Corey W. Feldon - Thurston County & Pierce County, WA Real Estate

My Preferred Service Providers

2008-07-23T02:42:35Z

Have you ever had the need for a specific service, but didn't know where to turn? Did you have to resort to picking up the phone book, or doing a random search online? Well, look no further. I have gathered some of the finest & most reputable service providers, all within my Preferred Vendors Guide. To view & print your very own copy, just click any of the clickable links within this post.

All My Best,

Corey

Wasted Time, or Not?! (the conclusion)

2008-07-01T01:24:38Z

before you read this, if you haven't read the prequels, click here

I apologize to those of you that have been waiting for me to continue this story. To be truthful, I had to take a long break from the whole situation to get back on the right track. This whole chain of events threw me off completely. I'm back, and here's the rest of the story:

We left off with Randy questioning me about my sign in the yard of the home that he & his wife had just moved into, as tenants. His voice seemed weak, confused, and angry all at the same time. I could also tell that he didn't trust the person on the other end of the line, me. I took his phone number & told him that I would keep in touch with him to let him know what was happening. I felt really bad, as I had no answers for the questions he was asking me. Even if I knew the answers to these questions, I had no business telling him, one way or another. I don't know if that makes sense, but I'm a Realtor & not an attorney. Bottomline, these were some serious legal issues arising. Problem is, being that this was as new to me as it was to all of these people, I just did what I knew how to do best. I did what I could to help.

As soon as I hung up with Randy, my phone rang again. This time, it was a female on the other end. Another tenant. For this story, we'll call her Mrs. Buhner. Mrs. Buhner and her family had been living in their home for about 3 months. They lived in a part of Puyallup called South Hill. She said that the owner of the home, Edgar, had given her my number. It seems that he hadn't told her what was going on, only to call me. The first thing she asked me was why she should trust Edgar or myself. Again, I had no answers. I told her that I had seen the Deed, confirming that Edgar was the legal owner. I also told her that I am a licensed Realtor and have quite a bit to lose if I'm being deceptive. Regardless, she begins to tell me of all the issues she has had with the house & with Bad, LLC. It seems that the home she is renting is in a gated community, though they were never given a gate code. When the sales rep had shown them the home, they had to sit outside the gate and wait for another car to go through, so they could follow it in. GHETTO! So, for the past three months, her family has had to do the same thing. Sometimes, they would have to sit and wait for more than two hours. What's more, the dishwasher & the washing machine broke. When they called Bad, LLC to see about getting these repaired, this is what they were told: "Go ahead and replace the broken equipment, forward us the bill, and we will reimburse you." Riiight...

So, I took Mrs. Buhner's contact info and told her the same thing that I had told Randy. Then, Chris called me. Same story, different house. Then Mrs. Cora, but she had a different story, kind of. She actually lived in a home owned by Mr. Bad.

She had read a short blog post of mine asking if anybody had ever heard of Bad, LLC. Read it yourself, as you may wish to read some of the comments that some of the other victims have left.

So, she didn't know who to make her rent payment to. She also wanted me to tell her what the "heck" was going on. Once again, questions for which I had no answers. Now I officially had a "list" of people involved. Better start keeping track.

Eventually, I had four properties listed, with more coming. This may be my year, right???? Wrong, at least not because of this travesty. Regardless, I'm smack dab in the middle of a tidal wave. Over the next couple of weeks, I gather info, market properties, and learn everything I can about short sales, straw borrowers, and the ethics involved with these issues. At one point, my broker stopped me to ask me, "What are you, a private investigator?" "Huh?", was all I could respond with.

She had also informed me of some information she had learned at a class that day. Investment properties could not be sold as short sales. She also stated that the instructor had talked about a scenario very similar to the one I was dealing with. In fact, she actually thought that the instructor was talking about "my scenario". She wasn't. I asked for the phone # of the instructor, called her, and changed the direction I was moving immediately. We'll call the instructor Mrs. Piniella. Mrs. Piniella listened to my story and gave me one bit of advice. Disconnect my name from everything going on with these properties, and RUN! RUN! RUN!

