Boeing Employees Credit Union (BECU) has some terrific financing options available for purchasing homes they own through foreclosure. They are offering 3.99% interest & APR on 30-year fixed rate loans. All fees are waived, i.e. no appraisal fee, no credit report fee, no origination fee, no escrow fee, no tax service fee. Maximum loan-to-value for owner occupied is 95% and for investor/non-owner occupied the loan-to-value is 80%.
Take a look at this list of BECU owned homes currently available. If you see something you like, give me a call at 206-708-9800.
Single adults face unique challenges when buying and selling a home. I know because I've done it myself, & a significant portion of my clients are single. This blog provides news & information you need to help you achieve your real estate goals. Alice Kuder, REALTOR®, Green. Prudential Northwest Realty Associates, Seattle, WA
Friday, May 7, 2010
Current mortgage loan rates
Here is your weekly update on mortgage loan rates, courtesy of Troy Chambers, loan officer for Arboretum Mortgage.
May Starts Off With A Bang!!!
Rates dropped nicely this week, and the month is starting wonderfully. It is a great time to either look at a refinance, or a new home purchase. I can help, so please feel free to contact my cell phone at any time at 425-418-5103. I will be available all through the weekend as well.
Please call with any questions regarding any other scenarios than are listed below.
Table of loan rates.
Troy Chambers
Arboretum Mortgage
Phone: 206-720-6628
Fax: 206-860-9340
troy@arboretummortgage.com
May Starts Off With A Bang!!!
Rates dropped nicely this week, and the month is starting wonderfully. It is a great time to either look at a refinance, or a new home purchase. I can help, so please feel free to contact my cell phone at any time at 425-418-5103. I will be available all through the weekend as well.
Please call with any questions regarding any other scenarios than are listed below.
Table of loan rates.
Troy Chambers
Arboretum Mortgage
Phone: 206-720-6628
Fax: 206-860-9340
troy@arboretummortgage.com
Short Sales, Foreclosures, REOs - What are the differences?
Every home owner is familiar with the concept of foreclosure. We all know the importance of making the mortgage payment, lest the heartless, mustache-twirling banker show up at our doorstep to kick us out of our home. But what about a Short Sale or a bank-owned property? What are the differences? Are they really bargains that you should consider snapping up as investment property?
Short Sales are much more common with the recent decline in home values. Some sellers find that the current market value of their home is less than what they owe on their mortgage. This only becomes a problem when and if the owner has to sell now. A Short Sale occurs when the lender agrees to accept less from the sale than the full amount owed on the loan. The owner is still involved at this point, but the bank takes control of the sale. A Short Sale is an attempt to avoid actual foreclosure and the potentially devastating financial consequences associated with it.
If the home does not sell before the deadline set for foreclosure, then it goes up for public auction. These auctions literally take place on the County Courthouse steps each week. Buyers must pay cash and properties are sold “as is.” If buyers want to inspect the property, they must do so before the sale. The buyer also assumes responsibility for any liens on the property, known or unknown.
If the home does not sell at the foreclosure auction, the bank takes back the deed and the property becomes an asset of the bank. This is known as an REO (Real Estate Owned) or bank-owned property. The bank then puts the house back on the market, usually at a price that is somewhat below market value, in order to ensure a quick sale. By this point, there is often significant deferred maintenance on the home, making it difficult to determine whether or not it is truly a “good deal.”
Want more detailed information? Give me a call at 206-708-9800.
I am a Certified Foreclosure Specialist, and I'm here to help you.
Short Sales are much more common with the recent decline in home values. Some sellers find that the current market value of their home is less than what they owe on their mortgage. This only becomes a problem when and if the owner has to sell now. A Short Sale occurs when the lender agrees to accept less from the sale than the full amount owed on the loan. The owner is still involved at this point, but the bank takes control of the sale. A Short Sale is an attempt to avoid actual foreclosure and the potentially devastating financial consequences associated with it.
If the home does not sell before the deadline set for foreclosure, then it goes up for public auction. These auctions literally take place on the County Courthouse steps each week. Buyers must pay cash and properties are sold “as is.” If buyers want to inspect the property, they must do so before the sale. The buyer also assumes responsibility for any liens on the property, known or unknown.
If the home does not sell at the foreclosure auction, the bank takes back the deed and the property becomes an asset of the bank. This is known as an REO (Real Estate Owned) or bank-owned property. The bank then puts the house back on the market, usually at a price that is somewhat below market value, in order to ensure a quick sale. By this point, there is often significant deferred maintenance on the home, making it difficult to determine whether or not it is truly a “good deal.”
Want more detailed information? Give me a call at 206-708-9800.
I am a Certified Foreclosure Specialist, and I'm here to help you.
