REO
As the Federal Housing Finance Agency (FHFA) begins accepting initial applications for their REO to rental program, the National Association of Realtors (NAR) have openly opposed the program. According to many realtors, the rental program won’t do much to alleviate the foreclosure crisis but could unfairly impact the ability of real estate agents to earn a profit.
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Category : Blog
Great Marysville WA Home located on Grove Street, zoned for neighborhood business too. Come bring your inspiration to this home with lots of potential. Over a quarter of an acre right on Grove Street which makes for an excellent location! Home has two beds and a bath with lots of potential charm. Within walking distance to a parks, schools and library. Make this house a home again or a local business!
Category : Residential &Sold
Conforming Loan Limits Beneficial to WA REO Distressed Properties?
There is a chance that an increase in some conforming loan limits in high-cost real estate markets could provide slightly more opportunities for REO investors purchasing high priced properties. If conforming loan limits are increased, REO investors on the margins of the maximum limit may have an opportunity to access certain loans, giving them more financing options.
Category : Blog
Seattle Ranked 5th in Nation for Real Estate
Seattle Real Estate was ranked the nation’s fifth-best market for real estate investing next year and the top “buy” market for retail and industrial property according to the latest Emerging Trends on Real Estate report by the Urban Land Institute. Seattle benefits from some core elements that make it a very desirable place to buy and hold properties:
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Category : Blog
Many would be investors eyeing the Washington REO market don’t understand how the industry works. If you want to try your hand at buying and selling REO’s there are a few things you should understand before taking the leap:
Category : Blog
Best of 2011 Blogs!!!
Being that 2011 is over, we thought it might be neat to go back and take a look at which of our blogs ranked the highest in views among people perusing our sites at psreos.com and resg.info. Thanks to our helpful tool, Google Analytics, we were able to capture this information! Enjoy!!
Category : Blog
Why Homeownership Decline Is Only Temporary
There’s a lot of hoopla about the pending death of homeownership in America; but is that just a lot of hype? According to Morgan Stanley analyst Oliver Chang, the housing industry can expect to see a drop in homeownership to 60 percent from its peak of 69 percent. But there are still plenty of Buyers searching for Homes.
Category : Blog
Real estate reseller Lenders Clearing House has agreed to sell REO properties for the U.S. Department of Housing and Urban Development Neighborhood Stabilization Program.
“Previously, on average, we acquired and sold 300 foreclosed and abandoned homes a year, after quickly restoring them to ‘like new’ condition and offering them at or above current market pricing,” states Zolt Szorenyi, CEO of Lenders Clearing House.
Category : Blog
Cascade Bank aka Cascade Financial Corp. of Everett, which was purchased by Opus this past fall, has reported a quarterly loss of $3.3 million as of March 31st; but that’s a significant decrease from the $8.6 million it lost a year ago.
Like many banks in Snohomish County, Cascade was hit hard by loan losses, mostly from loans to developers and home builders. Cascade had set aside $2.6 million for losses during the last quarter, a 54 percent decrease from the previous quarter, the company reported Tuesday. Its net charge off for bad loans was $2.9 million, a 51 percent drop. . (more…)
Category : Blog
Real Estate is the United States Best New Asset Class
For the past few years we’ve bemoaned the housing bust, the credit crisis, toxic mortgages and the foreclosure onslaught. But at a time when unemployment has slowly begun to decline and consumer spending increase, there are some housing industry veterans putting their bets on a real estate gold rush. Is it time to buy now? Are we on the eve of another real estate recovery? Some say yes. (more…)
Category : Blog
Fantastic opportunity to own a Bank Owned Condo in Everett WA for under 65K! This 2 bedroom, 2 bath condo overlooks the pool. Prior owner remodeled with new flooring; paint just needs finishing touches. Open floorplan, with a wood burning fireplace in Living room. Large closets in Master suite. Close to everything. Buyer to verify all information to satisfaction. Property sold AS IS, WHERE IS without warranty or guarantee. Not what you were looking for then search for more homes.
Category : Condo &Properties &Sold
Great top floor, 2 bedroom unit Condo in Mountlake Terrace with washer/ dryer included. Swimming pool in complex. Pets under 25 lbs are allowed. Condo has a spacious living room with a wood burning fireplace and adjacent dining room. Kitchen has lots of cabinet space and pass-through window. The balcony has storage space. HOD’s include maintenance and repairs as well as garbage and water/ sewer. Let us help you find a new home today.
Category : Condo &Properties &Sold
