Sandpoint Idaho Real Estate by Rain Silverhawk |
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 Idaho real estate listings, information and events by Rain Silverhawk.
Provider: Sandpoint Realty
Feed Type: Residential
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Most recent items from this feed:
Verizon activates 4 G in North Idaho and Washington
Verizon just activated 4G wireless to the following areas.
- Chewelah, WA
- Coeur d’Alene, ID
- Colville, WA
- Deer Lake, WA
- Fairchild AFB, WA
- Harrison, ID
- Hayden, ID
- Kellogg, ID
- Kettle Falls, WA
- Medical Lake, WA
- Newport, WA
- Plummer, ID
- Ponderay, ID
- Post Falls, ID
- Priest Lake, ID
- Priest River, ID
- Sandpoint, ID
- Schweitzer Mountain, ID
- Silver Mountain, ID
- Spirit Lake, ID
- St Maries, ID
- Washington State University Campus
Residents in more than 20 Eastern Washington and North Idaho communities with 4G LTE smartphones, laptop modems and hotspots can now join residents in Spokane County to take advantage of speeds up to 10 times faster than the company’s 3G network. The expansion also delivers blazing fast 4G LTE to the Schweitzer Mountain and Silver Mountain ski resorts near Sandpoint and Kellogg, Idaho.
12/31/2011 10:07 AM
3 bedroom, hardwood floors, basement, canning room Railroad Ave Clark Fork Idaho
Bright and roomy 3 bed 1.75 bath on .46 acre, magnificent hardwood floors, updated kitchen and baths. Unfinished daylight basement and shop, deck off master suite with mt views. Lot is large enough to split. Circular drive, Nice big yard, apple trees. Quiet street on edge of town with city winter snow maintenance.
Only $150,000
11/17/2011 11:48 AM
Home, guest home, 10 private acres, Artesian well $155k in Sandpoint Idaho 83864
One of the best deals on the market!
3 bedroom 1 bath single story home with bright open floor plan. Tiled floors, custom kitchen and large office, plus an older mobile with snow room and deck for guests. Monitor barn sheds and green houses. Artesian well with 1500 gallon holding tank, 2 septics, county road, all on 10 private acres full of hiking trails, trees wildlife and views. Electric and phone are on the property, but with the artesian well you can have water when the power is off. I could also see someone putting in a solar array and backup generator to be fully self sufficient. Easy access yet you will have tons of privacy and feel like you are the only one in the woods. Priced way below assessment for a quick sale at $155,000
11/17/2011 11:34 AM
297 Carr Creek, Sandpoint Idaho 4 bed, barn creek, lease option, rental, sale
297 Carr Creek Sandpoint Idaho 4 bed, barn, creek
The tenants are out and the owner wants to rent it. Will consider lease option. THIS IS A FANTASTIC BUY.
WOW! Pond and 300 ft of year round Carr Creek running through property! This 3048 sq ft, 4 bedrooms 3 bath with walk out basement and 2 car garage sits on 5.01 gorgeous acres. Bring the horses, There is a 3 bay tractor shed, and barn equipped with water and power. Great kitchen with hickory cabinets, bamboo floors, spacious master bedroom, 6 balconies, fruit trees and views This is a fantastic deal at $218,900
11/17/2011 11:01 AM
Underwater homes relief in HARP 2.0
Federal Housing Finance Agency announced that they were revising the Homeowners Affordable Refinance Program (HARP).
HARP was created in 2009 to help borrowers whose loans were backed by Fannie Mae, Freddie Mac, but did not have enough equity to
refinance. The original HARP fell short of expectations, The vast majority of homeowners that applied did not meet the requirements of the program. Over the past two and a half years, only 838,000 homeowners have benefited from the program. The changes announced Monday by the Federal Housing Finance Agency, which regulates Fannie and Freddie, lift a cap that had limited the HARP program to borrowers whose homes had lost no more than 25 percent of their value relative to their outstanding mortgage. That limit is now removed. The new HARP 2.0 provides looser eligibility requirements, but is still only expected to help 10% of the home owners needing relief.
Borrowers with Fannie Mae or Freddie Mac mortgages before May 31, 2009, will be
able to refinance, no matter how far underwater they are. Banks will only have to verify
that borrowers have made their last six payments, that they’ve haven’t missed more than
one payment over the past year, and that they have a job or another source of regular
income.
What other key changes are there to HARP 2.0
Risk-based fees have been eliminated for borrowers who refinance to 15-year mortgages.
Existing mortgage insurance coverage can be transferred much easier.
Appraisals are no longer required.
Extending the end date for HARP until Dec. 31, 2013 for loans originally sold to the
Enterprises on or before May 31, 2009.
