Investment real estate is one of the oldest and most inefficient Continue reading ““Be Strong”… I whispered to my wifi signal. by Jen Hudson”
A DIFFERENT KIND OF GREEN. By Jen Hudson
Last month we talked about green energy and ways to keep some “green” in your pocket. This month, there is a different kind of “green.” One that is transforming our real estate world, and one that you should be aware of. Continue reading “A DIFFERENT KIND OF GREEN. By Jen Hudson”
What is the Point of Title Insurance? By Jen Hudson
A question I hear frequently is “why do I need title insurance?”
Well… as they say at the Big Thunder Mountain Railroad in Disneyland.. Hold onto your hats and glasses folks! Continue reading “What is the Point of Title Insurance? By Jen Hudson”
Zoning. It doesn’t have to be the monster under your bed. By Jen Hudson
This next sentence may be one of those “no, duh!” type statements, but just hear me out. Cities, towns and counties are usually made up of different Continue reading “Zoning. It doesn’t have to be the monster under your bed. By Jen Hudson”
How to Dispute Property Taxes
The following are directions to follow if you want to file a dispute with the tax assessor for 2008 property taxes for both Snohomish & King County.
Mortgage Debt Forgiveness
Mortgage Debt Forgiveness
If your mortgage debt is partly or entirely forgiven during tax years 2007 – 2013, you may be able to claim special tax relief and exclude the debt forgiveness income.
Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude up to $2 million of debt forgiven on your principal residence. The limit is $1 million for a married person filing a separate return. Continue reading “Mortgage Debt Forgiveness”
Federal Laws, Tenant Occupancy & Foreclosures
Here’s a great tidbit from the Washington Association of REALTORS® legal hotline regarding federal laws, tenants & foreclosures….
Question:
Are there state and/or federal laws affecting tenant occupancy of rental property after a foreclosure sale? Continue reading “Federal Laws, Tenant Occupancy & Foreclosures”
Filing Bankruptcy & Selling your Home?
Filing Bankruptcy & Selling your Home?
Below is today’s opinion from Annie Fitzsimmons, the attorney who answers questions for the Washington Association of REALTORS® Legal Hotline. If you or someone you know is facing a hardship with their property, please talk to an expert to determine the best way to proceed forward. For additional questions or information, please contact Jen at (206) 293-1005 or send me an email to jen@hudsoncreg.com.
Question:
Property is listed and the owner just filed for bankruptcy. Can listing agents continue to list the property and try to find a buyer? Continue reading “Filing Bankruptcy & Selling your Home?”
Foreclosures, Mortgages & Boundary Line Adjustments.. oh my!
Foreclosures, Mortgages & Boundary Line Adjustments.. oh my!
Here is a perfect example of why you should ensure all parties are on board for any legal or real estate transaction. If you have any questions about what you’re trying to accomplish, talk to an expert.
Question:
Property owner owned two adjoining lots. Each lot was separately mortgaged. Owner completed a boundary line adjustment through the county, effecting an equal land trade between the two lots, but never notified either mortgage holder of the BLA. Subsequently, one mortgage holder foreclosed and took title to one of the lots. What was the effect of that foreclosure on the BLA? Continue reading “Foreclosures, Mortgages & Boundary Line Adjustments.. oh my!”
Tenant Occupancy and Foreclosure
Tenant Occupancy and Foreclosure. How long can I stay?
Question:
Are there new state and/or federal laws affecting tenant occupancy of rental property after a foreclosure sale? Continue reading “Tenant Occupancy and Foreclosure”