maple valley short sales: Short Sales are Selling! - 11/26/11 11:56 PM
Here in South East King County, there have been over 200 single family homes approved and closed as Short Sales. The average market time for these listings (market time being time from first being listed to accepting an offer, not the waiting period for the short sale approval) was 96 days.
I enjoy helping owners navigate the short sale process, and I don't mind one bit the extra hoops and huge time committment it takes to have a successful outcome. I also like to help buyers determine whether a particular short sale listing might work for them....asking the right questions and evaluating … (28 comments)
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maple valley short sales: Another Maple Valley Short Sale Closed! - 10/17/11 09:31 PM
Not all Short Sale Approvals are hard to get. In fact, this HAFA short sale approval came within 30 days of mutual acceptance between buyer and seller.
Sometimes the tough stuff isn't readily apparent...until it pops up when you least expect it. And in this case, that would be on the LAST day of closing, when Chase wasn't able approve the final HUD because they were missing a document in the file.(Which had been faxed and refaxed, and confirmed to have been received on multiple dates...but I digress)
The negotiator on the file was out sick, one person told me … (1 comments)
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maple valley short sales: This King County Short Sale is Ready to Close! - 02/08/11 09:03 PM
As happens with many short sale listings I work on, the first buyer ends up getting impatient and it is the 2nd in line who benefits from those intial efforts. Such will be the case with this acreage property in the Hobart area in rural Maple Valley.
The Seller has been formally accepted into the FHA Pre-forclosure program which means all that's needed to move forward is an offer. Offered at $187,500...this is a great opportunity for affordable acreage within the Tahoma School District.
This 3 Bedroom on 2.4 acres offers peach and quiet along with room to spread out. … (4 comments)
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maple valley short sales: Maple Valley Short Sale Market Update - 07/19/10 05:12 PM
Maple Valley area short sales (single family homes within the Tahoma School District boundaries) currently make up approximately 16% of Active Listing inventory. However short sales comprise approximately 41% of pending sales (homes under contract waiting lender approval or financing for the buyer).
So why the difference?
Partly it is due to the length of time a short sale takes to negotiate. These properties stay in escrow longer than a "regular sale" which is usually closed within 30-45 days. These regular sales flow into and out of the Pending pipeline while many short sales stay in place longer.
Another reason may very … (2 comments)
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maple valley short sales: Short Sale Activity in South King County - 07/07/10 08:16 PM
Like it or not, short sales aren't going away anytime soon. As more and more home owners realize the benefits of working with the bank on a short sale, rather than going through the foreclosure process, they will begin to seek out experienced agents who can help them navigate the process.
Below are several charts demonstrating Short Sale listing and sales activity by City; Auburn, Black Diamond, Covington, Federal Way, Kent, Maple Valley, Renton, Enumclaw and Ravensdale.
*Represents single family homes listed through NWMLS only and does not reflect private party sales.
… (2 comments)
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maple valley short sales: Well Color Me Happy-I got a "Smile" From a Negotiator! - 03/06/10 11:03 AM
Negotiating short sales can be an exhausting, frustrating, bang-your-head-against-the-wall experience, and in the past year, more the norm than the exception I've experienced while working out short sale listings in Maple Valley and South King County communities. Every now and then there is one that's easier than most, but is more often the process is a big ball of UGH!
The most frustrating part of the process is just getting through the maze of moronic red-tape to actually be able to speak with the Negotiator on the other side-that person who will be working with the investor on the loan … (4 comments)
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maple valley short sales: Short Sale Activity in Maple Valley, WA - 03/02/10 03:52 PM
A quick look at short sale activity in the greater Maple Valley, WA market. This graph represents Single Family properties only, listed through NWMLS which have been identified as sales which must be approved by underlying lien holder(s).
… (0 comments)
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maple valley short sales: Calling Maple Valley 1st Time Buyers-Just Listed Eastwood Forest Short Sale! - 11/11/09 08:44 PM
Many first time buyers dream of that traditional 2 story home on a dead-end/cul-de-sac street where the lots are larger than a postage stamp and there's a little architectural variety to the neighborhood. Today my team and I listed this very cute 3 BR home in Maple Valley's Eastwood Forest neighborhood.
Built by Polygon homes in 1993, it features a Formal Living and Dining Room and spacious Family Room off the Kitchen/Nook area. The 2nd story boasts the Master suite with private bath and walk-in closet as well as 2 bedrooms served by a main hall full bath with Tile … (3 comments)
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maple valley short sales: Rambler Elk Run Golf Course-Just Listed - 11/07/09 07:31 PM
… (4 comments)
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maple valley short sales: Maple Valley Short Sale Myths - 09/24/09 09:32 PM
There has been so much written in the news, reported on TV and talked about around the cul-de-sac with respect to Short Sales and whether they are worth a Seller's time or effort. I don't know why, but for some reason everyone in the Universe seems to think they are an expert when it comes to dispensing real estate advice.
Here are a few myths I've heard recently:
If you're not behind in payments, the bank won't consider your short sale. Not true! While you'll likely have to demonstrate a hardship to your lender, you do not always have to be … (7 comments)
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maple valley short sales: What Maple Valley Owners Need to Know About Foreclosures - 02/21/09 11:31 AM
There are many misconceptions about home owners who are facing foreclosure, one of the biggest being the idea that the process is inevitable. There are steps you can take which may help you to avoid foreclosure altogether.
If you’ve fallen behind on payments, you’ll likely begin to receive calls and letters from your mortgage holder(s). Do not ignore them! It is imperative to contact your lender to begin a dialog with your bank. You will hopefully be able to find out whether and how they will work with you.
Educating yourself is the first step.
Here is a link to Washington … (1 comments)
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