Archive for the ‘foreclosures’ Category
State Bond Down Payment Services Would Result In A Lien On Your Property
May 17th, 2012 | 
Author: Hello everyone Jesse Moore right here with Pickett Street Properties of Washington, where we’re redefining real estate, thanks for taking the time to take a look at my blog today. Our group of short sale specialists are devoted to serving to Seattle area householders avoid foreclosure and I update my weblog frequently to supply information on all of your real estate options. In case your mortgage is at present underwater, or if you are already contemplating a short sale, please take a minute to browse my web site or contact me directly to discuss your options for avoiding foreclosure.
For my weblog right this moment I wanted to discuss a unique subject involving a short sale where a state bond was used for a down payment. In the state of Washington there are a number of different programs in place to help first time homebuyers with their down payment. These programs enable first time homebuyers to borrow as much as ten thousand {dollars} for a down payment on a property in Washington. Of course this cash just isn’t free and in the end creates a lien against the property until it’s paid off. Previously, when houses normally went up in value, these bonds had been then paid off with the revenue made when the house is sold. Given the down turn in the real estate market this is most likely not an option for many Washington homeowners.
If in case you have a state bond lien on your property and must short sale you may not have to pay off the complete amount. A variety of these mortgages are through Bank of America and I’ve loads of experience working with their team. So do not be alarmed in case you have a lien we will still get you a short sale approval. When you have any questions on this topic please reach out to our group for help today. Thanks for your time and I hope you’ve got an excellent day.
For more information on short sales and how to avoid foreclosure, visit the Pickett Street Properties blog or you can also contact Pickett Street and get started today.
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