Puget Sound Market Prices Up

Puget Sound Market Prices Up

Seattle and Eastside home prices, after brief slowdown, surge to record highs Home prices in Seattle have nearly doubled over the last five years, as the number of local homes for sale hits its lowest point on record. March 7, 2017 By Mike Rosenberg Seattle Times...
Prince Did Not Have A Will – Do You?

Prince Did Not Have A Will – Do You?

Don’t do What Prince Did. Leave a will. By Michelle Singletary Columnist At first, when I heard Prince didn’t have a will, I was sad. After all, the iconic singer, whose full name was Prince Rogers Nelson, was ferociously protective of his music and his image. He once...
Winter Gardening in Lynnwood

Winter Gardening in Lynnwood

James Robert Deal – Winter Gardening Report – March 6, 2017 Even with temperatures down to 20 degrees F. in December of 2016 and January of 2017, vegetables in my back yard survived and supplied a steady diet of healthy greens, including: Italian kale,...
The Foreclosure Train Rolls On

The Foreclosure Train Rolls On

FORECLOSURES DESTROY HOMES Mortgage modification was intended to be easy to qualify for. Anyone willing to pay up to 31% of family income should be allowed to stave off foreclosure, even if the 31% paid does not cover the actual mortgage payment. But mortgage...
Dodd Frank and Seller Financing

Dodd Frank and Seller Financing

If you sell your property on seller financing, you must comply with Dodd Frank restrictions on seller financing. These restrictions apply if the deal is a recorded wrap-around deal. Some experts say that a lease option is not a sale and that Dodd Frank does not apply....
For Sale By Owner

For Sale By Owner

The round-about in the photo above is found in downtown Edmonds, Washington, just down the hill from where we live. Sometimes we get lucky in love. We find the one we want to live the rest of our lives with. Sometimes we get lucky in real estate. We find the buyer or...
Let Freedom Ring – Song

Let Freedom Ring – Song

Alan Philiips – Let Freedom Ring   Across this land, both near and far Through out the human race, within each beating heart There is a dream whose time has come To claim our birthrights each and every one   Evil hands have intervened Controlling from the shadows,...
Door-To-Door Transit

Door-To-Door Transit

Door-To-Door Transit: The Only Solution To Our Traffic Nightmare by James Robert Deal, Attorney Traffic is bad and getting worse, and there is no solution in sight, as one would conclude from reading Eli Sanders’  “Welcome to Town, Here’s Why You’re Stuck in Traffic”...
Reverse Mortgages – Good Not Bad

Reverse Mortgages – Good Not Bad

Most Seniors Should Consider the Reverse Mortgage From Martin Andleman What’s WRONG with Richard Cordray of the CFPB? Tell Me How Can This Happen?Posted: 23 May 2014 04:15 PM PDTSo, why does Cordray make it sound like he’s describing a problem with reverse mortgages...
Zombie Foreclosures

Zombie Foreclosures

CFPB: Zombie foreclosures hurt borrowers The Consumer Financial Protection Bureau is keeping an eye on “zombie” foreclosures, which it worries cause “direct borrower harm,” according to a CFPB executive. Zombie foreclosures occur when a bank starts the foreclosure...
Force Placed Insurance

Force Placed Insurance

How to avoid getting sucked into a force-placed insurance fight CFPB enforces 5 standards. Know them. March 18, 2014  Thanks to HousingWire.com Jacob Gaffney Force-placed insurance is a controversial subject. It pulls big players such as Bank of America into big...
New Federal Rules on Foreclosure

New Federal Rules on Foreclosure

New Federal Rules on Foreclosure —By Erika Eichelberger – Thanks to Mother Jones On Thursday, the Consumer Financial Protection Bureau, the federal consumer watchdog set up by the Dodd-Frank financial reform bill, announced a new set of foreclosure-prevention...

