Testimonial from one of our wonderful clients: Lorenzo, [purchase of property] Seattle 7/9/11

July 11th, 2011 by Marc

Here is a testimonial from one of our wonderful home buying clients in Seattle, WA. Read more testimonials from satisfied home buyers and home sellers here.

“I recently bought a short sale in Seattle with WaLaw Realty and I’m extremely satisfied with the level of service provided.

“It’s been a complicated transaction; the negotiation went on for 4 months. Craig stayed on top of every detail, giving me valuable advice every step along the way and working very hard to get me the best possible deal.

“I’ll definitely go back to Craig and Marc for my next transaction, they know the ins and outs of the real estate business. In addition to the savings when compared to a traditional agent, having a lawyer as your real estate agent, and someone that does not work on commission, provides some very valuable additional perks, like the added peace of mind when it’s time to review all the paperwork involved in the purchase or sale of a home.”

The Short Sale Hardship Letter: What Is It? Why Is It Important? How Do I Write It?

April 27th, 2011 by Marc

“Short sales” continue to grow in number and now — with REOs — represent a substantial portion of the real estate market. When seeking a short sale, the owner will invariably be asked by the lender to submit a “hardship letter.” Owners should make the hardship letter as compelling as possible, while — needless to say — remaining honest and accurate. (more…)

Free Home Buyer Seminars! Learn About the Housing Market, the Home Buying Process, and Financing Options

April 27th, 2011 by Marc

2012 UPDATE: Our next series of home buyer workshops starts Wednesday, February 15th. Click here for info.

Are you planning to buy or sell your home this spring? The real estate market has changed considerably. There are significant opportunities, and there are risks. Know your options! We have answers to questions like: What’s an “REO”? What’s a “short sale”? How do foreclosures affect market values?

We’ve scheduled a series of home buyer seminars around the Seattle and Bellevue area. We are co-hosting these events with Cobalt Mortgage. We’ll have complimentary refreshments, and we’ll discuss market conditions, mortgages, and paying real estate agent commissions versus paying a flat fee.

Is This a Seminar for First Time Home Buyers? Who Should Attend?

The seminar is for anyone interested in learning more about buying or selling a home in today’s market including first time home buyers, repeat buyers, and sellers.

Next Class:  July 20th Downtown at the WaLaw Realty Offices

2033 Sixth Ave., Ste. 990, Seattle, WA 98121
Click here to RSVP and get directions to the Downtown Seattle Home Buyer Seminar.
(more…)

Short Sale vs. Foreclosure: Which is Best?

April 20th, 2011 by Marc

This post is neither legal nor tax advice. Moreover, this post is focused on Washington State, and the laws of each state differ.  For actual legal or tax advice, you need to consult an attorney or tax professional about your specific situation. Rely on a blog for legal or tax advice at your peril.

Short Sale vs. Foreclosure: What’s the difference and is one better than the other? Many, many people now own property that is worth less than the amount owed on it.  Moreover, many people purchased the proverbial “starter home” within the last five years, and they’re ready to move on to their next home (commonly kids are on the way).  Under these circumstances, an owner can either sell the home and then write a check at closing for the balance owed — OUCH! — or get rid of the home with, hopefully, cancellation of the balance of the debt. (more…)

Free Workshop for Home Buyers and Sellers

April 5th, 2011 by Marc

UPDATE: This class is finished. Join us for our 2012 Home Buyer Seminars (click for more info) at our Seattle office in Lower Queen Anne. Our next class is Wednesday, February 15th at 6:00 pm.

Are you planning to buy or sell your home this spring? The real estate market has changed considerably and it’s more confusing than ever. What’s an “REO”? What’s a “short sale”? How do foreclosures affect market values?

Know your options!  Join WaLaw Realty and Cobalt Mortgage for a free real estate seminar on Wednesday, April 13th at 5:30 PM to learn about the home buying / home selling process.  We’ll discuss market conditions, mortgages, and paying real estate agent commissions versus paying a flat fee. (more…)

What is a Short Sale? The Short Sale Process In WA Explained

March 18th, 2011 by Marc

The term “short sale” is getting a lot of use these days, in Washington State and around the nation. Many people know that short sales offer the opportunity to get a good price on real estate. But what, exactly, is a “short sale”?

A short sale is the sale of a home for a price less than what the owner owes on the mortgage, AND the lender agrees to a “short” payoff in exchange for release of the bank’s lien on the property — hence the term. But that definition requires a little more explanation, because some readers might be thinking, “Release the lien? What does THAT mean?” (more…)