You are currently browsing the category archive for the ‘Lake Oswego Info’ category.

Our Spring-like weather in January looks like it will continue into February.  Pre-mature signs of Spring are showing in our yards due to our unseasonal warm weather.  My forsythia, the first sign of Spring in my yard, was blooming in early January already. I think we will have an early Spring!

Lake Oswego February 2018 Events

Month of February – Stewardship Opportunities:

  • Lily Bay Natural Area – February 4, 9-11 a.m. Park at top of Diamond Head Rd. and walk to natural area.
  • Southwood Park – February 10, 10 a.m. – 12 p.m. Park at neighborhood Southwood Park, 6200 SW Pamela St.
  • East Waluga Park – February 17, 9:30-11:30 a.m. Parking at 15505 Quarry Road.
  • River Run Work Party – February 17, 9 a.m.
  • Springbrook Work Party – February 24, 9 a.m.

February 2 – Blood Drive. 9:30 a.m.-2:30 p.m. City Hall

February 2 – 5-7 p.m. Arts Council of Lake Oswego – First Friday. 520 1st St, Lake Oswego, OR 97034

February 3 – Child Safet Seat Clinic.  Main Fire Department. 10 a.m.-1:30 p.m.

February 5 – Official Art Show Reception and Meet The Artists – LO Reads. 6-7:30 p.m. Lakewood Center

February 5 – State of the Watershed Event. 6-8 p.m. Hawthorne Room. Mountain Park Clubhouse, 2 Mt. Jefferson Terrace.

February 15 – 5 p.m. Deadline for submission of Grant Applications – Municipal and Tourism Grants. Call 503-635-0254 for additional information.

February 16 – Deadline to submit application for becoming a vendor in the 2018 Farmers’  Market. Submit applications on-line a https://www.ci.oswego.or.us/lofm/becoming-vendor.

February 22 – County Club Road Improvements. City Hall – Council Chambers. 6:30 p.m.

Events

Have an event you’d like advertised here?  If it is in Lake Oswego, send me an email and I will gladly post it here. I post Lake Oswego events monthly, so if you know of an upcoming event, or one in the current month not posted here, please let me know.

More Activities In Lake Oswego

There are other activities and events at Lake Oswego Parks & RecreationLake Oswego Public Golf CourseLake Oswego Adult Community Center, Lakewood Center for the Arts,  Lake Oswego Calendar, and the City Library.

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1978 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2018. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

Advertisements

Lake Oswego Events January 2018Copyright Betty Jung

How many of you are still saying or writing 2017?  It is here – 2018.  Happy New Year! As I see more activities/events posted elsewhere, I will add them here.  Check back!

Month of January – Heal Month – Healthy Eating Active Living….Well in Lo! Look for the HEAL logo to support your local restaurants that offer healthy eating options.

Month of January and February – Food and coat collection drive.

January 5 – 5-7 p.m. – First Friday Art Opening. 510 Museum & ARTspac, 510 1st Street, Lake Oswego, OR 97034

January 5-6 – 9 a.m. to 4 p.m. – Boy Scouts from Troop 230 in LO will be at the Yakima building and George’s Rogers Park next weekend ( first weekend in January). They will recycle trees and wreaths. This is their annual and only fundraiser so donations are appreciated.

January 5-17 – Art Mart. Donate artwork to benefit LO’s art community. Accepted pieces include paintings, drawings, frames, sculptures, prints, ceramics, or mixed media works.  The Arts Council of Lake Oswego will accept most any artistic creation that is in good condition.  12/27-1/15 – Artwork Drop Off. 1/5-First Friday Opening. 1/13 – Last day for accepting donations.  Write off on your 2018 donations.

January 8 – 6:30 p.m. – 12th Annual LO Reads Kickoff & Book Giveaway. Lake Oswego Library – 706 Fourth Street, Lake Oswego. Good Morning, Midnight. Bring your Lake Oswego Library card to receive a free copy of Good Morning, Midnight, thanks to the Friends of the Library. The line starts forming early and books will be handed out until they are gone. Books will be handed out beginning at 6:30pm. Book related food like trail mix, Chai tea and caribou jerky while waiting in line. 

