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Yakima, WA

Loan Modification Moses Lake, Yakima, Cle Elum, Washington

10-12-09
Rate Modify
Rate Modify: Mortgage Company in Edmonds, WA

Loan Modification Moses Lake, Yakima, Cle Elum, Washington

Moses Lake, Yakima, and Cle Elum, Washington homeowners are now able to save millions with a home loan modification or mortgage refinance under Obama’s “Making Home Affordable” plan. Backed by $75 billion in funding, the Obama administration’s loan modification program is intended to help 7-9 million homeowners modify their mortgage loan.

The Obama administration’s home loan modification program was created to help you avoid foreclosure by allowing every American homeowner access to the current low mortgage interest rates. As a result, a mortgage loan modification is something more and more Washington homeowners are considering in order to save their homes from foreclosure.

Nearly all Moses Lake, Yakima, and Cle Elum, Washington homeowners now qualify for a loan modification under the Obama administration’s “Making Home Affordable” plan. Thanks to the HAMP program, a homeowner’s mortgage payment cannot exceed 31% of their gross income, and because most home loans exceed 31%, the majority of borrowers are eligible for hundreds of dollars in monthly savings.

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
  • Or any combination of the above!

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.

Eligible Moses Lake, Yakima, and Cle Elum, WA homeowners now suffering through 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.

A loan modification can get homeowners lowered interest rates which can prevent you from being foreclosed on, help those in the foreclosure process, and prevent mortgage defaults by saving hundreds of dollars per month on your home loan payments.

With a loan modification, affordable payments are still possible for eligible Moses Lake, Yakima, and Cle Elum, Washington homeowners. Right now we are seeing mortgage rates at historical lows, and mortgage lenders have more incentives than ever before to modify your loan. The Obama administration has been working hard to assist you with the mortgage loan modification process, and it would be beneficial to take advantage of this time.

10 Fun, Free Family Activities in Yakima, May 2008

Shannon Drew, Hometown Realty, Yakima WA: Real Estate Agent in Yakima, WA

 

1.Historical Park Have a picnic, play games, and tour history at Fort Simcoe State Park. Located at the end of SR220, 45 minutes South of Yakima, the park is open daily 6:30AM to dusk through October 2nd. An Interpretative Center and the Historical Buildings are open 9:30- 4:30PM Wed-Sun through Oct. 1st. Call (509) 874-2372 or visit  http://www.parks.wa.gov/ for more information.

 

2.Art Show  Enjoy art from three very different perspectives, now through June 4th, at Oak Hollow Gallery, Chalet Place, 5631 Summitview Ave., Yakima. (509) 965-3846 "Generational Views: Mother, Daughter and Granddaughter." Works by Ardith Kaiser, Holly Mahre and Lindsey Gaskill. (A Mother's Day outing, maybe?)

 

3.Kids/Teens Night Out "Saturday Night Live", every Saturday night 7-9:30 at the YMCA, 5 N. Naches Ave., Yakima. Free fun for ages 7-15. Activities include swimming, basketball, volleyball, foosball, and pool. (509) 248-1202.

 

4.Dance Not just any dancing, but Los Bailadores Del Sol. This dance group is so energetic and great fun to watch, and the public can participate as they practice, too. 6:30-8:30 Mondays, Wednesdays and Fridays at the Castlevale EPIC, 2902 Castlevale Rd., Yakima.

 

5.Music  This month you can listen to Ryan Schultz on the Tuba at Englewood Christian Church. The Second Sunday Series falls this month on May 11th and starts at 2PM. The church is located at 511 N. 44th Ave., Yakima. Donations are accepted if you'd like to contribute.

 

6.Book Club  On the second Wednesday of each month you'll find the Passionate Readers Book Club in deep discussion at Borders Books. Meetings begin at 7PM. Borders is in the Union Gap Mall at 1700 E. Washington Ave., Union Gap. (509) 248-4018.

