What most people do not know about short sale deadlines~ - 08/24/09 03:44 PM
Wouldn't it be grand if all deadlines were equal?  They are not equal in real estate, however.   When an underlying lender gives approval for a short sale and sets a date that that all funds and documents need to reach them, this is not your new closing date on the Purchase & Sale Agreement.
Noooo, it is not.
The closing date on your Purchase & Sale Agreement should be at least 2 business days prior to the payoff lenders drop dead date.  Want to know more about the process?
Great!  First escrow needs to have received collected funds from both buyer and … (2 comments)

To My Washington State Real Estate Agent Friends - 08/12/09 06:09 PM
I think that you and I have the very same goal:  To have a very smooth closing and our transaction records & funds on schedule with our parties so pleased at the outcome that they want to talk about what great service that you and I provided them to all their friends and co-workers.  Right?
Well, there is an area that needs some improvement with regard to utilities.  Ever since the Washington State 54th Legislature enacted "Satisfaction of Unrecorded Utility Liens at the Time of Sale of Real Property" back in January, 1997, certain utilities can create liens on the property for non payment.  Yes, … (0 comments)