Category: foreclosure

Fantastic news!!! Fannie Mae and Freddie Mac are FINALLY going to shorten their short sale process review! 0

Fantastic news!!! Fannie Mae and Freddie Mac are FINALLY going to shorten their short sale process review!

More good news for distressed homeowners who may need to do a short sale can be found at this link. Timelines for those with mortgages held by Fannie and Freddie will get faster answers with a requirement of 30 to 60 days turnaround. If a short sale is countered by...

HAFA has some silver lining changes for underwater homeowners! 0

HAFA has some silver lining changes for underwater homeowners!

The following content comes from membership with the Certified Distressed Property Expert designation, run by Alex Charfen. It’s some really good news for homeowners who are struggling with house payments but who have kept current despite being heavily underwater in value, preventing a refinance. Major Changes Announced for HAFA Posted:...

Are distressed properties really going down in number in WA State? 0

Are distressed properties really going down in number in WA State?

I’m not sure I agree 100% with their assessment of WA State in this DS News article which says Washington State is going down in the number of foreclosure auctions. Just because lenders have slowed down their foreclosure auction rate here, doesn’t mean we don’t still have a backlog of...

Team Reba’s No Fluff level 1 home buying class in Seattle, January 21st 10am-12pm! 1

Team Reba’s No Fluff level 1 home buying class in Seattle, January 21st 10am-12pm!

Cancelled due to weather….No Fluff Savvy Home Buying – Level I January 21st, 2012 01/21/2012 10:00 am – 12:00 pm RE/MAX Metro Realty office at 2312 Eastlake Ave E, Seattle WA 98102 RSVP to Classes@TeamReba.com by 01/19/2011 If you’ve been wondering what the state of the real estate market is...

Team Reba REO Squad coming to local neighborhoods soon 0

Team Reba REO Squad coming to local neighborhoods soon

A new relationship we’ve built with a lender will have Team Reba hosting open houses for REO sales. These are bank owned homes, meaning that a foreclosure has been completed and the bank is selling the “real estate owned” asset on their balance sheet. We’ll be posting our open houses...

Team Reba adds Certified Distressed Property Expert designations to its ranks 0

Team Reba adds Certified Distressed Property Expert designations to its ranks

Earlier this week a couple of days were spent sitting on less than comfortable chairs in the local Renton Holiday Inn just off of Grady Way.  Why were we willing to spend numerous hours of butt-numbing time in a jam-packed meeting room?  For the benefit of getting the Certified Distressed...

People are asking if short sales are better than foreclosure or deed-in-lieu of foreclosure 0

People are asking if short sales are better than foreclosure or deed-in-lieu of foreclosure

A recent post on Zillow has many people commenting on this topic.  I did too but because Zillow limits you to 2000 characters or less, I’m going to flesh out my answer here on our site.  For those readers who don’t know yet, a short sale is a real estate...