 

7.Car Show The American Reflections Car Club is hosting their 8th Annual "Open" Show Sunday, May 18th at Moxee Park. There is a registration fee to enter, but looking and enjoying is free! Features custom cars, classics, streetrods, stock vehicles, trucks, vehicles under construction, foreign vehicles, tuners, lowriders, SUVs, motorcycles and even bicycles! Music and food vendors, too!

 

8.Storytelling "Tales of the Rails" is songs and storytelling by Nancy Stewart and MaryLee Sunseri. Fun the whole family will enjoy! Show is May 23rd at 7PM in the Yakima Valley Museum at Franklin Park, 2015 Tieton Dr., Yakima. (509) 248-0747. Have a picnic in the park and then enjoy the show!

 

9.More Music An electric-folk/rock presentation by Raining Jane, May 27th at 7PM at the CWU Student Union and Rec. Center Pit off Chestnut Street in Ellensburg. (Okay, this isn't Yakima, but it's close, and it sounds like a lot of fun...)

 

10.Campfire Talks Every summer the Yakima Sportsman State Park hosts what they call the Summer Campfire Program. Each event has a different topic and host. Bring a lawn chair and stick around to roast marshmallows (provided) after the talk. The park is located at 904 Keys Rd., Yakima. (509) 575-2774

  • May 24th, "Vineyards of Yakima Valley"
  • May 31st, Bob Tuck, "Local Yakima Birds & Animals"                                                                                                                                                                           

The Good, the So-So, and the LOCAL

Shannon Drew, Hometown Realty, Yakima WA: Real Estate Agent in Yakima, WA

"Housing market continues to fall", read the headline yesterday on the money page of the local newspaper. It was an AP article discussing the situation nationwide. Quoting statistics from the National Association of Realtors and economic experts, the article suggests that the real estate market is in for a really bad year.

National statistics may interest some, but I hear from most people that they'd like to know what is happening here...where they live and work. I would love to see the Yakima Herald Republic print more articles about our local economy because this national doom and gloom reporting is scaring people. I answer panicked calls from sellers and buyers daily.

So, today, I'm writing to people in my community and sharing some GOOD news, some SO-SO news, and some LOCAL market information....

GOOD NEWS: Local non-agricultural job growth is at the second highest level in Yakima County since 1990. The new Osteopathic college will open it's doors to the first class this fall. The HOP market has gone crazy and all those farmers planting extra acres are going to bring loads of money into the local economy. Downtown Yakima has been born-again as a hip, fun, artsy place to be and be seen. New construction homes are selling here...more and more homes are being built and most are purchased in advance. (Have you driven around West Valley lately!) I hosted an open house in Yakima last Sunday and was bombarded by buyers...I haven't done an open house that busy since last spring!

SO-SO NEWS: Lending standards have changed. You now need to have some money and good credit, in addition to a pulse, to get a home loan. Sub-prime loans have gone bye-bye. This just means that young first-time buyers will need to plan and save before becoming homeowners. Gas prices are up, just like everywhere else, and this is affecting local businesses. Those who rely on shipping products in or out, folks in the trucking or repair industries, or real estate agents driving to showings have seen it first-hand in their wallets. This is forcing us to be more conscious of our driving habits, and also urging the faster exploration of alternative fuels. We all need to buy as much locally as possible. The Farmer's Market will be back soon and even bigger this season!

 LOCAL REAL ESTATE MARKET NEWS: That headline about the falling market was all about the number of pending home sales. In Yakima, the pending sales are down, too. For the last thirty day period compared to 2007 for the same 30 days, we are down 4 pending sales. FOUR. That could just be four folks that couldn't get a loan this year, or four that were too afraid to try because of all the negative media. We have 10% more houses on the market this year-to-date compared to the same period last year (114 more residential listings, which is less than one month's inventory). But average sale price is up 4% (GOOD). Average Days On Market from list date to closing date is longer, though. Four days longer. FOUR. Four days longer to sell, Four pending sales worse than 2007. Prices up 4%. This isn't the same real estate market the AP reporter was writing about. We are affected by some of the same things happening nationally, but not nearly at the same level.

