HELPING OTHER BROKERS
TO STRUCTURE DEALS 
AND GET THEM CLOSED

● I am a real estate broker and a real estate attorney. I can wear either hat or both. I help buyers, sellers, and other brokers throughout Washington. Bring me on board when your purchase or sale involves legal issues or when you just want the assurance of having an attorney on your side.  I can often quote a flat fee payable at closing.  

● If I serve as your primary listing broker or your primary buyer broker, I often agree not to charge extra for dealing with any legal issues that come up during the transaction.   

I often co-broker with other brokers.  See my co-brokerage agreement. When I do so, I again can often quote a flat fee payable at closing. The buyer or seller pays me the flat fee at closing as a separate commission.  

● I help with commercial transactions, seller financing, wrap-around deals, assumptions, lease options, and short sales. Such transaction are all different, and an attorney should be involved – to get the transaction set up right and send it to escrow all ready to close.  

● I ran an escrow department in my law office for 20 years. I have reviewed or written or rewritten thousands of real estate contracts. For five years I ran Deal Mortgage. I am a licensed but inactive mortgage loan officer, so I understand financing.  ● It’s okay to call me. There is no charge for telephone inquiries, whether from buyers, sellers, or brokers. Call 425-774-6611.

● I am very involved in green politics. See www.JamesRobertDeal.org

● I am the president of Fluoride Class Action. See www.Fluoride-Class-Action.com

●  I am the president of the Coalition Against Smart Meters and 5G. See www.JamesRobertDeal.org/Smart-Meters.    

James Robert Deal, Broker and Attorney
KW Everett
WSBA # 8103, DOL # 39666 NMLS #64871 

425-774-6611
James@JamesDeal.com

JRDeal-caricature-png

Bank of America – Fannie Modification

Bank of America – Fannie Modification

HMH came to me following a financial hardship. He faced high payments on his Bank of America serviced loan, with a rate of 5.625. The investor is Fannie Mae. HMH is self-employed as a taxi driver. He also owns a rental house in Brooklyn, which breaks even or makes a...

Banks Forgive Mostly Worthless Seconds

Banks Forgive Mostly Worthless Seconds

The Second-Mortgage Shell Game By ELIZABETH M. LYNCH   Thanks to the New York Times IN January, federal regulators announced an $8.5 billion agreement with 10 mortgage servicers to settle claims of foreclosure abuses, including bungled loan modifications and the...

More Foreclosures Coming

Where is the housing market going in 2013? Thanks to CBS News   (MoneyWatch) The housing market in 2013 stands on a precipice. While there is hope that the slow, but real, housing recovery that took hold last year will continue, fear remains that a sudden economic dip...

Zombie Titles

The latest foreclosure horror: the zombie title By Michelle Conlin  Thanks to Reuters. COLUMBUS, Ohio | Thu Jan 10, 2013 1:58pm EST (Reuters) - Joseph Keller doesn't expect he'll live to see the end of 2013. He blames the house at 190 Avondale Avenue. Five years ago,...

Consumer Financial Protection Bureau Guidelines

U.S. Consumer Watchdog to Issue Mortgage Rules By EDWARD WYATT Thanks to New York Times Published: January 10, 2013 WASHINGTON — Banks and other lenders will be prohibited from making home loans that offer deceptive teaser rates or require no documentation from...

Stratigic Default

Giving Up and Getting Out Foreclosures are no longer a last resort, and a growing percentage of americans think it’s ok to strategically default LISA IANNUCCI Years ago, homeowners viewed foreclosure as a last resort – after all other means had been exhausted to save...

Jumbo Modification

A residential property where the first loan was more than around $729,000 at the time of the default is not eligible for modification under the Making Home Affordable program. However, home owners with jumbo-size loans should not despair - especially if their home is...

What Caused the 2007 Crash

The Trillion Dollar Mistake That Triggered the Economic Meltdown Thanks to Martin Andelman It was summer, 2006, and Fed Chair Alan Greenspan had just raised interest rates for the 17th consecutive time in an effort to cool off the over-heated U.S. housing market.  ...

Strategic Defaulters – To Jail With You

FHFA Looking to Jail Strategic Defaulters by my friend Martin Andelman   The Federal Housing Finance Administration (“FHFA”), which is the agency created to oversee Fannie Mae and Freddie Mac… the one run by perhaps the least popular man in America for his refusal to...

