Comments on: Foreclosure Terminology http://www.getrealtacoma.com/2008/11/foreclosure-terminology/ Real Tacomans on Real Estate Fri, 30 Jul 2010 16:21:45 +0000 http://wordpress.org/?v=2.6.3 By: Get Real Tacoma » Blog Archive » How do I get a Rehab Loan? http://www.getrealtacoma.com/2008/11/foreclosure-terminology/#comment-40 Get Real Tacoma » Blog Archive » How do I get a Rehab Loan? Fri, 30 Jan 2009 16:06:39 +0000 http://www.getrealtacoma.com/?p=271#comment-40 [...] solution is a Rehab Loan, such at the FHA (Federal Housing Administration) 203K loan.   This loan is available only to buyers who are buying a house to live in themselves, so flippers [...] [...] solution is a Rehab Loan, such at the FHA (Federal Housing Administration) 203K loan.   This loan is available only to buyers who are buying a house to live in themselves, so flippers [...]

]]> By: Get Real Tacoma » Blog Archive » Bank Owned Homes and Foreclosures in Tacoma http://www.getrealtacoma.com/2008/11/foreclosure-terminology/#comment-39 Get Real Tacoma » Blog Archive » Bank Owned Homes and Foreclosures in Tacoma Thu, 29 Jan 2009 23:23:54 +0000 http://www.getrealtacoma.com/?p=271#comment-39 [...] of my buyers right now are looking for houses under $200,000, the majority of those houses were Foreclosed Homes, owned by a [...] [...] of my buyers right now are looking for houses under $200,000, the majority of those houses were Foreclosed Homes, owned by a [...]

]]> By: Marguerite http://www.getrealtacoma.com/2008/11/foreclosure-terminology/#comment-8 Marguerite Mon, 01 Dec 2008 20:49:33 +0000 http://www.getrealtacoma.com/?p=271#comment-8 Sorry to hear about that, Tinman. It's a good question, and it depends a bit on the bank you are working with. Here is a <a href="http://www.mortgagenewsdaily.com/wiki/Short_Sale_Credit.asp" rel="nofollow">link</a> that I think explains it pretty well. I refer Short Sale Clients to an agent in my office who specializes in Short Sale Negotiations, that is all he does. These kinds of agents know how to protect you and work hard to negotiate with the bank so they will mark your credit report "Paid As Agreed". If your agent has employed a short sale negotiation specialist (which a lot of agents in Washington are doing these days due to the <a href="http://www.atg.wa.gov/hb2791faq.aspx" rel="nofollow">Distressed Homeowner Law</a>) hopefully they will be working on this for you. Check with your agent, and make sure they know your concerns. Sorry to hear about that, Tinman. It’s a good question, and it depends a bit on the bank you are working with. Here is a link that I think explains it pretty well.

I refer Short Sale Clients to an agent in my office who specializes in Short Sale Negotiations, that is all he does. These kinds of agents know how to protect you and work hard to negotiate with the bank so they will mark your credit report “Paid As Agreed”. If your agent has employed a short sale negotiation specialist (which a lot of agents in Washington are doing these days due to the Distressed Homeowner Law) hopefully they will be working on this for you. Check with your agent, and make sure they know your concerns.

]]> By: tinman http://www.getrealtacoma.com/2008/11/foreclosure-terminology/#comment-7 tinman Sun, 30 Nov 2008 06:26:34 +0000 http://www.getrealtacoma.com/?p=271#comment-7 I am going through a short sale currently, and it is not easy. Would you know how long it will effect my credit? I am going through a short sale currently, and it is not easy. Would you know how long it will effect my credit?

]]>