Foreclosure in Seattle : Questions & Answers

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Kary L. Kris…, Real Estate Pro in Renton, WA
Kary L. Krismer answered:
Hi there! looking for a great positive agent in the seattle area who deals with $0 - $200k foreclosures on a regular basis. Thanks!
This is the second time in 12 hours I'm going to give this answer: "Do you mean houses owned by the bank? If so, I would not limit yourself to them. I used to do a fair amount of REOs, ... more
1 vote Share Flag Tue Oct 28, 2014 Foreclosure in Seattle
Kary L. Kris…, Real Estate Pro in Renton, WA
Kary L. Krismer answered:
What is the point of having a 5.5% BK fee for someone Short Selling their house? What is the Actual benefit to the Distressed Property Owner?
I'd like to expand on something Dan brought out, that was implied in the original question--that agents are convincing people to file bankruptcy. As Dan correctly points out, that is n ... more
0 votes Share Flag Wed Sep 10, 2014 Foreclosure in Seattle
Annette Lawr…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
I won the bid at shortsale auction but the seller has been uncooperative but the house is still on MLS. When does it go to?
If you 'won the bid' follow the procedures dictated by the auction company.
Unless of course you were simply a pawn in a 'valuation' process.
If you were a represented buyer in the au ... more
0 votes Share Flag Tue Aug 12, 2014 Foreclosure in 98144
Oscar Gonzal…, Real Estate Pro in Bellflower, CA
Oscar Gonzales - Hablo Espanol answered:
I am new to Trulia. Agents has it been worth it?

So far Trulia has been great for my business. Make sure you stay active on the blogs and advice sections, bring your Profile to 100% and be patient you never know when you'r ... more
0 votes Share Flag Mon May 12, 2014 Foreclosure in 98133
Ray Akers, Real Estate Pro in Seattle, WA
Ray Akers answered:
I am renting a condo that is up for auction july 18 do mostly investors buy these or a general person. and should I be planning on finding a new pl
Contact the Seattle Tenants Union, and bring a copy of your lease agreement. There is no way to know if the future owner of your condo will be an investor (who needs a tenant) or an ow ... more
0 votes Share Flag Sat May 10, 2014 Foreclosure in 98133
Peter Nelson, Real Estate Pro in Seattle, WA
Peter Nelson answered:
Do past HOA dues carry over to new owner of a foreclosed home?
I am no lawyer. But my experience and understanding of the law from having purchased foreclosure condos at auction is that the new owner can be held responsible for up to 6 months of p ... more
0 votes Share Flag Wed Apr 9, 2014 Foreclosure in Seattle
Dave Skow, Real Estate Pro in Seattle, WA
Dave Skow answered:
Fannie Mae listing question

Kathy –

Have you been able to locate and purchase a property yet? Do you still need any assistance ?

Dave Skow - WA MLO #278613
Eagle Home Mortgage
w 206 71 ... more
0 votes Share Flag Thu Apr 3, 2014 Foreclosure in Seattle
Eric Anderson, Real Estate Pro in Kent, WA
Eric Anderson answered:
do yall help people with bad credit to buy a home?

Great question! Having bad credit can be a hindrance to purchasing a new home, but it really depends on what your credit situation is. The best thing to do would be to m ... more
0 votes Share Flag Tue Feb 11, 2014 Foreclosure in Seattle
tani.zamora, Other/Just Looking in Seattle, WA
tani.zamora answered:
how i get apllicatio to clean the house up?
Hi Juana,
I am looking for licensed and bonded contractors/handyman in your area. Types of work we need performed but are not limited to; lock changes, trash outs, grass cuts, bids, re ... more
0 votes Share Flag Wed Feb 5, 2014 Foreclosure in Seattle
George Brain, Real Estate Pro in Arlington, WA
George Brain answered:
Need private money lender or HML for house in state of WA. and in foreclosure. Need help.
feel free to contact me directly.
where is your house at?
George 206 954 5739
real estate broker
0 votes Share Flag Thu Jul 11, 2013 Foreclosure in Seattle
Johan Tong, Real Estate Pro in Seattle, WA
Johan Tong answered:
Have a condo in washington state, now just now owed by fannie mae. I have no I deal what the next step is, my phone have been ringing off
Hi Maybb64,