I took her advice and RAN! RAN! RAN!

The only involvement I find myself in now is an occasional hit on my blog, usually another victim of Bad, LLC.

Oh, as far as ALL of the victims that I had already been speaking with: I called all of them immediately upon taking my name out of the middle and set up a one-time meeting at my office. At the meeting, which only two of the tenants found time to attend, I had some info on what to do next, who to contact to report all of this, and told them that this was my final act. I let them know that I am interested in the outcome, but can do them no good by keeping myself in the middle of it all. My hope was that they knew I did all I could and could do no more.

The End!

The Market Pulse of DuPont 6.16.08 to 6.22.08

2008-06-24T00:58:12Z

Here is the second edition of the Market Pulse of DuPont. The numbers displayed here represent what has happened over the past week. On last weeks report, there was a typo in the "total pending" column. Where the sum of all says '75', it should have actually read '25'. I apologize for that & will make every effort to always display accurate information. Enjoy!

Open Letter, To ALL of Our Armed Forces!

2008-06-23T01:17:34Z

This is an open letter, directed at all of our Men & Women in the Armed Forces. Well, except to the slackers, like I was. Let me get something out of the way. I will NEVER pretend to know what you are going through or what you've already been through. I am a Vet. But, not at all like you. My time was served during a time of peace. Yours is not. I wanna share a story with you.

I haven't had access to post since I left the Navy in 1999. So, I have't even gone to post in almost 10 years. Yesterday, I was heading to the shoppette on Ft. Lewis. A buddy of mine is an army wife. He rode with me, in my car that is stickerless. We were, obviously, turned away at the gate. But, before we could turn around, a couple of police cars came screaching through. The gate-keepers ran over and opened a special gate for them. Directly behind them were two Harleys. Behind the Harleys, 5 buses full of "You". Man, if I wasn't supposed to be there at that moment to witness all of you... I know where all of you just returned from, though I know nothing of the place. Seeing those buses made all of your sacrifices that much realer for me. Thank You for allowing me to share that moment with you, Thank You for your service, and Thank You Thank You Thank You!

Most Sincere,

Corey W. Feldon

DuPont City Wide Yard Sale, an Open House, & a BBQ!

2008-06-18T18:38:41Z

The MARKET PULSE of DuPont(first edition)

2008-06-17T02:20:56Z

As this is the first edition of The MARKET PULSE of DuPont, it will only get better. What I need is your feedback, your ideas, and basically what you would like to know. Afterall, I am interpreting the market for You.

Test Your IQ #2, and Zana Kanyaa

2008-06-12T02:33:24Z

Ok, Test Your IQ #1 stumped EVERYONE. I'll give ya a couple more days to ponder that one. In the meantime, here's another for your gourd:

What is the next logical number in this sequence?

3,7,10,11,12,?

Test Your IQ #1

2008-06-11T03:38:55Z

In an effort to provide some off topic matter to this blahhhhg, I will be filling the voids between market updates & listings with posts to include some IQ Testers(such as this one, as you'll see below), some of my personal photography & maybe favorites of others, some of my "poetry" written during the years when I suffered from Hypergraphia, and who knows what else. Enjoy it, comment on it, and pass it all on!

The first IQ Tester is:

This is my old telephone number. What does it remind you of?

(314)159-2654

Why Live in DuPont? Here's Why!

2008-06-03T00:35:05Z

Today, I walked around town & knocked on random doors. At the homes that people answered, I posed this question:

What is it about DuPont that you like, and that people contimplating moving to DuPont should know?

The answers where varied, but very similar. Here are a few:

"The convenience is unmatched, especially for military & prior military persons." -Skip

"The neighborhoods are so lovely! The convenience & proximity to everything is wonderful. We could use a grocery store though." -Mrs. Stone

"My favorite part of DuPont is the neighbors." -G. Smith

"The master planning of the entire community is so nice. I think that they did such a wonderful job with it." -Anonymous

"I really love the community closeness. Being mostly military, we all pretty much know eachother." -E.J.

