Edgewood, WA Real Estate Blog

Musings, Resources, and Other Ramblings about real estate and home sales from the Real Estate Broker in Edgewood, Washington

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Entries Tagged as 'Taxes'

Redux Save Those Mortgage Records

Lee Mason, The Masters Realty Group LLC September 13th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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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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Tags: Insurance · Lending · Mortgages · Taxes

No Real Estate Excise Tax on Gifts in Washington State

Lee Mason, The Masters Realty Group LLC May 19th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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As a real estate agent I’m rarely involved with real estate gifts. But to help one of my clients, I did a little research on the matter. In Washington State you can gift real estate without incurring excise (or transfer) tax. The subject is covered in WACs > Title 458 > Chapter 458-61A > Section 458-61A-201.

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Tags: Edgewood · Real Estate · Sellers · Taxes