Hi Students! Here’s the follow up from today’s class. This is an interesting website showing how Hellickson has been spending his time lately. I had a question for myself: What is the current federal funds rate? Here’s a nice explanation from bankrate. The next question I asked myself was, “could the fed funds rate go lower?” […]
To the Students from the Sept 8, 2010 Foreclosure Class at SKCAR Bellevue
Hi Everyone, Here’s the follow up from today’s class. Here’s the graph showing that 96.5 percent of all loans are being backed by the government. Thanks again to CR who allows me to use his graphs in the classroom. Here is a very funny video of John Stewart interviewing Elizabeth Warren. Here’s more info on […]
To the Students from the August 23, 2010 Foreclosure Class at John L Scott “Kent The Original”
Hi Everyone, Here’s our follow up Q&As from class. Here’s the statistical data on Pay Option ARMs and here’s the reset chart. A big thank you to CalculatedRiskBlog who allows me to use his charts in class for educational purposes. Thanks, CR! Here’s a link to homeownership.wa.gov with free help for homeowners facing foreclosure from […]
To the Students from the August 17, 2010 REO Class at SKCAR Bellevue
Hi Everyone, Here’s the follow up from today’s class. Here’s a link to the REO inventory graphs from the first hour of class. Here’s the unofficial problem bank list. CR updates this every Friday night or Saturday morning. Here’s the blog post Val mentioned regarding the list of links to bank-owned REOs for sale. Here’s […]
To the Students from the August 16, 2010 Short Sale Class at John L Scott Kent Kangley
Hi Everyone, Here’s the follow up from today’s class. There was a question about whether or not the short sale debt is considered a taxable event when the lender forgives the shortfall. Here’s a link to the IRS website explaining the Mortgage Forgiveness Debt Relief Act; who is and is not exempt. By the way […]
To the Students from the July 29, 2010 Foreclosure Class at SKCAR Bellevue
Hi Everyone, Wow, what a fantastic class today…so many interesting questions and so MANY questions on Deeds-in-Lieu of Foreclosure. As promised, here’s the follow up: Here’s some reading material on loan modification plan for people with Pay Option ARMs seeking principal balance reduction. Here’s the statistical data on Pay Option ARMs and here’s the reset chart. A big […]
Bank Owned REOs
While doing research for one of my new classes, “Buying an REO” I came across an outdated list of direct links to bank REOs for sale. So I decided to update the links and repost it for my students. I also added some regional banks from the Pacific Northwest. Feel free to leave new links in […]
To the Students from The July 16, 2010 REO class at SKCAR Bellevue
Hi Everyone, Here’s the follow up from today’s class. Nobel Prize winning economist Dr. Paul Krugman gives us some nice data about the Community Reinvestment Act and how CRA is not to blame for the meltdown. All you have to do is google or bing this: community reinvestment act harvard and the Harvard PDF will come […]
To the Students from the July 7, 2010 REO Class at Windermere Bellevue West
Hi Everyone, Here’s the folow up from today’s class. Here’s the graph showing 96.5 percent of all loans now backed by the federal government. Here’s the New York Times interactive map showing the subprime loans made during the real estate bubble run-up. Here’s a way to see the FHA default rate of your favorite lender. […]
To the Students from the June 18, 2010 REO Class at SKCAR Bellevue
Hi Everyone, Wow, what a fun class today! Here’s the follow up: Here’s the story from the L.A. Times about the FBI filing criminal charges against 1200 people today for mortgage fraud. There were several questions regarding Homeowner’s Associations and how many month’s worth of dues they can force the lender to pay after foreclosure, and how […]