bank owned home: Bellevue Short Sales: How To Tell If A Debt Collector Is Breaking The Law - 03/27/13 09:21 AM
Bellevue WA – I’ve heard of debt collectors contacting people’s family and relatives trying to reach them for “an important business matter.”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
When they tell the relative their business name, then it becomes obvious what is happening. They do this as an attempt to embarrass a debtor into paying them.
Here is what most debtors do not know. This is actually a violation of a Federal Law called The Fair Debt Collection Practices Act, provided the debt collector has your information already.
I have seen this happen … (0 comments)

bank owned home: How to Finance a Distressed Property or Foreclosure - 04/11/11 05:07 AM

Location, location, location…words many of us have heard from our parents growing up. This could not be more true when purchasing a new home. Location and potential in the home you are buying are very important. We have found that many home buyers today are finding a great location, but the house itself needs a little work.
With an increase of Foreclosures and or Short Sale or Bank Owned homes on the market today, buyers are finding that the seller’s or sometimes the bank who owns the home is not in a position or refuses to make necessary repairs … (1 comments)

bank owned home: It's a good idea to buy a foreclosure. Here's how - 04/07/11 11:44 AM

(MONEY Magazine) Shopping for a new home on Long Island after the birth of their daughter, Chris and Diane Moore fell in love with a 1920s Mediterranean-style home with a storied history.
Built by Columbia Pictures to house visiting stars like Charlie Chaplin, the five-bedroom home in Baldwin, N.Y., has a bell system for servants and a sweeping indoor balcony.
The home was sold as a short sale, in which a lender must agree to accept less than what's owed on a property. And as often happens with such deals, the buying process soon turned into a horror show: 
For complete … (0 comments)

bank owned home: Proposed settlement would force banks to allow short sales for delinquent homeowners - 03/30/11 02:43 PM
Proposed settlement would force banks to allow short sales for delinquent homeowners
Major banks may be forced to let severely delinquent homeowners sell their houses for less than the loan amounts owed as part of a broad settlement of federal and state investigations into botched foreclosure paperwork, according to government officials involved in the negotiations.
The requirement to allow so-called short sales would be in addition to forcing mortgage servicers to reduce the amount some homeowners owe on their loans, said two officials, who spoke on the condition of anonymity because negotiations are ongoing.
The goal of short sales would … (2 comments)

Paul Nelson, Paul Nelson (Homes Northwest)

Paul Nelson

Paul Nelson

Bellevue, WA

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