Comments for Edgewood, WA Real Estate Blog http://edgewoodblog.com Musings, Resources, and Other Ramblings about real estate and home sales from the Real Estate Broker in Edgewood, Washington Fri, 29 Aug 2008 00:34:47 +0000 http://wordpress.org/?v=2.5.1 Comment on Mortgage Rates by Credit Score by Rhonda Porter http://edgewoodblog.com/2008/08/13/mortgage-rates-by-credit-score/#comment-525 Rhonda Porter Wed, 27 Aug 2008 02:26:49 +0000 http://edgewoodblog.com/?p=179#comment-525 Lee, the comments above may be from the same splog? Looks fishy. Lee, the comments above may be from the same splog? Looks fishy.

]]> Comment on When is a Property Disclosure Form (Form 17 ) NOT required for residential real property transfers? by David Telford http://edgewoodblog.com/2007/09/27/when-is-a-property-disclosure-form-form-17-not-required-for-residential-real-property-transfers/#comment-414 David Telford Thu, 10 Jul 2008 23:33:07 +0000 http://edgewoodblog.com/2007/09/27/when-is-a-property-disclosure-form-form-17-not-required-for-residential-real-property-transfers/#comment-414 Would not be the first time they screwed up like that. Just as we are now Distressed Home Consultants because they didn't copy the bill correctly in committee Would not be the first time they screwed up like that. Just as we are now Distressed Home Consultants because they didn’t copy the bill correctly in committee

]]> Comment on When is a Property Disclosure Form (Form 17 ) NOT required for residential real property transfers? by Lee Mason, The Masters Realty Group LLC http://edgewoodblog.com/2007/09/27/when-is-a-property-disclosure-form-form-17-not-required-for-residential-real-property-transfers/#comment-413 Lee Mason, The Masters Realty Group LLC Thu, 10 Jul 2008 23:23:43 +0000 http://edgewoodblog.com/2007/09/27/when-is-a-property-disclosure-form-form-17-not-required-for-residential-real-property-transfers/#comment-413 David, It looks to me at first glance you are correct. The RCW was revised in 2008 and it looks like they dropped the last part of the first exemption. Interestingly, if you go to the record, it appears the legislature amended RCW 64.06.010 with the intent of adding domestic partnerships to exemptions 2 and 3 but somehow didn't copy the original RCW correctly. As you said, it may be a difference without a distinction except that the buyer of a previously foreclosed upon home would now have 3 days to rescind a transaction from the time they received a copy of the Form 17 whereas previously, no Form 17 was required. Thanks for the correction. David,

It looks to me at first glance you are correct. The RCW was revised in 2008 and it looks like they dropped the last part of the first exemption.

Interestingly, if you go to the record, it appears the legislature amended RCW 64.06.010 with the intent of adding domestic partnerships to exemptions 2 and 3 but somehow didn’t copy the original RCW correctly.

As you said, it may be a difference without a distinction except that the buyer of a previously foreclosed upon home would now have 3 days to rescind a transaction from the time they received a copy of the Form 17 whereas previously, no Form 17 was required.

Thanks for the correction.

]]> Comment on When is a Property Disclosure Form (Form 17 ) NOT required for residential real property transfers? by David Telford http://edgewoodblog.com/2007/09/27/when-is-a-property-disclosure-form-form-17-not-required-for-residential-real-property-transfers/#comment-412 David Telford Thu, 10 Jul 2008 22:05:51 +0000 http://edgewoodblog.com/2007/09/27/when-is-a-property-disclosure-form-form-17-not-required-for-residential-real-property-transfers/#comment-412 It appears to me that the second half of the first exemption is no longer correct. Reading the RCW, a bank selling a home they foreclosed on is no longer exempt. In the real world it won't really matter, though because the bank will no nothing about the place It appears to me that the second half of the first exemption is no longer correct. Reading the RCW, a bank selling a home they foreclosed on is no longer exempt. In the real world it won’t really matter, though because the bank will no nothing about the place

