Comments on: Short Sales, Distress Properties, Foreclosures and REOs http://www.barnettassociates.net/short-sales-distress-properties-foreclosures-and-reos/ Barnett Associates Real Estate, LLC serves the greater Snohomish County region with real estate services for buyers and sellers. Sun, 14 Mar 2010 18:52:15 -0600 hourly 1 By: Toby Barnett http://www.barnettassociates.net/short-sales-distress-properties-foreclosures-and-reos/#comment-962 Toby Barnett Tue, 19 May 2009 21:40:26 +0000 http://www.barnettassociates.net/?p=983#comment-962 As far as my knowledge goes, a buyer assumes all liens when buying a home at a auction. It is definitely important to research the title on any home you may be thinking about purchasing. It would be bad news to get stuck with a large lien that a previous owner accumulated. As far as my knowledge goes, a buyer assumes all liens when buying a home at a auction. It is definitely important to research the title on any home you may be thinking about purchasing. It would be bad news to get stuck with a large lien that a previous owner accumulated.

]]> By: Interested to Know http://www.barnettassociates.net/short-sales-distress-properties-foreclosures-and-reos/#comment-961 Interested to Know Tue, 19 May 2009 18:03:58 +0000 http://www.barnettassociates.net/?p=983#comment-961 When a buyer is buying at a trustee sale/auction. Is the winning bidder responsible for Homeowner's Association Liens from past due dues? The CC&R's for this community have left it open for current laws. What is the current laws on this issue. What type of liens is a buyer responsible for when they buy a foreclosure in Washington State? When a buyer is buying at a trustee sale/auction. Is the winning bidder responsible for Homeowner’s Association Liens from past due dues? The CC&R’s for this community have left it open for current laws. What is the current laws on this issue. What type of liens is a buyer responsible for when they buy a foreclosure in Washington State?

]]> By: Toby Barnett http://www.barnettassociates.net/short-sales-distress-properties-foreclosures-and-reos/#comment-956 Toby Barnett Fri, 13 Feb 2009 01:08:19 +0000 http://www.barnettassociates.net/?p=983#comment-956 I think communication and timing is far more critical with short sales than agents are used to dealing with. Have to be Johnny-on-the-Spot with them in my opinion. I think communication and timing is far more critical with short sales than agents are used to dealing with. Have to be Johnny-on-the-Spot with them in my opinion.

]]> By: John Wahl http://www.barnettassociates.net/short-sales-distress-properties-foreclosures-and-reos/#comment-955 John Wahl Wed, 11 Feb 2009 23:12:24 +0000 http://www.barnettassociates.net/?p=983#comment-955 I have heard that it takes at least 90 days to get a short sale closed and on top of that you have the buyer trying to get a loan for the property and that has become increasingly more difficult. Some agents I speak to say all they are doing right now are short sales and others don't want to touch them. I have heard that it takes at least 90 days to get a short sale closed and on top of that you have the buyer trying to get a loan for the property and that has become increasingly more difficult. Some agents I speak to say all they are doing right now are short sales and others don’t want to touch them.

]]> By: Toby Barnett http://www.barnettassociates.net/short-sales-distress-properties-foreclosures-and-reos/#comment-954 Toby Barnett Mon, 09 Feb 2009 18:05:11 +0000 http://www.barnettassociates.net/?p=983#comment-954 From talking with other agents in the area there seem to be quite a few short sales closing but the actual statistic I am afraid I do not know. I closed one back in December that was 2 days away from going into foreclosure. With the banks taking longer to respond than a normal seller I wonder if that is a major contributing factor to short sales not closing. From talking with other agents in the area there seem to be quite a few short sales closing but the actual statistic I am afraid I do not know. I closed one back in December that was 2 days away from going into foreclosure. With the banks taking longer to respond than a normal seller I wonder if that is a major contributing factor to short sales not closing.

]]> By: Burien Undressed » Blog Archive » January Real Estate Stats in Burien http://www.barnettassociates.net/short-sales-distress-properties-foreclosures-and-reos/#comment-953 Burien Undressed » Blog Archive » January Real Estate Stats in Burien Sun, 08 Feb 2009 02:02:39 +0000 http://www.barnettassociates.net/?p=983#comment-953 [...] 11 residential homes were sold, 2 condos in January.  A few of the smaller homes that sold were actually priced less that one of the condos.  But the lowest price sold was a condo just under 100k with over 1000 sq. ft.  to offer.  None of these homes sold were a short sale or property in distress. [...] [...] 11 residential homes were sold, 2 condos in January.  A few of the smaller homes that sold were actually priced less that one of the condos.  But the lowest price sold was a condo just under 100k with over 1000 sq. ft.  to offer.  None of these homes sold were a short sale or property in distress. [...]

]]> By: Charles Richey http://www.barnettassociates.net/short-sales-distress-properties-foreclosures-and-reos/#comment-952 Charles Richey Fri, 06 Feb 2009 22:54:02 +0000 http://www.barnettassociates.net/?p=983#comment-952 Toby, I'm curious as to the percentage of short sales that actually close escrow there. Here in Las Vegas, its only about 10%. Most end up in foreclosure. Toby, I’m curious as to the percentage of short sales that actually close escrow there. Here in Las Vegas, its only about 10%. Most end up in foreclosure.

]]> By: What Does REO Stand For? http://www.barnettassociates.net/short-sales-distress-properties-foreclosures-and-reos/#comment-959 What Does REO Stand For? Tue, 03 Feb 2009 20:11:16 +0000 http://www.barnettassociates.net/?p=983#comment-959 [...] Short Sales, Distress Properties, Foreclosures and REOs [...] [...] Short Sales, Distress Properties, Foreclosures and REOs [...]

]]> By: Toby Barnett http://www.barnettassociates.net/short-sales-distress-properties-foreclosures-and-reos/#comment-958 Toby Barnett Tue, 03 Feb 2009 18:56:12 +0000 http://www.barnettassociates.net/?p=983#comment-958 Hi Richard, from what I have heard bank reps do not understand much and from <a href="/all-about-washington-state-foreclosures/" rel="nofollow">others experiences</a> they are going through the same thing. Getting through the process reasonably is probably the last thing in the minds of bank reps. I personally think they are just their to collect a pay check and not do their job and help people find remodification solutions or another type of solution. Instead bad records are kept and files are spread out. My friend who has been having problems with bank reps discovered through his own investigation that the reps handling his case has been sending the wrong information on who to contact. How can a person confused Chase with Wells Fargo? Hi Richard, from what I have heard bank reps do not understand much and from others experiences they are going through the same thing.

Getting through the process reasonably is probably the last thing in the minds of bank reps. I personally think they are just their to collect a pay check and not do their job and help people find remodification solutions or another type of solution. Instead bad records are kept and files are spread out.

My friend who has been having problems with bank reps discovered through his own investigation that the reps handling his case has been sending the wrong information on who to contact. How can a person confused Chase with Wells Fargo?

]]> By: richard stabile http://www.barnettassociates.net/short-sales-distress-properties-foreclosures-and-reos/#comment-957 richard stabile Tue, 03 Feb 2009 01:19:17 +0000 http://www.barnettassociates.net/?p=983#comment-957 Very weel written. I wish some more banker reps, understood this better. I wish the banks would move more expeditiously to clear their books. It would save them money by not wasting time without paymnents and declineing prices. It would also get more bids if buyers felt they would get though the process reasonably. Very weel written. I wish some more banker reps, understood this better. I wish the banks would move more expeditiously to clear their books. It would save them money by not wasting time without paymnents and declineing prices. It would also get more bids if buyers felt they would get though the process reasonably.

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