Edgewood, WA Real Estate Blog

The number of listings offered as short sales has climbed dramatically since the onset of the financial/housing crisis.

Rather than settle for the anecdotal and second hand information, I decided to take a closer look at the activity over the past 6 months of short sale activity.

The results are interesting, especially for a buyer considering a short sale.

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This morning I read a post (Reading Redux) at Credit Slips regarding a familiar lament about not reading all documents at closing. It’s a subject I’ve visited before.
Lenders are notorious for getting document to escrow late or, at the very least, at the very last possible moment. Obviously it helps to select a trustworthy [...]

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Phil over at the Boise Real Estate Blog posted further evidence of why a home inspection, even for a new home is necessary.
As I’ve mentioned before, this is even more of a requirement in todays market for the reasons posted here.

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Update:  The issue discussed in the following post will be rendered moot with new forms to be published October 15, 2007.
I made the follow comment to a post made by Jason Mook: Switching Boats Mid Stream.
This issue concerns the typical financing contingency found in most real estate contracts. In essence, the financing contingency says [...]

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Once again I’m aghast.
I was just reading a comment(#43) to a post on deceptive radio advertising for mortgage lending on Seattle’s Rain City Guide regarding selecting an agent when I received a call from the selling agent on one of my recently closed transactions.
He said he was missing a copy of an Agency Disclosure Form [...]

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I made the following (rather timely given my previous post) comment on a post at The TNT Open House Blog.
One would have to be rather cavalier (or naive or dumb) not to read all loan documents before signing.
Sympathy for those who don’t? Please… If you’re going to give someone a signed blank check, don’t complain [...]

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As I mentioned in a previous post, closing and signing closing documents are two different things. Actual closing will occur some time after signing closing documents.
Buyers should bring the following to escrow (the closing agent) when signing closing documents:

Good Faith Estimate – This should have been provided by your lender.
Truth-in-Lending (and here) form – [...]

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It’s not uncommon for buyers and sellers to confuse signing closing documents with closing the sale of a home. They are not the same thing.
Closing (at least here in Washington State using NWMLS forms) is defined to have occurred when the transfer documents are recorded (the deed) with the county, and, sale proceeds [...]

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