bellevue short sale: Avoid Getting Into A Jam With Second Mortgage On Bellevue Short Sales - 05/31/12 01:33 AM
Bellevue WA – We received a question from another agent on short sale negotiations. Here was their email.
"I am having a problem on a short sale and would like to know how to avoid it next time. The first mortgage gave me a price and a net they would allow.
The home sold for enough money to get them the price and their minimum net they said they had to have. We put together the closing statement with the first receiving what they wanted and the second mortgage receiving $9,600.
The second had asked for $15,000 and are saying that … (0 comments)

bellevue short sale: Realtors applaud bill to speed lender response - 04/28/11 06:35 AM
A new bill to improve the process for approving short sales may soon bring relief to distressed homeowners who are unable to keep their homes and hope to avoid foreclosure. The bill, introduced in the U.S. House recently and strongly supported by the National Association of Realtors, would impose a deadline of 45 days on lenders to respond to short sale requests.
The legislation, the "Prompt Decision for Qualification for Short Sale Act of 2011," was offered in Congress by U.S. Reps. Tom Rooney (R-Fla.) and Robert Andrews (D-N.J.).
"The current short sale process can be time-consuming and inefficient, click here for … (3 comments)

bellevue short sale: New Washington State Foreclosure law to help end loan mod run-around - 04/18/11 09:11 AM
New Washington State Foreclosure law to help end loan mod run-around  
By Connie Thompson
Loan modification programs are supposed to help you prevent foreclosure and for many, the programs have worked. But since they started in 2008, they've been the target of complaints about lender mistakes, negligence, and indifference.
"I think some of it truly is incompetence and being overwhelmed," said Seattle attorney Melissa Huelsman.
"But I think there's a lot of intentional incompetence. Certainly these modification programs have been inexistence now for three years. If they wanted to, they could have sufficient staffing and competent people on the other end … (2 comments)

bellevue short sale: The Making Home Affordable Program - 04/15/11 09:20 AM

The Making Home Affordable Program is one component of the Obama Administration’s comprehensive strategy to get the US housing market back on its feet. The Making Home Affordable Program puts some very strong options into the hands of American homeowners. The Home Affordable Refinance Program (HARP) assists with the refinancing of struggling mortgages, the Home Affordable Modification Program (HAMP) and the Second Lien Modification Program (2MP) will assist with modifying first and second mortgages/mortgage loans, and the Home Affordable Unemployment Program (UP) is available to provide unemployed borrowers with temporary assistance avoid foreclosure. For those already in foreclosure, … (0 comments)

bellevue short sale: Short Sale Vs Foreclosure – What are your options? - 04/07/11 08:03 AM
Short Sale Vs Foreclosure – What are your options?
In today’s economy, many homeowners are struggling to make their mortgage payments each month. Many are on the brink of foreclosure and are considering walking away from their homes, especially if they now owe more than the property is worth. Another option for struggling homeowners is the short sale, a method of selling the home for less than what is owed on it. Banks may agree to this if they decide taking a loss on the home sale is a better option than trying to press current homeowners, who may end … (1 comments)

bellevue short sale: Short Sale Q&A - 04/04/11 03:53 AM
Short Sale Q&A Short Sale Questions answered

I have composed of the most frequent question I am asked from homeowners who areconsidering a short sale. Here are the top five  Short Sale questions I am asked often.
Common Short Sale Questions

bellevue short sale: Bank of America, Wells Fargo and Chase negotiate mortgage deal - 03/31/11 06:13 AM
Bank of America, Wells Fargo and Chase negotiate mortgage deal Officials from Bank of America, Wells Fargo, JPMorgan Chase, Ally Financial and Citi are negotiating with state attorneys general in Washington, D.C., today on foreclosure practices. Clink link to read entire article


bellevue short sale: Accepting a Short Sale Over a Foreclosure Might Save Your Financial Future - 03/28/11 04:03 AM

Accepting a Short Sale Over a Foreclosure Might Save Your Financial Future Losing your home due to the inability to meet the monthly payment obligations is perhaps the worst financial situation you could ever find yourself facing. In fact, a foreclosure puts a huge blemish on your credit report, where improving it could take years. Moreover, a mortgage lender may file a legal case against you as part of the foreclosure action. All this would then hinder your ability to obtain any kind of credit, leaving you completely helpless.
Consider a Short Sale as a Better Credit Position
The … (0 comments)

Paul Nelson, Paul Nelson (Homes Northwest)

Paul Nelson

Paul Nelson

Bellevue, WA

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Homes Northwest

Address: 800 Bellevue Way NE, Suite 400, Bellevue, Washington, 98004

Office: (206) 261-7355

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