We love to post information about upcoming events and fun happenings in various Seattle and surrounding areas of Puget Sound. See below for info on the Haunted History Tour that's going on in Georgetown (South Seattle)... come for the tour and stay for some of the great local pubs, clubs and restaurants like Smarty Pants, 9lb Hammer, or Slim's Last Chance Chili Shack.
Still not sure what you are doing next weekend? Why not join the Friends of Georgetown History as we present the 5th Annual Haunted History Tour.... meet some ghosts, learn more about Georgetown, and have a fun night out. October 23rd and 24th
Tours will depart from the Coliman Restaurant on E Marginal Way - first one leaves at 6pm.
Tickets can be purchased at http://www.brownpapertickets.com/event/85916
A couple of days ago, I wrote an article that highlighted issues in King County, WA regarding closings in November 2009 that could impact a buyer's ability to get the $8,000 tax credit for 1st time buyers. More news is coming out that impacts this as well and buyers should be prepared that lenders are wary of the volume that will hit at the end of this month as well and they're putting up barriers for any legal action that may come from a rush of paperwork and deadlines culminating at the end of the month during one of our Nation's biggest holidays.
See below for a warning sent out by one of my lending contacts with regard to news they're being given of banks trying to reduce liability for missing the deadline. Be sure to be talking to your lender about their policies and volume that is expected for this month. The last day of the month is a Monday:
One major lender has reminded us that, for the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the homeowner. This must take place before December 1, 2009. This lender is also suggesting that a disclaimer be signed absolving them of any liability should the mortgage loan not get closed in time for the credit. There is a movement to extend the deadline at least 6 months, and even to drop the first time buyer requirement. Who knows what the future of that is. Good Luck Jerry Rutherford Professional Mortgage, Inc.
22659 Pacific Hwy So Suite 101
Des Moines, WA 98198
Phone: (206) 870-5050 Cell: (206) 356-1711
Toll Free: 1-800 764-5626 Fax: (206) 870-5051
Email: jrutherford@pmiloans.com
www.pmiloans.com
WA Lic. # 510-LO-35158
Many people know that local governments and municipalities have been cash strapped and have implemented budget cuts in various departments as of late, but not everyone who is in the process of home shopping realizes that this could impact them directly. In King County, there were forced furlough days implemented throughout the 2009 calendar year so all cities lying within this county area will be affected. See the note below that I received from a local title & escrow firm to know which dates in November and December are affected. The 28th and 29th of November are on a weekend, when NO closings can occur anyway so don't schedule yours for the 30th thinking that there will be plenty of time. As a first time home buyer you might find yourself out of luck with the $8,000 tax credit if you miss the timing and have your sale bumped past the November 30th cut-off date for that benefit.
Many people are expecting a last minute rush of activity this week for those that are hoping to utilize the tax credit as it usually takes 30-45 days to get through the underwriting process for lending so most contracts are written to close within that period of time. The next week or two will be interesting for everyone involved in the real estate and lending industry as we wait to see what buyers will do. If you're in that camp of people trying to take advantage of the credit, then you better get crackin' this weekend and narrow down your choices fast.
We also wanted to provide you a reminder that the King County Courthouse has scheduled the following furlough days and holidays between now and the end of the year. These courthouse closures will impact your closing date selection as well.
King County Furlough Days and Holidays
November 11th, 25th, 26th and 27th.
December 24th and 25th
Short Sales & Foreclosure - Demystifying the Process Saturday, October 10th , 10am - Noon
The financing and housing crisis has hit Washington residents with 1 in 10 homeowners owing more than their home is worth. What does this mean to you as a homeowner, seller, or potential investor buyer? Learn what a Short Sale is (it isn't a fast process) and how it relates to and differs from a foreclosure. How do Short Sales work and who are the best candidates for doing them? What are the timelines for each process? And more importantly, if you're involved in one what can you expect? This class will demystify the process and give you the knowledge you need to navigate one, as a buyer or seller.
Mail in registration at RTC is closed for this course so if you want to attend this class you MUST send email RSVP'ing to Info@TeamReba.com no later than Thursday, Oct 8th. Course cost is $10 payable the day of the class. Only cash or checks will be accepted.
Other class info and sign up is available at this link page 63 of the booklet. Sign up for future classes is available via this link at Renton Tech.
Ok, maybe not, but it's interesting to see that the Wall Street Journal has a tied race between Washington DC and Seattle as top places for a real estate recovery as noted in this quick blurb on Realtor.com. The actual article is The Next Youth Magnet Cities, where they rate cities on technology, launching a career, singles scene, high-quality and high-paying jobs, etc.
Read it and rate it for yourself. Do we in the Seattle metro area belong on this list? I think so... but I'm a little bit biased. ;)
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