Tag Archives | richard eastern

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Short Sales Tumble to Pre-Crisis Levels

The housing market is heading back to pre-crisis norms. Short sales have declined sharply over the past twelve months. The percentage of home loans in delinquency or foreclosure is at the lowest level in five years. Loans that are 90 or more days past due are down 29 percent from last year. Why the sharp […]

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Washington State Foreclosure Process

Facing the prospect of foreclosure is a confusing, time-consuming and emotionally-charged time for a homeowner. The good news is the Washington State Foreclosure Process has very specific milestones in place to help consumers avoid foreclosure, by negotiating a loan modification or doing a short sale. What are the foreclosure milestones in Washington State? After missing […]

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Flood of Service Releases Delaying Short Sales

A recent surge in service releases by lenders has significantly impacted the short sale market, resulting at best in lengthy delays for approvals, or at worst with the deal falling through completely.  Short sales were always more time-consuming and complex than a traditional real estate transaction. Now there are even more hurdles. Why the surge […]

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What Is The Short Sale Process?

A short sale is the sale of a property for less than what the owner still owes on the mortgage. A short sale is an alternative to foreclosure when a homeowner needs to sell and can no longer afford to make their mortgage payments. Here is an outline of how the short sale process works […]

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