Immaculate 4 bedroom, 2 1/2 bath home in gated Evergreen community of Puyallup, Washington
Homeowners in Foreclosure have another option. Look at the short sale to sell your home.If you have found yourself in desperate times and possibly upside down in your mortgage, your best option might be the short sale to sale your home. A short sale is when the lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagor. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender in full satisfaction of the debt. Extenuating circumstances influence whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market climate and the individual borrower's financial situation. A short sale typically is executed to prevent a home foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. For the home owner, the advantages include avoidance of having a foreclosure on their credit history. Additionally, a short sale is typically faster and less expensive than a foreclosure. In short, a short sale is nothing more than negotiating with lien holders a payoff for less than what they are owed, or rather a sale of a debt, generally on a piece of real estate, short of the full debt amount. Lenders have a department called a loss mitigation department which processes potential short sale transactions. Typically, lenders do not accept short sale offers or requests for short sales until a Notice of Default has been issued or recorded with the locality where the property is located. The Mortgage Forgiveness Debt Relief Act of 2007 When the lender decides to forgive all or a portion of your debt and accept less, the forgiven amount is considered as an income for the borrower and is liable to be taxed. However, after the signing of The Mortgage Forgiveness Debt Relief Act of 2007 by President Bush, amendments have been made to remove such tax liability and allow the borrower and lender to work freely together and find a common solution that is beneficial to both the parties. Cosmetic fixer in West Hill Kent. 2580 sq feet 4 bed, 2 1/2 bath. Great investment potential!This Kent, Washington 2580 sq foot home has a lot of value and is priced for investment. Priced at 205,000 this 2580 sq feet sits on a 8,280 sq foot lot with views of Kent. This home is a cosmetic fixer and does need work. It should take approx 40,000-50,000 to repair and/or remodel. This home comps out at 315,000-320,000 in a remodeled state. Here is info about the home and what the home will need.... Please call 253-315-5580 or toll-free 1-877-560-1313 Visit my website at http://www.mynwagent.com
Mortgage help - Foreclosure help - Save your home and/or equity! Washington - Seattle - King CountyWe want to give home owners facing foreclosure the opportunity to save their home. We have found that 99% of the families in foreclosure want to keep their home. They have no interest in selling their home and they certainly don't want the sheriff showing up with an eviction crew to kick them out. Most families in foreclosure can afford their home, but the lenders make it virtually impossible for them to catch up. After adding late fees and legal fees to their missed payments, home owners find themselves too far behind. Many of these families have plenty of equity that could have been used, but they don't know how to get a loan and they don't know who they can trust. That is where we come in to help. We work exclusively with some of the largest nationwide lenders in the country. We give our clients access to more mortgage providers than anyone else in the industry. Regardless of the borrower's credit, if they have the income to pay for the property and enough equity in the home, they may be able to get approved for a new home loan. We take pride in making sure our clients are in situations that are affordable to them, decreasing the risk of defaulting on the loan at a future time. For families that don't qualify for a refinance, there may be many other options to save their home from foreclosure: Lender Mitigation Payoff modification/Short Sale Private Lender Access There are many more options that you may still have available to save your home. Contact us now to discuss you options. 253-315-5580 or email jason@mynwagent.com Stop Foreclosure Now! Real help for home owners behind in their loan! Washington Puget Sound area.Stopping Foreclosure Now! Save your home and/or your credit. Here is some basic info about Foreclosures. Read this and then call us ASAP. We deal with homes in the entire Puget Sound area. 253-315-5580 Ways to Stop Foreclosures... Home owners who are facing foreclosure often dread dealing with the facts that got them to that place. If you think back to when you first bought that home, losing the home was probably the furthest thing from your mind. Few home owners actually plan to go into foreclosure. Reasons For Pending Foreclosure... Job loss / unexpected unemployment Here are some ways to avoid Foreclosure that I can help you with... The best way to avoid foreclosure is to prevent the filing of a Notice of Default. You must act quick to avoid this. Call us as soon as you are in trouble or know trouble may be coming. 1) Time to make up your payments. 2) Changing the terms of your loan or refinance into a lower payment loan. 3) Sell Your Home. 4) Consider a Short Sale. We can assist you in many ways and will make sure the situation benefits you to the fullest, but you need to call now. The longer you wait, the worse it will get. Call 253-315-5580 or email us jason@mynwagent.com or visit my website at www.mynwagent.com Questions from a new Real Estate agent in the Seattle, Washington area.I recently was questioned from a new Real Estate agent and thought she had some good questions that I answered......