One thing to remind you if you have missed a payment and received the NOD. You have only 20 days after receiving NOD to respond to a mediation. I understand the stress wh ... more
0 votes Share Flag Thu Apr 18, 2013 Foreclosure in Seattle
Steve McDona…, Real Estate Pro in Seattle, WA
Steve McDonald answered:
If a house is foreclosed on then resold at auction and the sale is pending, when does the renter have to pay rent to the new landlord?
Sorry about your situation. Do I understand you correctly that the first position lienholder (bank) foreclosed on the house some time ago and then used an auction to sell the property r ... more
0 votes Share Flag Wed Feb 6, 2013 Foreclosure in 98103
Stormygreen1, Home Buyer in Seattle, WA
Stormygreen1 answered:
In WA, who owes the HOA dues in a foreclosure when there is a lien on the property for them?
You made a commitment to the bank and to the HOA when you purchased the property. Your name is on the title until the auction has been completed, therefore you are responsible. The co ... more
0 votes Share Flag Sat Aug 25, 2012 Foreclosure in Seattle
Ardell Della…, Real Estate Pro in Seattle, WA
Ardell Dellaloggia answered:
Is it common practice for Fannie Mae to refuse to negotiate on a Homepath home if major (not cosmetic) problems are found at inspection?
It is actually true of any home purchase that you may have the right to cancel on inspection, but you don't have the right to insist on any changes on the seller's part from the origina ... more
0 votes Share Flag Tue Aug 7, 2012 Foreclosure in Seattle
Ken Urman, Real Estate Pro in Mercer Island, WA
Ken Urman answered:
REO Clouded Title
There are many possibilities. In this case the delay may have been related to the method and procedure of foreclosure. Occasionally with REO properties the seller holds up the transacti ... more
0 votes Share Flag Tue Jul 31, 2012 Foreclosure in Seattle
Alain Picard, Real Estate Pro in Puyallup, WA
Alain Picard answered:
cleanning foreclosure homes
Hi Lety, I just sent you an e-mail with some information that may help you.
0 votes Share Flag Wed Apr 11, 2012 Foreclosure in Seattle
Ardell Della…, Real Estate Pro in Seattle, WA
Ardell Dellaloggia answered:
bank approved short sale that buyer walked away from because underfunded HOA reserve. Do I have recourse on the HOA since I can't sell?
Worth CA as example you might have recourse as the legal standards HOA Board Members must adhere to are more strict. In WA there was no legal obligation to even do a Res ... more
0 votes Share Flag Thu Apr 5, 2012 Foreclosure in Seattle
Daniel Smith, Real Estate Pro in Seattle, WA
Daniel Smith answered:
Hi Sharron My name is Daniel Smith broker at Keller Williams if you would like me to check my off market sources( asset managers ) at several of the local banks, as well as what is ava ... more
0 votes Share Flag Wed Feb 8, 2012 Foreclosure in 98102
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
What is the best way to purchase a foreclosure in Seattle?
There are 2 basic ways, at an auction or through an agent when it's been listed. Depending on what you are trying to accomplish either may work for you.
As others have ... more
0 votes Share Flag Mon Feb 6, 2012 Foreclosure in Seattle
Patrick Beri…, Real Estate Pro in Seattle, WA
Patrick Beringer answered:
How can we get Band of America to paid the unpaid dues on a condominium they foreclosed on?
What I usually do when I list a REO is have the buyer pay the past dues. Sometimes the bank will pay them as part of a purchase and sale, but until that point they likely won't ev ... more
0 votes Share Flag Sat Oct 29, 2011 Foreclosure in Seattle
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