Derogatory credit marks can hurt your chances of getting a home loan approved, and in these times when buying a home and getting your loan approved is no small challenge even if you have great credit, I thought it might be helpful to see a detailed breakdown of what the waiting period is for various types of loans with derogatory credit marks.  Click on this image to enlarge it.

Derogatory Credit Marks

Derogatory Credit Marks – Detailed Waiting Periods

Enlarge this image and view the entire list of waiting periods for various types of loan.  If your browser opens it with small print that is hard to read, simply zoom in with your browser by holding the “Ctrl” button and hitting the “+” key several times.

Special thanks is owed to my friends for preparing this detailed list of derogatory credit marks for me:  Eric Gausepohl & Matt Gausepohl at www.SummitLendingServices.com.

If you do have some of these derogatory credit marks on your credit report, don’t give up hope.  Talk to a sharp loan representative who is knowledgeable, experienced, and professional.  Now more than ever, experience in your loan officer is critical to addressing complex issues that could kill your loan.  Underwriters seem to be looking for any reason to turn the loan down, so pre-qualifying is more important than ever.

If I can help you buy your home in Sequim, Washington, and get connected with a loan expert who can help you do some pre-qualification work, email or call me.  I’d be glad to help.  Derogatory credit marks can kill your chances of getting a loan.

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Sequim Real Estate News is pleased to announce another cool addition to this blog for all our readers, many of whom are regular subscribers to our Tuesday evening email newsletter (Sequim Real Estate Email Newsletter).  Keeping up on real estate news in the Pacific Northwest can get confusing.  What are the best and most interesting resources for news and opinions from Sequim to Seattle?

I have collected those news sources for you and placed them in the right hand column of this blog near the bottom.  As news is updated on each of these sites, the links to the articles will scroll down, and you can click on any article title and instantly be reading the full article.  I guess you could say this is Pacific Northwest real estate news at your fingertips on the most popular Sequim Real Estate News blog.

Don’t miss Edy Kizaki’s selection of the top 17 Best Books About Seattle, or Michael Eisenberg’s 365 Things to Do in Bellingham, or Rich Peralta’s Green City USA – Portland.

Courtesy of Chuck Marunde, your favorite Realtor.

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Chuck Marunde, Broker of Sequim & Port Angeles Real Estate, is pleased to announce a very exciting development that will substantially increase his already large Internet presence.  Sequim & Port Angeles Real Estate is now a Branch Office of eXp Realty, the World’s First Fully Immersive Web 3.0 Real Estate Brokerage.

“This gives me an opportunity to continue to do precisely what I have been doing, connecting with buyers from around the country, 85% of whom are using the Internet to search for their next homes, and to broadcast listings with the most powerful marketing tools for selling real estate today.  By associating with eXp Realty, I’m taking my game to an entirely new level,” ads Chuck enthusiastically.  eXp Realty Founder Glenn Sanford describes the company this way:

eXp Realty is a National Real Estate Brokerage with an innovative business environment for collaborating, supporting agents with their listings and transactions, and an ecosystem for social interaction in and outside of the organization.  eXp Realty launched in the fall of 2009, following a name change from BuyerTours Realty (Est. 2007), as a leader in real estate technology and agent compensation, melting away the traditional brick and mortar business model and moving towards a true virtual community, that keeps agent in contact with top agents, the best ideas and technology from around the world.

Our Mission at eXp Realty is to lead the Web 3.0 Real Estate Revolution and the Resulting Industry Paradigm Shift.  eXp Culture is: Virtual, Viral, Transparent, Green, Collaborative, Supportive, Professional, Dynamic, & Paradigm Shifting – with an Emphasis on Relationship Building and Personal Service!

We Provide: Multiple Income Streams, Collaborative and Persistent Education, A Paperless Cutting Edge Technology Platform, and Committee Style Leadership.  Contributing to the success of eXp Realty is an aggressive and favorable growth incentive for all affiliates, a large network of high-trafficked real estate websites in major metros across the country and a streamlined education and mentoring platform to ensure agents success within the system.

For clients all this means they will continue to get the best Internet information, news, and tools on Chuck’s websites and blogs, along with his continued commitment to a consumer-centric focus placing clients at the center of the Universe in terms of honesty and customer service, but the new affiliation with eXp Realty increases the Internet tools available to clients, increases the back office digital support, increases the knowledge and technical expertise working for clients, and ultimately increases the broad marketing of listings on the Internet as well as more platforms to connect with buyers across the country.  The winners in all of this are buyers and sellers as well as Chuck as a broker and agents who work with Chuck, who will earn not only 80% of their commissions, but also earn the right to residual income from an extraordinary company payout plan.