January 9 – 7-8 p.m. Lake Theater & Cafe, 106 North State Street, Lake Oswego, OR 97034 – Pints from the Past: World War II in Oregon. Speaker Charlie Presti will examine the impact the conflict had on the economy, demographics, society, gender, and race. Topics include the Kaiser Shipyards, Vanport, war-time initiatives, women in the workforce, population movements and diversification, and Japanese internment. The lecture will be accompanied by photographs from the Oregon Historical Society’s Digital Archives.

January 12 – Lake Oswego Hikers May-August Planning Meeting. 9-11 a.m. Santiam Room. Palisades. 1500 Greentree Rd., Lake Oswego.

January 16 – 7-8 p.m. – William Stafford Birthday Celebration. An Evening of Poetry. Lake Oswego Library is located at 706 Fourth Street, Lake Oswego. For more information, contact Alicia Yokoyama at 503-534-4228 or ayokoyama@ci.oswego.or.us.

More Activities In Lake Oswego

There are other activities and events at Lake Oswego Parks & RecreationLake Oswego Public Golf CourseLake Oswego Adult Community Center, Lakewood Center for the Arts,  Lake Oswego Calendar, and the City Library.

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1975 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2018. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

Wondering how to dispose or recycle your Christmas tree Lake Oswego?Copyright Betty Jung, MORE Realty, Inc.

A lot of it comes down to the preparation.  Most trees are recycled into wood chips or compost, so it’s important to remove all lights, tinsel, ornaments, nails, stands and other non-organic materials. Flocked trees may not be accepted at all locations and over-sized trees should be cut in half.  If in doubt, call ahead for additional information and fees.

Republic Services provides curbside tree recycling through your weekly yard debris collection service.  Trees must fit completely inside your green yard debris collection bin if using your regular weekly service, so you may need to cut them up. Customers with no yard waste service or with trees not able to fit in yard waste bins, can contact Republic Services at 503-636-3011 to schedule a pick-up for a fee.

Additional Tree and Wreath Recycling In Lake Oswego

Girl Scout Troop 12492 will collect trees beginning Friday, December 29 through Monday, January, Bring trees to the upper parking lot at George Rogers Park, 611 State Street, 9 am to 4 pm. $10 suggested donation.

Boy Scouts from Troop 230 in LO will be at the Yakima building and George’s Rogers Park next weekend ( first weekend in January). They will recycle trees and wreaths. This is their annual and only fundraiser so donations are appreciated. 9 am to 4 pm.

Troop 221 (based out of Mountain Park) can come to your house and pick up the tree for tree recycling or you can drop it off at Jackson Middle School. We request donations for the service. If interested, please go to our website for more details: www.bsatroop221.us.

In addition, local non-profit groups usually offer opportunities for pick-up/drop off options. Watch for announcements throughout the community.

Recycle your lights!

Have a few strands of holiday lights that aren’t working? Did you know you can recycle your lights? You can recycle your old holiday lights at Far West Fibers, 341 Foothills Road, Lake Oswego.

Happy New Year!

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1975 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

Lake Oswego And Our Trees

https://lakeoswegorealestateblog.wordpress.com/When I first started selling real estate in Lake Oswego in 1978, and buyers were looking for newer homes with trees, one of the only newer areas that had trees was Mt. Park.

Trees have always been a draw to buyers especially those moving into our area from out of state. Of course there are many benefits to having trees in your yard not to mention the million shades of green there are.

However, over the years, and still to this day, Lake Oswego has become known as a town where it is almost impossible to have a tree removed from your property.  Not unlike other areas, there are rules as to which tree, or what kind of situation will allow you to remove one.

In addition to the City having rules as to which tree(s) can be removed, your HOA could be like mine, where you need to get approval from your HOA as well before any trees are taken down.

Tree Protection and Removal Workshop

While I think I know what the rules are to remove trees, I need a refresher.  I have several trees now that I would like to remove but not certain if I would be allowed to.

If you are like me, you might like to know there is a workshop scheduled to explore the City’s tree code requirements for tree protection and tree removal permits.

This workshop will take place at Lake Oswego City Hall, 380 A Avenue and will include:

  • An indoor presentation to explain the various types of tree removal permits.
  • An outdoor demonstration with examples of measuring tree diameter, tree protection fencing, techniques for protecting trees during construction and more.

