wa: Mortgage Banker Report- Vancouver Wa. - 05/26/10 12:42 PM
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wa: Just registered for Virtual Real Estate BarCamp on April 6th, 2010. Hope to see you there! http://bit.ly/laxNP #vrebc - 04/02/10 04:28 PM
<p><strong>Educating Real Estate Agents On How To Use Modern Technologies To Better Their Business Will Never Be The Same!</strong></p><p>On April 6th, 2010 dozens of the most respected educators in the real estate industry converge to host most exciting event of its kind, the Virtual Real Estate BarCamp.</p><p>Virtual Real Estate BarCamp is a 1-Day Learning Extravaganza.<br />From 9am until 4pm PST, three concurrent webinar "rooms" will each host 7 different sessions, for a total of 28 different presentations.<br />There is something for everyone and everything for someone, and best of all, <strong>IT IS FREE and attendance is unlimited!</strong></p><p>Click below to:<br /><a href="http://virtualbarcamp.com/register/">Register.</a><br … (1 comments)
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wa: FHA removes 90 Flip Law- Good news for INvestors AND first time homebuyers - 01/16/10 02:03 PM
Finally we are seeing some positive news coming out in this difficult market. We have been seeing a steady decline in closed loans due to the all the restrictions and added guidelines implemented and now finally we are starting to see some improvements.
Today, the FHA has rescinded its 90 anti-flipping rule and will, for a period of 1 year, allow FHA buyers to obtain loans on properties that have been recently purchased by investors. I will cover the complete story tomorrow when I get home from the ski trip but this is great for investors as well as first time … (1 comments)
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wa: Saxson Mortgage contact new contact number and short sale changes - 09/08/09 03:11 PM
I just reviewed a short sale approval and wanted to note a few things from Saxon Mortgage aka Hillbridge Capital Group for those wading through the quick sand in Short Sales:
New Contact Number for Saxson: 866-241-1901
Purchase Price $210,000
$174,300 Net 83%
$8,000 to 2nd Lien holder (Note- NEVER increase this amount by allowing Realtor commissions or having seller come in with more money or be prepared to go back to the negotiation table at the 11th hour)
Q: How much they will penalize Real Estate Agents if a short … (0 comments)
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wa: First Friday in the COOV- oh, and the market - 08/07/09 01:00 PM
Hello and GOOD Friday to you,
The good news is we have some ROCKIN turn times- the bad news is rates are starting to sneak up on us as anticipated. I have never seen so much volatility. Rates under 6% are still good but it’s hard for me when I just had rates at 5.25 less then a week ago. The market will swing back and forth but now but I think what REALLY needs to be identified is the new TILA regulations and HVCC appraisal issues that will be killing deals as well as slowing down turn times and … (0 comments)
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wa: Vancouver, Washington is a great place to dine- we have no SWINE! - 04/27/09 09:11 PM
Hello Everyone,
Will I get Swine Flu if I eat bacon?
Hope your week is off to a great start…. The weather over the weekend must have added to the positive media flurry that it’s a great time to BUY REAL ESTATE ~ I noticed a flurry of transactions over the weekend or at least for those priced right…. I even heard a couple transactions with 3 separate offers that came in over the weekend!
This is great news for buyers that are taking advantage of the $8,000 tax credit as well as purchasing homes … (0 comments)
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wa: Here comes the inventory and there goes the values - 04/17/09 08:09 PM
Hello,
Rates are creeping up…..
But the real news for the day and to end the week is that I hope you are ready for another MAJOR dump of property the next couple m
onths!!! You all recall my last blog (5 lashings if you didn’t read it!) Where I spoke about the foreclosure moratorium being lifted… Be prepared and line the buyers up for the next flood of inventory and this time they know what they are doing when foreclosing, liquidating and moving property. Asset managers have already been given the green light to “SALE SALE SALE ” … (0 comments)
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wa: Can Realtors do a Loan Modification in Washington State? - 03/15/09 09:06 PM
Washington State now has a Draft for requirements to do a loan modification... I have cut & Pasted it below.
This again re-iterates the caution that is needed for those that are offering loan modifications. I have heard of a handful of Realtors offering loan modifications and are hired from an attorney as "subject matter experts" where they split the $4500 fee. The Attorney firm says that it's all OK and they are taken care of on the compliance side.... Chatting with a few attorney friends over the weekend on this topic they they laughed and asked "the Realtors DO have … (2 comments)
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wa: The Obama Stability Plan- Vancouver, Wa. training course - 02/25/09 02:23 AM
Homeowner Affordability and Stability Plan
Executive Summary
The deep contraction in the economy and in the housing market has created devastating consequences for homeowners and communities throughout the country.
Millions of responsible families who make their monthly payments and fulfill their obligations have seen their property values fall, and are now unable to refinance at lower mortgage rates. Millions of workers have lost their jobs or had their hours cut back, are now struggling to stay current on their mortgage payments – with nearly 6 million households facing possible foreclosure. Neighborhoods are struggling, as each foreclosed home reduces nearby property values … (1 comments)
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wa: Rates slide up- will they stay? - 12/29/08 07:42 PM
The bad news- Rates increased .50% Midday
Good News-
Our team was prepared and had everything within a 30 day close locked! We will see it come again in the next 2 months so make sure those looking to buy, refinance or just need some direction for a roadmap take the time to do this in advance. Rates were at 4.375% 13 days ago and lasted about 4 hours- Today they average 5.375%!
As expected the mortgage bond prices fell off their earlier highs in profit taking amid thin trading conditions this afternoon. MBS's (Mortgage Backed Securities) rallied nicely … (0 comments)
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wa: No appraisal required and Fannie the new Landlord? - 12/15/08 02:50 AM
BRRRRRRRRRRR!!!! It's going to be a cold one this week so make sure you bundle up! For those who are use to seeing my daily report this may come as a little surprise as I have not used an Acronym or an economic indicator as I am about ready to give up on logic! For those that have seen this for the first time I apologize if it comes as junk mail but I felt it was important enough to at least share with you.. if you are not interested in your neighborhood, community or future value of homes delete now.
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wa: Loan Modification Question - 11/12/08 08:16 PM
Hello Everyone,
I have spent the last year working on assisting my Realtors close deals pertaining to short sales and learning and collecting as much information about that topic from every source known by man in this arena. The results have been that many people did a short sale and a loan modification could have been the answer instead.
As a result of these findings I have just completed a very thorough compilation of interviews, facts, findings, secrets, ingredients, loopholes, and strategies to educate a home owner on their options.
This is a "turn key" loan mod kit that is more … (1 comments)
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