Hi Everyone, Here’s the follow up Q&As from today’s class. Are rents stabilizing? Maybe in some cities. Here’s a graph showing the U.S. homeownership rate. More graphs….same awesome source (CalculatedRiskBlog) showing delinquencies. Scroll across the bottom for the REO inventory charts. Here’s the most recent unofficial problem bank list. Here’s a great movie to rent […]
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To the Students from the Nov 12th Foreclosure Field Trip
Hi Everyone, Here are the relevant links from today’s 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 the […]
To the Students from the Nov 4, 2010 Advanced Short Sale Class at PNW Realty Bellevue
Hi Everyone, Here’s our follow up from today’s class: Here’s that very good article from the New York Times regarding banks foreclosing instead of saying yes to a short sale that Daphna kept referring to. Bruce, be sure to check this out! Bruce also asked for some checklists. Here’s my list of questions to ask […]
To the Students from the Foreclosure Class at PNW Realty Fed Way
Hi Everyone, Here’s the follow up from today’s class. Seattle Bubble is required reading for my students. Nobody does Seattle area housing statistics better than Tim Ellis. Here’s a recent article tracking foreclosure stats, which SB does monthly for their readers. Here’s the recent story about Wells Fargo limiting short sales to only ONE foreclosure […]
To the Students from the October 12, 2010 REO Class at SKCAR Bellevue
Hi Everyone, Here’s the follow up Q&As from today’s class. Here’s a story about the mortgage fiasco regarding those pesky robo-signers. Tom Lawler writing at CR helps us understand what’s going on. Here’s a link to the graph showing the Fannie, Freddie, FHA REO inventory and the second graph adding the Private Label MBS. inventory. […]
To the Students from the REO Class at John L Scott “THE” Kent Office
Here’s a story about the mortgage fiasco regarding those pesky robo-signers. Tom Lawler writing at CR helps us understand what’s going on. Here’s a link to the graph showing the Fannie, Freddie, FHA REO inventory and the second graph adding the Private Label MBS. inventory. And here’s a page on ceforward.com that provides a list of […]
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 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 […]