Happy Friday! I hope you enjoy this Real Estate round up of our area and other interesting articles plus some fun stuff too.
REAL ESTATE news
Real estate getting bubbly but unlikely to pop, Seattle “is on fire across every sector”
Number of million-dollar homes in Seattle area has tripled since 2012
U.S. existing home sales rise for a second straight month
MORTGAGE & FINANCE news
3 financial apps that will transform how you manage money
Will Millennials ever be able to retire?
The 7 biggest investment mistakes celebrities make
10 tips for budget-friendly lawn care
7 weird ways to stay cool this summer
Massive frozen food recall in Washington State
Seattle No. 3 on top 25 best cities to find great jobs
Seattle to host 2018 Special Olympics
Is Seattle a better bicycle city than Portland?
Seattle homes selling faster than anywhere else in the U.S.
Seattle growth was 11th fastest according to just released Census data, now 18th on list of biggest U.S. cities
Facebook unveils Frank Gehry design for its new South Lake Union offices
Snohomish County looking to increase bike tourism
Snohomish county offers top teacher salaries in the state
City of Edmonds to develop an affordable housing strategy by 2019
WEEKLY DOSE OF awesomeness
House made from cardboard for is not your kid’s refrigerator box
Have a spectacular weekend everyone!
Come and join us for this special event! Edmonds Community College in partnership with the VFW, the Triton Student Veterans’ Association, and other organizations on campus and in our community is hosting a Memorial Day Ceremony and Wreath Laying to honor America’s fallen service members, and to strengthen relations between Veterans, the college and the local community. The ceremony will include a ceremonial lowering of the campus flags to half-mast, a presentation in the Mukilteo Hall Black Box Theater, musical performances and a procession to the Boots to Books and Beyond Memorial for a Wreath-Laying Ceremony.
I will be there and afterwards at the reception handing out drinks to all. Please come join us and help make this celebration special!
What is it?
Homes for Heroes is a national program dedicated to providing extraordinary savings to heroes who provide extraordinary services to our community each and every day, when they buy or sell a home.
What are the savings?
Savings will depend on the sales price of the home. As an example, a $300,000 house would receive over $3,000 in credits and discounts from all the participating affiliates and vendors involved.
What does it cost me?
Nothing because it’s FREE. There is no cost to you. All costs are covered by your local participating vendors.
Can I buy any home and in any area?
Yes. This is not a government program with limitations or restrictions. This is the private sector giving back simply as our way to say Thank You for all that you do every day.
Are there any other benefits or savings after my transaction is done?
Yes. Through the “Friends of Heroes” Network participating vendors will offer discounts on various other services such as moving, storage, pest, lawn care, plumbing, electrical, cleaning and remodeling to name a few.
Are there a lot of extra applications, forms or some future obligation?
None. The Homes for Heroes Promise is:
No hidden fees No red tape No catch
How do I find out more?
Go to HOMESFORHEROES.COM or scan the QR code below on your smart phone. Let us know who you are and what you do. A local affiliate will contact you with no obligation.
Situations can arise where the ownership interest in your property changes from the way it was originally acquired. Whether it is due to death, divorce, a parting of ways or the requirements of a new lender it sometimes becomes necessary to remove someone’s name from the title to a property. This is usually accomplished by the party exiting title executing a deed of conveyance in favor of the party or parties that will remain in title. Clearing the interest of deceased parties is an entirely different matter altogether and will not be addressed here.
In Case of Divorce
In cases of divorce, the best way to clearly show which party was awarded the property would be for the party not awarded it to execute a quit claim deed in favor of the party that it was awarded to. Many times the terms of the decree of dissolution and/or settlement agreement in the divorce case don’t properly identify real estate holdings and it can be difficult to determine “who got what”.
If title is held by two or more parties as tenants–in-common and one of them decides to sell or otherwise relinquish their interest they would execute a deed of conveyance (typically a statutory warranty deed or in some cases a quit claim deed) to the recipient(s) of their interest.
When a Party in Title Doesn’t Qualify For a Loan
Sometimes a party in title does not qualify for a loan and if the lender agrees to make the loan to the other title holder(s) a deed of conveyance (typically a quit claim deed) will be executed by the non-borrower to the borrowing party in title to the property.
Seek Legal Council
You should always consult with an attorney before signing any legal documents. You should also consult with Excise Tax Dept. personnel at the local county recorder’s office to help you determine if excise (i.e. conveyance or transfer) tax will be due when the deed is presented for recording.
Thank you for your service and helping to keep our neighborhoods safe!
National Police and EMS week may 11-17th.
Are you a Hero that is looking to save on your next home sale or purchase and all the services that go along with it? Contact me and I will show you how easy it is.