Here are the relevant links from today’s class.
Thanks to Marie Nunely from BECU for sponsoring our class!
Here’s a link to the Northwest Trustee Service website and a link to our special guest speaker, Vestus. Thanks again to Christopher Hall for going through the homes up for bid!
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.
The 2009 Federal Law “Protecting Tenants in Foreclosure Act” was referenced in class and here it is.
Here’s the Seattle Bubble article from July 2009 showing distressed inventory in the greater Puget Sound area. Tim Ellis promised to update this information and it will appear in a few days. If you’re on my email list, I will link to the new post.
Here’s the most recent chart and article on Pay Option ARM resets and recasts. Oh wow, this is a more updated graph than the one we saw in class.
I mentioned a news story that I read this morning about BOA stepping up foreclosures in 2011.
and we had questions for Sherri and Christopher at Vestus. I will email the questions and post the answers here.
“What amount is used to calculate buyer commission? Price paid at the auction or fair market value?”
“What is a step-up bid”
Thanks for coming to the foreclosure field trip!