Thursday, May 6, 2010
New network of women home owners forming now
21% of home buyers in this country are single women, making us the second-largest and fastest-growing segment of the market. Announcing a new source of complimentary services designed to help Seattle-area women attain and maintain their own homes. Savvy Seattle Women (SSW) is a group of West Seattle business women offering information referrals and advice on topics of interest to home owners. SSW currently offers free workshops, service provider referrals, and an online social network especially for women home owners.
The inaugural event for SSW is the free workshop, 7 Invaluable Tips for Home Owners, hosted from 6:30-8P, Tuesday, June 1 at 4700 42nd Av SW in West Seattle. The event is open to the general public. (Presenters are prohibited from selling products or services to participants.) Pre-registration is encouraged, but not required. Phone 206-708-9800, or e-mail SavvySeattleWomen@comcast.net.
No-cost advice and support is also available for home owners from SSW members at the following website: http://www.SavvySeattleWomen.com, as well as http://www.womenhomeowners.com/.
More complimentary workshops:
How to Buy and Finance a Fixer, 6:30-8P, Tuesday, June 29th at 4700 42nd Av SW in West Seattle.
Everything You Need to Know About Community Property (but didn’t know you should ask), 6:30-8P, Tuesday, July 27th at 4700 42nd Av SW in West Seattle.
About Savvy Seattle Women:
The nucleus of Savvy Seattle Women is a group of professional women dedicated to helping other women achieve and maintain their goals of home ownership.
SSW hosts and fosters an ever-evolving network of local women who offer each other support, information, referrals and other resources related to home ownership. With the exception of the founders, membership in the network is informal and there are no fees involved.
The primary services SSW provides are: free workshops; professional referrals; online advice and support via our own social network created specifically for SSW.
By giving added attention to single women, alongside other valued clients, SSW inspires and enables even more women to become home owners.
The founders of SSW are: Alice Kuder, Realtor; Sharon E. Best, Attorney; Diane Moorman, Stager/ Designer; Lori Richmond, Mortgage Planner; Laurie Aull, Paint Contractor; Kelli Strand, Chicago Title.
More information about individual founding members of SSW is available at: http://www.WomenHomeowners.com. Type “Seattle” in the City search box.
The inaugural event for SSW is the free workshop, 7 Invaluable Tips for Home Owners, hosted from 6:30-8P, Tuesday, June 1 at 4700 42nd Av SW in West Seattle. The event is open to the general public. (Presenters are prohibited from selling products or services to participants.) Pre-registration is encouraged, but not required. Phone 206-708-9800, or e-mail SavvySeattleWomen@comcast.net.
No-cost advice and support is also available for home owners from SSW members at the following website: http://www.SavvySeattleWomen.com, as well as http://www.womenhomeowners.com/.
More complimentary workshops:
How to Buy and Finance a Fixer, 6:30-8P, Tuesday, June 29th at 4700 42nd Av SW in West Seattle.
Everything You Need to Know About Community Property (but didn’t know you should ask), 6:30-8P, Tuesday, July 27th at 4700 42nd Av SW in West Seattle.
About Savvy Seattle Women:
The nucleus of Savvy Seattle Women is a group of professional women dedicated to helping other women achieve and maintain their goals of home ownership.
SSW hosts and fosters an ever-evolving network of local women who offer each other support, information, referrals and other resources related to home ownership. With the exception of the founders, membership in the network is informal and there are no fees involved.
The primary services SSW provides are: free workshops; professional referrals; online advice and support via our own social network created specifically for SSW.
By giving added attention to single women, alongside other valued clients, SSW inspires and enables even more women to become home owners.
The founders of SSW are: Alice Kuder, Realtor; Sharon E. Best, Attorney; Diane Moorman, Stager/ Designer; Lori Richmond, Mortgage Planner; Laurie Aull, Paint Contractor; Kelli Strand, Chicago Title.
More information about individual founding members of SSW is available at: http://www.WomenHomeowners.com. Type “Seattle” in the City search box.
Wednesday, May 5, 2010
Free Automated RE Reports
Do you like to keep an eye on real estate sales and values in your neighborhood? If so, you may be interested in receiving one or more of my monthly e-reports. The reports are free and it’s easy to unsubscribe if you decide you no longer want to receive them.
Sold Properties Report (aka SoldFinder): Provides information about homes for sale in your neighborhood once the sale has closed.
Home Valuation Report (aka Property Investment Profile): Provides an estimate of current value for your home based on information about homes comparable to your own which are currently on the market or have recently sold.
Market Tracker Report: Provides graphical information about regional market trends & sales of residential real estate within a specified zip code.
