Cheney, WA

All day long today everybody I've talked with in spokane, the first topic of discussion has been last nights game and stunning comeback by the Eastern Washington University football team and league championship win against Delaware. Everyone has a story to tell and for me I was working out at the gym watching the game on the screen and noticed that by half time we were behind 12-0. Well I am a Chief's Hockey fan, and not as big into football, so I thought "...and they were doing so good"...so by the end of the fourth quarter, I was at the arena with friends watching hockey (Spokane vs Lethbridge) and in front of 5,423 hockey fans the final score of the game was announced (20 - 19) the arena burst out into a roar of cheers. Spokane did it! Congratulations Eastern!!! Go Eags!

It's funny, because this picture is from a Wall St. Journal article that ran last September when Eastern installed this red turf, and the article went on to say that they were no football powerhouse like Boise State University's Broncos are. Nobody could imagine they would go on to finish undefeated all the way to the top of their league! Not that the Wall St. Journal has ever been wrong before, but wow, did they ever underestimate Eastern!

Pretty cool. The Vice President was there at the game and congratulated us. The governor of Delaware is sending our Governor food products from his state, having lost the bet with our governor. It's been all over the news as well.

I transferred to Eastern from University of Idaho back in the 1990's, where I completed a BA in Business Administration, Marketing, then went back to study Psychology at the post-baccalaureate level and finally completed a Master of Science in Psychology a few years ago. My master's thesis is on file at JFK library at the central campus, Cheney Washington. It's a proud day to be Eastern Washington University Alumni! Go Eags!

I have been questioned by some Agents about what I inspect and why. The implication was that I was going beyond the scope of a Home Inspection when I include certain items. My reports are thorough so I do go beyond the minimum requirements on many things. A client will see notes on broken sprinkler heads, major fence issues even if they are not adjacent to the home, and some times outbuildings that are not attached.I will test the sprinklers if the client desires and I am able to. Each inspection is a case by case situation on these types of components.

If these items were included in the clients inspection request of course they will get a full report on them. If they were not the client can still look forward to seeing comments about major defects observed while on site.

I have inspected for clients that have not seen the home or grounds; I think they may want to know about this storage shed, would you not?

Most clients have seen the grounds and home and most are on site for the inspection, but noting these items can still be a benefit, as they, through the report have an itemized list of defects on the property.

Clients have a lot of things on their minds during the purchase process, giving them a photo record that they can review at their leisure may help them make a better decision about the home. A decision that fits their personality and desires.

I have bought around 25 homes so far in my life and I know first hand buyers may overlook things, even obvious items. The purchase process claims their attention, allowing for things to slip by.

As a home inspector my job is to inform the client, information is the key to a fair deal. I'll continue to note these items to better help my clients.

Mortgage lenders have supplanted the home inspector as the deal breakers or bad guys in the real-estate deal. I guess I should say I'm sorry to the lenders but I am not. I am kind-of glad there is a boogie man other than my profession. I know there are still concerns that a Home Inspector may bunch the deal, but with the current state of the mortgage lending industry, lenders have become the primary concern to Real Estate professionals.

I have heard numerous stories about financing troubles that range from encyclopedic numbers of forms to rejection after the borrower had already been qualified and the ever increasing scrutiny of the home itself. Getting a mortgage is much more difficult now than it was a few years ago.

I think that a Home inspector that does a thorough job and brings the facts to the table are invaluable in the transaction. In the cases of the increased home scrutiny the Inspector may be relied on to advise the transaction participants of problems the underwriters through their appraisers may find. Timely and thorough inspections can give the necessary advanced warning to correct issues before they derail the deal.

Everyone Likes to ride the white horse, even insectors:)

Loan Modification Cheney, Medical Lake, Davenport Washington

A growing number of Cheney, Medical Lake, and Davenport, Washington homeowners have seen the value of their homes drop to below the amount they owe on their mortgage loans. At the same time, the average income has dwindled to make mortgage payments impossible to afford for most. With interest rates on the rise as adjustable rates jump to high fixed rates, and home values falling, refinancing is no longer an option for most, leaving the necessity for a home loan modification.

Under Obama’s “Making Home Affordable” plan, the majority of Cheney, Medical Lake, and Davenport, Washington homeowners now qualify for hundreds of dollars in monthly savings with a loan modification. Obama's HAMP program demands that a homeowner’s mortgage payment cannot exceed 31% of their gross income. Since most home loans exceed 31%, the vast majority of borrowers are technically eligible for HAMP assistance.

Washington homeowners can immediately determine what your current mortgage debt-to-income is and how much your monthly payment may be reduced if you qualify for Obama's Loan Modification Program.

Loan Modification:

• Lowers the homeowner's monthly payments;
• Lowers the loan's interest rate;
• Swaps a rising adjustable rate for an affordable fixed rate;
• Reduces the principle balance of the property;
• Corrects payment delinquencies and defaults;
• Adjusts the length of the loan terms

Keeping all of this in mind, homeowners are hoping to avoid foreclosure and stay in their homes with the help of a loan modification. A modified mortgage loan allows you to lower your monthly payments, lower your interest, lower your principal, adjust the term of the loan, or any combination of these. Your home is the greatest financial commitment you are going to make in your life, and acquiring secure and successful mortgage mitigation.

Eligible Washington homeowners now enduring financial hardships such as credit card debts, loss in income, unemployment, a bad mortgage, or other financial circumstances, can get approved for a 4% mortgage refinancing and modification plan under President Obama’s “Making Home Affordable” plan.

With mortgage loan mitigation, lowered interest rates can save homeowners from foreclosure, help those in the foreclosure process, and prevent mortgage defaults, by saving hundreds of dollars per month on your home loan payments.

Cheney, Medical Lake, and Davenport, Washington homeowners will be able to save millions by getting a home loan modification or mortgage refinance using President Obama’s “Making Home Affordable” plan. Even borrowers who have been denied a refinancing or modification in the past have been having success with Obama’s mortgage refinance bailout plan.