Zillow Advice RSS: Question-Discussion-Guide,Local Topics,WA http://www.zillow.com/advice/WA/local-topics/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate Best condition in which to sell a house http://www.zillow.com/advice-thread/Best-condition-in-which-to-sell-a-house/15743/ At the very least make sure the property would qualify for an <a href="http://www.zillow.com/fha-loan/">FHA mortgage</a> as upwards of 25 percent of the market has been trending towards that kind of financing. This means no peeling paint, cracked windows, etc. While FHA has eased rules on home condition in the last few years, there are some that are not negotiable.&nbsp;<br \><br \>0 replies Wed, 11 Feb 2009 04:56:00 GMT http://www.zillow.com/advice-thread/Best-condition-in-which-to-sell-a-house/15743/ 2009-02-11T04:56:00Z Do you have mortgage records on a house;Original amount, sale price, Year recorded. http://www.zillow.com/advice-thread/Do-you-have-mortgage-records-on-a-house-Original-amount-sale-price-Year-recorded/225629/ 4 replies Sun, 19 Apr 2009 23:47:00 GMT http://www.zillow.com/advice-thread/Do-you-have-mortgage-records-on-a-house-Original-amount-sale-price-Year-recorded/225629/ 2009-04-19T23:47:00Z Confused by how the zillow determines values http://www.zillow.com/advice-thread/Confused-by-how-the-zillow-determines-values/14164/ Hello Sr,<br/><br/>My Name is Anthony a <a href="http://www.zillow.com">Real Estate</a> Licensee & <a href="http://www.zillow.com/mortgage/">Mortgage</a> Officer and know a lot about this site. You used to be able to see comparable and change them before on this site but not anymore for unknown reasons. So your analysis is better than this automated one since you can no longer choose the comps.<br \><br \>0 replies Tue, 26 Feb 2008 23:19:00 GMT http://www.zillow.com/advice-thread/Confused-by-how-the-zillow-determines-values/14164/ 2008-02-26T23:19:00Z where is the seattle market going to be in 4 months? http://www.zillow.com/advice-thread/where-is-the-seattle-market-going-to-be-in-4-months/206291/ [content removed by moderator for being self promotional]<br/><br/>From the <a href="http://www.zillow.com/mortgage/">mortgage</a> side, do not walk away from the home&nbsp;without looking at other options everyone has mentioned.&nbsp; If you walk away from the home, move to Canada and return to the US and wish to buy a home.&nbsp; You will have to wait if the guidelines stay as is.&nbsp; <br/><br/>Financing is available but strict guidelines will prevent you from receiving financing in the future.<br/><br/><br \><br \>0 replies Sat, 14 Mar 2009 02:04:00 GMT http://www.zillow.com/advice-thread/where-is-the-seattle-market-going-to-be-in-4-months/206291/ 2009-03-14T02:04:00Z what advise would you have for a first time home buyer in redmond/sammamish? http://www.zillow.com/advice-thread/what-advise-would-you-have-for-a-first-time-home-buyer-in-redmond-sammamish/3572/ From what I hear from out of state lenders, title, and whole sale banks is Seattle is one of the best markets out there. I bought, I recommend Buying, and I will buy more, and recommend more.<br/><br/>The only real thing you need to do is talk with a local expert and get per-approved. Through the per-approval process you will learn much more about real estate, mortgages, and the benefits of home ownership.<br \><br \>0 replies Mon, 02 Jul 2012 22:28:00 GMT http://www.zillow.com/advice-thread/what-advise-would-you-have-for-a-first-time-home-buyer-in-redmond-sammamish/3572/ 2012-07-02T22:28:00Z I have my house leased. I want to sell it .. How to do keep my renters in place while I sell ? http://www.zillow.com/advice-thread/I-have-my-house-leased-I-want-to-sell-it-How-to-do-keep-my-renters-in-place-while-I-sell/356346/ Let the tenants know what you're doing and what they can expect.&nbsp; The buyer may be an investor who would love instant tenants so let them know that.&nbsp; Also, who knows, the tenants may want to buy.... to this end, get a mortgage person to write up a prospectus on what buying would mean in the fiancial sense.<br/><br/>If there is a lease involved the lease terms survive the sale and the tenant's rights are protected.&nbsp; The lease may also preclude or allow showings.&nbsp; You might offer the tenants $50 to show the house each time.<br/><br/>You could also offer the tenants a reduced rent during the sale period.<br/><br \><br \>0 replies Sat, 03 Jul 2010 18:28:00 GMT http://www.zillow.com/advice-thread/I-have-my-house-leased-I-want-to-sell-it-How-to-do-keep-my-renters-in-place-while-I-sell/356346/ 2010-07-03T18:28:00Z Are you feeling it? http://www.zillow.com/advice-thread/Are-you-feeling-it/395727/ Loose lending regulations are one of the things that caused the mortgage meltdown. Hasn't that been a problem for the entire economy?<br/><br/><!--StartFragment--> <p class="MsoNormal"><a href="http://www.federalreserve.gov/newsevents/testimony/duke20090325a.htm" rel="nofollow">http://www.federalreserve.gov/newsevents/testimony/duke20090325a.htm</a></p><!--EndFragment--><br \><br \>0 replies Tue, 19 Apr 2011 22:37:00 GMT http://www.zillow.com/advice-thread/Are-you-feeling-it/395727/ 2011-04-19T22:37:00Z Spring Market Speculation http://www.zillow.com/advice-thread/Spring-Market-Speculation/21336/ <p>Anyone care to weigh in on how our neighborhood <a href="http://www.zillow.com/reports/RealEstateMarketReports.htm">real estate market</a> is shaping up?