David Monroe's Real Estate Blog

Serving King, Pierce, and Snohomish Counties
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  • Bank of America Short Sales Improving

    At this time last year, Bank of America was on my black list for short sales.  I would still work with short sale clients that had Bank of America loans, but I had to make an extra effort to mentally and emotionally prepare sellers for a process that could take six months to a year from signing the listing to signing closing papers. ...
    Posted to David Monroe (Weblog) by 633952 on July 17, 2010
  • Bank's Actions Defy Logic

    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 short sale approval, because ...
    Posted to David Monroe (Weblog) by 633952 on February 6, 2010
  • Short Sales And Lenders - Do You Know Who Your Lender Really Is?

    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 listed on your mortgage ...
    Posted to David Monroe (Weblog) by 633952 on February 6, 2010