Washington State Forclosure Law Update Washington Foreclosure Law Summary Quick Facts  -  Judicial Foreclosure Available: Yes  -  Non-Judicial Foreclosure Available: Yes  -  Primary Security Instruments: Deed of Trust, Mortgage  -  Timeline: Typically 120 days  -  Right of Redemption: Yes, but may be precluded.  -  Deficiency Judgments Allowed: Yes  In Washington, lenders may foreclose on deeds [...]

The real estate market is continuing to rebound!    The first time home buyer tax creditwas very successful, resulting in not only the extention of the expiration date but also the expansion of the program.  (CLICK HERE to read more about these programs.)     These programs enable more first time home buyer to purchase a home, as well as [...]

Realogy CEO Richard Smith appeared on Fox Business Network earlier this week to discuss the state of the housing market as well as the proposed legislation in Congress to expand the first-time homebuyer tax credit to all homebuyers.  (Realogy is the parent company of Coldwell Banker) The  First Time HOme Buyer Tax Credit expires on November 30, 2009.  Realogy [...]

  When people get together these days the conversation seems to always include Anacortes real estate. One subject that seems to come up often is short sales…but what is a short sale?  Simply stated, a short sale is when there are not enough proceeds to cover what a home seller owes on the mortgage for their home.  When this happens [...]

  This posting is by Mark Johnson: Anacortes Home Loan Specialist   I know this is a repeat but it is so important right now that those facing trouble making their mortgage payments know where to turn.  Keep this info on hand to share with friends, clients, and family who need help.   For a [...]

  Buyers are responding to discounted home prices and the effects of this are being felt all over the country.  We are seeing existing-home sales up in California, Nevada, and Florida the most, and these of course are the markets that were hit the hardest.  Investors are buying up bank foreclosures in bulk, often with [...]

The MBA (Mortgage Bankers Association released foreclosures rates through June 2008.  Once again the performance of Washington real estate is far above the national average. The national foreclosure rate was 2.75%, but Washington was 1.04%.  WASHINGTON STATE IS 62% BETTER THAN THE NATIONAL RATE! It might be more surprising to learn that the rates in [...]