1. What are the communication skills and personal qualities a person needs to be a successful Real Estate Agent? Answer- I believe communication is very important. You must be able to communicate and make sure your client understands everything about the transaction. Personal qualities are different for every client, but I think one needs to be enjoyable (because you will spend a lot of time with them), business smart (getting them the best deal), and a problem solver (problems always arise in Real Estate). Answer- It helps to very clear and concise. Too much confusion will not help the client. Answer- Most of my clients come from referrals, which are normally the most trustworthy. For clients I am meeting the first time, I must just thoroughly explain the buying process and slowly build trust with them. Over time, they will learn to trust me. Answer- Most people prefer both, but I believe the most important part is knowledge, because in the end, the client wants the best deal and just because you are attractive, does not mean you will benefit their financial move. Answer- Washington state requires continuing education for agents, which is one way. The others are to challenge yourself daily to learn and absorb as much info as possible. Having a successful mentor would be the fastest way to learn the industry. Answer- Real Estate and home life are hard to separate. I use a home office because you need to have access to all of your files all of the time. Most of my work is done at home and a good Real Estate agent is available at all times of the day! As mentioned, most of my business comes from referrals. I also do a lot of Internet advertising on websites such as Craig's List and blogging on sites like Active Rain. I don't think differentiating is the key. I believe sticking with it, thoroughly helping clients and being aggressive will get the job done.
Please let me know if you need any more help. Sincerely, Ardell DellaLoggia is building Brio Realty and the rest of us are rising because of it!
"Ardell DellaLoggia is demanding and always pushing." And those are good things! Ardell has helped Brio Realty become a very exciting place to be an agent. Where else could you get the assistance, respect, and help of the finest Broker in the Seattle-Bellevue area? Ardell is always requesting us agents to write blogs, attend seminars, and other things that will help us all in the long run. I feel she wants to make us all succeed and if she does not motivate you...then nobody can! Her current concern is our sour market condition or at least that is what other agents are calling it. I am seeing many opportunities right now and have been very busy. It takes some thinking outside of the box. There are so many opportunities to make money right now. Here are just a few options.... 1) Foreclosures and short sales. There are so many different angles to take on these properties, it would take another blog to write them all. 2) Lease-options. With the rise of foreclosures and people moving, lease options are a good alternative for many now. As an agent, you would receive a minimal commission now and a full commission later. (Something for the future.) 3) Low mortgage rates. With the low interest rates and Federal programs, you should be pushing anyone on the fence to take advantage now! 4) Refinances. One of my main focuses has been refinances lately. Of course, I am a Real Estate agent and a loan originator. I realize all of you may not be, but it may be worth looking into. If you are an agent with Brio Realty, you should have no trouble finding ways to prosper, with the so many good agents and people around us. Here are some of those great people....
Brio Realty. The Bellevue Washington Real Estate company that is above the rest!
Have a prosperous 2008!
Sample Hardship letter for a Countrywide short sale on a Bonney Lake WA home.Here is a sample Hardship letter. Feel free to use as a tool for creating a similar type of document..... (Date) RE: Hardship Letter - Short Sale for (property address) Loan # Dear Countrywide: We purchased our home at (Address) in (date) for the price of $(0). At the time, we were happily married and our jobs supported our home. Towards (date), we had gone through some major relationship challenges and the only option for us was to separate and we did that in (date). We are currently in the process of getting divorced. Unfortunately, with our separation, we could not afford this home anymore and had to vacate the home. We tried to sell this home for the amounts needed to cover our closing costs and loans that we owed to you, which was $(price). This produced no showings and was obviously way over the market price. I am now working with a real estate agent, who has advised us that this market has declined since we purchased the home. Our Real Estate agent, (Jason Schweiger), has advised us that the fair market value for our home is near $(price). Since listing at $(price), we have have seen two offers. One at $(price) and another at $(price). We have accepted the higher offer, contingent to your approval of a short sale. We really love this house, but we know that we cannot afford it. We are currently behind in our payments and have moved into separate, less expensive residences. We want to sell the home, avoid foreclosure and salvage our credit. We know that a foreclosure on our record will affect us for years to come. We would ask that you please assist us in avoiding this. Please review and accept the current offer from our Real Estate agent. My attorney has advised us to file bankruptcy, but we prefer to avoid further destruction of our credit. We just want to move on and start over. We deeply appreciate your help and understanding in this matter and we had no idea that we would get separated or that the Real Estate market would go down so much. If you have any questions, or need anything further from, please contact my agent or us personally. Sincerely, (name) (Sign)
Short sale home in Bonney Lake, Washington near Lake TappsThis home is being offered as a short sale. Best offer will be accepted.
Rates are low! Refinance or buy now. Seeing good deals in Kent, Auburn, Renton, Washington areas.Rate are down to 5.625, as of 12/04/2007, for a 30 year fixed conforming mortgage. What are you waiting for? These are the lowest rates I have seen in awhile. With the softness in the market and the low rate scenario, buyers should be looking to purchase now. If you already own a home and are not buying, you should at least refinance and lower your payment. Take advantage of the softness in mortgage rates today.
I am a Real Estate agent and mortgage broker for Kent, Auburn, Federal Way, Renton, Seattle, Bellevue, Washington area. Call for all Real Estate needs (253) 315-5580 or toll free 1 (877) 566-1313 or visit my site at www.mynwagent.com
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Jason Schweiger Kent, WA More about me… Brio Realty Office Phone: (253) 315-5580 Cell Phone: (253) 315-5580 Email Me
South King County Real Estate agent working hard for my clients in the Puget Sound region including Kent, Auburn, Maple Valley, Covington, and Renton.
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