declining home values: Don’t Believe This Myth About Bellevue Short Sales: Banks Don’t Like Short Sales And Prefer Foreclosure Instead - 03/15/13 03:55 AM
Bellevue WA – One of the Stop Foreclosure Institute members talked to a homeowner recently about a short sale. Her house was close to being foreclosed upon.
She had thought about short selling the house. But, she had heard from her friends that banks don’t really like short sales and never pursued the option.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The fact is that banks are better setup for foreclosures. It is only with the recent historic drop in home values that short sales have more common.
Banks always knew that a … (0 comments)

declining home values: Banks Are Approving Short Sales in Bellevue - 03/06/13 04:47 AM
 
Bellevue WA – The Stop Foreclosure Institute sometimes receives e-mails from people that short sales are impossible. Well, short sales are not impossible. They just take time. Here is an example.
The Stop Foreclosure Institute was attempting a short sale on a property. The bank turned down an offer for $220,000 on the house.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Today it looks like an offer for 185k will be approved. Why is that? The first offer was submitted 4 months ago.
The bank did an appraisal. The appraiser thought the … (0 comments)

declining home values: We are headed for a double-dip housing recession - 03/29/11 11:56 AM

The Seattle area and the country as a whole appear to be headed into a double-dip housing recession, according to a new report.
The price of a typical home in King, Pierce and Snohomish counties declined 2.4 percent in January from December and 6.7 percent from January 2010, Standard & Poor’s S&P/Case-Shiller Home Price Indices reported Tuesday.
That was greater than the declines of 1 percent from December and 3.1 percent from a year earlier across all 20 cities that S&P tracks. Only one area had a larger monthly drop (Minneapolis, down 3.4 percent), while seven had larger annual declines.
Seattle-area … (1 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

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