Please email planning@lakeoswego.city or call 503-635-0290 for free registration.  Visit http://www.ci.oswego.or.us/planning to learn more about the Urban & Community Forestry Workshop series.

Searching for Real Estate

My phone app http://app.summarealty.com/SMAFZ, has recently been updated.  If you are looking to purchase, this is a great way to search.  Or, if you want instant notifications from RMLS™, please let me know and I can arrange for you to receive alerts for listings as soon as they come on the market for sale.

Or go to my website http://bettyjung.com for additional information.

Thinking of Selling Your Lake Oswego Home?

Interest rates are still low and there is still a huge pool of buyer demand. Buyers are ready and willing to purchase your home. Call me at 503-804-9685 if you are thinking of making a move.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

Having worked in Lake Oswego as a Real Estate Broker since 1978 and lived in Lake Oswego since 1988, I know all the neighborhoods. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2017. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

Lake Oswego Movies In The Park 2017

The movies in the park series starts July 20 through August 10 at dusk (between 8:30-9:30 p.m.) at Millennium Plaza Park in downtown Lake Oswego. Bring low sand chairs.

Here is the schedule:

  • July 20 – Jungle Book (Live Action). Rated PG
  • July 27 – Moana. Rated PG
  • August 3 – Brace. Rated PG
  • August 10 – Sing. Rated PG

Other July Events:

Searching for Real Estate

My phone app http://app.summarealty.com/SMAFZ, has recently been updated.  If you are looking to purchase, this is a great way to search.  Or, if you want instant notifications from RMLS™, please let me know and I can arrange for you to receive alerts for listings as soon as they come on the market for sale.

Or go to my website http://bettyjung.com for additional information.

Thinking of Selling Your Lake Oswego Home?

Interest rates are still low and there is still a huge pool of buyer demand. Buyers are ready and willing to purchase your home. Call me at 503-804-9685 if you are thinking of making a move.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

Having worked in Lake Oswego as a Real Estate Broker since 1978 and lived in Lake Oswego since 1988, I know all the neighborhoods. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2017. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

Lake Oswego July 4th Events 2017

If you are staying in town for this upcoming holiday weekend, here are the local Lake Oswego 4th of July events:

  • VETERANS OF FOREIGN WARS BARBECUE

George Rogers Park. (611 S. State St., LO) Sunday, July 2, 12 NOON TO 7 P.M. 

Please come support your local VFW Post #12140 as we celebrate Independence Day Weekend. Enjoy great food, play games, and meet local veterans.

Each $10 meal includes a delicious smoked 1/4 chicken, baked beans, coleslaw and roll.  Drinks will be available for $1.

*****Proceeds from the event will support the Post’s local community and veterans assistance programs*****

  • MILLENNIUM CONCERT BANDhttps://lakeoswegorealestateblog.wordpress.com/
    Millennium Plaza Park
    Monday, July 3
    7p
    Begin the 4th of July festivities by enjoying a patriotic concert! Under the direction of Dale Cleland, the band returns for its 15th annual concert under the summer skies at Millennium
    Plaza Park. Delight in marching musical arrangements as well as a rousing tribute to our Armed Forces and the men and women who served in them. Lake Oswego’s Honor Guard begin the evening with their stirring Presentation of Colors.
  • RED, WHITE & PIE
    Millennium Plaza Park
    Tuesday, July 4
    Registration opens at 11a; Contest begins at noon
    Join the hilarity by participating in or cheering on contestants in our Seventh Annual Pie Eating Contest! Commemorate our country’s independence by racing to complete an “All-American” pie. Contest participants must be 18 years or older to enter. Space is limited – register on-site at 11a (after the Star Spangled Parade). Contest begins at noon.
  • STAR SPANGLED PARADE &
    CELEBRATION!
    Millennium Plaza Park
    Tuesday, July 4
    Parade begins at 10a; Celebration continues until 1:30p
    It’s time again to join your friends and neighbors in appreciating our many freedoms! Delight in the throng of festive floats, vibrant vehicles and costumed canines as they march through town to Millennium Plaza Park. The parade features Lake Oswego’s Fire engine, an authentic Fife & Drum Band, Boy Scouts, Girl Scouts, classic cars and more! Patriotic Pets are welcome to join the festivities by dressing up and parading with their owners down A Avenue right behind Lake Oswego’s police cars! Dressed pets can win a prize by registering at the Animal Care Group booth in Millennium Plaza after the parade. Thank you to Animal Care Group, 3996 Douglas Way, for sponsoring this exciting event at our Star Spangled Celebration! Parade Staging begins at 9a at Lake Garden Court (off Iron Mountain Boulevard). All vehicles and large groups MUST preregister with the Parks & Recreation Department to participate in the parade. Space is limited so please limit participation to one vehicle per family or business. Please register with Jamie at jinglis@lakeoswego.city or download the form on the city website, http://www.lakeoswego.city.

