David Monroe's Real Estate Blog

We’ve all seen the horror stories relating to short sales, and some of us have experienced them.  As a short sale specialist, I often times find myself questioning the logic of banks. The government has even stepped in on occasion, passing legislation and proposing guidelines that are supposed to...

I specialize in short sales, and I’ve observed many actions by banks that seem to defy logic.  This particular experience is no exception. A while back, I had a short sale listing that was being negotiated with the bank at $300,000.  The buyer ended up backing out right before we received the sho...

If you were asked who your lender is—who actually owns your mortgage, what would your answer be?  Your mortgage statement may come from Wells Fargo, Aurora Loan Services, Select Portfolio Servicing, or some other lender, so they must own the loan, right?  It’s easy to assume that the company list...

Home for Sale in Seattle, Washington - Broadview near Carkeek Park 1202 NW 119th St, Seattle, WA 98177     MLS # 29163823  $435,000 For more information, contact me at 206-905-8590, or visit my website at www.sellnorthwesthomes.com.     (More photos below.) Home for Sale in Seattle, Washington - ...

Home For Sale in Kirkland, Washington - Juanita Beach **This home has been sold 9375 NE 120th Pl, Kirkland WA     MLS # 29120874  $369,500 For more information, contact me at 206-905-8590, or visit my website at www.sellnorthwesthomes.com. (More photos below.) Home for Sale in Kirkland, Washingto...

Home For Sale in Snohomish, Washington - The Falls / Gold Creek **This home is temporarily off the market** 14716 64th Ave SE, Snohomish, WA     MLS # 29113789  $394,500 For more information, contact me at 206-905-8590, or visit my website at www.sellnorthwesthomes.com. (More photos below.) Home ...

Stop Foreclosure in Seattle, Washington.  There are many real estate agents and investors offering to help stop foreclosure in Washington State.  Have you been approached by an investor claiming that they can help you stop foreclosure? The general concept is that the investor will help you stop f...

Last month, I posted a blog entry questioning the practicality of the "Produce the Note" strategy for stopping or delaying foreclosure in non-judicial foreclosure states like Washington, Oregon, and California.  Since that time, people have contacted me and explain why, in theory, the stategy sho...

Do you qualify for a short sale? You may have determined that you wouldn’t be able to sell your house for a high enough price to pay off the existing mortgage(s), and you’re now considering a short sale. You may be in foreclosure or just one or two payments behind, or maybe you’re current on your...

Is a deed in lieu of foreclosure a viable alternative to foreclosure?  I don't usually spend a lot of time discussing the deed in lieu of foreclosure option, because it isn't used very often for homeowners in Washington State, but several people have asked me about it recently, so I thought it wo...