Washington MERS Suits Fail

Judges Dismiss MERS Suits By Evan Nemeroff Two borrower-initiated lawsuits alleging that the Mortgage Electronic Registration Systems role in the plaintiffs’ deeds of trust caused them injury were both dismissed by federal judges in the Western District of...
Chapter 13 Plan Duration

Chapter 13 Plan Duration

No Minimum Time Length For The Ninth Circuit by Bankruptcy Law Network (BLN)  Written by Michael G. Doan Thanks to http://www.bankruptcylawnetwork.com/chapter-13-no-time-length-for-the-ninth-circuit-part-1-of-2/...
Modification on Rental

Modification on Rental

It is harder to get a mortgage modification on a rental property than it is on an owner occupied property. The rules are not as clear. You need a higher income to qualify for a rental modification because you have to be able to cover your home mortgage. Nevertheless,...
Rental Property Modification

Rental Property Modification

This is a rental property modification. Ocwen was the servicer, and the investor was Washington Mutual and now Chase. The owner quit paying for 20 months, and the balance rose to $254,000. The interest rate was already under 3.0%, because this was an adjustable rate...
Preferences

Preferences

What is a Bankruptcy Preference? by KENT ANDERSON on AUGUST 16, 2010 A bankruptcy preference is a transfer made shortly before the case is filed that the trustee can take back from one creditor and share with all the other creditors. The transfer must be of money or...
How Long Before I Can File BK Again?

How Long Before I Can File BK Again?

How Long Before I Can File Bankruptcy Again? There is no limit on the number of bankruptcy cases that one may file, nor on the time which must pass between filings. The only catch is that if insufficient time has past between filings, you will not receive a discharge....
Eminent Domain To Modify Loans

Eminent Domain To Modify Loans

A City Invokes Seizure Laws to Save Homes Peter DaSilva for The New York Times  Thanks to New York Times. Robert and Patricia Castillo paid $420,000 for a three-bedroom, one-bathroom home in Richmond, Calif., in 2005. It is now worth $125,000. By SHAILA DEWAN...
Solution to Zombie Loans – Condemnation

Solution to Zombie Loans – Condemnation

Mortgage investors raise alarm as eminent domain spreads By Christina Mlynski  Thanks to HousingWire.com. • June 10, 2013 • 1:07pm A number of securitization trade groups sounded the alarm when Mortgage Resolution Partners entered into contracts with two additional...
Reapply for Second HAMP Modification

Reapply for Second HAMP Modification

If you have obtained a HAMP modification and you have redefaulted, you may be eligible for a new modification under HAMP Tier 2. HAMP 2 allows a second HAMP modification if there is a new hardship. The Making Home Affordable Program was introduced in February, 2009....

Zombie Titles

The latest foreclosure horror: the zombie title By Michelle Conlin  Thanks to Reuters. COLUMBUS, Ohio | Thu Jan 10, 2013 1:58pm EST (Reuters) – Joseph Keller doesn’t expect he’ll live to see the end of 2013. He blames the house at 190 Avondale...
Calibur – Formerly Vericrest

Calibur – Formerly Vericrest

I have only modified one Vericrest loan, and that one was non-owner occupied and way underwater and with a sky high minimum variable rate. And so Vericrest agreed to a reasonable modification. Vericrest has changed its name to Calibur, perhaps to escape its bad...

Jumbo Modification

A residential property where the first loan was more than around $729,000 at the time of the default is not eligible for modification under the Making Home Affordable program. However, home owners with jumbo-size loans should not despair – especially if their...

Second Mortgage Time Bomb

Chapter 13 Bankruptcy Time Bomb: Mortgage Modification  by Eugene S. Melchionne, Connecticut Bankruptcy Lawyer One of the major benefits of Chapter 13 Bankruptcy is the ability to avoid second mortgages that are not secured by any value in your home.  By following...

To My Mortgage Modification Clients

These are general instruction as to what you can do to make your modification a success. Please report to me by e-mail and/or fax any communications you have received from your lenders. When you talk with your lenders, ask for names, phone numbers, fax numbers, e-mail...

Brook

A BROOK FLOWS THROUGH IT BUILD YOUR DREAM HOME CUSTOM CONSTRUCTION ON THIS 1.75 ACRE SECLUDED LOT VIDEO TOUR BEGINNING IN MEADOW VIDEO TOUR BEGINNING IN BACK BY BROOK SEE ALL DOCUMENTS AND PHOTOS Quiet. Rural but close in. 75,840 sq. ft. Ideal for custom construction....

