I am consistently asked “why I would list the house for short sale instead of just walking away?” Besides the financial benefits, the short sale process is the right, honorable choice instead of foreclosure. I am talking about when the home owner is just abandoning the property and not even considering the short sale. Why [...] Read more
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Fannie Mae HomePath Program is Attractive Financing Solution for Condos
Fannie Mae HomePath Financing The Fannie Mae HomePath program is an attraction solution for financing condos and townhouses. Many people are familiar with HomePath’s attractive features for all types of properties: down payments as low as 3% of the purchase price, seller contributions up to 3.5% of the purchase price, no mortgage insurance required. However, [...] Read more
Edmonds Washington Real Estate
Hey looking to purchase a home in the Pacific NW! Have heard the word there’s a new 100% financing program on the table and in some cases income isn’t a dis-qualifier. Its based on the income levels where you want to purchase you next property. All that’s needed is the address and if the income [...] Read more
Federal Government Considers Not Guarantying Jumbo Loans
Federal Government to Consider Not Guarantying Jumbo Loans A news item today in the Finance section of Yahoo, showed a news article in the New York Times reporting housing might take another blow as President Obama’s administration is considering stopping the guaranty of larger home loans. It quotes the “Obama administration’s position paper on reforming [...] Read more
Adjustable Rate Mortgages-Are they still a good choice?
Should you choose an Adjustable Rate Mortgage? In the recent past, many people were in deep trouble due to Adjustable Rate Mortgages on their homes. This was due to a couple of factors: first, they came due in short periods of time and had to be renewed; and secondly, their homes were devaluing quick enough [...] Read more
Why Are Homes Selling so Fast Right Now in Seattle?
The Seattle Real Estate market is, in my humble experience, sizzling right now. Last spring things were discernibly slower than usual, although there was definitely a spring rush. But this year quite often it’s an all-out sprint to be the first one to get an accepted offer in on that new home on the market [...] Read more
