Ken Crotts's (kencrotts) Blog

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Real Estate Agent - eXp Realty - 7922
RECENT BLOG POSTS
This happens too often but this house is special. Kempton Downs in Sammamish is one of those neighborhoods you hardly ever get a chance to get into. Now I have an approvaed short sale for about $100,000 less than the next lowest sale in over a year Ken Crotts | Windermere RE/Maple Valley | (206) ...
06/14/2010
I've only been doing short sales for a couple of years but have noticed a disturbing trend as of late. When I started doing shorts the 2nd lien holders were typically getting 10% of their balance approved by the first. Later on that went down to 5%, and more recently with direction from Fannie Ma...
04/14/2010
Automated home valuation web sites offer the promise of a free market value for your home without the hassle of having an agent spend hours of your time during a free CMA presentation. I think they are great, and more than a little addictive once your start logging into the site and popping in t...
04/05/2010
Many of the loan modifications in process are running into challenges when the second mortgage holder is asked to cooperate. Homeowners trying to stop foreclosure in Maple Valley are having success with their first lien holders just to find out that the second mortgage holder is refusing to coope...
03/29/2010
Booking an airline flight is an exercise in the trade offs in value. For those who are value conscious they can fly stand by and get the least certainty of achieving their goal of arriving at their destination on time. In the middle of the value spectrum is coach where your seat is (relatively) ...
03/26/2010
The debate over banking reform rages as President Obama's efforts to reign in the "too big to fail" institutions are endlessly debated. Capitalism vs. over reaching government is the debate of the day. A comment on the topic by a friend brings some focus to me as to why I became a Short Sale Spec...
01/23/2010
While watching President Obama's news conference I found myself feeling a deep sense of satisfaction. The President outlined a new tax on large banks who he referred to as being the primary cause of the current economic crisis. With news reports of multi million dollar bonuses being paid out to ...
01/14/2010
Loan Modifications are supposed to allow a borrower to redeem themselves and regain their financial footing long enough to survive their hardship. Short sales are supposed to help lenders reduce their losses and help homeowners stop foreclosure. These transactions make up a significant percentage...
01/11/2010
The National Short Sale Center sent out a notice 3 days before Christmas that they are closing up shop.This is going to leave a significant number of homeowners who are currently in process with NSSC out in the cold after having wasted precious months trying to avoid foreclosures by relying on th...
12/28/2009
We are currently in the process of completing a short sale with one of the lending industries giants, Wells Fargo. This is a tale of the beauricratic morass that gives rise to the to the question, "Too big to fail or too big to succeed?". Take a nice one story house in a well known neighborhood t...
12/17/2009
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