The Washington State legislature has passed a new law intended to protect homeowners from scammers who might try to take advantage of homeowners who fall behind in their loan payments. Known as the "Distressed Homes" law, real estate agents will now be required to take extra actions to determine if a seller is in danger of foreclosure.
If your home is currently on the market and the sale will not close before midnight, June 11th, you will need to sign an addendum to your original listing agreement, declaring whether or not your home meets the four-pronged criterion for a distressed home. All new listings will now be required to fill out these additional forms. Your agent will provide you with all the necessary information to comply with this change.
Single adults face unique challenges when buying and selling a home. I know because I've done it myself, & a significant portion of my clients are single. This blog provides news & information you need to help you achieve your real estate goals. Alice Kuder, REALTOR®, Green. Prudential Northwest Realty Associates, Seattle, WA
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