August, 2013 RSS Icon
Found 5 entries for August, 2013.

The Federal Housing Administration (FHA) has trimmed the waiting period for borrowers that had a foreclosure, bankruptcy, and short sale to one year for FHA Case numbers assigned on or after August 15, 2013.  

Prior a borrower that had a bankruptcy had to wait three years and for a short sale or foreclosure two years before becoming eligible to purchase a new home with an FHA insured home mortgage.

If you experienced any of the following financial issues recently you may be eligible sooner rather than later:

  • Short Sale
  • Deed-in-lieu
  • Pre-foreclosure sales
  • Foreclosure
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Loan Modification
  • Forbearance agreement

First a buyer must prove that the foreclosure or short sale was cause

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Buying your first home will be one of the biggest decisions that you make in your life. While the Evergreen State's draw may be its beauty and history, many young professionals and their families would enjoy living in this beautiful state. Here are some home buying tips that can make the process of buying your home in Southwest Washington stress free.

Know The Difference Between Your Wants and Needs

Typically it is difficult to find everything in a home that qualifies as your dream home, but your search can come pretty close if you are patient and willing to bend on some of those little extras that you may not truly need in a home. The best way to prioritize is to make a list of what is most important, second important and least important. Would you

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There are two types of mortgages: fixed rate and adjustable rate. A fixed rate mortgage never changes throughout the life of a loan. This can offer more stability than adjustable rate mortgages, which increase and decrease based on prime rate. For adjustable mortgages, if the mortage rates go up, so do your payments. On the other hand, if they go down, your payments do as well. The issue with this is that adjustable rate mortgages are unpredictable, making it hard to make a long-term budget. Fixed rate mortgages never change depsite how volatile the rates are, making this a very appealing option for many people who want to be able to make long- and short-term budgets. And if the mortgage rates go up, you will actually be saving money, because your rates

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Northwest MLS NWMLS LogoNWMLS, Kirkland, WA, August 6, 2013 – Rising interest rates, rising prices and rising consumer confidence are creating a "positive cyclone of home sales activity," according to members of the Northwest Multiple Listing Service. A robust job market around the Greater Seattle area is also spurring sales.

Member-brokers reported 9,565 pending sales during July for an increase of more than 13.6 percent from a year ago – the highest year-over-year gain since January. Last month's mutually accepted offers across 21 counties also marked a slight improvement on June's total of 9,484 pending sales.

Northwest MLS director John Deely, the principal managing broker at Coldwell Banker Bain in Seattle, said multiple offers are being reported in all price ranges

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Anyone interested in living in Clark County will find it’s a place that provides residents with a variety of historic landmarks, urban areas as well as access to pristine forests.  People who live here can enjoy the views of the Columbia River with the stunning Cascade Mountains in the background.  Within Clark County, there are seven different cities where people can live.  The smallest is Yacolt and the largest is Vancouver. 

Clark County has scenic driving tours that are best enjoyed more than once.  During the drive, people can see places such as Lucia Falls.  This is a 24-acre park that has hiking trails and impressive views of nature.  There is even an opportunity to see steelhead launching themselves up the falls.  There’s the Cedar Creek Grist

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