In a common scenario, a defaulting tenant will leave behind personal property. What is a landlord suppose to do about this? When the tenant defaults on rent If a tenant defaults in rent and reasonably indicates the intention not to resume tenancy, the landlord may enter and take possession of any property of the tenant [...]
Archive | Creditor’s Rights
RSS feed for this sectionSeller financing? Consider a real estate contract
By Joseph on November 20, 2011 in Creditor's Rights, Deed of Trust, Foreclosure, Real Estate Contract, Real Estate Development
The Washington Legislature created the Deed of Trust Statute in 1967. RCW 61.24 et. seq. As a result, over the next forty years it became common practice to secure seller-financed real estate transactions with a deed of trust and promissory note. Because the Deed of Trust statute created an efficient, practical and timely method for [...]
Foreclosure Fairness Act
Last week, Washington joined two other states (Nevada and Maryland) giving homeowners facing foreclosure the right to third-party mediation. The Act is designed to give homeowners an opportunity to obtain loan modifications necessary to avoid foreclosure. Lawmakers hope that the required mediation will lead to a reduction in the amount of foreclosures as well as [...]