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Short Sale Addendum Video Series

Annie Fitzsimmons, the Washington REALTORĀ® Legal Hotline Attorney walks you through each paragraph of the addendum and explains the implications of each. We have broken the discussion into three, four-minute discussions to fit your busy schedule.

Reduction in Re-Fi Costs for Some FHA Borrowers

Borrowers with some federally insured mortgages will be able to refinance into lower interest rate loans more easily and cheaply under a plan unveiled this week by the Obama administration.

More at CNN Money

 

Reminder: 3.8% Tax to have Minimal Real Estate Impact

3.8%With tax season approaching, rumors are circulating again that the federal health care reform law passed two years ago has a 3.8 % transfer tax on real estate starting in 2013. That rumor is not true and NAR has material available to explain how that 3.8 percent tax works.

More info

 

$648 million to Help WA Homeowners

3.8%Washington state's share of a $25 billion settlement with some of the nation's biggest mortgage lenders will be about $648 million. The agreement reached could help thousands of WA homeowners stay in their homes though loan modifications or reduction of principle balances owed on their mortgages. It is said to be the biggest consumer financial-protection settlement in U.S. history.

More at Everett Herald

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