Seattle Real Estate:

It’s a sign of the times that this question has been coming up a lot lately. Before the market took its current turn, bank owned transactions were pretty uncommon and short sales where downright rare. Bank Owned Commissions Work Like Any Other Sale Learn more about bank owned homes in the Seattle area – read [...]

Imagine you own a home, you’re upside down and falling behind. Maybe you have to move for work or family, maybe you lost your job…maybe your trouble is more obscure. In any case, you’re in a pickle. Think You Might Need To Do A Short Sale? Then imagine you’re approached by a real estate “investor” [...]

There have been a couple of interesting news items over the past week relating to short sales. Think You Might Need To Do A Short Sale? The first item was a statement issued by Washington Realtors Attorney Annie Fitzsimmons. She states, A new trend is developing in which short sale lenders are establishing policy statements [...]

It’s going to get easier for buyers to tell if Seattle area listings are bank owned or short sales! The Northwest Multiple Listing Service, which serves the Seattle area (and other areas around the state), announced that they’re rolling out new search fields for “3rd Party Approval Required” (that’s the short sale one) and “Bank/REO Owned.”  The fields [...]

UPDATE 1/13/09: The Washington State Department of Revenue reversed their stance. See updated WA REET ruling post. See all posts regarding Short Sales. Think You Might Need To Do A Short Sale? From the Washington Association of Realtors: The Department of Revenue(DOR) recently sent a letter to the Escrow Association explaining its position that in [...]