The Specialist in Seattle Real Estate
I saw a great blog post today by Rhonda Porter (a local Mortgage Broker who is a prominent blogger) that gives a detailed outline on what to expect in the upcoming Expanded HARP 2 guidelines. Harp stands for the Home Affordable Refinance Program that was released by the Department of Treasury and the Department of …
Fannie Mae just announced a new policy regarding pre-foreclosure short sale transactions that is effective March 1, 2009. The policy provides that the closing of a pre-foreclosure short sale involving a Fannie Mae loan may not be conditioned upon reducing real estate brokerage commissions to a level below what the listing agent negotiated with the …
The Marlborough House, a recent condominium conversion, is officially in foreclosure. A TheSeattleSpecialist blog reader recently commented (Thanks, Aaron!) that The Notice of Foreclosure was posted on the building. I searched the county records and found that on 2/20/2009 a Notice of Trustees Sale (NTS) indeed was recorded showing over $18,000,000 in default. The current …