This is a new term I heard in class from my real estate agent students. It describes a home buyer shopping for a move-up home; a nicer home in a nicer neighborhood. The buyer has an existing home and the home’s value has dropped so far that in order to sell, they would have to go through […]
Archive | Foreclosure
To the Students from the Dec 15, 2009 Foreclosure Class at SKCAR Bellevue
Hi Students, Here’s the follow up Q&As leftover from our class: Here are two articles on how credit scores are effected by short sale v. foreclosure v. bankruptcy. First, here’s Ken Harney’s article and here’s Ardell’s follow up on the blog RCG. Here’s more information on the new WA State Foreclosure laws. George asked “What constitutes […]
To the Students from the Dec 7th Foreclosure Class at PreviewP Northgate
By Jillayne on December 22, 2009 in Credit Scores, Foreclosure, Real Estate Continuing Education Classes, Uncategorized
Hi Everyone, Here’s the follow up info from our class on Foreclosures at PreviewP Northgate Some folks were curious about the 3 investor groups that represent buyers who want to buy homes at the foreclosure auction like the one we watched in class, and the one I filmed in May here. Those companies are: Vestus, Foreclosure […]
Banks are setting bid prices below the principal balance at auction
I visited a foreclosure auction on April 24, 2009 in Bellevue and was able to interview three investors regarding the rumors I was hearing about banks setting a below payoff price as their opening bid. Turns out the rumors are true. Follow the full stories here: Why are Banks Setting the Opening Auction Bid Below the […]