My Experience, Credentials, Track Record, and Awards
 With more than 30 years of business experience, I have learned that service that excels depends greatly on two things: being a good listener and acting in accordance with what you hear. Whether buying or selling, I welcome the opportunity to be of service to you! Not only do you deserve to find the best value in all of your real estate transactions, you also deserve high value in your REALTOR. This is why I have pursued education and training to receive the following nationally recognized real estate designations: ABR (Accredited Buyers' Representative), CDPE (Certified Distressed Property Expert), CRB (Council of Real Estate Brokerage Managers), CRS (Council of Residential Specialists), and GRI (Graduate, Realtor Institute). As a consultant and professional real estate practitioner, I am proud to display these accomplished recognitions. Please, put my experience and knowledge to work for you when you decide to buy, trade and/or sell property in the Puget Sound area.
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Foreclosures >5. What Happens During the Foreclosure
- Missed payments. The first sign that foreclosure is coming is when a homeowner gets behind on their house payments. Lenders usually understand if a homeowner falls behind on one or two payments and will offer repayment plans so the homeowner can get back on track. However, if they don’t, the foreclosure process will continue.
- Lender notices. After a homeowner misses payments, the lender will get in contact with them either by mail or phone. (The timeframe depends on the lender.) The lender will most likely want to avoid foreclosure as much as the homeowner, so this dialogue can benefit the homeowner in finding alternatives to foreclosure.
- Options are discussed. The homeowner and the lender can brainstorm ideas on how to rectify the situation. If the homeowner and the lender can come to an agreement on payments to get the mortgage back on track, the situation is resolved and foreclosure is avoided.
- Foreclosure filing. If there is no solution to the process, the lender will begin filing a lawsuit to foreclose on the home. This brings the question of foreclosure before a judge. During this process, a title search must occur to make sure if the lender is permitted to foreclose and is not engaging in unjustified foreclosure. In some jurisdictions, court-ordered mediation must take place between the lender and the borrower after the borrower is served with the foreclosure suit, but before the final foreclosure decision, as a last-ditch effort to avoid foreclosure.
- The home is foreclosed on. The lender resumes all rights and responsibilities of the property. The previous homeowner no longer owns the home.
- Foreclosure auction. Usually, the house will then go to a foreclosure auction to be sold. In order to get rid of the home fast, the lender can sell the home at a lower price.
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What is currently the most sought-after amenity in the majority of upscale homes?
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Technology that "enables" a home with features such as structured integrated wiring and broadband Internet access is the current amenity of choice. |
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Probate
What steps are needed in handling probate matters? Find the direction and answers that you need!
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