"The cleanliness." -Sara

"I really like the planning of the entire town, in regards to the residential side & also the business areas." -Anonymous

"I love DuPont because there are LOTS of families with children & DuPont really is built for families to do things together." -Kristen

"It's just a great place." -Lee

"My favorite part of DuPont would be the schools for my children." -Phil

"It's safe." -Yuko

Neighborhood Watch Newsletter for May 2008

2008-05-21T15:13:32Z

Monday Morning Buy Sell Sheet, for May 5 - May 11

2008-05-13T16:52:13Z

Wasted Time, or not?!(part 3)

2008-05-13T02:57:25Z

in case anybody's listenin' out there, "i'm back."

if you've gotten this far, but haven't read Wasted time, or not?!(part1) or Wasted time, or not?!(part2),...

...click & come back. I'll wait.

humbdy dumbdy dumbdy doo.

la la la la la la la la la la la la

OK. Glad yer back. So, we put the properties on the market. I had two shiny new listings. Time to shift into "marketing mode". And I hit it hard. I spent the next day & a half doin what I do.

The afternoon of that second day was my next appt. with the next "investor". When he walked into my office, I saw that I already knew this guy. His name, for this story, was Edgar. I won't say how I know Edgar, but I do. His story was exactly the same as Ken Jr.'s, to the tee. I told him to gather all of his financial documentation & his contract with Bad, LLC. Would you believe that Bad, LLC never gave them a signed copy of their contract? Huh? If you hadn't noticed, I stopped counting the clues, awhile back.

"Get what you've got, and let's meet tomorrow to get your two properties, in two counties, with two..." (- you get the story -) "...on the market." That would be me that said that to him.

So, the properties are on the market. I'm goin' down my list of marketing activities. Yup, I just have a list on a napkin, that I keep in my back pocket, for when I get a listing. ((((Ring)))) ... ((((Ring)))). "Good Morning, this is Corey." "Hi, Corey. My name is Randy. I'm the tenant of the house that you just put your sign in front of. Is the property for sale?" Uhhhhhh. Hmmmm. I wanted to say something like, "Duhhh.", but refrained. Instead I had to think fast for something more intelligent. I am a professional, afterall. So, I told him, "Yes, the property is for sale." I then asked him to share, with me, his experience with Bad, LLC. This is where I began to get the "emotional" attachedness. >I realize that attachedness is not a word, but I like it< So, Randy begins to tell me that he is a soldier, and that he and his bride had just moved into their new home only a month ago. They are clueless as to what has been happening. Obviously. Here's this young couple, making the ultimate sacrifice for their country, paying their hard earned American dollar to a "Property Management Company" that has the nerve to look a soldier and his wife in the eyes while stealing from them. The last thing that they are worried about is actually happening. Let that marinate. I'll be back.

Monday Morning Buy Sell sheet... on Tuesday Morning!

2008-05-06T12:26:11Z

I have been bad a getting these posted each Monday morning. I promise to be more consistent, really! ****Have a Great Week @ call me if I can do ANYTHING for you!****

Keller Williams Olympia Offers Training Like NO OTHERS!

2008-05-06T03:36:11Z

Keller Williams Realty prides itself on the support that it offers to it's partners. When I refer to the term "partners", I mean the Realtors that hang their licenses at Keller Williams Realty. We are all partners, as we share in the decision making & also in the profits. What sets Keller Williams even further apart from the rest of the industry is it's desire to support even the agents who are not at Keller Williams. Yes, you heard me right! Do you see the training calendar, below? Just about all of the training on there is available to YOU! Most of it is FREE! After all, we're all in this together, right?! Call me if you have ANY questions.

