Here are some links that we will talk about in class today.
Here’s the 61 page WA StateForeclosure Resource and Prevention Guide.
Here’s a link to the Northwest Trustee Service website. One way to see how many homes are scheduled for auction on a given date, click on the “Properties for Auction, USA-Foreclosure” link from upper left hand corner of the Northwest Trustee website. After you select your county, click on the drop-down menu that says “Search by auction date.”
Here’s the nice PDF of the foreclosure timeline we reviewed in class.
Here’s a description of the movie The House of Sand and Fog.
Here are some recent statistics from Seattle Bubble on Notice of Trustee Sales, Trustee Deeds, and Warranty Deeds for the Tri-County area. By the way, Tim Ellis offers these stats in report format here.
Here’s a direct link to WA State Foreclosure Fairness Act.
Here’s the WA State Distressed Property Law.
Here’s the WA State Deed of Trust Act.
Here is a link to Vestus, our guest speaker at the auction
Here’s the most recent unofficial problem bank list.
and two recent news stories: The Rob McKenna suit against BOA and their trustee subsidiary and here’s that 60 Minutes episode on LPS (Lender Processing Services.)
There was a question about taking rent and not making a mortgage payment and is this a problem? Yes, it meets the definition of equity skimming. Read more here.
Yes, Bank of America is a member of the FDIC.
…and here’s the story from yesterday’s news about the ratings agency downgrade of the major US banks.