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It has been all over the news today. A new tactic that homeowners who are facing foreclosure can try, often times at the last minute, to stall the foreclosure.
it involves the three magic words: "Produce The Note".
The process looks easy enough, and makes sense. As consumers we can plainly see how inefficient and bureaucratic the banks can be, and I see that even moreso in having to deal with short sales - it's a huge frustration point.
Finally, though, that inefficiency may be working in the consumers' favor, as often times bank notes are sold so often and in such large numbers that when asked to "Produce The Note", many banks have to then bring the process to a complete halt while representatives try to figure out exactly who has the note, and where that note might be.
In judicial foreclosure states, not having a note appears to be grounds for a judge to stop the foreclosure proceedings until one can be produced. However, Washington State is a non-judicial foreclosure state - if you remember back to when you signed your loan papers, there was a clause stating that in the event of non-payment of mortgage, that the bank then had the right to foreclose and auction the property at a trustee's sale.
The procedure for using the "Produce The Note" tactic in non-judicial foreclosure states such as ours is a bit more complicated. For more information and guidance, click on the link below:
Basically, the main 'extra step' that needs to be taken is that you will need to file a lawsuit that asks the court to prevent the foreclosure until the bank produces proof of the original debt instrument(the "note").
I realize that for the cash-strapped the thought of hiring a lawyer may seem out of the realm of possibility. Check for community organizations in your area that may be able to offer assistance or advice for this. It's worth it if you really want to save your home.
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Thanks for stopping by my blog!
You can reach me at 206-595-5866, or e-mail me: LisaBosques@PNWRealty.com
Or visit my website: www.98146online.com
I am an Associate Broker and Marketing Specialist with Prudential Northwest Realty Associates. I specialize in homes located in the Burien/North Highline/West Seattle area, and I am here to serve all of your Real Estate needs.
Your success is my goal!
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If there's a silver lining to this difficult financial crisis that most everyone in the U.S. is going through, it would probably be
that as a society we would become much more conscious about the way we spend our life energy (i.e. money), and also be more open to finding alternative means of acquiring the goods and services that we need. We'll also most likely re-assess what our needs actually are, and whittle down that list accordingly.
Bottom line: if you've never been in a thrift store or considered using second-hand goods before, or if you've never bartered items or services before, perhaps now is the time to explore this "new" world. I've been doing these things to some extent for years.
My husband is a self-taught graphic designer / illustrator / artist. By making logos for businesses, he's been able to cut our expenses in some areas. When he designs a logo or t-shirt for my son's karate school, for example, he's able to get several months' free tuition in exchange. Also, we have a tea business, so sometimes I am able to barter with people for items that I need with tea.
The thing that really gets many of us down during these rough times is that, as a coworker of mine said the other day, there is no 'retail therapy'. So why not get your girlfriends together(you can do this too, guys, I guess?) and swap clothing and accessories? It's a great way to get something new and it won't cost you any cash.
Bartering/trading not only gets you the goods that you need, it also keeps those goods from ending up in the landfills, so you're saving the earth as well.
There are many websites for bartering and trading; here are just a few:
1. www.swaptree.com: Trade books, DVDs, or video games
2. www.bookins.com: Also a place for trading books, DVDs, etc
3. www.barterquest.com: Trade just about anything here
4. Swaptreasures.com: Same as above-looks like fun!
...and one that I just found that really might come in handy for the holidays:
5. Toystotrade.com: For the little ones in your life. You can also donate your unused toys to charity through this site. Imagine all the decluttering you can do, and if your child is old enough he / she could go online and pick out their own toys to donate and trade.
Finally, don't forget the big ones...Freecycle.org will send you e-mails every time something is posted in your area. And Craigslist is a great resource for free and barter items.
Now, if you'll excuse me, I'm off to go do some swapping shopping!
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Thanks for stopping by my blog!
