Written on January 7, 2012 by George Geoghegan
We recently had a transaction where the seller refused to negotiate any repair adjustments. None at all. This is actually not completely unusual, but most of our buyers do receive at least a small amount to offset repair and condition issues that were revealed by the inspection and not disclosed on the Seller’s Disclosure form.
But on this particular transaction, the buyer received a favorable contract price. The seller felt that the home was a good deal as-is at the contract price and was unwilling to offer anything else. Buyer was ok with that, so no problem.
But then the listing agent wanted to buyer to go ahead and terminate the Option Period in writing. B
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Posted in Mortgage Help | Comment Now!
Written on January 5, 2012 by Rose Ryrie
The Financial Service Authority (FSA) has very recently announced plans in the form of a mortgage market review (MMR), to prevent a return to risky mortgage lending seen during the housing boom.
Irresponsible lending resulted in many borrowers taking on mortgages which only seemed affordable on the assumption that house prices would always rise.
With the financial crisis and the economic climate as it is today, many of these borrowers have now ended up struggling to repay their mortgages and are therefore in real danger of losing their homes.
The Financial Service Authority’s (FSA) mortgage market review (MMR) proposals will see that all prospective borrowers will now receive the right advice and information at the right time. I
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Posted in Home Loan Consultant | Comment Now!
Written on January 3, 2012 by George Geoghegan
Saturday is New Year’s Eve, and the year in review articles, top ten lists of 2011, and 2012 predictions are showing up everywhere. This time of year always inspires reflection, which led us to think about some of the incredible milestones we’ve experienced over the past 12 months and what we have to look forward to in 2012.
- Windermere and the University of Washington celebrate a 25 year partnership! This year was the 25th annual Windermere Cup; the international crew races that are held each year to kick off opening day on Lake Washington. The
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Posted in Mortgage Help | Comment Now!
Written on January 1, 2012 by Rose Ryrie
jan | December 15, 2011 | 
The Council of Mortgage Lenders (CML) expects the number of house repossessions to increase by 21.6 per cent from 37,000 this year to 45,000 in 2012 due to an increase in unemployment and falling household incomes.
The CML also expects housing transactions to fall next year, with 825,000 homes expected to be sold compared with an estimated 852,000 this year.
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Written on December 31, 2011 by Brooke Wardlaw
The Federal law enforcers seem strangely silent on criminal foreclosure fraud. Is Washington afraid?
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Posted in Real Estate Notes | Comment Now!