foreclosure: What is the cost of foreclosures to the lender and the community? - 04/22/08 10:45 PM
Spokane is paying a cost as the foreclosure rates increase!
Lenders and Foreclosure
Lenders and investors do not make money on foreclosures. Losses range from 20 cents to 60 cents on the dollar. Lenders typically lose $50,000 or more on one foreclosure. =Craig Focardi, CMB, Research Director, TowerGroup's consumer lending division, … (0 comments)
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foreclosure: The emotional toll on a homeowner facing foreclosure is overwhelming... - 04/22/08 10:28 PM
In Spokane we have an alarming amount of foreclosures entering the housing market. I have compiled some research highlighting the Financial and Emotional State of Homeowners Facing Foreclosure. If you are facing foreclosure...please call me. I would be honored to talk with you and help you find the resources you need most. I have access to credit … (0 comments)
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foreclosure: Foreclosure Forcast - 04/22/08 01:56 AM
Foreclosure Forcast For Spokane...
Back in the early 90's Spokane hit a time of slow market growth and increased forclosures. I think we are headed there again. If you are in trouble and need some professional advice, I'm here. Don't be fooled by greedy investors promising to "help" you out of your … (1 comments)
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foreclosure: Why character matters! Part II - 04/08/08 02:13 AM
There are many wonderful agents in Spokane that are very good people and care deeply about their clients and and each transaction being a win for everyone. These agents work very hard and make sure that everything goes smoothly. Dates are met and everything is disclosed and they are always a … (2 comments)
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foreclosure: Warning: Foreclosure Scams Ahead!!! - 04/08/08 01:46 AM
With 1-2 million foreclosures on the horizon, we local Spokane folks are probably going to see a lot of shady characters advertise on lamp posts, classified ads, pay-per-click advertising and spam e-mails with questionable promises to rescue people in a difficult situation. Signs are poping up on post all over Spokane's … (0 comments)
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foreclosure: Tips to save you money!!!!! - 03/31/08 02:01 PM
Hello everyone! Buying and Selling homes is $$$$$. This is the first of several blogs to help you save money in your life. Give me a "jingle" if you think of any other ones to add to the list :)
Automobile/Transportation
Wash and vacuum your car at home. Buy a used car. New … (1 comments)
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foreclosure: What to do when your home has been on the spokane market for more than 3 months?!? - 03/26/08 04:05 PM
So you've had your home on the market for over three months, you've seen that you're just one of several for sale signs in your neighborhood, your new home is due to close in several weeks, and you are really starting to get anxious. Can it all work out?You bet it … (0 comments)
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foreclosure: How do Pre-Qualification, Pre-Approval and Loan Commitment differ? - 03/21/08 01:05 AM
How do Pre-Qualification, Pre-Approval and Loan Commitment differ?
Any individual can be pre-qualified by a lender, by a Real Estate Agent, or by themselves. This simply means that someone has taken a quick look at your finances and plugged them into a debt-to-income ratio formula. This type of qualification gives a … (0 comments)
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foreclosure: Three Stages of Buying Foreclosures :) - 03/10/08 11:20 PM
3 Stages of Buying Foreclosures
The strategy of buying pre-foreclosures is to create a situation where everyone wins. This type of strategy involves just you, the homeowner, and in some cases the lender. Because the homeowner has been delinquent on his or her mortgage payments, they are now in a position to … (0 comments)
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foreclosure: Foreclosure Flow Chart - 03/10/08 11:18 PM
The following chart is a helpful comparison of the processes of Mortgage Judicial Foreclosure and Trust Deed Non-Judicial Foreclosure :)
… (2 comments)
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foreclosure: Simultaneous Closings, Double Closings, and Back-to-Back Closings - 03/03/08 12:29 PM
How to perform or structure a Simultaneous Closing - Double Closing - Back to Back Closing?
Each state has different laws or requirements when performing or structuring a simultaneous, double or back to back closing and they're always changing. What they could do 5 years ago, they may not be able to … (0 comments)
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foreclosure: What the heck are "hard money" lenders and what do they do? - 03/03/08 12:20 PM
The Truth about Hard Money Lenders
So many first time investors are curious about hard money lenders. Who are they? What is it? How do I get some? Is it beneficial? Let me share with you some of the basic principals about hard money lenders. First of all, lets determine what the … (0 comments)
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foreclosure: The 3 Stages of Buying Foreclosures - 03/03/08 12:17 PM
3 Stages of Buying Foreclosures
The strategy of buying pre-foreclosures is to create a situation where everyone wins. This type of strategy involves just you, the homeowner, and in some cases the lender. Because the homeowner has been delinquent on his or her mortgage payments, they are now in a position to … (0 comments)
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foreclosure: What is mortgage foreclosure and how is it different than a standard forclosure? - 02/29/08 12:29 AM
What is Mortgage Foreclosure?
Mortgage foreclosure simply means the deed can only be foreclosed through court action. Mortgage foreclosure is usually referred to as a judicial foreclosure.
A mortgage is a security document that allows the borrower to keep title of the property while using the property as security or collateral for … (0 comments)
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foreclosure: Short Sales for Dummies ...Yep, I'm in that catagory too ;) - 02/29/08 12:26 AM
How Short Sales work
Short Sales are one of the most effective techniques for discounting loans in real estate. Short sales create huge investment opportunities and are a must if you want to be competitive in this market. One of the most important steps in the short sales process is getting the … (0 comments)
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foreclosure: What the heck is a "short sale" and can I order a tall one? - 02/29/08 12:21 AM
What is a Short Sale?
A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. Instead of buying from a seller, you are purchasing the property directly from the lender for a discount. For example: A homeowner, who is facing foreclosure, … (1 comments)
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foreclosure: How to avoid Foreclosure Scams (There are some SCARY people out there) - 02/29/08 12:18 AM
What is Foreclosure?
Foreclosure is to shut out, to bar, to extinguish a mortgagor's right of redeeming a mortgaged estate. It is a termination of all rights of the homeowner covered by a mortgage. Foreclosure is a process in which the estate becomes the absolute property of the lending institution. Foreclosure numbers … (0 comments)
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