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mortgage: 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)

mortgage: Mortgage Applications Rise as Refinancing Demand Jumps. - 09/01/09 10:49 AM
Business News
Mortgage applications rise as refinancing demand jumps
08:47 AM EDT  8-26-09
By Julie Haviv
NEW YORK (Reuters) - U.S. mortgage applications rose for a second straight week, with demand for home refinancing loans rising to its highest level since early June, data from an industry group showed on Wednesday.
Applications for loans to buy a home, an early indicator of sales, rose slightly, but nevertheless gained for a fourth consecutive week. The trend bodes well for the hard-hit U.S. housing market, which has been showing signs of stabilization.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage … (0 comments)

 

Jen Hudson - Stanwood, Camano & Arlington,WA

Stanwood, WA

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