Edgewood, WA Real Estate Blog

I’m very pleased to announce Rhonda Porter as a contributing author.
I first met Rhonda while I was with John L Scott in Federal Way. She regularly visited the office to distribute marketing materials. As my office was located in close proximity to the agent mail boxes, I often had occasion to [...]

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Update:  The issue discussed in the following post will be rendered moot with new forms to be published October 15, 2007.
I made the follow comment to a post made by Jason Mook: Switching Boats Mid Stream.
This issue concerns the typical financing contingency found in most real estate contracts. In essence, the financing contingency says [...]

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I made the following (rather timely given my previous post) comment on a post at The TNT Open House Blog.
One would have to be rather cavalier (or naive or dumb) not to read all loan documents before signing.
Sympathy for those who don’t? Please… If you’re going to give someone a signed blank check, don’t complain [...]

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It’s not uncommon for buyers and sellers to confuse signing closing documents with closing the sale of a home. They are not the same thing.
Closing (at least here in Washington State using NWMLS forms) is defined to have occurred when the transfer documents are recorded (the deed) with the county, and, sale proceeds [...]

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Judging from an article in todays Wall Street Journal, my post of yesterday Save Those Mortgage Records would have more timely if made some months earlier.
I’m glad I’m not an officer at American Home. I’d fear for my safety.
Loose your home due to lapsed insurance coverage because payments you made weren’t forwarded… foreclosure [...]

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I made the following comment to a post by David Paul on Resurrection of Seller Financing at the Seattle Real Estate Professional blog this afternoon.
David Paul-
Good post and timely advice.
It’s been my experience (yeah, I too have to admit to being around in the 80’s) the situation where the buyer took a conventional first [...]

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With all the upheaval in the mortgage business there’s a good chance the servicing of your mortgage is going to change hands.
Jack Guttentag, The Mortgage Professor wrote a post last year recommending you save all your mortgage statements until your mortgage is paid off.
His post is even more germane today given the total revamping of [...]

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If I had my way, I’d have every one of my buyer clients seeking a home loan read a couple of books. Notwithstanding that my clients pay me for advice, counsel, and education, it would be difficult for me to provide the in-depth background knowledge you can get if you’re willing to go back [...]

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