In the previous articles we introduced this ‘Now What Do I Do?’ series, and discussed Option 1 – Sit Tight in the first article. Then we discussed some options you might pursue if you didn’t have the income or the savings to be able to continue to make your mortgage payment: Option 2 – Loan Modification, Option 3 [...]
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My Mortgage is Underwater. Now What Do I Do? . . . Option 4 – Deed in Lieu of Foreclosure
In the previous articles we introduced this ‘Now What Do I Do?’ series, and discussed Option 1 – Sit Tight, Option 2 – Loan Modification, and Option 3 – Short Sale.
If you really can’t make your mortgage payment, not even reduced ones, and you’ve tried to do a short sale and it hasn’t worked, then maybe by [...]
April ’10 – Reiling’s Real Estate Market Report – Greater Seattle / Bellevue / King County Area
Real Estate Market Overview:
Our Greater Seattle residential real estate market is jumping! But perhaps just temporarily until the tax credits expire – they only apply to transactions signed by April 30 and closed by June 30. Then we’ll see if the economy has picked up enough to keep things going.
The number of Closed Sales [...]
March ’10 – Reiling’s Real Estate Market Report – Greater Seattle / Bellevue / King County Area
Real Estate Market Overview
Our Greater Seattle residential real estate market is continuing to look solid on a price basis, and is sneaking up on a whole year at essentially the same stable price level. However, the hopeful blip in condominium prices last month didn’t hold up, and condo median prices are back to their December level - [...]
Predicting the Housing Market Recovery
When people ask me “How soon are home prices around here going to recover?”, I have been saying that I don’t think they will really start to ‘recover’ for at least 3 to 4 years.
The question usually comes from someone who wants to sell, but is having a hard time dealing with the fact that [...]
February ’10 – Reiling’s Real Estate Market Report – Greater Seattle / Bellevue / King County Area
Real Estate Market Overview
Our Greater Seattle real estate market is continuing to look solid on a price basis, and continues to show the usual seasonal inventory patterns through the beginning months of the year. The level of Closed Sales, i.e. purchase transactions completed, continues to be seasonally strong. Closed sales levels for single family homes [...]