Seattle Real Estate

Place for real estate news and area events

My lender won’t help me! October 19, 2010

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Have you tried everything you can with your lender? Called them only to have to navigate through button after button of some voicemail system? Hoping at some point that if you hit that “0” enough times you will actually get a live person? Then “BAM” you get a real person you know the one, that says they can help you but won’t listen and leaves you even more frustrated than before your call?

Anyway, you get my point. Well, I did some digging and found a couple things that might help you. Please check them out and if you find any of this helpful let me know. Always love to hear about good things happening to the good people (you have to be good if you’re reading my blog!)

For all of you that have FHA insured loans, the good news is that your lender must follow the FHA guidelines and regulations. If they aren’t following the guidelines and giving you the service and assistance that is afforded and protected to you then do what I do. Call 888-297-8685, and put your citizen on! Don’t let anyone intimidate you, this is your home and your money, protect it and fight for it. And here is a life hint, whenever you are dealing with someone on the phone or in person always get their full name. Trust me, when you ask for someone’s name their attitude tends to improve. Don’t wait till things have got heated either, just ask up front and more often than not they will be much more helpful. And make sure you have your 13 digit FHA case number, and if you don’t have it … ASK FOR IT! Ain’t like its a secret launch code, trust me you already paid for it. Hint: it is on your loan settlement statement.

For all you VA insured customers, the first step for you is online. Go to the VA Foreclosure Alternative page. You will find so much help and assistance that you won’t know what to do with yourself. For the .0006% of you out there that internet is just not your thing, Ring up your loan service representative. Open this picture and it is the listing to every call center in the US broken down by states. Of course you could click here and it will give you the same information.0002nK.jpeg
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Finally, for all of those with conventional loans, call your HUD approved housing counselor at 800-569-4287. They love to help home owners with lenders that aren’t doing their responsibility helping you. Another number to put in your address book of life is 888-995-HOPE. This is the Homeowners Hope hotline, they specialize in helping homeowners with their lenders as well. You got some tools now, go use them and again, let me know how they help!

As always, please leave a comment. Like to hear from you!

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Improving Your Credit October 25, 2009

credit-score-chartIf you are thinking of purchasing a new home or refinancing soon, your credit score will play a large role in not only whether or not you qualify but also how high your payments will be. Credit awareness is your first step.

To review your credit report, visit www.annualcreditreport.com. If you find any errors, work to fix them as soon as you can.

Your credit score is determined by several factors: Do you pay on time? Do you owe money on your credit cards? Have you used credit recently? Are you applying for numerous new cards? What kinds of credit have you used?

Essentially, lenders are looking for a consistent pattern of on-time payments. If you don’t already pay all your bills on time, now is the time to start.

Your score is also affected by your debt to income ratio. So you can work to raise your income or you can work to decrease your debt. Whichever path you choose, paying down maxed out cards is a good place to start.

Overall stability helps boost your credit score as well. Changing residences or jobs frequently can put a ding in your score.

If you are planning to apply for a home loan in the near future, avoid other big purchases like cars or boats.

If you’d like more tips on improving your credit, please let me know. I can put you in touch with a consultant who can work with you to help improve your credit score.

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Legislature approves loan program to give home-buyer credit early April 29, 2009

Legislature approves loan program to give home-buyer credit early: “”

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Seattle Housing Buzz » NAR proposals FHA enhancements April 2, 2009

Filed under: Economy,Mortgage Information — Rolland @ 9:29 pm
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Our own Lennox Scott, on the hill testifying.

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Seattle Housing Buzz » NAR proposals FHA enhancements: “”

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Mortgage applications surge 32.2 percent March 27, 2009

Filed under: Economy,Good News,Mortgage Information — Rolland @ 3:32 pm
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Wonder where the bottom is?  Found it!


U.S. mortgage applications jumped last week as record low interest rates spurred a surge in demand for home refinancing loans, data from an industry group showed on Wednesday.

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Corporate meltdown leaves renters in limbo March 24, 2009

John L. Scott Real Estate, WA, OR, ID

It is sad when people get run over and railroaded.  The emotional toll spills over into their finances, and leaves people mentally on the down side of things.  Everyday people are losing jobs, cars, homes, valuables.  No doubt this has left many with the feelings of no self worth, embarrassed, and simply lost.  Add on top of that all the negativity in the news, day in and day out, and the stench is like the top of a trash can festering.

When I was a kid, I got to spend a summer with my grandparents.  I adored my grandmother, she was simply perfect.  One day she had a chore for us, clean out the trash cans.  Now, imagine what a trash can in June in Phoenix, Az., must have smelled like it was not nice!  But, we turned it on its side and we used a hose and sprayed it inside and out.  We got all the “big stuff” out first.  It came off pretty easy and it also made the next step much easier.  We got out the scrub brush (with a long handle) and some soapy water and scrubbed it clean.  When we set it upright, amazingly it didn’t smell anymore.

Life right now is pretty much like cleaning out that trash can.  Do you think your life is full of nasty problems that can’t be cleaned?  The credit report isn’t what it used to be or never what you wanted?  Do you feel as though you have no hope and no one out there to help?  Nothing could be further from the truth.  There are over 100 mortgage programs out there that you can qualify under.  Some need stronger work history and lower credit score, while others are geographical based and need no money down.  The list is very long and one of them is right for you!  The first step is to decide for yourself: are you going to allow your fear to dictate to you what your security and stability should be?  This is your year, lets work together to get you into your dream.

Rolland Lawrenz
206-963-4307
rollandlawrenz@johnlscott.com
www.johnlscott.com/rollandlawrenz

Chandler, Ariz., police officers confront residents of the Alante at the Islands apartment complex last week at a meeting called to discuss what the renters would do next.

Irvine, Calif.-based Bethany Holdings Group and affiliated companies abandoned dozens of large apartment complexes across the nation, potentially affecting tens of thousands of renters. Msnbc.com’s Kari Huus reports.

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“the bottom of the housing downturn is in sight for the nation.” February 17, 2009

Filed under: Economy,Good News — Rolland @ 6:48 pm
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This article is bringing great news to us all. Take a moment and check out this article by clicking the link. As always, please leave your comments here!

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Realty Times – Real Estate Outlook: Bottom in Sight?: “‘the bottom of the housing downturn is in sight for the nation.'”

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