Hello Tim, are you intending on selling your current home to buy or renting it out and buying? The prices are on a continuous rise so the longer you wait the more you will pay or sell for more but if you are selling and buying you should look at the number to make an informed decision. A netsheet worksheet can be provided from your agent and a fee worksheet can be provided from your lender.
You may consider 3% down conventional from a minimum 620 fico score and 3.5% down FHA from a minimum 580 fico score. If you are selling and buying locally you may be able to close them concurrently and apply your equity over to the new purchase.... more
A quick glance at current mortgage, lien and title records should only take a few minutes, if conducted online. The majority of these records nowadays are recorded and indexed online in title plants and county databases. These records and document images can be accessed online through a title research company I.E. US Title Records
Older documents are usually recorded on microfilm and microfiche and have to be obtained manually. This could be done by going down to the county recorder's office or hiring a local abstracter.... more
My husband and I would really like to build a luxury home for our family. The home that we are in now is lovely, but is too small for our growing family. We would love to be able to build our own perfect home. Thanks for sharing this information! http://www.simmshomes.com/communities... more
I have just listed a house in Rose Hill area for $425,000. The owner wants to sell it quickly, so he priced it below market. If you are interested, please let me know, and I will arrange a showing for you.... more
I would advise including an inspection of your own prior to closing. Get everything on your list done before you submit payment for your house. Your real estate agent should have someone that they trust. Best of luck!... more
To go a bit further into the pre-foreclosure, actual foreclosure auction situation, you also need to make sure that you're buying the house free and clear of all liens. If it is a second position deed of trust foreclosing, you would still need to deal with the first position creditor, and it's very likely they have a due on sale clause (although they might not enforce that clause if you bring the debt current). And in any case, any delinquent real property taxes and the "sewer capacity charge" (if any) will need to be brought current. Finally, in the case of an actual foreclosure sale, your inspection rights will be nil, and even if it's a bank owned REO listing, your inspection rights may be a bit more limited that of a normal sale.... more
The best thing that you can do for yourself is to drive through the neighborhood. There are many neighborhoods that get a bad rap from time to time that are great neighborhoods. Sometimes it depends on the street that you drive down. Many neighborhoods it greatly depends on the street that you live on. How well are the neighbors taking care of their properties? I like Kingsgate I there are some good properties in the area. The location is very good.... more
It depends on how you structure this. A house, in and of itself is not "income". I can pay cash for a house, after closing I can remove my name (Quit Claim) from the Title and Quit Claim my child on. Either for "love and Affection" (no money has been exchanged) or a dollar, or any mutually agreed upon amount. whatever. If there is a dollar amount, you're talking literally selling the house to the other party, and then there is excise taxon that amount . The only taxes my child would be responsible for would be the property taxes, up until the time the child decides to sell the property. Then there would be Capital Gains to pay if not reinvested.... more
Kari's link is correct. Thanks for sharing. As the Seller, the underlying Lender is the party that will apply for excess funds and the most likely to receive them after all other liens and fees are covered. The purchaser, who agreed to a purchase price, is highly unlikely to receive a refund. Please speak to professionals that have experience in Trustee Sales/Auctions.... more
I lived near downtown Kirkland for 25 years and walked to local shopping, entertainment and great Peter Kirk Park. Many of Kirkland/Bridle Trails/Rose Hill/Totem Lake neighborhoods have sidewalks,
excellent Lake Washington schools and are close to shopping, entertainment, parks and beaches.
I have helped relocating buyers for over 30 years and would be happy to assist you.