Searching for Real Estate

My phone app http://app.summarealty.com/SMAFZ, has recently been updated.  If you are looking to purchase, this is a great way to search.  Or, if you want instant notifications from RMLS™, please let me know and I can arrange for you to receive alerts for listings as soon as they come on the market for sale.

Thinking of Selling Your Lake Oswego Home?

Interest rates are still low and there is a huge pool of buyer demand. Buyers are ready and willing to purchase your home. Call me at 503-804-9685 if you are thinking of making a move. I can help you move forward.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

Having worked in Lake Oswego as a Real Estate Broker since 1978 and lived in Lake Oswego since 1988, I know all the neighborhoods. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2017. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

 

Lake Oswego Concerts In The Park Series 2017

Concerts are free and family friendly, rain or shine, low sand chairs only. See you under the summer skies!

Here is the schedule for the concerts at Millennium Plaza Park, Foothills Park and Westlake Park.

https://lakeoswegorealestateblog.wordpress.com/

Searching for Real Estate

My phone app http://app.summarealty.com/SMAFZ, has recently been updated.  If you are looking to purchase, this is a great way to search.  Or, if you want instant notifications from RMLS™, please let me know and I can arrange for you to receive alerts for listings as soon as they come on the market for sale.

Thinking of Selling Your Lake Oswego Home?

Interest rates are still low and there is a huge pool of buyer demand. Buyers are ready and willing to purchase your home. Call me at 503-804-9685 if you are thinking of making a move. I can help you move forward.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

Having worked in Lake Oswego as a Real Estate Broker since 1978 and lived in Lake Oswego since 1988, I know all the neighborhoods. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2017. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

 

Lake Oswego Farmers’ Market And Entertainment Schedule 2017

In 2016, The Lake Oswego Farmers’  Market was awarded the title of “Best” Farmers’ Market in all of the Portland Metro Area! The Lake Oswego Farmers Market received 18.5 percent of the overall vote and ranked #1.

Lake Oswego Farmers’ Market

Our Lake Oswego Farmers’ Market has an average of over 80 vendors each week.  There are a variety of superior produce, meats, nuts, cheeses, artisan breads, jams, jellies, baked goods, fresh seafood, nursery items hot foods and so much more – definitely something for everyone.

You can find the market in Millennium Plaza Park starting May 20 to October 14 from 8:30 a.m. to 1:30 p.m.

Celebrate Forestry

On May 20, the market will “Celebrate Forestry”.  Watch a tree pruning demonstration, chat with an arborist, receive a free tree seedling and more.  Kids can spin the prize wheel or get their face painted.

Lake Oswego Farmer’s Market Entertainment Schedule 2017

  • May 20 – Southern Nights
  • May 27 – Kinvara
  • June 3 – Zephyr
  • June 10 – Bigfoot Mojo
  • June 17 – Sky in the Road
  • June 24 – Larry Wilder and the Stumptown Stars
  • July 1 – Steve Hale Duo
  • July 8 – The Stoptowners
  • July 15 – Dick Saunders + the Dixieland Jazz Band
  • July 22 – Organic String Beings
  • July 29 – Astral
  • August 5 – Will Hobbs
  • August 12 – Sally Harmon and Frank Gruner
  • August 19 – Brent Rogers and KJ Miller
  • August 26 – Sunny Cohen
  • September 2 – The Bylines
  • September 9 – Boka Marimba
  • September 16 – Shira with Dick Saunders
  • September 23- Castletown
  • September 30 – Haleakala
  • October 7 – Gospel Hooligans
  • October 14 – Margie Gibson with Dick Saunders and Pat O’Neil

The weather is starting to get nicer and the Lake Oswego Farmers’ Market is one of the most popular events here in our town.