Jarjour Listing

The Northwest Multiple Listing Association listing number for this property is 1003544. The address is 13817 NE 40th St Bellevue WA 98005. See everything about this beautiful home at this link, including video: https://app.box.com/v/jarjour But … Remember that...
Author

Author

What To Serve A Goddess When She Comes For Dinner Welcome To My Book I highly recommend it. I had a lot of fun writing it. My book has 464 page book. It is 8.5″ x 11″ in size. It weighs three pounds. It is a beautiful book. It comes autographed. I can autograph it...
CFPB – Consumer Complaints

CFPB – Consumer Complaints

Mortgage customers vent, lenders fume on fed hotline Sunday, July 12, 2015 PrintEmail Comments By: Kenneth R. Harney Read entire article here. WASHINGTON — Mortgage borrowers by the hundreds are lining up to vent their anger and tell their tales of woe on a federally...
Paine Field Fact Sheet

Paine Field Fact Sheet

PAINE FIELD FACT SHEET Save Our Communities (SOC) http://socnw.org/  The current Mediated Role Determination (MRD) is a long-standing, often reaffirmed County policy document – it strongly discourages, but does not prohibit scheduled commercial air service. The...
Tax on Principal Forgiviness

Tax on Principal Forgiviness

Folks underwater holding their breath Keith Harney Thanks to Seattle Times  September 13, 2014 It appears Congress will extend a tax-relief program for them, but not until after the November elections. WASHINGTON — Congress is back from its summer vacation, so the...
Better Transit – Flex Vans

Better Transit – Flex Vans

IMPROVING TRANSIT THE FLEX VAN SOLUTION OVERVIEW Community Transit could dramatically increase ridership and revenue and greatly improve the quality of service for those who do not own cars. I am talking about the flex van concept employing CT union drivers: Using...
Water Safe To Drink

Water Safe To Drink

STOP ADDING TOXIC WASTE TO OUR WATER JOIN WASHINGTON ACTION FOR SAFE WATER AND CONTRIBUTE www.WASW.org Print PDF Flier at: http://tinyurl.com/paropxr DRINKING WATER ADDITIVE LEACHES LEAD. The type of fluoride utilized in Seattle, Everett, and Tacoma, fluorosilicic...
Fiber Optic Internet

Fiber Optic Internet

What does Mount Vernon have that Snohomish County (my county) and most other counties do not? Internet speeds of 1 gigabite up and down for only $70 per month. Mount Vernon has set up a city utility company which delivers fiber optic speeds to businesses and homes....
I Help Brokers Do Seller Financed Deals

I Help Brokers Do Seller Financed Deals

I HELP BROKERS  STRUCTURE SELLER FINANCED DEALS  Brokers are licensed to write up standard transactions using multiple listing association forms. A seller financed deal requires teminology which the standard forms do not cover. There are a lot of moving parts in a...
Lease-Option Deals Open Doors

Lease-Option Deals Open Doors

LEASE-OPTION AND LEASE PURCHASE DEALS A lease-option or lease-purchase deal is a form of seller financing.  With the lease-option deal, title stays in the seller until the buyer refinances or resells or otherwise pays off the seller. The wrap-around deed of trust deal...
Legal Counsel To Buyers, Sellers, Brokers

Legal Counsel To Buyers, Sellers, Brokers

Counsel to Real Estate Buyers and Sellers Purchase and Sale Agreements Written and Reviewed by James Robert Deal, Attorney Almost everyone who buys or sells real estate in New York sees a lawyer. Few Washington buyers and sellers see a lawyer. Is this a good thing or...
Making Home Affordable Continues

Making Home Affordable Continues

HAMP continues aiding borrowers Three firms still fall short in meeting servicing goals. Thanks to Housing Wire. Kerri Ann Panchuk December 9, 2013 4:48PM Bank of AmericaCitiTreasuryHome Affordable Modification ProgramHAMPhomeownersObama AdministrationHousing...
Deceptive Practices in Foreclosures

Deceptive Practices in Foreclosures

Deceptive Practices in Foreclosures Thanks to the New York Times September 13, 2013  In early 2012 when five big banks settled with state and federal officials over widespread foreclosure abuses, flagrant violations — including the seizure of homes without due process...
Bankruptcy Timing