Still No Justice for Mortgage Abuses

Still No Justice for Mortgage Abuses September 1, 2012 Thanks to New York Times It has been six months since the big banks settled with state and federal officials over evidence of widespread foreclosure fraud, promising to provide $25 billion in mortgage relief in...

Successful Citi Modification

On this modification with Citi there was no principal reduction because the property was not underwater. However, the interest rate was reduced from 6.375% to 2.0% for five years, 3.0% for one year, and then 3.875% for the next 35 years. Read the details here:...

Midland Mortgage Modification

We negotiated a good deal for Dennis and his wife. They went from a 9.5% rate to 2.0% for five years, then 3.0% for a year, and 3.875% for the balance of the loan. They also got a $24,000 principal reduction. Read the details here:...

Misconceptions About Modifications

Read Richard Fonfrias on Seven Costly Misconceptions About Mortgage Loan Modifications: http://washingtonattorneybroker.com/wp-content/uploads/2012/08/richard-fonfrias-7-costly-misconceptions-about-mortgage-loan-modifications.pdf

Who is Liable on Business Credit Cards?

Business credit cards and the individual bankruptcy case by Cathy Moran, California Bankruptcy Lawyer Small corporations may have their names on the shareholder’s credit card, but likely are not actually liable for the charges made on the card.� Clients come with...

Happy Clients

I only post a quarter of the modifications we complete, and I have not posted any of them for some time.I will get caught up on that job when we get back from our road trip vacation. But I just have to post this letter from a client regarding a modification that is...

Forensic Audits Not Useful

Homeowners: Don’t Be Scammed by Forensic Audit of Mortgage Docs Posted: 19 Jun 2012 10:00 PM PDT Written by Craig D. Robins, Esq. Unfortunately, homeowners who can barely afford their monthly mortgage payments or who are in foreclosure are in a very vulnerable...

Should You Reaffirm a Mortgage in Bankruptcy?

Should You Reaffirm a Mortgage in Bankruptcy? 12 Jun 2012 05:00 PM PDT Written by Craig D. Robins, Esq. Reaffirming a debt in bankruptcy means that you continue to be obligated on the debt as if you hadn’t sought bankruptcy protection. Debtors sometimes reaffirm their...

Martin Andelman on HAMP 2

HAMP 2 is HERE Some say it’s the best HAMP yet, and they’re probably right about that. by Martin Andelman This past year has been transformational as far as the foreclosure crisis was concerned, although we weren’t sure what was being transformed much of the time, and...

When can you file bankruptcy again?

When Can I File Bankruptcy Again? by Bankruptcy Law Network There is no limit on the number of bankruptcy cases that one may file. In fact, there is no limit in between time frames to file bankruptcy. Nevertheless, if sufficient time between filings does not take...

Debt Settlement

Don’t File Bankruptcy! by Douglas Jacobs, California Bankruptcy Attorney That’s the cry of the “debt settlement” industry.  They claim that they will help you rid yourself of debt without bankruptcy. If you avoid the out-right crooked companies, can they do it?  Sure…...

Bank of America Principal Reductions

Bank of America has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an average of $150,000 each. The reduction for qualifying homeowners could amount to monthly...

Foreclosure and Income Tax Consequences

Foreclosure and Its Income Tax Consequences (TheNicheReport) — In a recent issue of The Niche Report I wrote an article on how to safely “walk away” from your mortgage. That article discussed consumer protection statutes, enacted by such states as California, known to...

Wells Fargo and Robo Signing

By Travis Waldron, Think Progress Posted on April 20, 2012, Printed on April 21, 2012 http://www.alternet.org/newsandviews/907008/wells_fargo_insiders_detail_foreclosure_fraud_practices%3A_%E2%80%98it%E2%80%99s_exactly_like_an_assembly_line%E2%80%99   That Wells Fargo...

Is consumer protection enough to fix housing?

Is consumer protection enough to fix housing? HW Magazine April 2012 by Christopher Whalen It is an election year and, no surprise, President Barack Obama is pushing his new Homeowner Bill of Rights that would slow or curb foreclosures when mortgage holders fall...