Searching for Real Estate

My phone app http://app.summarealty.com/SMAFZ, has recently been updated.  If you are looking to purchase, this is a great way to search.  Or, if you want instant notifications from RMLS™, please let me know and I can arrange for you to receive alerts for listings as soon as they come on the market for sale.

Thinking of Selling Your Lake Oswego Home?

Interest rates are still low and there is still a huge pool of buyer demand. Buyers are ready and willing to purchase your home. Call me at 503-804-9685 if you are thinking of making a move.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

Having worked in Lake Oswego as a Real Estate Broker since 1978 and lived in Lake Oswego since 1988, I know all the neighborhoods. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2017. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

 

New Closing Rules Remain a Challenge

mortgage loan 2

It’s been a little more than a year since new federal closing rules took effect. Under the rules, the HUD-1 Settlement Form was replaced with a new Closing Disclosure, the Good Faith Estimate was replaced with a new Loan Estimate, and some new timing requirements were imposed. Real estate professionals continue to have concerns with the changes and were among the many people and organizations that submitted almost 1,600 comments to the Consumer Financial Protection Bureau as it works to finalize a rule that would try to improve  the process. NAR also submitted comments. Among other points, NAR says it remains too difficult for real estate professionals to get a copy of the closing disclosure so they can help their clients.

Below is a Q&A with officials from NAR and the Mortgage Bankers Association that discusses the Closing Disclosure and other issues with the new process. Representing NAR is Joe Ventrone, deputy chief of regulatory affairs, and representing the MBA is Pete Mills, senior vice president of residential policy and member engagement. In their discussion, they refer to the new rules either as the “Know Before You Owe” rules or TRID, which stands for RESPA-TILA Integrated Disclosure. In both cases, they’re referring to the closing rule changes that were finalized in 2013 and took effect last year on Oct. 3.

Joe Ventrone, NAR deputy chief of regulatory affairs: The TRID or “Know Before You Owe” rule has been a top priority for the industry since it was finalized in 2013, but we regularly hear from members and colleagues in the industry who have lingering concerns. Before we discuss how the industry is operating now, let’s talk about the goals of the rule. From the MBA’s perspective, why did these changes happen?

Pete Mills, MBA senior vice president of residential policy and member engagement: Home buyers invest a lot of energy in shopping for just the right home to meet their needs. Borrowers should be shopping for a mortgage like they shop for a home. Not every borrower is the same and not every lender or loan product is the same. As many REALTORS® can recall, before KBYO borrowers were getting a lot of information and paper that was not easy to decipher. With the rule and these new forms, the Loan Estimate and the Closing Disclosure, the Consumer Financial Protection Bureau was trying to consolidate overlapping disclosures, reduce confusion about loan terms and details for borrowers, and make it easier for consumers to shop and compare loan options. As important as it is for buyers to find the right home, it is just as important for them to find the right loan and understand all the key terms of that loan.

Ventrone: This was a challenging implementation and everyone in the process — lenders, settlement service providers, and REALTORS® — did a lot of work to get ready and be able to help consumers understand the new process. For their part, REALTORS® did a lot of work in the run-up to KBYO to educate themselves on what was coming. After all, staying current on developing issues is critical in this new regulatory environment. We believe the reforms were important and will ultimately aid the consumer by offering a clearer picture of their mortgage, but there’s no question there are still bumps in the road that need to be smoothed over. How does the MBA see it?

Mills: The KBYO rule was undoubtedly the most complex reform of the home mortgage disclosure regime ever undertaken, and there are definitely issues that need to be addressed. Despite the detailed nature of the rule, the first year of implementation has uncovered a number of challenges and questions. This resulted in a variety of different interpretations by different parties to the loan transaction that threatened to jam up the system, particularly in the secondary market. Fortunately, the CFPB heeded the industry’s call for a good-faith compliance period, and in August released a proposed rule to address some of the outstanding questions and concerns.

