Posts under ‘Real Estate’

We put the finishing touches on the vacation home up in Glacier, WA about a week before Christmas.  We hadn’t posted the home on vrbo.com or craigslist at all because we weren’t sure of a completion date so didn’t want to pre-book if we couldn’t deliver.  Experience told me that things always take longer than [...]

My dad has been working on a beautiful home up in Glacier Springs (Glacier, WA) for the last few years.  I partnered up to help with the financing part way through the build out and the house is finally near completion so now we’re on to the next phase, what to do with it.
It was [...]

I’m confused by the wamu/jp morgan. JP Morgan paid 1.9 billion for Wamu retails banks and deposits but apparently had to take a 31 billion dollar write down.
How can that be? Did they assume 31 billion in bad debt? Who takes ownership of the 300 billion in Wamu mortgages?
Confusing stuff, smells fishy to [...]

It seems like home prices are coming down at least a little in Seattle these days and they are definitely on the market a bit longer than they used to.
A house in Ballard, just a few blocks from mine recently dropped it’s price from 339,000 to 325,000. It’s sort of a funky house, but seems [...]

There is an interesting post over at Seeking Alpha today about the average date you would have had to have purchased a home in any of 20 metro areas around the country to have made money given the recent setback in home prices.
I’m sure its not terribly accurate, its all about average home prices afterall, but [...]

Recently, the time came for me to refinance my house to lock in a longer term interest rate.  I bought my house on a three year interest only adjustable rate mortgage (ARM) and my interest lock was ending so it was time to find another mortgage.  I had entered into the property with 100% financing [...]