The Lenders Wish List of Borrower Concessions on a Loan Modification

To give you an advantage when working out a loan
modification with a lender, I am going to share the lenders wish list of borrower concessions they seek.
Understanding what a lender wants in a loan modification
will help you better prepare and have more success
working out a loan modification.

Before a lender agrees to modify a loan agreement,
they will want as many concessions from the borrower
at they can reasonably get. These concessions are
negotiable based on each unique situation. Following
is a standard list of borrower concessions:

Lender Wish List of Borrower Concessions

• Additional collateral
• Personal Guaranties
• Principal reduction
• Cash infusion to cover operating cash shortfalls
• Capital reserve account
• Escrow taxes and…

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Snoqualmie Real Estate Market Showing Signs Of Emerging From The Slump

Taken from the LivingSnoqualmie Blog: http://livingsnoqualmie.com/2012/04/02/snoqualmie-real-estate-market-showing-signs-of-emerging-from-the-slump/

Posted on April 2, 2012 by jd3mccall

This guest blog is courtesy of Laura Flodin.  She is a friend, past neighbor and Snoqualmie real estate agent with The Cascade Team.  There is finally some good news to report about the local real estate market.  Read on…

Things are looking brighter in the Snoqualmie Real Estate Market. Over the past month or so, market activity is higher and more positive than it has been in several years.  It is a combination of limited inventory, a good pool of buyers with a restored faith in the market and, of course, low interest rates.

Two weeks ago my neighbors sold…

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Simply Beautiful Snoqualmie Ridge Home - Short Sale

Property Website

Priced at $335,000

Bedrooms: 3 Bathrooms: 2.5
Home Size: 1,761 sq.ft. Garage: 2
Lot Size: 3,761 sq.ft. Community: Snoqualmie Ridge

County: King Property Type: Single Family Home
Year Built: 2000 MLS Number: 338671 Property Description Simply a beautiful home with a graceful floor plan that includes neutral colors and hardwood floors. The main floor features a formal dining room, an open eat-in kitchen and family room that features a striking stone fireplace. The upper level features 3 bedrooms that includes the master bedroom. The five-piece master bath is fully tiled. Upgrades throughout the home include slab granite kitchen counter tops with cast stone sink, stainless steel appliances, under cabinet lighting, tank-less hot water…

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Carlsbad Homes For Sale - Real Estate Update

As of Monday April 2nd, 2012, the median price for a single family residential Carlsbad home has increased dramatically to $678,490 with an average of 137 days on market, up 6 days from last weeks report.  Days on market have held fairly steady over the last few weeks, however only 34% of all listed properties who had a price decrease in the last seven days, while 5% of the homes had price increases.  Inventory levels have been relatively consistent given the current sell through rate, and overall days on market are trending downward.  Recently, the seven day moving price average recently made a strong move up away from the 90 day moving average, which would suggest that price stabilization is starting and short term prices are on the rise in the Carlsbad…

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How Do Men, Women Make Home Buying Decisions?

While the price of a home and its square footage are important factors in judging a home, women and men also base their decision largely on how they “feel” and whether the home fits their lifestyle, according to a new survey conducted by Coldwell Banker Real Estate.

The survey of 1,000 men and women found that the sexes don’t differ too much when it comes to sizing up a home to buy.

For more than a quarter of home buyers, the home’s “feeling” has to be just right to make them want to buy. Twenty-eight percent of women and 25 percent of men put more emphasis on their feelings about a home than they do the square footage, price, or even the layout, according to the survey.

The survey…

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5 Reasons Why Homeowners Shouldn’t Appear in Listing Photos - Sunday Real Estate Funny!

Everyone knows a homeowner shouldn’t stick around for a showing or an Open House. Based on these 5 real estate photos, maybe they should stay out of the listings, too!

Thanks to the website "Hooked on Houses" for the photos.

#1. “I’ll just take a little swim while they photograph my house…”

#2. “Hope you like to hunt!”

#3. “We’ll be outta here as soon as our show’s over.”

#4. “Are you done taking pictures of my house yet?”

#5. The photographer appears to be shirtless in the mirror, but the homeowners in the next room don’t seem to mind…

More Technology, Service & Marketing

Welcome to The Cascade Team Real Estate. We pride ourselves in the fact that we provide more technology, more service and more marketing to get your…

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Upgraded Lynnwood Townhome for Sale

Property Website

Priced at $157,950

Bedrooms: 3 Bathrooms: 2.5
Home Size: 1,145 sq.ft. Garage: 1
County: Snohomish Property Type: Condo, Townhome

Year Built: 1995 MLS Number: 337293 Property Description You will fall in love with this recently upgraded townhome. This home greets you with hardwoods on the main floor, open concept design to the kitchen and living room with a cozy fireplace and views to the nice patio. Your newly remodeled kitchen has high grade granite counters with stainless appliances and new light fixtures. Your master suite has new paint and nice master bath and walk-in closet. 2 more good-sized bedrooms upstairs plus full bath. Attached garage and only 11 units in the complex. Close to freeways and retail.

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30-Year Mortgage Rates Slide Back Below 4%

Mortgage rates were down across the board this week compared to last week, according to Freddie Mac’s weekly mortgage market survey.

After posting a big jump last week, 30-year mortgage rates were back below the 4 percent mark this week, offering another boost in home affordability for buyers.

Here’s a closer look at rates for the week ending March 29.

• 30-year fixed-rate mortgages: averaged 3.99 percent, with an average 0.7 point, falling back from last week’s 4.08 percent average. A year ago at this time, 30-year rates averaged 4.86 percent.
• 15-year fixed-rate mortgages: averaged 3.23 percent, with an average 0.8 point, also slipping from last week’s 3.30 percent average. Last…

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Study: Talking Over Phone No Longer Popular Way to Chat

According to a new study, people say they are more likely to reach out to their friends and family via text messages or e-mail than a voice phone call from a mobile or landline phone, according to the study conducted in March by Nokia.

Twenty-one percent of survey respondents said they preferred to send an SMS text message to contact someone; e-mail was the second preference, at about 18 percent. Meanwhile, 17 percent of respondents said they prefer a voice call from their mobile phone.

Messaging services like WhatsApp, Skype, Twitter, and instant messengers were all found…

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Real Estate Ads ‘Hijacked’ Online in Scams

Scammers are increasingly taking actual online listing ads of homes for sale from real estate agents’ sites and reposting them on sites such as CraigsList as rentals, duping a growing number of renters.

Tug Pierson, a RE/MAX real estate professional in Indiana, says he learned of one of his for-sale listings being used in a rental scam, reposted online several times throughout the Internet.

Another real estate agent, whose listing was also reposted as a rental, says he learned of it when an unsuspecting renter contacted him to say he was at the house with a truck of furniture ready to…

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