…
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rose-colored-coolaid wrote: mukoh wrote: this is one of the few markets driven by first of all emotions and desire for a basic need I don't really agree that housing in this country (at least what people think of when they say housing) …
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Civil Servant wrote: Mukoh, can typical buyers still get loans with 3.5 to 5% down? I had thought that one factor shielding Seattle for so long from a downturn is that compared to many MSAs buyers' typical down payment remained fairly high during…
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Well right now the only buyers that can buy are really 3.5% 5% minimum down, there is no bank that will give 100% loans or approve anything with 80/20. From big banks to small it is all across the board unless you have cash in your bank account to t…
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Lumber is about to get cheaper and cheaper.
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My opinion is it will all depend on an area. Outlying areas like Snoq Ridge, SE Renton, Kent, Auburn, Marysville, Arlington etc, will fall and not flatten until 2011-2012. Areas closer in to job core centers will stabilize whenever lenders, bank…
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If you are hiring an appraiser for your own purposes to figure out a value you can pay typically $300-$400 or so to have it done. If your goal is to do it for your loan on the property you are buying, every lender has their own appraisals and wil…
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Naa sniglet not yet. More like 1988 January 25th.
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Sniglet this is not a rule it is RARE, especially with Wells. And that mortgage was in January. Since January every lender has tightened up weekly on their guidelines. At this moment top lenders i.e. Chase, Wells, B of A, etc., are only going …
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Nice Rent LHR, basically it is market right now $1 to $1.25 per Sq Ft. Some areas are higher. Landlords that I am friends with one is a big commercial holder of 5000+ units, another is a small typical seattle holder of homes/townhomes/duplexes abou…
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Boeing reportedly has orders and is booked up until 2014.
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Google is opening up in Kirkland. Nothing bad about that.
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Loan mods are hard to track unless you are tracking a particular property or an area. What I see from lenders though is getting the mods into the territory of FHA/FNMA GSE guidelines, thinking that they will take these loans to them.
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david_mcmanus wrote: Alan wrote: Life insurance generally doesn't pay for suicide. It depends on the provider. Some, like mine, have a 2 year waiting period. David no providers pay for suicide. It doesn't matter what the wait per…
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Sniglet I see actually more and more modifications being recorded on the foreclosures and close to under whater properties that I am watching. Including builders with new standing inventory getting their loans modified to the point of 2% APR. Of …
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Who knows. I have seen short sales go 3-4 months before closing. My neighbor was in it for 4 months. It is always hard to guess what the banks real motivation is as they deal with it also from the perspective well we have 60 REOs if a portfolio b…
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You do not need to pay money. Pull up public records in the county associated with the property. Loan amounts are shown including the note whether it is an ARM or those values are shown in the documents as well.
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For King County, go to http://www.metrokc.gov/recorded documents/ and pull up their last deed/note to see actual amounts. Other counties have recorders offices online as well to get such information.
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Ira risk is in the eye of the beholder. I.E. depending on what the person buys for how much, and what they are able to get. If they are buying a $480k new construction in Renton. ROCK ON!!!!! Not a wise decision though. If they are buying a good…
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Volume on the retail is definately slow the amount of sellers pulling houses is a bit high too, the amount of distressed sellers is higher though. However REO bulk buyers are picking up large deals recently.
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Bothell is a good spot depending on your commute. Renton might make it easier if you are going to eastside for work.
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I would guess Columbia bank is holding a lot of Soundbuilt's 1800+ lots. Although KeyBank is big into that builder. Its a shame to see Barclays go though because Pat is really a hard working guy who came from the roots up and built a very diverse…
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jillayne wrote: 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…
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Innovative idea.
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Good tools are through MLS to track inventory by neighborhoods. Condos in some are at 11 months supply while single family non-condo homes are at 4.
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BECU is reportedly giving out really good deals right now, 5.75 fixed last week 30yr.
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All three of these L/Os are going to run your credit report in one day?