Who is eligible
Your existing home loan must be guaranteed by Fannie Mae or Freddie Mac
Your home must be a 1- to 4-unit property
You must have a perfect mortgage payment history going back 6 months
You may not have had more than one 30-day late payment on your mortgage going back 12 months
Most notable about the new HARP refinance program, though, is that the government is waiving loan-to-value requirements on a HARP loans. Homeowners’ participation in the program are no longer restricted by their home’s appraised value. In fact, the new HARP doesn’t even require an appraisal, in most instances.
Am I eligible for the Home Affordable Refinance Program if I'm behind on my mortgage?
No. You must be current on your mortgage to refinance through this program.
I lost my job, am I eligible?
No. Income verification is required for the HARP 2.0 program.
Will the Home Affordable Refinance Program help me avoid foreclosure?
No. It's meant to give homeowners who are current on their mortgages, a chance to refinance at today's low
mortgage rates. It is not meant to help people facing a foreclosure.
Is my loan eligible for HARP 2.0
Your mortgage must be guaranteed by Fannie Mae or Freddie Mac.
You can look up your loan at:
http:loanlookup.fanniemae.com/loanlookup/ calling 800-7FANNIE (8 am to 8 pm ET)
https:ww3.freddiemac.com/corporate 800-FREDDIE (8 am to 8 pm ET)
What if my loan does not appear on these 2 websites.
Then you are not eligble. This program is only available to FannieMae and Freddie Mac loans. FHA and USDA loans do not qualify
10/28/2011 11:43 AM
Short Selling without a missed payment (??)
Hi
I work short sales all the time and I usually encourage my clients to keep up with the payments the best that they can. Even if that means making partial payments. About half of my short sales are negotiated with the clients current on their loan. They take alot less of a hit on their credit. I have only had the bank ask for a seller contribution one time on a client that was current on their loan and I got them to back down because my client was current. I have had the bank ask for seller contributions on loans that were delinquent and they used the excuse that the owner was 1 year delinguent and shouldnt be able to just walk away.
I have seen people get very hurt by getting bad advise from an agent to not pay their mortgage. Usually when someone gets to the point they are considering a short sale, they have a definate verifiable hardship. I believe this hardship is more of the deciding factor.
Short sale negotiations are unpredictable. They are like snow flakes and no two are alike. The best thing to do is prepare your seller that the bank may ask for a contribution, then fight them tooth and nail if they ask and it is just not something your seller can do. Via Mark Geis (Coldwell Banker, Mulleady, Inc. Realtors):
I'm often asked by sellers the same question time and time again:
"Don't I have to be late on payments before I can qualify for a short-sale"?
The answer, in a nutshell, is NO. Banks will negotiate a short-sale if there is a great risk of "Imminent Default."
HUD defines "Imminent Default" as:
1. Is current or less than 30 days delinquent on their loan.
2. Has a documentable hardship, which can include a reduction in income or a loss of employment OR a change in household situation, such as death in the family, divorce, serious illness or other issues.
Obviously, the greatest benefit to not missing any mortgage payments and proceeding with a Short Sale is that it can reduce the amount of time for anyone to buy another home with a mortgage in the future. Unfortunately, in this marketplace, it's not always possible.
10/18/2011 11:37 AM
Changes to HAFA Program Update
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Short Sale Agent Update:
Changes to HAFA Program*
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On Aug. 9, the U.S. Department of the Treasury released Supplemental Directive 11-08: Home Affordable Foreclosure Alternatives Program (HAFA) - Policy Update containing updates to the program. Bank of America fully implemented these changes effective Oct. 15.
Policy enhancements impact agents and borrowers:
- An FAQ clearly defines program criteria and rules. Borrowers can access the information from the Home Loan Assistance website at bankofamerica.com/homeloanhelp by:
- Navigating to the Next Steps section or selecting Frequently Asked Questions from the Additional Support area.
- Look for the "If my mortgage is not owned by Fannie Mae or Freddie Mac..." question and select Home Affordable Foreclosure Alternatives Policies.
- Subordinate lien cap of $6,000 does not apply to non-mortgage subordinate liens; however, a portion of the gross proceeds may be negotiated toward payment of the non-mortgage subordinate liens.
- Defined process for property re-evaluation and for requesting value reconsiderations.
- Borrower relocation incentive may be used to pay transaction costs.
Action requested: View the HAFA 11-08 Enhancements and FAQ.
*Please Note: This guidance does not apply to mortgage loans that are owned or guaranteed by Fannie Mae or Freddie Mac, insured or guaranteed by the Veterans Administration, the Department of Agriculture's Rural Housing Service or insured by the Federal Housing Administration.
Visit the Agent Resource Center at bankofamerica.com/realestateagent for educational guides, news and resources to help agents complete a short sale at Bank of America.
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10/17/2011 02:38 PM
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