escrow pierce county: Ooopsie, This Contractor Has Filed for Foreclosure! - 08/04/14 05:47 AM
What happens when Contractors who have Mechanics Liens, file for Foreclosure?
I recently had a property in escrow that had a number of Labor and/or Material Liens filed on title.  The seller was working with the contractors to negotiate the payoffs, but I noticed that one of the contractors filed a Foreclosure Action.
Title explained to me that if the Lien is 9 months old, they drop off title, UNLESS  the Contractor files for Foreclosure.  In that case title "stays" all Liens, regardless of age and they have to either be paid off or bonded over to close.
As it turned out on … (1 comments)

escrow pierce county: Doesn't the Owners Title Policy cover items such as Mechanics Liens? - 08/04/14 04:52 AM
After the creation of the 2010 HUD Settlement Statement, it became clear that Owners Title Insurance Policies are not provided by sellers in many places in this country, but in Washington State, they are.
The NWMLS Purchase & Sale Agreement includes a provision that sellers will provide owners title coverage to the buyers at closing.
At the present time, the default policy is the Homeowners policy and an addendum allows for this to be changed to either standard or extended.
The homeowners policy does include coverage for:
Mechanics liens Forced removal of structures Unrecorded HOA liens Unrecorded easements Building permit violations Restrictive covenant … (1 comments)

escrow pierce county: Did you know that Washington is a community property state? - 08/01/14 02:32 AM
Did you Know that Washington is a Community Property State? This means that you can't buy real estate in Washington State without addressing the spousal interest.  Be sure to ask the buyers what their marital status is and write it in after their names on line #2 of the Purchase & Sale Agreement.  
This is especially true If there is institutional financing involved.  If the buyers have all cash and really don't want to deal with it, then title will create a special exception to their policy of title insurance, "Right, Title & Interest of the buyers spouse" which will likely be no fun to clear … (0 comments)

escrow pierce county: Employment Security goes after income-tax refunds to resolve debts - 12/05/12 02:17 AM
Employment Security goes after income-tax refunds
to resolve debts
 OLYMPIA – When is an income-tax refund not a refund? When it’s intercepted by the Employment Security Department to repay wrongly claimed unemployment benefits.
 This week, Employment Security is notifying more than 25,000 people that their 2012 income-tax refunds may be intercepted to repay benefits they shouldn’t have received.
 The department was recently approved to participate in the federal Treasury Offset Program (TOP), which allows Employment Security to cross-match its computer files with the Internal Revenue Service and flag individuals who are delinquent in paying back benefit overpayments. Generally, Employment … (0 comments)

escrow pierce county: Washington State Employment issues job-vacancy report - 10/08/12 05:47 AM
Employment Security issues job-vacancy report
OLYMPIA – Washington employers had an estimated 52,000 job vacancies last spring, according to a new report from the state’s Employment Security Department.
More than 78 percent of the vacancies were in urban Western Washington.
Occupations with the most vacancies were in sales, registered nursing and customer service. Industries with the most vacancies were healthcare and social assistance, with 11,000 job openings; retail trade, with nearly 7,000 vacancies; and accommodation and food services, with about 5,600 available jobs.
The findings are contained in the “2012 Job Vacancy and Hiring Survey Report,” which is based … (0 comments)

 
Julie Booth, Keeping the parties informed of the escrow process (Fidelity National Title)

Julie Booth

Keeping the parties informed of the escrow process

Federal Way, WA

More about me…

Fidelity National Title

Address: Mailing address: 1600B SW Dash Point Road, #159, Federal Way, WA, 98023

Office: 206-830-5190

Fax: (206) 429-2580

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