What is the difference between a Short Sale and a Foreclosure

As unfortunate as it can be when homeowners fall behind on mortgage payments and must face the possibility of losing their homes, short sales and foreclosures provide them options for moving on financially. The terms are often used interchangeably, but they’re actually quite different, with varying timelines and financial impact on the homeowner. Here’s a brief overview.

A short sale comes into play when a homeowner needs to sell their home but the home is worth less than the remaining balance that they owe. The lender can allow the homeowner to sell the home for less than the amount owed, freeing the homeowner from the financial predicament.

On the buyer side, short sales typically take three to four months to complete and many of the closing and repair costs are shifted from the seller to the lender.

Short Sale vs Foreclosure

On the other hand, a foreclosure occurs when a homeowner can no longer make payments on their home so the bank begins the process of repossessing it. A foreclosure usually moves much faster than a short sale and is more financially damaging to the homeowner.

After foreclosure the bank can sell the home in a foreclosure auction. For buyers, foreclosures are riskier than short sales, because homes are often bought sight unseen, with no inspection or warranty.

Posted on January 17, 2018 at 6:39 pm
Windermere K-2 Realty, LLC | Category: Buying a Home, Home, Uncategorized | Tagged , ,

Why Community Involvement from your Agent Should Matter to You

Free Masks During Fire Season

Kandi Bersanti winning 2016 Community Involvement Award

This is a topic that is close to my heart. The more involved I get in the Moses Lake Community the more I see, especially this community, how much we need people to get involved. We want to have a community that everyone wants to belong to, we want to feel that what we do matters to this community. With Windermere’s emphasis on community and core values we are able and expected to be out in the community making it a better place to live for you. Every time you use a Windermere agent you are saying that community matters and that businesses that contribute are important to you. Here we are as a company making a living off of those that live in our community and those who choose us, there should be a level of expectation from you that the business will in turn contribute in a positive manner to the place that you live. Look at those you do business with in the community and pay attention to those that you see out doing good and understand and see where their companies heart truly lies. What are they doing to help make this place better?

This year we were able to contribute thanks to you to:

Grant County Homeless Task Force

Moses Lake Canine Program

Moses Lake Museum and Art

Community Family Services

Grant County 4-H & FFA Sale

Boys & Girls Club

Moses Lake Booster Club

Community Services of Moses Lake

Columbia Basin Allied Arts

Big Bend Intervention Fund Donation

Windermere Shred Day

This list is not inclusive of all the committees we are involved with and individual donations we all make as agents.  We at Windermere THANK YOU for allowing us to do what we do.

2017 Donation Tree to Habitat for Humanity

Posted on December 12, 2017 at 10:06 pm
Heather Adkinson | Category: Community, Great things about this little town, Uncategorized | Tagged ,

Moses Lake Agriculture Parade

The Moses Lake Ag parade has been a staple in this Agriculture town for over 20 years now.  Started in 1995 by Sue Tebow this year she will be honored with the title “Grand Marshall” of this yearly parade.

This parade, on December 1st, filled with lighted tractors, farm equipment, and community merchants, is a perfect accompaniment to the close ties that we share with Agriculture here in the Basin.  If you’ve lived here long enough we all know and have been helped in some way by the local farmers and their contribution to the community.  Just look towards the lighted corridor on I-90 through Grant County and you will see their willingness to make the holidays brighter even for those driving back and forth across the state.  Farm land ablaze with Christmas characters for miles keeps us all entertained in those long hours of driving.

This parade honoring our local farmers will begin in Sinkiuse square at 5:00 pm.  The local stores will remain open for shoppers and on the streets you will find toasted marshmallows, hot chocolate, fresh made mini doughnuts and best of all FREE french fries donated by Simplot.  In addition to the food there will be local dance and singing talent organized by Dale Roth in the square.  Lighted parade will begin at 7:00.

All of this is put on and hosted by the Moses Lake Business Association as they strive to supply this city with a thriving downtown community where local residents can enjoy the local food and fare.  Come join us, bundle up warm, as we pay tribute to the industry that keeps food on our table. We could not do it without all the help from this giving community.

Posted on November 29, 2017 at 6:55 pm
Heather Adkinson | Category: Great things about this little town, Moses Lake Relocation, Things to do, Uncategorized | Tagged , ,