“Bank of America announced Wednesday it had opened an office in Seattle to allow distressed homeowners whose mortgages it services to meet face to face with specialists and consider alternatives to foreclosure.”
Source: Seattle Times, April 27, 2011. “BofA opens office for foreclosure alternatives.”
People considering foreclosure can speak to specialists at BofA by appointment to weigh out their options. An increase in foreclosures and short sales in the Washington area has required banks and mortgage providers to add more services and departments.
Outreach events are planned for May 19-21 in Bellevue and Spokane and require registration. To register for the BofA events go to www.bankofamerica.com/outreachevent.
From Seattle to Wenatchee, AMS Inspection Services performs home inspections throughout much of Washington State. This blog talks about home tips, maintenance advice, home inspection findings and real estate news.
Showing posts with label foreclosure. Show all posts
Showing posts with label foreclosure. Show all posts
Monday, May 9, 2011
Thursday, September 2, 2010
Neighborhood Stabilization Summit
Foreclosures are a huge issue in the United States right now. After July resulted in the worst month in real estate history, the feds are starting to take notice. Today many important professionals met to talk about the compounded problems with foreclosed, abandoned and vacant properties. Read on...
http://www.mortgagenewsdaily.com/09022010_neighborhood_stabiization_reo.asp
by Jann Swanson
Governor Elizabeth Duke, Board of Governors of the Federal Reserve pointed out that the impact of each foreclosure goes far beyond that one home; a conference participant estimated that every blighted home negatively impacts five or six nearby homes. Therefore, in Cleveland for example, where 11,500 homes have been foreclosed, 60,000 others can lose value which leads to lower taxes to support schools and other community services. The residents who remain in a community suffer social losses as well as their communities decline.
http://www.mortgagenewsdaily.com/09022010_neighborhood_stabiization_reo.asp
by Jann Swanson
Community organizers, state and federal government officials, and representatives from banking, research and educations institutions are currently meeting in Washington at a REO and Vacant Properties Summit sponsored by the Federal Reserve Bank. The two day conference is focused on examining the problems associated with vacant and abandoned property and to explore approaches to neighborhood stabilization.
Governor Elizabeth Duke, Board of Governors of the Federal Reserve pointed out that the impact of each foreclosure goes far beyond that one home; a conference participant estimated that every blighted home negatively impacts five or six nearby homes. Therefore, in Cleveland for example, where 11,500 homes have been foreclosed, 60,000 others can lose value which leads to lower taxes to support schools and other community services. The residents who remain in a community suffer social losses as well as their communities decline. Wednesday, July 14, 2010
Growing Foreclosures in Seattle
Freddie Mac is responsible for nearly one-fourth of current mortgages in the U.S. and about 4% of those homes are in foreclosure. In May Seattle foreclosures increased by 17% including all of King County. Pierce County came in second place. Someone's misfortune means another's opportunity. Websites are popping up all over the place advertising foreclosed home searches. Some are free and other charge a monthly fee to view the listing details. How do you know which ones are legit?
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