Seattle Real Estate:

Remember the Washington State Distressed Homeowner Law?  It’s the one that created potential pitfalls and serious liabilities for real estate agents and potential buyers.  We’re one step closer to a fix.  According to the Washington Association of Realtors:
“Distressed Properties Law Fix Passes House; Governor’s Signature Next!Washington REALTORS® are pleased to announce that SB 5221, the [...]

This just in on the situation with the Washington State Distressed Homeowner law…
If you’ve been following along at home (here and here) you know that the Distressed Homeowner law passed in June 2008 in Washington had some “unintended consequences”.
This is the latest from the Washington Association of Realtors:
Distressed Properties Law Legislative Update: Help is on the [...]

UPDATE 1/13/09: The Washington State Department of Revenue reversed their stance. See updated WA REET ruling post.
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From the Washington Association of Realtors:
The Department of Revenue(DOR) recently sent a letter to the Escrow Association explaining its position [...]

There’s an interesting thread going on at http://blog.seattlepi.nwsource.com/realestate/archives/153603.asp about the effects of the Washington Distressed Homeowner Law.
That law really stuck in my craw when it was passed.  There is talk of amendment, but I think a lot of people (read: legislators and especially the governor) have stopped thinking about how their “unintended consequences” are affecting people [...]