Bankruptcy Timing

Bankruptcy Timeline Posted on August 21, 2013 by Jonathan Mitchell  Thanks to Attorney Jonathan T. Mitchell. Caution: This timeline does not include all bankruptcy events. It is a summary description of bankruptcy and may not be accurate under all circumstances. You...
One Third of HAMP Modifications Redefault

One Third of HAMP Modifications Redefault

Three Years Later, One Third of HAMP Loan-Mods are Redefaulting Supposedly permanent loan modifications are defaulting at what the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) calls an “alarming rate”. The government’s Home...
Social Security Numbers

Social Security Numbers

Just 5 Banks Prohibit Use of Social Security Numbers By ANN CARRNS  Thanks to New York Times. Despite the risk of fraud associated with the theft of Social Security numbers, just five of the nation’s largest 25 banks have stopped using the numbers to verify a...
Banks Forgive Mostly Worthless Seconds

Banks Forgive Mostly Worthless Seconds

The Second-Mortgage Shell Game By ELIZABETH M. LYNCH   Thanks to the New York Times IN January, federal regulators announced an $8.5 billion agreement with 10 mortgage servicers to settle claims of foreclosure abuses, including bungled loan modifications and the...

Pro Bono Environmental Work

JAMES ROBERT DEAL ATTORNEY PLLC PO Box 2276, Lynnwood, Washington  98036-2276 Telephone 425-771-1110, Fax 425-776-8081 James@JamesRobertDeal.com February 15, 2013 Seattle Times Letters to the Editor PO Box 70, Seattle, WA 98111 Sent by fax to: 206-464-2261 Sent by...

More Foreclosures Coming

Where is the housing market going in 2013? Thanks to CBS News   (MoneyWatch) The housing market in 2013 stands on a precipice. While there is hope that the slow, but real, housing recovery that took hold last year will continue, fear remains that a sudden economic dip...

Stratigic Default

Giving Up and Getting Out Foreclosures are no longer a last resort, and a growing percentage of americans think it’s ok to strategically default LISA IANNUCCI Years ago, homeowners viewed foreclosure as a last resort – after all other means had been exhausted to save...

What Caused the 2007 Crash

The Trillion Dollar Mistake That Triggered the Economic Meltdown Thanks to Martin Andelman It was summer, 2006, and Fed Chair Alan Greenspan had just raised interest rates for the 17th consecutive time in an effort to cool off the over-heated U.S. housing market.  ...

GMAC Modification Makes Contractor Happy

8-31-12 VZ is a hardwood floor layer and general contractor. His business tanked when the Great Recession set in. He got behind on his home mortgage.  Payments were high at 7.8%. However, in 2010 his income was recovering. His income turned out to be a little too high...
List Your Lawsuit When You File BK

List Your Lawsuit When You File BK

What Happens When a Debtor Forgets to Schedule a Personal Injury Suit Thanks to Long Island Bankruptcy Blog Posted on Tuesday (August 21, 2012) at 3:43 pm to Bankruptcy Practice Chapter 7 Bankruptcy Personal Injury and Bankruptcy Recent Bankruptcy Court Decisions...

Successful Citi Modification

On this modification with Citi there was no principal reduction because the property was not underwater. However, the interest rate was reduced from 6.375% to 2.0% for five years, 3.0% for one year, and then 3.875% for the next 35 years. Read the details here:...

Successful EMC Modification

We have several modifications going with EMC. So far EMC seems to be reasonable to work with. Meanwhile, EMC is being sued. A young couple came to us with a 7.0% negative amortization EMC loan. We were able to negotiate an interest rate of 2.0% for five years, 3.0%...
Can I keep a credit card out of bankruptcy?

Can I keep a credit card out of bankruptcy?

Can I keep a credit card out of my bankruptcy? by Chip Parker, Jacksonville Bankruptcy Attorney http://www.bankruptcylawnetwork.com/can-i-keep-a-credit-card-out-of-my-bankruptcy/ The Bankruptcy Code requires a debtor to list all creditors in his bankruptcy schedules. ...