In Washington, No Monetary Claim Against the Foreclosing Trustee For Wrongful Foreclosure Until the Foreclosure Sale Has Occurred
In Frias v. Asset Foreclosure Services., Inc. (Wash. Sept. 18, 2014), the United States District Court for the Western District of Washington certified a question of Washington law to the Washington Supreme Court. The issue centered on whether Washington law recognized a cause of action for monetary damages where a plaintiff alleges violations of the Deed […]
Five Questions to Ask Before Stealing From Your 401(k) – WSJ
Everybody knows it’s a sin to raid your 401(k). Or so people say. The truth is, sometimes it can be an option if you’re short on cash and faced with, say, big medical or tuition bills, threat of foreclosure or other pressing need. Most company plans do permit loans and hardship withdrawals from 401(k)s, though […]
Over the Past 112 Years – Which Occupations Are Most Likely To Be A Homeowner? You Would Be Surprised!
Who’s more likely to own a home — those in jobs that pay more, right? A new study by Ancestry.com Inc. suggests the answer is more complex. Roughly 90% of optometrists in the U.S. owned a home in 2012, according to the family-tree website, which analyzed census data going back to 1900. So did 87% […]
HOME-SHARING? DON’T IGNORE THE LIABILITY
Typical insurance policies won’t cover people participating in the “sharing economy” by renting out their home or using their car for driving services. More and more insurance companies and state insurance regulators have ruled that home owners may find themselves without insurance if there would be a loss when renting out their home or car. […]
Proposed abandoned property law stirs debate
City council slated to vote on ordinance this month Judith Spitzer October 9th, 2014 -Judith Spitzer This duplex building, located at 3007 E. Fourth in east central Spokane, is one of 200 to 300 properties in foreclosure in the city currently. City leaders say a proposed registry of vacant, single-family Spokane homes in foreclosure would […]
Avoid Washington (and Idaho) Probate Using The New Transfer On Death Deed
In Washington and Idaho, how do you keep your house, or other valuable real estate, out of probate? If you own it jointly with your spouse, as community property, you typically can pass title to your spouse without a probate. However, if you hold title to the property in your name alone or want to […]
Doubled-up homes aren’t just for couch-surfing adult kids (and reluctant parents) anymore – Capitol Report – MarketWatch
September 27, 2014, 3:10 PM ET SHARE:MORE EmailPrint With the economy growing in fits and starts, an increase in “doubled-up” homes isn’t just young adults moving into their parents’ basements, according to a recent economic research note. The number of in-laws and nonrelatives added to family households picked up last year, housing economist Thomas Lawler […]
New Ways to Profit From Renting Out Single-Family Homes – WSJ
Two-and-a-half years into the U.S. housing recovery, the real-estate industry is rolling out new ways for individuals to invest in the property market. Brokers, property managers and others are helping buyers purchase houses in distant cities and manage them as rentals for a fee. Publicly traded trusts that collect rental income are selling shares to […]
Homeowners Tap Income in Their Homes—by Renting Out Space – WSJ
There are a number of sites that let renters and landlords link up, and in some cases the sites specify that only entire homes or guest buildings may be rented out. The movement to rent spare rooms in particular has been accelerated by one website—Airbnb Inc. The site, which operates in over 35,000 cities around […]
Can I Actually Rent-to-Own a Home? – Yahoo Finance
In today’s economy, there are many people who would like to become homeowners but lack the means to do so. For them, a rent-to-own arrangement can appear to be an attractive option. But how do these arrangements work and what are the potential shortcomings? Though there are variations, the basic lease-with-option-to-buy arrangement works like this: […]