Wildwood (Port Orchard, WA)
By Dinah Lee Griffey, Managing Broker Windermere Peninsula Properties
(Windermere Peninsula Properties)
  We are all becoming more familiar with the Distressed housing Market. Not that the homes are distressed but it can be said that the owners are. Many of the properties show beautifully and are a great bargain...So why are they still on the market? The easiest way to answer that question is to take a look at the process of getting an approval from the bank. It appears that it would be in the best interest of the lender to accept a sale now, even if the amount is less than owed than to go through months of negotiation and the potential of loosing a buyer only to foreclose, and submit to the process starting all over again. Listing property at a price that is less the amount owed to the lender   Order a preliminary Title   Request a HUD statement once you have an offer.   Permission forms...
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