We know that the possibility of short selling your home can be a hard decision to make. That's why we created the Short or Stay Calculator to help you crunch the numbers.
Investors in the Short Sale Market
Hey there I’m Jesse Moore and this is Fred Bauscus with Pickett Street Properties. We are one of Seattle’s leading short sale teams. Today we wanted to talk about investors. We are in the final quarter of 2012 and the market in the Seattle area has been strong this year. Inventory has been low so the pressure on those listings has been a lot higher. So listings are going on the market right away. It’s also driving investors into the marketplace. I feel like we have a unique value proposition for investors and for short sellers in that because we service both types of...
Read MoreBank of America Short Sale Hurdle Teaches Valuable Lesson On Getting Approval Letter
Hello everyone Jesse Moore here with Pickett Street Properties in Seattle, where we are redefining real estate, thank you for your time today. Our team of short sale experts are working with Seattle homeowners every day to find the best alternatives to foreclosure and use this blog to share our knowledge and experience. If your mortgage is currently underwater or if you have seen the value of your home greatly diminished please take a minute to browse my website or call my office today to learn how Pickett Street Properties can help you with your real estate needs. For my blog today I wanted...
Read MoreAnother Successful Short Sale Completed With Pickett Street Properties
Hello there this is Jesse and Fred with Pickett Street Properties in Seattle. We have a short sale property closing today; it’s always nice to close on a home, but it’s especially nice to close on a short sale. This home has been on the market since the spring. It was a home that was purchased at the height of the real estate market and has two liens against it. The homeowner actually moved out of state and had rented it for a few years but felt that it was now time to short sale. The first lien holder was Central Mortgage, the second lien holder was Bank of America and the...
Read MoreSeveral Mortgage Insurance Companies Unite to Improve the Short Sale Process
Hey there I’m Jesse Moore and this is Fred Bauscus with Pickett Street Properties. We are one of Seattle’s leading short sale teams. Today we are going to talk about mortgage insurance. In the short sale process, let’s say you bought your home for $300,000 and you put anywhere from 3% to 15% down on the home. That loan was required to have mortgage insurance and now you are trying to sell that home you bought for $300,000 for $200,000. The way that works is let’s say you pay Bank of America your mortgage check and that note is owned by Fannie Mae. We have to get...
Read MoreWhat Are Streamlined Short Sales and How Will this Affect the Short Sale on my Home?
Hey there I’m Jesse Moore and this is Fred Bauscus with Pickett Street Properties. We are one of Seattle’s leading short sale teams. Today we are here to give you updates on more what I would consider national changes to short sales. The next one we are going to talk about is the streamlined short sale process. Freddie Mac and Fannie Mae have streamlined the short sale process for borrowers who are current on their mortgage. This does provide more of an opportunity to have a short sale if you are facing a hardship. If you are behind it will make the process smoother with less...
Read MoreShort Sale Success With Central Mortgage And Bank Of America
Hi we’re Jesse and Fred with Pickett Street Properties in Seattle. We’re one of the leading short sale teams in the Seattle area so we’d like to encourage you to reach out to us if you need help with or information about doing a short sale on your home. We wanted to tell you about a recent success that we’ve had lately. Short sales have gotten a lot harder towards the end of this year than they were at the beginning of it. We had a listing in the Central District that was put up for sale quite awhile ago. We got an offer, pushed it through and submitted it. The first...
Read MoreZillow Website Updates Affect Homeowners Facing Foreclosure
Hello this is Jesse and Fred with Pickett Street Properties in Seattle one of the leading short sale and real estate teams in the area. Zillow made some changes to their website yesterday that could be interesting to see what the impact is. What they’ve done is announce that they will be publishing foreclosure data on their website. Zillow has had a feature for awhile now called Make Me Move which shows homes that are for sale or recently sold. The Make Me Move homes, which were noted with a blue icon, are basically unrealistic sellers saying that they would move for a specified...
Read MoreAbout Pickett Street
Jesse Moore, Dennis Pearce, John McCants and Jillian Farrar are Realtors with Keller Williams Realty in Bothell, WA, and are in the process of redefining real estate. Collectively the members of the Pickett Street Property Team have committed themselves to bringing revolutionary methods to a changing industry. This site is an example of that - raising awareness of the short sale process for consumers in the Puget Sound real estate market. Please check back often, leave your ideas and comments, and let us know how we can help you. 