Archive for the REOs Category

Buyer Beware – “great deals” may come with other “issues”

ARDELL on 10 22, 2009 | 5 Comments

Buyer Beware -

When you get the opportunity to buy a house "worth" over a million dollars, for fifty to seventy cents on the dollar, you have to ask yourself if you can "afford" it before you say WooHoo! #1 -  

Read More

Notice of Trustee Sales v. Trustee Deeds

Jillayne Schlicke on 07 1, 2009 | 13 Comments

Each month, Alan from Seattle Bubble religiously posts the Notice of Trustee Sale (NTS) numbers for King County. I'm very appreciative of his work because it saves me time each month so thanks again

Read More

Why are Banks Setting the Opening Auction Bid Below The Principal Balance?

Jillayne Schlicke on 05 1, 2009 | 69 Comments

I attended a foreclosure auction in Bellevue, WA last week to discover if the rumor was true that banks are opening their bids below the amount owed.  I received confirmation from three professional

Read More

Short Sales and REOs to Finally Become a Search Field in the NWMLS

Jillayne Schlicke on 04 13, 2009 | 15 Comments

Courtney Cooper broke the news on Easter.  The Northwest MLS has voted to add a required field: "Third Party Approval Required" and "Bank/REO Owned." From the NWMLS (no link):    "NWMLS is exc

Read More