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Washington State is a non-judicial foreclosure state, meaning that the lender is not required to sue the borrower in default in order foreclose. Most home loans in Washington State are based on a deed of trust (mortgage instrument) with a “power...
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I’ve received many calls from prospective buyers interested in my short sale listings asking if the listing price has been approved by the bank. On a short sale, the seller owes more than their house is worth, so the seller’s lender(s) must...
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Many real estate agents in Washington State use unlicensed third-party negotiators to handle their short sales. I have always discouraged that practice (see my March, 2009 blog post, Is Your Real Estate Agent Breaking The Law? ). The Washington State...
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Is there such a thing as an unsellable house? There’s a wealth of information available on preparing and staging a house to sell, but what about situations where the house can’t be properly prepared or fixed up to sell? I work a lot with short...
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Consider this scenario: You paid off your house a few years ago now you’re selling it for $300,000. You figure that you would make a better return on your money by offering owner financing instead of cashing out and investing the money somewhere...
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