The Secretary of State, Washington State, has rewarded a trademark certificate to CE Forward, Inc. for: Certified Foreclosure Specialist™ and the acronym CFS™ for the purpose of educating real estate brokers and Realtors in a specialized area of real estate: pre-foreclosures, short sales, foreclosures, and REOs. For more information, contact Jillayne Schlicke 206-931-2241 or visit the CFS™ Designation […]
To the Students from the April 15, 2009 Current Issues/FHA Class at Veridian Cove
Hi Everyone, As promised, here is the follow up information from our class today. Here is the March report I promised to find on FHA delinquencies. The FHA Home Mortgage Insurance Fund is down by 40% according to a January report. Here’s the information about the high percentage of loan modifications that are re-defaulting. Here […]
To the Students from the April 9, 2009 Short Sale Class at SKCAR Bellevue
By Jillayne on April 11, 2009 in Real Estate Continuing Education Classes, Short Sales, Uncategorized
Hi Everyone, Here’s the follow up information from our class: There was a question about how a selling agent can discuss commission with his/her buyer. I have received lots of help from my fellow co-bloggers over at RainCityGuide. Jim Reppond’s answer is the best so here it is: While the NWMLS does not explicitly forbid […]
To The Students from the April 8, 2009 REO Class at RE/MAX Ballard
Hi Everyone, Here are the answers to the questions that came up in class today: Here is the famous Texas Ratio predictive method for determining if a bank will fail and here is a list of banks and their Texas Ratios. Late this afternoon a video was released of Elizabeth Warren, head of the Congressional Oversight […]
To my students from the Tuesday, April 7, 2009 REO Class in Renton
Hi Everyone, Here are the answers to the questions that came up in class. Q: Are there any restrictions about discussing the selling agent commission with the buyer? (An agent from class thought this was not permissable.) A: Here is a PDF of the MLS rules. Commission rules start on page 21. The above might […]
Spring Clock Hours at Keller Williams Bothell
Keller Williams Bothell will be hosting three clock hour classes this spring: Short Sales on April 29 REOs on May 13 Foreclosures on June 17 All classes will be held from 12:30 to 4:30 $54 per person 4 clock hours See the CE4 Schedule for more details and to pre-register. Special thanks to Dori Murry, […]
Snohomish County Camano Assoc of Realtors Homeless Endowment Auction
If you’ve taken the Short Sale class from me, you may remember hearing me tell a story about a financially distressed homeowner who was going to net zero after their short sale closed, and who had nowhere to go. The Snohomish County Camano Association of Realtors is holding their annual Homeless Endowment Fund Gala Auction on […]
Notes from the March 25, 2009 Current Issues; FHA Class at Veridian Cove
Here is the link to check to see if a condo is FHA approved. Here is the link to check FHA mortgage limits for your county from FHA Here is the Raincityguide.com link for the FHA limits, plus FHA high balance limits. Remember, the “high balance” FHA loans are not readily available and if so, […]
For Students From the March 19, 2009 Short Sale Class at Firstam Bellevue
By Jillayne on March 21, 2009 in Current Issues in Mortgage Lending, Making Home Affordable, Short Sales
There was a question about how to search for short sales and REOs (bank-owned foreclosed homes) in the NWMLS, until such time as a search feature is activated. I wrote a blog post about this here. Here are all the press releases from the Obama administration’s Making Home Affordable plan. and here’s an interesting story […]
To My Students from the March 18, 2009 REO Class in Tumwater
To my students from the Wed, March 18th REO class, Here is the follow up email I promised to send: Fannie Mae 1-800-7FANNIE (8am to 8pm EST) Freddie Mac 1-800-FREDDIE (8am to 8pm EST) Better yet, the government just released this website with step by step instructions for homeowners on how to find out if […]