Dale Kreiser, Washington State Broker of eXp Realty, said, “Chuck gets it.  He really understands where the real estate business has been and where the future of real estate brokerage is going.  He’s been successfully building a powerful Internet presence and giving his clients great customer service, especially with his experience as a real estate attorney for 20 years, so we are very excited about Chuck joining us with the opening of our branch office which covers both the Sequim and Port Angeles markets.  This is a perfect fit because of our common values and goals and in the way that we are using modern technology and the Internet to serve our clients’ needs.  Now our national brokerage and our strong team of professionals will be backing up and supporting all that Chuck is doing to serve his Sequim and Port Angeles clients.  This is a winning scenario”

Learn more about eXp Realty.

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You can receive Sequim Real Estate News via email once a week by simply subscribing here.  Once a week you will receive an email with the past week’s list of articles.  You will see the full titles and if any of the articles look interesting, you just click on the title and Voila! you’re reading the article.  [The links are active in the email newsletter.] Here’s what your weekly newsletter would look like in your email inbox:

“Sequim Real Estate and Port Angeles Real Estate Blog” – 9 new articles

1. How to Save Money Buying a Sequim Home
2. Sequim and Port Angeles Home Sales Report
3. From California to Sequim
4. Real Estate and Estate Planning and Death
5. Short Sale Success Depends on Where You Live
6. Bigger, Faster, Stronger is the Motto
7. Port Angeles USDA Affordable Housing
8. Will the Seller Accept a Contingent Offer?
9. Buying Land Checklist
10. More Recent Articles
11. Search Sequim Real Estate and Port Angeles Real Estate Blog

You can just as easily unsubscribe anytime you want.  This is a free Sequim Real Estate Newsletter.  Well, it’s much more than that.  The Sequim and Port Angeles Real Estate Blog is the largest real estate blog in Clallam County with detailed articles on various aspects of buying and selling real estate in Sequim and Port Angeles, legal issues that buyers and sellers want to know about, insider tips about pricing and negotiating, foreclosure secrets, examples of forms, graphs and charts on the real estate market, videos, and a lot more.   The articles are written by a 20 year real estate attorney and now broker and Realtor, author, and Internet marketing consultant.

Subscribe to the Sequim Real Estate Newsletter via Email now.

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Sequim Real Estate Blog, the largest real estate blog in all of Sequim and Port Angeles, is now available on iPods.  If you have an iPod Phone or an iPod Touch, you can simply go to SequimRealEstateNews.com on your mobile device, and you will see all the articles with photos and links formatted just for your iPod.

This advance is part of my continuing effort to bring all the best real estate news, market information, charts, photos, and MLS access to my clients no matter where they may be and no matter how they may be accessing the Internet.  And all of this is free to my clients and prospective clients.

Now you can read the Sequim Real Estate Blog on your iPod from anywhere.  Learn how to search the entire Sequim MLS and Port Angeles MLS on your iPod.

Possibly Related Posts:

• Derogatory Credit Marks – How Long Will They Be On My Credit Report?
• Sequim Real Estate News
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It occured to me that some (or many) may not know I write for the   Real Estate Blog.   You can find those articles on the Seattle P-I site at:

Seattle P-I Real Estate Experts

While we’re on the topic, I also have been appointed an author with “expert” status in real estate for eZineArticles, and you’ll find those articles at:

EzineArticles

I have hard copy articles published in Ultimate Grappling Magazine, because my son is a professional mixed martial arts fighter, but most of my focus is on real estate.   I am a regular writer for Pacific Northwest Home Owner Magazine.

I am the editor of an online local news source called Sequim Topix Online and Port Angeles Topix Online.

And I’m the editor of a national Real Estate Blog Index.

The purpose of all my writing is to give buyers and sellers some help in their decisions, and I admit, I do personally enjoy writing as a means of expressing myself.   But there is one more reason.   I have 1000′s of wonderful people reading my material and expressing their enjoyment and appreciation.   That makes me feel good.   Suggestions for articles?   I’d love to hear them.

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• Sequim Real Estate News
• Sequim and Port Angeles eXp Realty Opens Office
• Sequim Real Estate News via Email Every Week
• Sequim Real Estate Blog on iPods