Washington Supreme Court Hears MERS Case

WA State Supreme Court Hears Arguments in Case Against MERS   “May a party be a lawful ‘beneficiary’ under Washington’s Deed of Trust Act if it never held the promissory note secured by the Deed of Trust?”   That’s the key question the Washington State’s Supreme Court...

How Many Kids Have Fluorosis?

4-1-12 Thanks to Paul Lamoreaux of Port Angeles who tracked down the information I needed: I wanted to know how many kids there are in the US age 12 - 15, because this is the group of which 41% has some degree of fluorosis. I wanted to show in plain numbers how many...

Principal Reductions May Be Coming

Freddie CEO signals GSE principal reduction could be soon By Jon Prior • March 23, 2012 • 11:14am Freddie Mac CEO Charles "Ed" Haldeman gave a strong signal Friday that new incentives from the Treasury Department may be enough to start principal reduction on mortgages...

No Free House

Filing Bankruptcy And Getting Your Free House by Jay Fleischman, New York Bankruptcy Lawyer I’ve been meaning to tell you something for awhile now. It’s going to be a bitter pill to swallow, but it’s better that you know now rather than later. Someone’s be spreading...

Raise the Minimum Wage

Ralph Nader: Minimum Wage Needs To Catch Up With 1968 – OpEd Written by: Ralph Nader March 1, 2012 How inert can the Democratic Party be? Do they really want to defeat the Congressional Republicans in the fall by doing the right thing? A winning issue is to raise the...

Pooling and Servicing Agreement Look Up

HOW TO FIND YOUR POOLING AND SERVICING AGREEMENT It may be very valuable to your case for you to have a certified copy of your Pooling and Servicing Agreement (“PSA”), your Prospectus and your Prospectus Supplement. The bank worked hard to hide it from you, and their...

Arizona asserting right to write down mortgages

Arizona’s SB 1451 – Does Arizona Have the Right to Save Itself from Drowning in Underwater Loans? Drowning in the desert.  The irony alone could kill you. Arizona’s Senator Michele Reagan (R-Scottsdale) is a very courageous politician.  This year she has introduced SB...

40 Million McMansions

America has 40 million McMansions that no one wants By Christopher Mims 9 Feb 2012 11:12 AM   Americans, especially generations X and Y, want shorter commutes, walkability and a car-free existence. Which means that around 40 million large-lot exurban McMansions, built...

Second Mortgage Time Bomb

Chapter 13 Bankruptcy Time Bomb: Mortgage Modification  by Eugene S. Melchionne, Connecticut Bankruptcy Lawyer One of the major benefits of Chapter 13 Bankruptcy is the ability to avoid second mortgages that are not secured by any value in your home.  By following...

Ocwen Backs Principal Reductions

Ocwen Backs Principal Reductions, Mandatory Outsourcing to Improve HAMP By: Carrie Bay 03/03/2010 Ocwen Financial Corporation has one of the industry’s most impressive track records when it comes to restructuring loans under the federal guidelines of the Home...

Farmer – Fisher Chapter 12 Bankruptcy

Chapter 12 Bankruptcy 2inShare by Douglas Jacobs, California Bankruptcy Attorney A largely forgotten form of Consumer bankruptcy is Chapter 12.  Although geared for a family farmer or fisherman, they are designed to be filed by consumers rather than companies. A...

Forgery in Missouri Foreclosures

Company Faces Forgery Charges in Missouri Foreclosures By GRETCHEN MORGENSON Published: February 6, 2012 One of the largest companies that provided home foreclosure services to lenders across the nation, DocX, has been indicted on forgery charges by a Missouri grand...

An Easier Path to Refinancing

February 4, 2012 An Easier Path to Refinancing It is only a first step toward healing the economy’s biggest open wound, but President Obama’s new mortgage refinancing plan could provide considerable relief for millions of homeowners shackled to high interest rates. If...

Bankruptcy: What Are You Waiting For?

Bankruptcy: What Are You Waiting For?  by Dana Wilkinson, Attorney at Law Happy Groundhog Day! Lately the same refrain keeps cropping up in my practice:  why did you wait so long?  I understand that very few people want to file bankruptcy, and I agree that the...

Fluoridation is Illegal – Sign Petition

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