2014 Conforming and FHA Loan Limits for Greater Seattle

Conforming and FHA loan limits for 2014 have recently been released. Conforming loan limits will remain the same as 2013. However, FHA loan limits are being lowered in 2014 from $567,500 to $506,000 for a single family dwelling.  The 2014 FHA loan limits are effective with case numbers obtained January 1, 2014 through December 31, […]

R.I.P. David Losh

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Just heard the news that my friend, David Losh, passed away. I’m still a bit shook up about it. You will be missed, David. You will be missed. A Recitation of the Rosary will be Tuesday, October 22nd at 7 PM Hoffner Fisher and Harvey Chapel 508 N. 36th St, Seattle Mass of Christian Burial […]

Small Business Funding Event Coming to Seattle

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Hey RCG Community!  I’m super-excited that I’ll be returning to Seattle for an Access to Capital event that Dun & Bradstreet Credibility is hosting this Nov 12. The event is all about helping small businesses get the money they need to grow their businesses. We’ve been running these events all over the country (Los Angeles, […]

Home Prices Are Coming Down

home prices correcting

Home prices are beginning to trail down toward year end with an abrupt 5% decline in the last 30 days. While we are still at 12% increase for the year following the downturn, this is more than merely seasonal change, in my opinion. Every year has a “Spring Bump” that usually does not sustain at […]

And I thought the NY Times was authoritative…

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Having gone to college in NYC, I was indoctrinated at a relatively young age into believing that the New York Times was the “paper of record,” a bastion of journalistic integrity, a font of inestimable wisdom.  Today, I grew up.  I’ve seen the light.  I now recognize the New York Times for what it apparently […]

Home Buyer Education Seminars

Young Couple With New House

I am teaching two Home Buyer Education Classes this month sponsored by the Washington State Housing Finance Commission.  Anyone who is interested in buying a home can attend – our class is not limited to first time home buyers. Home buyers who are interested in programs offered through the Washington State Housing Finance Commission, such […]

Real Estate Negotiation Skills: What Are They And Who Has Them?

The Negotiator

It’s not hard to find real estate agents who hold themselves out as “expert negotiators.”  There is even a certification – Certified Negotiation Expert, or CNE – that agents can obtain to further enhance their skills and reputation.  But really, what makes for a great negotiator when buying or selling real estate?  And who has […]

BofA HAMP Loan Mod Program: A Giant Fraud at Homeowner’s Expense

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Earlier this morning, I came across a very interesting statement made by a BofA employee in a lawsuit against the bank regarding its “participation” in the Home Affordable Modification Program (HAMP).  A “declaration” is a statement made under penalty of perjury and is commonly used in litigation to give facts (typically from a witness) to […]

How to Strengthen Your Offer when there are Multiple Potential Buyers

Money in a Jar

This is not legal advice, and you should not rely upon it.  For legal advice, consult an attorney, not a blog. [This post was updated 4/22.  New paragraph below.]  In today’s low-interest-rate, low-inventory, recovering-from-the-bubble housing market, there are more buyers than there are sellers.  This leads to routine instances of multiple offers, where only one buyer […]

How and Why CASH Infusion Fuels a Housing Recovery

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Removing the Must Appraise Clause. BEFORE you as a buyer of a home agree to “remove the must appraise clause” you need to know that means more cash from you the buyer of an undetermined amount. You also need to know the Finance Contingency does not usually cover not having enough Cash to Close. Cash […]