Foreclosures, Mortgages & Boundary Line Adjustments.. oh my! - 10/25/09 11:10 AM
Foreclosures, Mortgages & Boundary Line Adjustments.. oh my!...Question:
Property owner owned two adjoining lots. Each lot was separately mortgaged. Owner completed a boundary line adjustment through the county, effecting an equal land trade between the two lots, but never notified either mortgage holder of the BLA. Subsequently, one mortgage holder foreclosed and took title to one of the lots. What was the effect of that foreclosure on the BLA?
Answer:
The BLA is still effective, meaning that it is still recorded and the county still acknowledges each parcel as having the property boundaries established by the BLA. However, the foreclosing lender … (1 comments)

How long does it take to buy a house today? - 10/11/09 01:53 PM
This summer brought two monumental changes to the lending industry. First, the HVCC eliminated a mortgage broker's or lender's ability to deal directly with an appraiser. Second, the Regulation Z was modified effective July 30, 2009.
So, what does this mean and why should you care?
For the HVCC rules, when your lender can't communicate directly with an appraiser, it drastically slows down the process. This new rule has made it virtually impossible for mortgage brokers or lenders to order the appraisal at the time necessitated by the circumstances of the transaction. In addition a mortgage professional is now going to get whatever appraiser is … (1 comments)

First-time home buyers face deadline. - 10/11/09 01:43 PM
 
Thursday, September 10, 2009, 11:19am PDT
First-time home buyers face deadline
Puget Sound Business Journal (Seattle) - by Jeff Clabaugh Washington, D.C. Business Journal
The government's first time homebuyer $8,000 tax credit has helped stimulate home sales, but buyers still hoping to take advantage of it will have to beat the clock.
The tax credit expires Nov. 30, giving buyers about 12 weeks to find, contract and settle on their purchase....
 "... first-time homebuyers starting today can close on time and quality for the $8,000 federal tax credit,"...
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Thought this was interesting & want to continue reading? The rest of this … (1 comments)

 

Jen Hudson - Stanwood, Camano & Arlington,WA

Stanwood, WA

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Windermere Real Estate/M2, LLC

Address: 95020 19th Ave, Everett, WA, 98208

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What you should know about real estate in Stanwood, Arlington & Camano Island, WA. And, maybe some other tips too.


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