</p><p>With <a href="http://www.zillow.com/Mortgage_Rates/">interest rates</a> down considerably this should shape up as a very interesting time to be buying a home around Magnolia. I am still uncertain as to what impact the new expanded conforming <a href="http://www.zillow.com/mortgage/">loan</a> amount increase will do to the local market here. It is also unclear just how much trouble it will be to obtain financing for a large mortgage...</p><br \><br \>3 replies Sun, 17 Feb 2008 23:23:00 GMT http://www.zillow.com/advice-thread/Spring-Market-Speculation/21336/ 2008-02-17T23:23:00Z When the bank says they can sell a house for a reasonable rate what do they really mean? http://www.zillow.com/advice-thread/When-the-bank-says-they-can-sell-a-house-for-a-reasonable-rate-what-do-they-really-mean/252103/ I have been trying to get my house's <a href="http://www.zillow.com/mortgage/">mortgage</a> modified and they bank told the Lawyers they would help me sell my house for a reasonable&nbsp; rate because they refuse to help me by modify my <a href="http://www.zillow.com/mortgage/">loan</a> What do they&nbsp; really mean? Are they really saying they will do a quick sale? What do they mean?<br \><br \>2 replies Thu, 02 Jul 2009 12:56:00 GMT http://www.zillow.com/advice-thread/When-the-bank-says-they-can-sell-a-house-for-a-reasonable-rate-what-do-they-really-mean/252103/ 2009-07-02T12:56:00Z Short Sales, are they worth it? http://www.zillow.com/advice-thread/Short-Sales-are-they-worth-it/424567/ I have seen some questions in regards to the timeline of negative impact of a Short Sale vs. Foreclosure and hopefully I can shed some light on the subject. Please keep in mind, policies with <a href="http://www.zillow.com/directory/lenders/">lenders</a> and credit reporting agencies change with time, and posts in forums like this online do not. <br/><br/>At the time I writing this, Fannie Mae (the largest conventional <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> buyer in the U.S) has become more lenient with their guidelines when lending to previously foreclosed homeowners. If the borrower has experienced extenuating circumstances such as death in the family, job transfer, or serious illness they may forgive the foreclosure and lend again within 3-7 years. If you do not have an extenuating circumstance, than you will see a 7-10 year period in which you can not borrow money. (from Fannie Mae)<br/><br/>Bank guidelines, although mechanical in nature, are often decided upon by human beings. It is common sense for the underwriter to approve a mortgage to a previously foreclosed borrower if she lost a husband in war, or become seriously ill. However they will not be quick to lend to those who abuse the system and refuse to pay their mortgage for months, trash the house and refuse to leave when properly and legally evicted. <br/><br/>The short answer (pun intended) to how long one can buy a home with conventional financing after a short sale is, 2 years. It is very simple and clear cut with underwriting guidelines. If you want to borrow FHA, it will be 3 years. <br/><br/>Lastly, I want to point out the importance of selling short rather than foreclosing. Your credit score WILL drop significantly more and stay lower longer if you choose to have multiple late payments on your mortgage and foreclose. With that said, you can expect to see a rise with your credit card, auto <a href="http://www.zillow.com/mortgage-rates/">loans</a> and any other financing APR's. <br/><br/>Short Sales can be an excellent way to avoid complete financial catastrophe. Thank you for the opportunity to post and I appreciate any feedback or questions.<br \><br \>0 replies Thu, 08 Dec 2011 03:42:00 GMT http://www.zillow.com/advice-thread/Short-Sales-are-they-worth-it/424567/ 2011-12-08T03:42:00Z If 2 houses are in foreclosure and sell? http://www.zillow.com/advice-thread/If-2-houses-are-in-foreclosure-and-sell/196888/ it is not a loss until you sell. Sit on your <a href="http://www.zillow.com/mortgage/">mortgage</a> and wait out the dips. Bretzke is right, we have to sell off the soft underbelly to reach the real values of a neighborhood.&nbsp; The shortsales and <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosure</a> properties are going to be gone in a few months. Check the market in CA for comparisons today.<br \><br \>0 replies Mon, 09 Mar 2009 20:57:00 GMT http://www.zillow.com/advice-thread/If-2-houses-are-in-foreclosure-and-sell/196888/ 2009-03-09T20:57:00Z I need to know what the interest rates for homes are right now can you teel me? http://www.zillow.com/advice-thread/I-need-to-know-what-the-interest-rates-for-homes-are-right-now-can-you-teel-me/226410/ You should use the <a href="http://www.zillow.com/mortgage/">Mortgage</a> tab at the top and apply to get a real quote.&nbsp; In general, rates for 30 yr fixed <a href="http://www.zillow.com/mortgage/">loans</a> are under 5% now.<br \><br \>0 replies Tue, 21 Apr 2009 22:37:00 GMT http://www.zillow.com/advice-thread/I-need-to-know-what-the-interest-rates-for-homes-are-right-now-can-you-teel-me/226410/ 2009-04-21T22:37:00Z Sequoyah Condos http://www.zillow.com/advice-thread/Sequoyah-Condos/158/ There are a number of re-sales already being listed for sale in Sequoyah.&nbsp; Often the prices are below the original pricing offered by the developer.&nbsp; The problem with that is many of the homeowners are likely backwards on their mortgage.<br \><br \>0 replies Wed, 09 Dec 2009 20:51:00 GMT http://www.zillow.com/advice-thread/Sequoyah-Condos/158/ 2009-12-09T20:51:00Z