]]> Comment on Reviewing Closing Documents… again by Rhonda Porter, The Mortgage Porter http://edgewoodblog.com/2008/06/09/reviewing-closing-documents-again/#comment-411 Rhonda Porter, The Mortgage Porter Thu, 10 Jul 2008 16:58:20 +0000 http://edgewoodblog.com/?p=173#comment-411 If a borrower wants to spend more than an hour to read an inch thick stack of documents, I do highly recommend that they advise the Loan Originator and Escrow Officer. Unless it's a real short closing, there should be enough time for the lender to provide escrow with the loan documents in a timely manner to accomodate the buyer's needs. At the very least, I encourage buyers (and sellers) to get a copy of the estimated HUD-1 Settlement Statement 2-3 days before their signing appointment so they have time to review the "estimated" final figures. If a borrower wants to spend more than an hour to read an inch thick stack of documents, I do highly recommend that they advise the Loan Originator and Escrow Officer. Unless it’s a real short closing, there should be enough time for the lender to provide escrow with the loan documents in a timely manner to accomodate the buyer’s needs.

At the very least, I encourage buyers (and sellers) to get a copy of the estimated HUD-1 Settlement Statement 2-3 days before their signing appointment so they have time to review the “estimated” final figures.

]]> Comment on Statistics for June 2008 for Edgewood and surrounding cities have just been posted. by » Statistics for June 2008 for Edgewood and surrounding cities have … http://edgewoodblog.com/2008/07/08/statistics-for-june-2008-for-edgewood-and-surrounding-cities-have-just-been-posted/#comment-409 » Statistics for June 2008 for Edgewood and surrounding cities have … Tue, 08 Jul 2008 21:09:16 +0000 http://edgewoodblog.com/?p=176#comment-409 [...] Lee Mason, The Masters Realty Group LLC is very entertaining. Check out the latest and greatest post on Statistics for June 2008 for Edgewood and surrounding cities have …. See below for a quick excerpt of the entertainment: [...] [...] Lee Mason, The Masters Realty Group LLC is very entertaining. Check out the latest and greatest post on Statistics for June 2008 for Edgewood and surrounding cities have …. See below for a quick excerpt of the entertainment: [...]

]]> Comment on Do you read all your documents? by Reviewing Closing Documents... again | Edgewood, WA Real Estate Blog http://edgewoodblog.com/2007/09/24/do-you-read-all-your-documents/#comment-312 Reviewing Closing Documents... again | Edgewood, WA Real Estate Blog Mon, 09 Jun 2008 16:51:53 +0000 http://edgewoodblog.com/2007/09/24/do-you-read-all-your-documents/#comment-312 [...] This morning I read a post (Reading Redux) at Credit Slips regarding a familiar lament about not reading all documents at closing. It’s a subject I’ve visited before. [...] [...] This morning I read a post (Reading Redux) at Credit Slips regarding a familiar lament about not reading all documents at closing. It’s a subject I’ve visited before. [...]

]]> Comment on So, do you want to list your home… or do you want to sell it? by Where’s the Action in Milton Home Sales | Edgewood, WA Real Estate Blog http://edgewoodblog.com/2008/03/21/so-do-you-want-to-list-your-home-or-do-you-want-to-sell-it/#comment-286 Where’s the Action in Milton Home Sales | Edgewood, WA Real Estate Blog Wed, 04 Jun 2008 00:21:54 +0000 http://edgewoodblog.com/2008/03/21/so-do-you-want-to-list-your-home-or-do-you-want-to-sell-it/#comment-286 [...] two homes did sell and its not rocket science why. It comes back to whether a seller wants to list their home or sell it. SHARETHIS.addEntry({ title: "Where’s the Action in Milton Home Sales", url: [...] [...] two homes did sell and its not rocket science why. It comes back to whether a seller wants to list their home or sell it. SHARETHIS.addEntry({ title: “Where’s the Action in Milton Home Sales”, url: [...]

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