If you are waiting to buy or sell in the Yakima area because of the bad news reports...STOP IT! Now is a fine time to shop for a house. The extra inventory is a treat if you're buying, lots to choose from...and sellers that price right for the market and present their homes well are still getting them sold. Call a local Realtor if you have questions. We have ready access to the facts and are willing to share the information.

Yakima Events in April...Fun Things to Do This Month!!

Shannon Drew, Hometown Realty, Yakima WA: Real Estate Agent in Yakima, WA

Outdoor Survival Class at YVCC First class April 10, 6:30PM and runs for three consecutive Thursdays. Class taught by a Yakima  County Search and Rescue veteran includes topics such as positive attitude and programming your mind to succeed and to control fear, as well as basic map-and-compass skills, telling time and direction by the stars and sun, and navigating by reading signs in plants, soils, winds, topography, temperature and wildlife. Call Don Witke, instructor, for more information 509-697-6378. To register call YVCC at 547-4712. Tuition is $30.

Temptation: A Mixed Media Invitational. Opening reception, Thursday, April 10 5:30-7:30PM, Through May 25th, Peggy Lewis Gallery, Allied Arts Center 509-966-0930, www.alliedartsyakima.org . Expressions of temptation by Becky Blair, Bill Brennan, Brian Holtzinger, Carol Hassen, Gary Dismukes, Justin beckman, Leo Adams, Lucy Valderhaug, Marcia Blevins, Penn O. Shelton, Rob Prout, and others.

Yakima Area Arboretum, 9th Annual Arbor Festival April 12, 10AM-3PM Activities for kids and adults, FREE!

Seattle Opera Young Artists, with the Yakima Symphony Orchestra April 12, 7:30PM at the Capital Theatre. Two one-act comedic masterpieces: Maurice Ravel's Fantastical L'enfant et les Sortil ges and Puccini's Gianni Schicchi. Tickets available at 509-853-ARTS, or toll free 877-330-ARTS.

YVCC Visiting Faculty Lecture Series April 14, 7:30PM. Kendall Hall Auditorium. Free. Call 509-574-4646 Diandra Leslie-Pelecky: "Building Speed: The Physics of NASCAR"

 Earth Day Hike, Cowiche Canyon April 20, meet at 1PM at the Weikel Trail trailhead. (Dir: West on Summitview for 7 miles past 40th Ave., right on Weikel Rd., half-mile later turn right into parking lot for Cowiche Canyon) Participants go one way with a naturalist, who will point out local flora and fauna, and the other way with a geologist who can explain the history of the rock structures and how and what the different colors and layers mean.

Yakima Valley Community Band Spring Concert April 21, 7:30PM, Eisenhower High School's Little Theatre, 702 S. 40th Ave., FREE Broadway, Classical and Patriotic music. 509-965-2115, www.yakimacommunityband.org.

Capital Steps April 24 at the Capital Theatre. 853-ARTS, or 877-330-ARTS for tickets. Don't miss the show all of Yakima talks and laughs about for days. A highlight of the year on stage!

The Wizard of Oz, April 24-26 and May 1-3, 7:30PM, or April 26/ May 3 aat 2PM at the Davis High School Auditorium. $7 adults, $5 ages 12 and under. Presented by Davis High School drama department. 509-573-2500

Pillar to Post Professional Home Inspection

Jacque Simmons: Inspector in Yakima, WA



Pillar To Post Neerd To Know

In real estate, it’s dangerous to overreach when it comes to providing guidance on structural, legal, and financing matters. Here are some basics, but be sure to send buyers and sellers to the appropriate experts when necessary.

10 structural red flags

No home is perfect. “Owners have reported to us that two-thirds of home inspections uncovered problems,”saysDan Steward, president of home inspection company Pillar To Post, Tampa, Fla.

That’s why many sellers decide to have a pre-sale inspection. “For any homeowner, repairing problem areas prior to putting the house on the market can maintain or increase the home’s value and avoid unpleasant surprises during the sales negotiation or at time of closing.”