Ventrone: Is there anything specific that REALTORS® should know about the proposed changes to the KBYO rule that might help home buyers and refinancers?

Mills: The proposed changes to the rule provides lenders greater clarity on a wide variety of technical issues that are impeding the ability to sell loans into the secondary market and that expose lenders and investors to compliance and legal risks for minor errors on the disclosures. For example, the proposed changes would help ensure that KBYO does not result in delayed closings when the buyer and seller decide to change the closing date. There are other provisions that will make it easier to do one-time close construction loans and provide greater clarity on co-op loans. It’s important for the smooth functioning of the real estate sales process to have clear compliance requirements.

Ventrone: I’m glad you brought up need for additional clarity with respect to some components of the rule. REALTORS® are telling us that getting their hands on the Closing Disclosure has been a challenge since KBYO went into effect. They are saying some lenders and title agents cite concerns with federal privacy rules and simply won’t do it. In fact, nearly half of our members in a recent survey have reported trouble getting copies of the CD to review. The CFPB did include some additional guidance in its proposed rule to provide clarity on the interaction of KBYO with Regulation P, the CFPB’s privacy rules. We’re hopeful that will have a real effect on lenders. Does the MBA share that optimism?

Mills: In the proposed rule, the Bureau says that it is “usual, accepted, and appropriate” for creditors and settlement agents to provide a closing disclosure to the relevant parties. The proposed rule says this standard meets one of the exceptions to the restrictions in Regulation P on sharing consumer information. This provides some helpful clarity for lenders. With this language, we expect more lenders will now feel comfortable sharing the CD with their customer’s real estate agent. It’s important to remember, however, that Reg P only sets a legal floor for privacy standards. Some lenders may take extra steps to protect their own customers’ privacy, such as asking for a signed consent form from the borrower. This approach is commonly used today, and should not pose a significant barrier for your members getting the information they need.

Ventrone: Our members are trusted advisers who help guide consumers through a large, complex transaction, which lenders should appreciate when it comes to helping the client understand the CD. Do you agree that sharing the CD is not just a help to real estate agents — it makes good business sense, too?

Mills: At the end of the day, we all know that real estate is a business built on relationships. The clarification proposed by the Bureau should help smooth the process. We are all working toward the same goal of making sure that our clients walk away from the closing table feeling happy and confident with their decisions and prepared to be successful home owners.

— National Association of REALTORS®

Lake Oswego Movies In The Park 2016

Our Summer has heated up lately and with 4th of July just around the corner, Movies In The Park in Lake Oswego will also be starting soon.

Here is the schedule for 2016 for Millennium Plaza Park.  All movies start between 8:30-9 p.m.  Low sand chairs, blankets and pillows are suggested to enjoy a relaxing night under the stars.  Popcorn and other treats are available for purchase.

  • July 21 – Inside Out (PG)
  • July 28 – Cats & Dogs (PG)
  • August 4 – Cinderella – live action (PG)
  • August 11 – Monster’s University (G)

Celebrate the Summer with family, friends and neighbors.  Hope you have a chance to enjoy these movies.

 

SEARCH FOR REAL ESTATE

There are links above to search for real estate.  I have a new website where you can search or you can use my mobile phone app as well. My website and mobile app provide you with access to all listings available on the RMLS™ system regardless of who the listing agent or brokerage may be. Listings are updated frequently throughout the day giving you the information you need, when you need it.

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1978 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

Advertisements

Contact Betty Jung

Betty Jung, Broker
REALTOR®
CRS, GRI, ABR, SRES, CNHSS

MORE Realty, Inc.
14945 SW Sequoia Parkway, #150
Portland, OR. 97224

503-804-9685 Cell

or email:betty@bettyjung.com

"Selling Real Estate Since 1978. There Is No Substitute For Experience!"

Follow ALL ABOUT…..Lake Oswego Real Estate on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 3,936 other followers

Recent Comments

Archives

Visitors

  • 7,066 hits

Betty’s Copyright

(c) Betty Jung 2008-2018.

All photos and content are copyright protected and may not be reproduced in any form.

DMCA Copyright Logo

© ALL ABOUT.....Lake Oswego Real Estate.

All Rights Reserved.