Blog
Is Your Title Company Proactive in Preventing Fraud?
As a real estate professional, you do your best to educate and protect your clients from fraud and scams. You watch for anything suspicious, such as requests to sell a property below market value, communication only through electronic means, or requests for a...
Seller Wrap Real Estate Transactions
A seller wrap real estate transaction, also known as a wraparound mortgage or simply a "wrap," is a type of creative financing arrangement used in real estate transactions. In a seller wrap transaction, the seller acts as the lender, offering financing to the buyer...
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Important: New Certification Form for Co-signor Exemption
The exemption allowed under WAC 458-61A-215(2)(d) for addition of a co-signor to title and (2)(e) for removal of a co-signor from title require a narrative submitted with the Real Estate Excise Tax Affidavit. Due to the high level of misuse resulting in unintended tax...
To Quit Claim or Not to Quit Claim…
To Quit Claim or Not to Quit Claim: Weighing the Pros and Cons When it comes to real estate transactions in Washington State, one important decision to make is whether to use a Quit Claim Deed (QCD) or explore other options. A Quit Claim Deed (QCD) is a legal document...
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Common Misuse of Power of Attorney in Real Estate Transactions
The Common Misuse of Power of Attorney in Real Estate Transactions Power of Attorney (POA) is a legal document that allows one person (the principal) to grant another person (the agent or attorney-in-fact) the authority to act on their behalf in various...
Common Title Insurance Claims
Title insurance is an essential part of the real estate transaction process. It provides protection for both homebuyers and lenders against any unforeseen issues that may arise with the property's title. While title insurance aims to offer peace of mind, there are...
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Demystifying Real Estate Deeds: A Guide for Agents
When it comes to real estate transactions, there's a lot to learn, and one essential topic is the various types of deeds used to transfer property ownership. Don't worry if this seems a bit overwhelming at first – we're here to break it down for you in simple terms....
