12 Reasons Why That House Might Not Qualify for FHA Financing - 10/19/11 07:15 PM
In my practice, FHA loans are used for the majority of home purchases. At the moment, without a doubt, an FHA 203(b) is the most logical choice. Credit score qualifications start at about 580 (depending on the lending institution involved), interest rates are awesome, the minimum down payment requirement is only 3 1/2%, closing costs run right around 3-3 1/2% of the purchase price (although very often the seller is willing to assist with the Buyer's closing costs).
However, one thing to remember is that not only do YOU, the buyer, have to qualify for a mortgage loan, the home must … (8 comments)

Fix the Housing Market = Fix the Economy - 10/07/11 09:07 PM
I know ... I'm often considered naive in my "political" opinions. Probably rightly so most of the time. After all, I'm just a hard-workin' self-employed real estate broker out here in south King County, home of the working folks. Most of us around here go to work every day doing whatever it is that needs to be done and worrying about how to make our next house payment.
Like many folks, I've watched my house values erode drastically over the last couple of years. Perceptually, that fall in value seems to be speeding up .. or perhaps it's just that now … (4 comments)

Facing a Foreclosure or Short Sale of Your Home? - 10/06/11 01:06 PM
The Washington State attorney general's office recently released three videos that explain your rights and options should you be facing a foreclosure or short sale of your home.
As an active Realtor®, I frequently receive phone calls from people that are already behind on their payments, or feel as though they will soon be in trouble with their mortgage. Sometimes, the call is from someone that is trying to get out from under a home that has lost significant value and is now worth far less than what they owe. Each of these types of calls requires a knowledgeable response and … (3 comments)

 
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Gabrielle Nemes

Auburn, WA

More about me…

RE/MAX Select R.E.

Address: Office: 21629 Maple Valley Highway, Maple Valley, WA, 98038

Office Phone: (425) 432-4414

Cell Phone: (206) 300-8421

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This little blog contains my thoughts on the business of real estate, a place to showcase homes for my special clients (YOU!), and a wonderful place to hear your thoughts on ... well, whatever! Come join in, won't you?

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