Peter J Kim
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Window Of Opportunity For Short Sellers This 2013?

Started this discussion. Last reply by Harry Clay Mar 4, 2013. 1 Reply

Hi guys,Thought I might share my opinion on the housing market and the window of opportunity distressed homeowners have this 2013.Full article here:…Continue

Tags: Short, Sellers, This, selling, For

Should Homeowners Short Sale Now Or Wait?

Started this discussion. Last reply by Sheyenne Schultz Feb 27, 2013. 7 Replies

Hi guys,What do you tell homeowners when they are wondering whether to short sell their homes now or wait until it breaks even? I have my own personal opinion on this:…Continue

Tags: sell, home, foreclosure, to, wait

What Do You Think About The Short Sale Lease Back Program?

Started this discussion. Last reply by Paul (No Bad Days) Smith Apr 5, 2013. 47 Replies

Hi guys,Wondering what your thoughts were on the short sale lease back program that is starting gain traction in the short sale arena.Short sale lease back programs have been around for quite some…Continue

Will The Mortgage Forgiveness Debt Relief Act Be Extended Past This Year?

Started this discussion. Last reply by Simon Campbell Jan 8, 2013. 1 Reply

Hello short sale experts!Wanting to get some opinions on the extension of the mortgage forgiveness debt relief act beyond 2013. Although we were able to avert the fiscal cliff last week, the large…Continue

Tags: modification, loan, foreclosure, 2013, 31

 

Peter J Kim's Page

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First Name
Peter
Last Name
Kim
Are you a...
Agent
State
WA
City
Seattle
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Seattle short sale expert
www.seattleshortsaleblog.com

Peter J Kim's Blog

Which Offer Should A Short Seller Pick In A Multiple Offer Situation?

Posted on May 13, 2013 at 3:18pm 0 Comments

Today's market (5/13/13) favors sellers as we have rapidly shifted from a buyers market to a strong sellers market. This means, short sellers are typically in multiple offer situations and now have choices on offers to choose from. So which offer should the seller choose? Let's explore two important aspects of a short sale purchase and sale agreement that should sway your decision.

What type of financing is…

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Do Loan Modifications Actually Work?

Posted on April 8, 2013 at 8:32am 1 Comment

Loan modifications are a popular option most homeowners turn to when they are struggling with mortgage payments. It isn’t a secret however that it hasn’t worked as well as we hoped. The idea of “modifying” your current loan to create a more affordable payment plan seems enticing but do these popular loan modification programs actually work? Let’s looks at the data.

Don’t get me wrong, loan modifications do work for certain homeowners. Statistically, it is not for the…

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Setting the right expectations with your client prior to short selling?

Posted on March 25, 2013 at 11:17am 1 Comment

Short sales are notorious for their duration to close. It was only years ago when we saw short sales take sometimes up to 2 years to close, causing insurmountable stress to all parties, especially to the seller. So why do short sales take so long? One could easily blame the banks for the delay. However, that accusation does not apply to most banks in 2013. Systems have been upgraded, buyers are buying, and incentives to short sell for both banks and sellers have boosted. So why would a short…

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Short Sale vs Loan Mod vs Refinance

Posted on March 18, 2013 at 11:31am 1 Comment

The three big options for homeowners are short sales, loan modifications and refinance. What have you seen that actually worked?

Options: Refinance, Loan Modification, Short sale.

Refinance

Basics: Refinancing is when you are paying off your old loan with a new loan with lower interest rates.

  • The goods: This option is suitable for those who plan on staying in their home for awhile and/or those who are in an…
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