DuPont, WA

2008-05-06T01:34:48Z

Corey W. Feldon | Keller Williams Realty | 360.970.5776

2268 Wallace Loop, Dupont, WA

Conveniently Located on a Low-Traffic Street!

4 Bdrm Single Family House

offered at $349,900

Year Built	2005
Sq Footage	2,619
Bedrooms	4
Bathrooms	2 full, 1 partial
Floors	2
Parking	2 Car garage
Lot Size	4,999 sqft
HOA/Maint	$32 per month

DESCRIPTION

Absolutely Beautiful! This home has what You are looking for. Upgrades, 4BR's, & a loft! A Magnificent open concept kitchen, with stainless steel appliances! Surround Sound Wiring, a Home Security System & Fire Sprinkler System! Located on a low traffic street, close to PowderWorks Park & the new Pioneer Middle School. Enjoy Summer in your fully fenced backyard, or in the field out front! Minutes to Ft. Lewis & numerous golf courses!

see additional photos below

PROPERTY FEATURES

Fireplace	Walk-in closet	Family room
Living room	Bonus/Rec room	Office/Den
Dining room	Dishwasher	Refrigerator
Stove/Oven	Microwave	Stainless steel appliances
Laundry area - inside	Balcony, Deck, or Patio	Yard

COMMUNITY FEATURES

Garage parking	Fitness center	Golf course
Playground

ADDITIONAL PHOTOS

Seller contact info:

Corey W. Feldon

Keller Williams Realty

360.970.5776

For sale by agent/broker

Equal Opportunity Housing

Posted: May 5, 2008, 9:29pm PDT

Thurston County Market Update(including DuPont) - May 2008

2008-05-05T11:20:30Z

If you have any questions about these numbers, please don't hesitate to ask me. Enjoy!

Wasted Time, or not?!(part 2)

2008-05-02T03:15:49Z

(before you read this, be sure that you have read the previous. Wasted Time, or not?!(part 1) )

...And, "Yes", if you thought this sounded a bit like F-R-A-U-D. Kind of obvious now. I believe we left off with Ken Jr. sitting at a table, in front of me.

He was lost. Or, at least it seemed that way. You know the look. The one you have after staring down the highbeams of a Mack Truck, a fraction of a second before impact. Ken Jr. wasn't exactly in a financial situation where he should be owning a home, let alone two. Two properties that happened to be sold to him, simultaneously, with, get this, two different lenders, in two different counties, at, would you believe it, two different T&E companies.

Here's a question for you: How did all of this not raise some eyebrows, SOMEWHERE along the way?

If you haven't figured it out yet, this is my first experience with a straw-borrower. For those who don't know, here's the break-down of what a straw-borrower/buyer is:

Straw Borrower Scheme

A straw borrower is an individual whose personal profile is used to serve as a cover for a transaction. Straws can be willing participants in the transaction or victims whose identity is being used unbeknownst to them (identity theft). Straw buyers can cause loans to be approved that would ordinarily be declined.

For example, the actual borrower may NOT:

Qualify for the mortgage
Intend to occupy the property as a primary residence
Be eligible for a loan program
Exist

Some of the following red flags may occur in straw borrower transactions:

•— A quit claim deed is used either right before, or soon after, loan closing

•— Investment property is represented as owner-occupied

•— Someone signed on the borrower's behalf

•— Names were added to the purchase contract

•— Sale involves a relative or related party

•— No sales agent is involved

•— There is an indication of default by the property seller

•— High FICO score

•— Power of attorney for borrower

•— Good assets, but gift used as down payment

•— Repository alerts on credit report

Now, remember, I didn't have all of this knowledge three weeks ago. Ken Jr. then informed me of the way the agreement with Bad, LLC was supposed to go down. First, Bad, LLC would find a property. I say "find", but they already had the property. They had bought a bunch of nearly fiished homes from a builder that was having issues selling the homes. In exhange for them coming in and offloading a substantial amount of the inventory, Bad, LLC would get a substantial discount. For example, on a $300k home, they would get it for about $220k. As explained to me, that difference of about $80k was to go into a trust acct. to help manage & maintain the property over the next two years. Bad, LLC would get tenants into the home, collect rents, and make the mortgage payments to the bank. Very hands-off for the "Investor".

