Spring Brings Sales - In Foreclosures
Updated Oct. 9, 2013
SPRING BRINGS SALES - In Foreclosures. As spring has come upon us, the sales of homes has begun in earnest. Some are even complaining about lack of inventory to meet the needs of their buyers. This brings about what has not been seen in some time - bidding wars.. In light of such a change in the real estate market, another...

Spring Brings Sales - In Foreclosures II
Updated Oct. 9, 2013
Spring Brings Sales - In Foreclosures - II. Earlier this week, I reported on the number of foreclosures that appeared in the local newspaper last Friday (40).. As it is again Friday, the newspaper has listed the upcoming foreclosure sales today. This time there were only 10. Maybe last week was just an anomaly. The...

Mortgage Rates Changing
Updated Oct. 9, 2013
For those who are outside the mortgage field, you may not have heard, but rates generally deteriorated today -- our home office, as well as some brokering companies sent us at two notices of rates moving up. The real reason for this probably won't be clear for a day or two, but if you are floating your rate lock,...

Spring Brings Sales - In Foreclosures - III
Updated Oct. 9, 2013
Spring Brings Sales - In Foreclosures - III. As we continue through this spring (acting more like summer here in the Seattle Tacoma area) - the foreclosures continue to show up in the legal notices section of the newspaper.. For those who missed it, two weeks ago, there were 40 listings in the local paper. Last week it...

Spring Brings Sales - In Foreclosures - IV
Updated Oct. 9, 2013
Spring Brings Sales - In Foreclosures - IV (edit/delete). Spring Brings Sales - In Foreclosures - IV. Here we go again, with the numbers climbing again this week. There were sixteen foreclosure sales listed in the legal notices section of the local newspaper (The Tacoma News Tribune). This is equal to the total of...

Spring Brings Sales - In Foreclosures - V
Updated Oct. 9, 2013
Spring Brings Sales - In Foreclosures - V. This week we find a drop down to only seven (7) foreclosures in the legal notices of the local paper (TNT). This is down from last week's total of sixteen.. What is interesting about this week's listings is that contrary to last couple times when most of the listings...

FHA Changes Next Week!
Updated Oct. 9, 2013
One of the overlooked changes that will affect all FHA borrowers, and will Annual Percentage Ratemake things even more challenging in the future, as loan officers have to explain to the borrower why their APR is so much higher than their stated rate.. If you are considering having your buyer (or are a buyer...

Spring Brings Sales - In Foreclosures - VI
Updated Oct. 9, 2013
Spring Brings Sales - In Foreclosures - VI. Another Friday, and time for the weekly report on the legal notices about the upcoming foreclosure auctions in the Pierce County area.. As those who have been following this for a bit know, about two months ago there was a spike in listings with 40 one week, since then the...

Fair Access to Credit Scores Act of 2013
Updated Oct. 9, 2013
Fair Access to Credit Scores Act of 2013. There is a bill before Congress called the Fair Access to Credit Scores Act of 2013 (introduced in March), and some believe that this will be of benefitCredit Scores? to the home buying public. They believe that if the consumer is provided with a FREE credit score, along with...

Spring Brings Sales - In Foreclosures - VII
Updated Oct. 9, 2013
Spring Brings Sales - In Foreclosures - VII. Well, the numbers moved again. Today's legal notices showed a steep jump from SOLD at Auction last week's four, as there were seven (7) notices of upcoming foreclosures in this morning's newspaper (TNT - Tacoma) for Pierce County.. Of these, six of them...

Spring Brings Sales - In Foreclosures - VIII
Updated Oct. 9, 2013
Spring Brings Sales - In Foreclosures - VIII. Well, now that summer has arrived, according to the calendar, I may have to update this title, but in the meantime, it is time to review what happened in the foreclosure listings last week on Friday for the Pierce County Washington area... Turns out that the numbers went...

Second Mortgages Going Away?
Updated Oct. 9, 2013
This news just coming out -- in its continuing effort to "fix" the mortgage "problem" - two senators are planning to introduce a bill today that would give first lien holders a "veto" option if a borrower was trying to get second mortgage. This bill appears to apply specifically if the two loans together would...

Summer Brings Sales - In Foreclosures II
Updated Oct. 9, 2013
As Summer heats up, we find that the sales are heating up as well. Though there were only ten foreclosure sales noted Foreclosure salesin the newspaper (TNT) this week the number jumped up to twenty-one!. These were split almost evenly between next Friday, July 12th and four weeks out on August 2nd. Next week had a...

Summer Brings Sales - In Foreclosures III
Updated Oct. 9, 2013
Summer Brings Sales - In Foreclosures III. Well, here it is, Thursday -- when these notices usually come out on Friday -- but this is to let everyone know that there was a (one) foreclosure notice in the paper (TNT) this morning.. It was interesting to see only ONE notice -- until I realized most of them show up on Friday.....

Summer Brings Sales - In Foreclosures IV
Updated Oct. 9, 2013
Summer Brings Sales - In Foreclosures IV. As Summer heats up, we find that the sales are heating up as well. There were twenty-one (21) foreclosure sales noted Foreclosure sales last week in the newspaper (TNT), this week the number climbed to twenty-three (counting the one in yesterday's paper, that makes...

Summer Brings Sales - In Foreclosures V
Updated Oct. 9, 2013
Summer Brings Sales - In Foreclosures V. As Summer heats up, we find that the sales are heating up as well. There were sixteen (16) foreclosure sales found this week in the newspaper (TNT), which is down a bit from the twenty-four last week.. These were split over only two dates (in comparison to last week's four)....