Seattle distressed homeowners want to know – Where’s the help?

The Federal Loan Modification Program-US Treasury Department

As a Certified Short Sale Specialist in the Seattle real estate market the current horror we are all living through has been in the works for a number of years.  Seattle homeowners came into the irrational exuberance rather late in the game and therefore our prices didn’t rise as rapidly before the collapse hit homes in my market of King and Pierce counties.

This is about the good intentions of a program that went nowhere.  But more on that later.

If you might be a distressed homeowner thinking about a Short Sale, Contact Us.

Hey, I have been working with real estate, providing mortgages to homeowners statewide and investing in Seattle real estate for over 30 years.  I enjoy talking about our local market, how we got here and especially would enjoy your comments or questions.  We learn from the interplay of ideas and comments, so play with me!

This begins a series of blogs designed to educate and update Seattle- Tacoma distressed home owners on what government programs are available and how those programs are faring, rather how Americas distressed homeowners are faring under these guidelines. 

The below video explains the details of the Federal Loan Modification Program implemented March 4 2009 by the US Treasury.  If you would rather see a good written explanation try this US News article “Obama’s Loan Modification Plan: 7 Things You Need to Know“. 

More to come.