shortsale: Buying a Home Foreclosed or ShortSale are not the Best Deal - 01/05/12 01:38 PM
Buying a Home Foreclosed or ShortSale are not the Best Deal Often times new homeowners want to get a great deal  buying a Foreclosed or Shortsale home, sometimes and more often than not, this is a bad choice, although the price is very tempting, there are many hidden flaws to making a purchase such as this as a new or novice investor. Scenario A.  A homeowner is in default with their home monthly payments and need to sell their home. They initially paid $300,000 for their home at the inflated 2004-2006 prices, it's now worth $180,000 in today's market which values continue to dip. Their agent … (1 comments)

shortsale: How to Avoid Foreclosure in the New Year 2012 - 01/02/12 02:21 PM
How to Avoid Foreclosure in 2012

Avoid Foreclosure in 2012
Under the Obama Administration, the U.S. Treasury Department and HUD, are providing a number of programs to assist homeowners who are at risk of foreclosure and struggling with their mortgage payments. 
Distressed homeowners Should contact their lenders and loan servicers directly to inquire about these foreclosure prevention options that are available.
The Making Home Affordable © (MHA) ProgramwhereHomeowners can lower their monthly mortgage payments and get into more stable loans at today's low rates. some at staggeringly low rates of 2.75%.
Home Affordable Modification Program (HAMP): HAMP lowers your monthly mortgage payment to 31 … (3 comments)

shortsale: Are Shortsale and Bank Owned Real Estate Agents Paid Too Little to do their Job? - 02/19/11 02:32 PM
Are Shortsale and Bank Owned Real Estate Agents Paid Too Little to do their Job?
Shortsale and Bank Owned Properties are not much fun to do and it takes alot of time for a buyers agent to do the work trying to get a hold of a Shortsale or Bank Owned Listing agent on the phone or to return calls. Are Shortsale and Bank Owned Real Estate Agents Paid Too Little to do the Job They Do? or are Listing agents just flat out LAZY?
You know what I'm talking about;
One photo on the listing Photos that look blurry or out of focus … (5 comments)

shortsale: Area of Magnolia - Seattle Real Estate - 08/28/10 04:12 PM
 

Photos, Videos and Graphics by    Sonny Kwan  Realtor® with Sonny Kwan Real Estate Seattle, WA. www.sonnykwantv.com All information is believed to be accurate, but is not warranted in any way. When you plan to buy, Sell, Invest or Rent  email me at  sonnykwan@sonnykwan.com    
Area of Magnolia - Seattle Real Estate © 2010  By Sonny Kwan All Rights Reserved
(2 comments)

shortsale: Foreclosure - 02/25/10 12:07 AM

Photos, Videos and Graphics by    Sonny Kwan  Realtor® with John L Scott Real Estate Seattle, WA. All information is believed to be accurate, but is not warranted in any way. When you plan to buy or Sell your home  Visit my website www.johnlscottwa.com     to search all homes on the internet.
Foreclosure  © 2010  By Sonny Kwan All Rights Reserved
(7 comments)

shortsale: What is a Shortsale? - 02/17/10 12:10 PM
What is a Shortsale?
In Short, no pun intended, a Shortsale is when the primary leinholder, or the bank that carries the loan for the homeowner agrees to allow the home to sell to another party for less than the original loan amount owed.
For example. Homeowner A Buys a home on Mercer Island, WA in 2005 when the real estate market was at it's peak. The loan was a zero down or similar type adjustable rate mortgage loan. Come 2009, the rate skyrocketed and the monthly payments hit the roof, the homeowner now can hardly keep up with the already … (2 comments)

shortsale: Home ownership on Mercer Island, WA is still affordable! - 02/17/10 11:42 AM
Home ownership on Mercer Island, WA is still affordable!
When choosing an area to move to, most people with children or planning on raising children in the area, known to have one of the best school districts in the nation often consider Mercer Island, WA.  They get caught up thinking that they wouldn't be able to afford to live in an such an expensive zip code where Billionaire from businesses and startups now reside, Such as Paul Allen, co-founder of Microsoft, owner of the Portland Trailblazers and Seattle Seahawks.
Last month a home Priced at $450,000 sold on the open market … (2 comments)

shortsale: Foreclosure in Magnolia - 10/17/09 09:22 PM

(0 comments)

shortsale: The new Fannie Mae policy - 03/03/09 08:58 AM
The new Fannie Mae policy says the following:
Servicing Guide, Part VII, Section 504.02: Contacting Selected Borrowers
 Effective March 1, 2009, closing of preforeclosure sales may not be conditioned upon a reduction of the total commission to be paid to real estate agents to a level below what was negotiated by the listing agent with the borrower, unless the fee exceeds 6 percent of the sales price of the property in aggregate. Servicers are reminded that they must continue to obtain any approvals that may be required by interested third parties in connection with preforeclosure sales.
Now all agent can get … (3 comments)

 
Sonny Kwan, 206-819-8228 (Quantum Group Commercial - Residential - Lease  Seattle, WA ) Rainmaker large

Sonny Kwan

206-819-8228

Mercer Island, WA

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Quantum Group Commercial - Residential - Lease Seattle, WA

Address: 1534 1st Ave S, Suite 100, Seattle, WA, 98134

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