Investor Opportunities in Vancouver Neighborhoods

Be sure you check out one of the many many neighborhoods in Vancouver with desirable real estate investment properties.  Many are ‘fixers’ and indications are that the experienced investor is finding properties at the local auctions with good potential profit ratios to either ‘flip’, or keep to rent out. Rosemere is one neighborhood with many ‘fixer-upper’ homes, bungalows and cottages; some priced at below $150,000.  This neighborhood is close to downtown shopping and entertainment, and has easy freeway access.

What is a Short Sale Specialist?

Many people ask me what is a CDPE designation and how can it help you?

The following information is taken directly from the website:

A Certified Distressed Property Expert® is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market, specifically short sales.

The prospect of foreclosure can be financially and emotionally devastating, and often homeowners proceed without guidance of any kind. The developers of the CDPE Designation believe that the best course of action for a homeowner in distress is to speak with a well-informed, licensed real estate professional. They have the tools needed to help homeowners find the best solution for their situation. Often, when other options have been exhausted, CDPEs can help homeowners avoid foreclosure through the efficient execution of a short sale.

While enduring financial difficulties is challenging for any family, the process of finding a qualified real estate professional should not be. Selecting an agent with the CDPE Designation ensures you are dealing with a professional trained to address your specific needs. For more information, contact a CDPE in your area.

CDPEs don’t merely assist in selling properties, they serve and help save their clients in need.

Confusion Runs Rampant No Thanks to the Feds

Why do so many buyers think they are getting such a great deal when they go to the courthouse steps to purchase a home?

We wonder why our country is in such a disaster. This is just a few of many issues we have to deal with. Don’t even start me on Health Care, Welfare and unemployment. This video  pretty much explains it all.

Read the FDIC rebuttal :
http://www.fdic.gov/news/news/press/2010/onewest_lossshare.html
The FDIC explanation of Loss sharing
http://www.fdic.gov/bank/individual/failed/lossshare/

From the NY  Times:

The F.D.I.C. said that of the many offers for IndyMac, IMB’s was “the least costly” to its deposit insurance fund (meaning, “taxpayers”). But the agency — and you and I — still stand to absorb a boatload of losses in the deal.

The Wall Street Journal

From this blog an explanation of the sharing program:

2.1 Shared-Loss Arrangement.

(a) Loss Mitigation and Consideration of Alternatives. For each Shared-Loss Loan in default or for which a default is reasonably foreseeable, the Purchaser shall undertake, or shall use reasonable best efforts to cause third-party servicers to undertake, reasonable and customary loss mitigation efforts in compliance with the Guidelines and Customary Servicing Procedures. The Purchaser shall document its consideration of foreclosure, loan restructuring (if available), charge-off and short-sale (if a short-sale is a viable option and is proposed to the Purchaser) alternatives and shall select the alternative that is reasonably estimated by the Purchaser to result in the least Loss. The Purchaser shall retain all analyses of the considered alternatives and servicing records and allow the Receiver to inspect them upon reasonable notice.

The author goes onto say that, “over 50 different lenders and servicers who have Shared-Loss Agreements executed with the FDIC. Each Agreement offers essentially the same terms. Though other Lenders do not appear to be acting as flagrantly as OneWest, they are all still engaging in the same actions.
They give their solution to this problem:

• For homeowners individually, the most successes are being achieved by borrowers who are getting knowledgeable attorneys who will not just threaten litigation, but are also willing to act and file the necessary lawsuits. That tends to bring OneWest Bank to the table.
• For the country as a whole, and homeowners in mass, the problem must be brought to the attention of your local Congress Critters. You must hold their feet to the fire. They must know that if they do not respond to what OneWest and other lenders are doing, then they are subject to being voted out of their nice and cushy Congressional Offices.

Measure 66, 67: Oregonians Jumping Over the River

The recent Oregon vote to tax the wealthy and corporations are bringing many luxury homeowners over to Vancouver in order to take advantage of lower property taxes and income taxes in Vancouver Washington.

By taking advantage of living in a more friendly environment many wealthy individuals can save their wealth while making the short commute into Portland.

While wealthy individuals are coming over, it isn’t long before the businesses jump over to take advantage of the more favorable business environment.

Vancouver Schools

Vancouver has two school districts: Vancouver Public Schools and Evergreen School District.

The Vancouver Public Schools cover most of west Vancouver and has six high schools: Hudson’s Bay High School, Columbia River High School, Fort Vancouver High School, Lewis and Clark High School, Skyview High School, and the Vancouver School of Arts and Academics (grades 6-12). It also has six middle schools: Alki Middle School, Discovery Middle School, Gaiser Middle School, Jason Lee Middle School, Thomas Jefferson Middle School,Hockinson High School and McLoughlin Middle School.

Vancouver Public School’s elementary schools include Sarah J. Anderson, Chinook, Eisenhower, Felida, Ben Franklin, Fruit Valley Community Learning Center, Harney, Hazel Dell, Hough, Martin Luther King, Lake Shore, Lincoln, Marshall, Minnehaha, Peter S. Ogden, Eleanor Roosevelt, Sacajawea, Salmon Creek, Truman, Walnut Grove, and, Washington.

The Evergreen School District covers most of east Vancouver and has six high schools: Evergreen High School, Mountain View High School, Heritage High School, Union High School, Legacy High School, and the Vo-tech Skills Center.

The district also consists of five middle schools: Covington middle school, Cascade middle school, Frontier middle school, Pacific middle school, Wy’East middle school, and Shahala middle school.

Evergreen School District’s elementary schools include Burton, Hearthwood, Ellsworth, Image, Orchards, Sunset, Silver Star, Sifton, Pioneer, Burnt Bridge Creek (BBC), York, Crestline, Riverview, Marrion, Fisher’s Landing, Mill Plain, Columbia Valley, Harmony, Chinook, Hough and Illahee.

Vancouver is also home to the Washington School for the Deaf and Washington State School for the Blind, and Home Choice Academy, a school for home-schoolers.
[edit] Colleges and universities

* Clark College (two year)
* Washington State University, Vancouver
From Wikipedia

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