Sign up to receive any or all of these reports by sending me your e-mail address. Please remember to specify which report(s) and which zip codes you want to receive. Send information to Alice@AliceKuder.com
Sold Properties Report (aka SoldFinder): Provides information about homes for sale in your neighborhood once the sale has closed.
Home Valuation Report (aka Property Investment Profile): Provides an estimate of current value for your home based on information about homes comparable to your own which are currently on the market or have recently sold.
Market Tracker Report: Provides graphical information about regional market trends & sales of residential real estate within a specified zip code.
Sign up to receive any or all of these reports by sending me your e-mail address. Please remember to specify which report(s) and which zip codes you want to receive. Send information to Alice@AliceKuder.com
Tuesday, May 4, 2010
Now taking new listings!
9416 1st Ave NE #103 Sold!
7 Harrison St. #15 Sold!
2626 Marine Ave SW Sold!
I am now taking new listings!
If you are thinking of selling, give me a call today! 206-708-9800
7 Harrison St. #15 Sold!
2626 Marine Ave SW Sold!
I am now taking new listings!
If you are thinking of selling, give me a call today! 206-708-9800
Monday, May 3, 2010
Short Sales, Foreclosures, REOs - What are the differences?
Every home owner is familiar with the concept of foreclosure. We all know the importance of making the mortgage payment, lest the heartless, mustache-twirling banker show up at our doorstep to kick us out of our home. But what about a Short Sale or a bank-owned property? What are the differences? Are they really bargains that you should consider snapping up as investment property?
Short Sales are much more common with the recent decline in home values. Some sellers find that the current market value of their home is less than what they owe on their mortgage. This only becomes a problem when and if the owner has to sell now. A Short Sale occurs when the lender agrees to accept less from the sale than the full amount owed on the loan. The owner is still involved at this point, but the bank takes control of the sale. A Short Sale is an attempt to avoid actual foreclosure and the potentially devastating financial consequences associated with it.
If the home does not sell before the deadline set for foreclosure, then it goes up for public auction. These auctions literally take place on the County Courthouse steps each week. Buyers must pay cash and properties are sold “as is.” If buyers want to inspect the property, they must do so before the sale. The buyer also assumes responsibility for any liens on the property, known or unknown.
If the home does not sell at the foreclosure auction, the bank takes back the deed and the property becomes an asset of the bank. This is known as an REO (Real Estate Owned) or bank-owned property. The bank then puts the house back on the market, usually at a price that is somewhat below market value, in order to ensure a quick sale. By this point, there is often significant deferred maintenance on the home, making it difficult to determine whether or not it is truly a “good deal.”
Want more detailed information? Give me a call at 206-708-9800.
I am a Certified Foreclosure Specialist, and I'm here to help you.
Short Sales are much more common with the recent decline in home values. Some sellers find that the current market value of their home is less than what they owe on their mortgage. This only becomes a problem when and if the owner has to sell now. A Short Sale occurs when the lender agrees to accept less from the sale than the full amount owed on the loan. The owner is still involved at this point, but the bank takes control of the sale. A Short Sale is an attempt to avoid actual foreclosure and the potentially devastating financial consequences associated with it.
If the home does not sell before the deadline set for foreclosure, then it goes up for public auction. These auctions literally take place on the County Courthouse steps each week. Buyers must pay cash and properties are sold “as is.” If buyers want to inspect the property, they must do so before the sale. The buyer also assumes responsibility for any liens on the property, known or unknown.
If the home does not sell at the foreclosure auction, the bank takes back the deed and the property becomes an asset of the bank. This is known as an REO (Real Estate Owned) or bank-owned property. The bank then puts the house back on the market, usually at a price that is somewhat below market value, in order to ensure a quick sale. By this point, there is often significant deferred maintenance on the home, making it difficult to determine whether or not it is truly a “good deal.”
Want more detailed information? Give me a call at 206-708-9800.
I am a Certified Foreclosure Specialist, and I'm here to help you.
Sunday, May 2, 2010
Sunday Open House on Alki
This weekend I will be holding open 2 new construction, built-green homes located just 2 blocks from Alki Beach. The address of the first one is 3038 61st Av SW and the second is 3032 61st Av SW. Each is a stand-alone home, not a townhouse, and each has 3 bedrooms, 3.5 baths and 1864 sq. ft. of living space. Other features include bamboo hardwoods, in-floor radiant heat, high efficiency fixtures and appliances, off-street parking and decks off the Master bedrooms. List price for each is $524,950 PLUS the builder is offering to pay $7,500 in buyer closing costs!
Come take a look. I will be there from 1-4 today. As usual, I will be giving coupons for free ice cream cones at West Seattle's own Husky Deli.
Come take a look. I will be there from 1-4 today. As usual, I will be giving coupons for free ice cream cones at West Seattle's own Husky Deli.
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