Subject:

Foreclosures

  • Blogs

    May 15, 2012

    Foreclosure Fairness Act Figures Show Most Participants Still Get the Boot

    Last year, the legislature passed a bill requiring lenders on the verge of foreclosing to participate in mediation with homeowners. As sponsor Rep. Tina Orwall explained in a Real Change op-ed, the intent was to "help homeowners stay in their homes." Nine months after the Foreclosure Fairness Act t ... More >>

  • News

    May 9, 2012

    Tales from the Housing Bust

    When people walk away from an underwater mortgage, they don't always walk away.

  • Blogs

    April 6, 2012

    Finch Dog Rescue Saga Ends With Unique Foreclosure Auction in Burlington

    There was a foreclosure auction last month at a Hampton Inn in Burlington. On hand were pictures of the properties for sale, and documents to give the new owners. What made this auction remarkably unusual was that the pictures were of dogs, the documents their medical records.

  • Blogs

    January 31, 2012

    'Strategic Defaults' Take Off in Seattle; Lawyers, Doctors Walk Away from Mortgages

    In recent months, the national press has spotlighted a new type of foreclosure. It involves so called "strategic defaults," whereby homeowners can afford their mortgage but nevertheless choose to walk away. And it's happening here--in droves-- according to Seattle real estate attorney David Leen.

  • Blogs

    January 27, 2012

    David Fennell, Once Suspended Lawyer with Foreclosure Trustee, Now Accused of Over-Billing

    As if the foreclosure crisis hadn't generated enough distrust of the real estate industry, now comes another scandal. A complaint filed with the Oregon State Bar accuses an executive of Bellevue-based Northwest Trustee Services--a huge operation that has implemented a quarter million foreclosures- ... More >>

  • Blogs

    October 27, 2011

    Dixie Mitchell's Lawyer Explains How to Stop a Foreclosure

    ​Dixie Mitchell tried for years to modify the loan on her Central District home. She pleaded with the bank repeatedly. She approached politicians. In 2008, she appeared with Gov. Chris Gregoire at a press conference on predatory lending. But none of that helped Mitchell any. This month, the 7 ... More >>

  • Blogs

    May 19, 2010

    Dino Rossi Spokeswoman: "He's Not Talking About Foreclosures"

    Voters tend to get turned off if this is how they think you're making your money.​Coming on the heels of yesterday's disclosure that possible Senatorial candidate Dino Rossi would be speaking at an upcoming conference on how to make money off of foreclosures, a Rossi spokesperson told Strange ... More >>

  • Blogs

    May 18, 2010

    Target Practice: Dino Rossi Tries to Endear Himself to Voters By Profiting Off of Foreclosures

    Rossi is also expected to give the keynote at next week's annual Knee-Dropping Orphans conference.​Target Practice is our daily aim at a hypocritical politician, worthless law or random nincompoop who deserves a bit of buckshot in the backside. Note to potential political candidates: if you w ... More >>

  • Blogs

    July 30, 2009

    Plenty of Bad Economic News to Go With Your Little Bit of Good Economic News

    ​If it seems like every time we get some good news about the local economy, it ends up getting drowned out in bad, that's because that's what happens. Earlier this week, Quadrant homes, the state's biggest homebuilder, announced that it was ramping up new construction, perhaps signaling that t ... More >>

  • Blogs

    March 10, 2009

    Our Subprime Time Is Coming

    We hate to be all doom and gloom about Washington's homeowners, but it's looking all doom and gloom for Washington's homeowners--at least for the fair number paying a high premium for their mortgages. And African-Americans and Latinos were more likely to be paying that high premium. According to a ... More >>

  • Blogs

    January 16, 2009

    More Foreclosures for Vultures

    You gonna eat that?It shouldn't come as a surprise to anyone, but local foreclosures have more than doubled since 2006, giving us a rate that's "among the worst we've seen." Which of course means more business for Matt Steel (pictured above), the "Foreclosure Vulture" Nina Shapiro profiled in Novemb ... More >>

  • News

    November 12, 2008

    Foreclosure Vultures

    A crashing housing market is just another profit opportunity for some Seattle scavengers.

  • Blogs

    September 26, 2008

    SPL Book Sale at Magnuson Park

    A crashing housing market is just another profit opportunity for some Seattle scavengers.

  • News

    April 2, 2008

    Sold Out

    The state cracks down on foreclosure "rescue" schemes—too late for one (former) Bellevue homeowner.

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