Here's where the problem lies. In my opinion, it looks like that "savings acct." was set up in somebody's front left pocket. What's more, the Bank of Front Right Pocket was right next door. I guess, in order to keep one pocket from dispising the other, they decided to deposit those rent payments over on the other side. Did I mention that the tenants in these properties did their due diligene in checking the company out. Bad, LLC was, as matter of fact, a good standing member of the B.B.B. Which, in this case, stands for Bad Bad Business. Another point to be made, is that none of these tenants could afford to just give away first & last month deposits, pet deposits, and numerous months rents. I did get emotionally attached to this "situation", and I may stray at times. I apologize.

Back to Ken Jr., again: So, I said, "The first thing we must do is get the properties on the market." So, we set the listing appt for two days later.

If you're lucky, I won't make YOU wait two days to hear from me again. In the meantime, if you're interested in ways to help prevent some crazy stuff like this happening to you, or someone you know, direct yourself right here.

to be continued...

Wasted Time, or not?!(part 1)

2008-05-01T01:49:47Z

About three weeks ago, an aquaintance called me to say that he needed my help. We'll call that the first unrecognized clue. He said that he had some people that needed to sell some houses. Sweeet! That's what I do! The words 'Short' & 'Sale' followed shortly thereafter. No worries, had it actually worked out that way. Here's how things went down:

I asked him how many people he was talking about. He was uncertain of the number, but said maybe 4 or 5. "O.K., how many properties are we talking about", was my next question. "Nine, that I know of", was his reply. "Hmmm, sounds like I'm gonna be busy", was my thought.

I told him that the first thing I need is the addresses. Second, I needed him to set up the appointments. He gave me the addresses & we parted ways that day. A couple of days later, we would have the first meeting with the first client. We'll call him Ken Jr.

When I met with Ken Jr., he shared with me the story of how he ended up in my office. He had purchased two properties through an Investment Group that we'll call Bad, LLC. The story that Bad, LLC sold to Ken Jr. & the rest of the "Investors" will be revealed in awhile. The properties that Ken Jr. now owned had closed only 2 months prior to my meeting with him. That can be labeled as 'unrecognized clue #2'. Oh, and he just realized that Bad, LLC has emptied their office space & disconnected all of there business & personal phone lines. Hmmm.

to be continued...

Wasted Time, or not?!(part 2)

The Quality of Life in WA State needs YOU!

2008-05-01T01:13:18Z

Another day, another two hours in traffic. We seem to be planning our whole day around traffic. If only we could afford to live closer to work and good schools.

Washington's economy is growing faster than the rest of the nation. Our population is growing, but the supply of middle-income homes isn't. People have to drive further and further to find a good home. That means traffic jams, long commutes, sprawl that harms our environment and home prices rising 160 percent in some areas.

We need our lawmakers to make our Quality of Life a priority. They should help boost the supply of homes working families can afford and to make roads, schools, and thriving neighborhoods a priority.

To find out how you can help make this a priority for our lawmakers:

Log-on to www.ItsAPriority.com

(this exerpt was taken from www.ItsAPriority.com)

VA Maximum Loan Limits(as of April 2008)

2008-04-28T19:15:19Z

VA without a down payment: $417,000.

VA with required down payment: $1,000,000.

Entitled veterans may purchase an owner-occupied 1 to 4 unit property with zero down & obtain a VA Home Loan for up to $417,000.
Fully entitled veterans may purchase an owner-occupied 1 to 4 unit property with a down payment & obtain a VA Home Loan for up to $1,000,000. *The amount of the down payment required is 25% of the dollar amount over $417,000.
The maximum loan limits of $417,000. & $1,000,000. are with the VA Funding Fee included. The final purchase price of the home must be slightly lower than the maximum loan limit to allow for the addition of the VA Funding Fee. Two exceptions are: 1) if the veteran is disabled and fully exempt from the VA Funding Fee, or... 2) if the veteran is paying the VA Funding Fee in cash at closing(not financing it).