At the same time home buyers need to understand what’s normal and what’s not, says H. Alan Mooney, president of Criterium Engineers, a consulting engineering firm that specializes in building inspections. “Most foundations have cracks, and 90 percent are normal,” he says.
Help your buyer clients understand the biggest problems:
Foundation cracks
Ridges or lateral movement indicate a change in a surface that could be cause for concern. Remember, for the most part it is not the width of the crack that is important, but the displacement of the surfaces on either side of it. Find out why the change occurred to get the problem solved properly. A foundation wall could be inadequate, or too much water may have accumulated outside.*
Load-bearing walls removed.
This problem may be tough for salespeople to spot unless the change caused ceilings to sag, ceilings or walls to crack, and floors to become springy. Pay particular attention at openings in basement and lower floor areas by looking for excess deflection in the middle of the span and cracks in the corners of the openings. A history of a home’s renovation work may indicate that walls or columns were removed that should have been left.
Faulty or insufficient wiring.
Again, this won’t be easy to spot, unless wiring was done poorly or wires remain exposed. Have buyer clients ask whether wiring in older homes was updated and whether wiring can handle all their tech needs. A telecommuter might need extra capacity. A family with teenage children might overtax a system that was fine for an older couple.
Water, water everywhere.
Stains may indicate prior water problems, but so can surfaces recently painted to camouflage past problems. When you smell fresh paint, use your judgment to determine whether the house has been redecorated for sale or painted only in certain areas to mask a problem. When in doubt, ask the sellers. But be wary when they say they’ve corrected past problems; that doesn’t guarantee new problems won’t happen, says Mooney.
Leaky roofs.
Stains within a home may indicate water problems. Even a new roof won’t guarantee that a problem was totally resolved. “An owner may have added another layer of shingles on top of an existing leaky roof. The problem also may be due to inferior flashing,” Mooney says. Buyers should ask how a problem was fixed and who did the work.
Ineffective windows.
Windows that can’t be opened and closed are problematic and should be serviced, repaired, or replaced. Windows that fog up may need maintenance or repair because they leak. The problem may be the result of poor installation which Mooney calls “a major epidemic.” Steward says double-glazed windows that fog up due to faulty seals may look unattractive, but it’s rarely cost effective to replace them if energy savings are the only goal.
Damp facades.
Stains on wood siding may reveal entrapped moisture; cracks around bricks may indicate missing mortar. Know that hairline cracks around bricks may be OK, but in climates where freezing takes place, it’s advisable to seal the cracks to reduce the possibility of freeze/thaw action causing spalling, or deterioration of the brick’s face.
Pesky pests.
Termites and carpenter ants may reside in your home and dine without being invited. They also leave few signs, except some mud tubes and sawdust, known as frass. Best rule: Quiz homeowners about prior unwanted pests and what they did to cure problems.
Sagging wood floors.
Like foundation cracks, variations in wood floors are normal since wood is not a perfect material. Not acceptable: excessive slopes or a floor that feels like a trampoline when walked on. A marble is the simplest device for checking a wood floor. Place the marble on the floor. If it rolls away quickly, call an expert.
Rot.
Most wood that’s not treated is often vulnerable to moisture and fungal growth. Red flags are decay that appears brown and crumbly, breaks into cubes, or is soft. Pay attention to wood that touches dirt since it’s more susceptible to picking up moisture and decay and allows an easy pathway for insects such as termites. Watch masonry or joints that are slow to dry.
If seller clients are required to make repairs before a closing, advise them to get three recommendations and bids before proceeding. If work was previously done, tell buyer clients to check permits to ensure the work was performed in compliance with local regulations.
Sources: H. Alan Mooney, Criterium Engineers, Portland, Maine; Diane Saatchi, The Corcoran Group, East Hampton, N.Y.; Dan Steward, Pillar To Post, Tampa, Fla.


Jacque Simmons
509-895-9009
Jacque.Simmons@pillartopost.com