You can reach me at 206-595-5866, or e-mail me: LisaBosques@PNWRealty.com
Or visit my website: www.98146online.com
I am an Associate Broker and Marketing Specialist with Prudential Northwest Realty Associates. I specialize in homes located in the Burien/North Highline/West Seattle area, and I am here to serve all of your Real Estate needs.
Your success is my goal!
• What Is My Home Worth?
• Search For Properties
• Search Foreclosures
• Search Sold Property Data By Neighborhood
Address: 12264 Roseberg Avenue South, Boulevard Park
This 1920 home is one of the oldest and most unique homes in Boulevard Park. It has been carefully and thoughtfully remodeled so it feels like new construction, yet its vintage charm remains intact. The 3 bedroom, 2.5 bathroom, 2020+ sq ft home(sun room not incl in sq footage) sits on a picturesque 26,958 sq ft lot that spans the length of an entire block. The lots have already been short-platted into 3 additional lots; the engineering has been completed and plans are available.
This property is being sold as one parcel. Keep it and use as a mini-estate; there are horses in the area, so keeping horses on the property may be a possibility, buyer to confirm with the County. Or, finish the lot construction, get your tax ID's and sell the other 3 lots. The 3 lots are each 55' wide, which would accomodate a variety of home plans.
For more information and photos, please visit the property website:
http://12264rosebergavesouth.ePropertySites.com
Hope to see you there!
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Thanks for stopping by my blog!
You can reach me at 206-595-5866, or e-mail me: LisaBosques@PNWRealty.com
Or visit my website: www.98146online.com
I am an Associate Broker and Marketing Specialist with Prudential Northwest Realty Associates. I specialize in homes located in the Burien/North Highline/West Seattle area, and I am here to serve all of your Real Estate needs.
Your success is my goal!
• What Is My Home Worth?
• Search For Properties
• Search Foreclosures
• Search Sold Property Data By Neighborhood
Finally, some beautiful weather here in Seattle. We've had the most spectacular weather for at least the past week. It's been well worth the wait. My husband and I decided to go for a walk at Highline Botanical Gardens, since we've never been there before. We were very pleasantly surprised by the beautiful garden that awaited us. Apparently it's a work in progress, but there are 3 acres of gardens there now, including a rose garden complete with tall Roman-style pillars, a garden that's dedicated to Elda Behm called Paradise Garden, and a Japanese Garden.
Here are some pictures that I took of the garden; they don't quite do it justice. By the way, the garden is right next to the Seatac Community Center on S. 137th St and 24th Ave. S. in Seatac.
Thanks for stopping by my blog!
You can reach me at 206-595-5866, or e-mail me: LisaBosques@PNWRealty.com
Or visit my website: www.98146online.com
I am an Associate Broker and Marketing Specialist with Prudential Northwest Realty Associates. I specialize in homes located in the Burien/North Highline/West Seattle area, and I am here to serve all of your Real Estate needs.
Your success is my goal!
• What Is My Home Worth?
• Search For Properties
• Search Foreclosures
• Search Sold Property Data By Neighborhood
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Serving Seattle and all parts South; specializing in West Seattle and Burien communities in the 98146 zip code including Arbor Heights, Shorewood, White Center, Hazel Valley and N. Highline.
I consider myself very fortunate to be able to say that I absolutely LOVE my job! I work hard to provide my clients with the most positive real estate experience possible, before, during and after the sale. My goal is to be your Realtor For Life! A little about me:
I am a full-time agent and entrepreneur(my husband and I are in the tea business), and I have had a passion for real estate for as long as I can remember.
By the way, a vital part of today's real estate industry is technology, and to that end I provide my clients with state-of-the-art web tools and marketing. It's just one of the many things that has made Prudential Northwest Realty Associates one of the most respected real estate companies in the country!
Serving Seattle and all parts South; specializing in West Seattle and Burien communities in the 98146 zip code including Arbor Heights, Roxbury Heights, Shorewood, North Shorewood, Ocean View, White Center, Top Hat, Hazel Valley
and all unincorporated areas in 98146.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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