If you would like more information on VA Loans, or any other loan program, please feel free to contact myself @ 360.970.5776 or Lee Santos @ 253.678.9574. You may also reach Lee @ LeeSantos@CapitalMortgageOnline.com

Moving from Renter to Homeowner : A Guide to Buying Your First Home

2008-04-22T23:36:48Z

Whether you're considering purchasing your first home in the next few months or you've never given it two thoughts, you will find this presentation both interesting and valuable. Please Enjoy!

Some simple directions: Just below the presentation, you will see the Gabcast logo. Please click on the arrow to start the audio, place your cursor over the presentation and then just follow along.

Gabcast! CW Feldon Real Estate #4 - First Time Home Buyer Presentation

Has anybody heard of Humphrey Housing, LLC

2008-04-16T01:38:05Z

I'm curious if anybody out there has either heard of or dealt with an investment group that calls/called themselves Humphrey Housing, LLC. If you have, would you please share with me your thoughts & experiences. Thank You so kindly!

Corey

A Man & his Blog! HIGHLY RECOMMENDED!

2008-04-14T23:09:23Z

If you haven't already been introduced to this blog or, more importantly, this individual...
Meet the Man that is More Interested in Your Success than You are!

Roy, WA - Active

2008-03-26T03:23:38Z

Corey W. Feldon | Keller Williams Realty of Olympia | 360.970.5776

29710 39th Ave. S., Roy, WA

4000+s.f. Custom Home on 1.39 acres! The views are almost as spectacular as the home itself!

4 Bdrm Single Family House

offered at $599,900

Year Built 1997

Sq Footage 4,049

Bedrooms 4

Bathrooms 2 full, 2 partial

Floors 2

Parking 4+ Car garage

Lot Size 1.39 acres

HOA/Maint $0 per month

DESCRIPTION

Located within Lacamas Valley Ranches West, this 4049sf home is the pride of the neighborhood. Sitting on 1.39 Acres, the home features a vaulted ceiling in the greatroom, 9 ft. ceilings are standard throughout the house, an intercom system, surround sound, hardwood floors, tile countertops in upper kitchen & bathrooms, & the views of Mt. Rainier are undescribable. See Virtual Tour!

see additional photos below

PROPERTY FEATURES

Central A/C Central heat Fireplace

High/Vaulted ceiling Walk-in closet Hardwood floor

Tile floor Family room Living room

Office/Den Dining room Breakfast nook

Dishwasher Stove/Oven Microwave

Basement Laundry area - inside Balcony, Deck, or Patio

Yard

COMMUNITY FEATURES

Gated property

OTHER SPECIAL FEATURES

Lower Level is the perfect mother-in-law, with private entry, att. garage, kitchen, bathroom, etc.

ADDITIONAL PHOTOS

Seller contact info:

Corey W. Feldon

Keller Williams Realty of Olympia

360.970.5776

For sale by agent/broker

Equal Opportunity Housing

Posted: Mar 25, 2008, 11:04pm PDT

I Recommend---> Bruceski's Buffalo Wings & Pizza

2008-03-20T23:51:52Z

My family has lived in DuPont for 3 years now. Today was our first taste of Bruceski's Buffalo Wings & Pizza. It WON'T be our last. Possibly, not even this week. It was that good.
First of all, I have never received such friendly & pleasant customer service, in DuPont, as I did from each person working tonight. That was my exact thought as I walked out the door. It was almost like they genuinely appreciated that I was there.
Next, the food is easily the best in town, hands down! Just like the first paragraph on their webpage says, I wish that I had ordered more! That's really all I can say. I absolutely recommend trying it for yourself!
Thank You for a GREAT dinner, Bruceskis!