Sellers of real property will have certain information regarding the sale reported to the Internal Revenue Service. This required reporting is a consequence of the Tax Reform Act of 1986; it is intended to encourage taxpayer compliance and aid in audit and enforcement efforts by the I.R.S. To help you better understand this subject, the […]
Required Reporting to the I.R.S. Read More »
Buying or selling a home (or other piece of real property) usually involves the transfer of large sums of money. It is imperative that the transfer of these funds and related documents from one party to another be handled in a neutral, secure and knowledgeable manner. For the protection of buyer, seller and lender, the
The Functions of an Escrow Read More »
With the housing bubble burst and the subprime mortgage crisis, millions of homeowners found themselves unable to make their mortgage payments. Many found themselves owing more on the house than the home was worth. Many just walked away from their homes. As a result of these complicated issues, millions of homes were foreclosed. While this
Thinking About Buying a Foreclosure? Read More »
It is an unfortunate commentary, but when economic activity declines and housing activity decreases, more real property enters the foreclosure process. High interest rates and creative financing arrangements are also contributing factors. When prices are rapidly accelerating during a real estate “bonanza”, many people go to any lengths available to get into the market through
Understanding Foreclosures Read More »
Welcome to my new and improved real estate website. I invite you to look around and see what is available. As your Tracyton, Washington real estate expert I can provide you will all of the information to accomplish your real estate goals. Looking for a new home for yourself or your family: Quick Search Know
Welcome to my new website Read More »
An increase in foreclosure rates will inevitably bring with it an increase in short sales. But what is a short sale? A short sale happens when you sell your house for less than your remaining mortgage balance, the proceeds of which go to the lender and in return the lender forgives the remaining balance. Selling
What is a Short Sale Anyway? Read More »
What is a FICO® Score? FICO® stands for Fair Isaac & Company and is the name for the most well known credit scoring system, used by Experian. The credit bureau’s computer evaluates a complete credit profile and assigns a score, which is used to estimate credit worthiness. Each of the three bureaus (Experian, Trans Union,
Title Insurance. It’s a term we hear and see frequently – we see reference to it in the Sunday real estate section, in advertisements and in conversations with real estate brokers. If you’ve purchased a home before, you’re probably familiar with the benefits and procedures of title insurance. But if this is your first home,
Why Do You Need Title Insurance? Read More »
Your First Step Toward Buying a Home When preparing to buy a home, the first thing many homebuyers do is look at the real estate ads in newspapers, magazines and listings on the Internet. Some potential buyers read how-to articles like this one. The next thing you should do – before you call on an
Your Savings and Down Payment Read More »
Tick. Tock. Tick. Tock. Ugh. Not again. This is the fifth night in a row. You fall fast asleep and then wake up in the middle of the night with the same question running through your mind. It doesn’t stop. While your spouse sleeps soundly beside you, your thoughts of regret are screaming loudly through
Here’s How To Get Top Dollar For Your Home Even When The Market Shifts Read More »
