To my students from Tuesday’s Short Sale Class at Windermere Issaquah, As promised, here is the follow up from the March 17th Short Sale class: The phone numbers for Fannie Mae and Freddie Mac ( to determine if a homeowner qualifies for a new refi or loan mod) Fannie Mae 1-800-7FANNIE (8am to 8pm EST) […]
Author Archive | Jillayne
For The Students from Monday, March 16 2009’s REO Class at SKCAR Bellevue
To my students from Monday’s REO class, Here is the link to the slide showing the Pay Option ARM Reset chart. Click through to the slideshare website. It’s slide number 15. Here is the amendment to the Distressed Property Law. It passed both branches of the legislature and is on it’s way to Governor Gregoire’s […]
DFI Interpretation Letter on Loan Modifications
DFI has posted an interpretive letter (First Draft) answering questions about loan modification services in the State of Washington. DATE: March 10, 2009 FROM: Deborah Bortner, Director, Division of Consumer Services RE: Loan Modification Services – License Required under the MBPA or CLA QUESTION PRESENTED: Must loan modification service providers be licensed to offer services […]
REO Class Coming to RE/MAX Parkside Affiliates in Tumwater
Hi Olympia area agents! Jim Bennett from RE/MAX Parkside Affiliates attended my Short Sale class a few weeks ago in Kent and promptly offered to host classes in his training room for Olympia area real estate agents and Realtors. The Short Sale class the first in a series of four classes that agents can take […]
Nationalize the Banks; We’re All Subprime Now
From the Washington Post by Matthew Richardson and Nouriel Roubini: “Nationalize the Banks; We’re All Swedes Now!” the U.S. financial system has reached such a dangerous tipping point that little choice remains. And while Treasury Secretary Timothy Geithner’s recent plan to save it has many of the right elements, it’s basically too late. The subprime mortgage […]
Links for Jan 18, 2009
U2 sings to Obama and Biden HousingWire discusses Covered Bonds. Will they help the liquidity crisis and if so, when? Not as much or as soon as we would hope, it turns out. CR is covering the UK Bank Bailout. Economists View has Shiller asking “Do We Need a Stimulus for Financial Advice?” Krugman takes […]
Thanks, C21 Real Estate Center!
A big thank you to Duane Hopper from Century 21 Real Estate Center of Lynnwood who has offered the use their training room for this Monday’s class. Thanks, Duane! When my training room rental fell through for the class, I remembered that Duane use to have a large training room at C21 REC after seeing his […]
$28 Million Earmarked for WA State
From Aubrey Cohen at the Seattle PI: HUD approves state’s foreclosure plan U.S. Housing and Urban Development Secretary Steve Preston has approved Washington’s plan to use $28 million to help communities recover from the effects of high foreclosures and declining home values. HUD previously had announced that the state would get the Neighborhood Stabilization funds, […]
Incliment Weather Policy
With snow forecast for this week, please check our schedule page for updates to our continuing ed class schedule. We may decide to move our City University classes to another location if City U closes or opens late. Students who are prepaid will receive an email update the day before. Check this website the day […]
Hedge funds collapse
I’ve been warning about the collapse of hedge funds during my classes and presentations over the past several weeks. Read the U.S. v. Maddof complaint pdf here.