Housing advocates are skeptical that new rules will provide underwater borrowers with a single point of contact to help them navigate the mortgage maze….Comments from Mike Satterlee: Having a single point of contact is not a silver bullet that will somehow change the behavior of loan servicers. Homeowners need to take action – fish or cut bait now! Government needs to get out of the way – no more lender bailouts. Let the market find its own equilibrium.
Via finance.yahoo.com
New EZdigs Condo Listing in Renton – Close to Everything!
Auction raises $6,000 for 4th of July Celebration | Kirkland Views
On Sunday, Celebrate Kirkland raised over $6,000 in a flash auction to support Kirkland’s Fourth of July….
Via www.kirklandviews.com
Open House Tuesday, Feb 28th on 520 Bridge work site in Kenmore
CONTRACTOR KIEWIT/GENERAL/MANSON (KGM) AND WSDOT ARE HOLDING AN
OPEN HOUSE AT KENMORE CITY HALL
ON FEBRUARY 28 FROM 4:30 TO 7:30 P.M.
Via kenmoreblog.net
Home prices appear to be stabilizing in Bellevue – Bellevue Reporter
Median sales prices for single family homes on the west side of I-405 in Bellevue jumped 40 percent last month over January of 2011….
Via www.bellevuereporter.com
Electronic Signatures in National Commerce Act
On June 30, 2000, Congress enacted the Electronic Signatures in Global and National Commerce Act (the “Act”), to facilitate the use of electronic records and signatures in interstate commerce by ensuring the validity of contracts entered into electronically. The Act went into effect in October of 2000. At EZdigs, we’ve been using electronic signatures for several years now.
The Act provides that “a signature, contract, or other record related to such transaction may not be denied legal effect, validity, or enforcement solely because it is in electronic form.” 15 USC 7001 § 101(a)(1). In addition, “a contract, relating to such transaction may not be denied legal effect, validity, or enforceability solely because an electronic signature or electronic record was used in its formation.” 15 USC 7001 § 101(a)(2).
The Act defines an electronic signature as “an electronic sound, symbol, or process, attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record.” 15 USC 7001 § 106(5).
NWMLS’s purchase and sale agreements provide: “The parties acknowledge that a signature in electronic form has the same legal effect and validity as a handwritten signature.” This provision is simply an acknowledgment of the existing law to provide the buyer and the seller with notice that the agreement may be signed electronically. The Act does not require that the parties agree to use electronic signatures for those signatures to be valid.
How can King County Regulations of On Site Sewage (OSS) impact the closing process?
When a property served by a septic system is being sold or transferred, the seller must record a Notice of On-site Sewage System Operation and Maintenance Requirements (OSSM)** at the King County Recorder’s Office. This is a document that acknowledges the property is served by a septic system and describes the owner’s responsibilities for maintaining the system.
King County requires the sellers of all properties with septic systems to have them inspected by a King County licensed On-Site System Maintainer (OSM). The inspection must be given to both the buyer and the Public Health Department before the transfer of title.
A transaction may be delayed until the following steps are completed:
• Verification from the County Health Department that they have received, reviewed and approved the OSS report and have received their fee prior to closing.
• The buyer must sign the form 22U (buyer’s declaration of receipt) prior to closing.
• Escrow needs to be provided with evidence that the form 22U has been recorded. It must be recorded prior to the transfer.
• There is a required $40.00 OSS “Education Fee”, paid to King County, for which the buyer will receive educational material from King County three (3) to six (6) months after closing. Escrow can facilitate this process.
If you want more detailed information please contact the Public Health Department at 206-296-4600 or visit the website http://www.kingcounty.gov/healthservices/health/ehs/wastewater.aspx
Contest: My Dream School
Vote for your favorite “Dream School” by clicking on the link and voting for Johnny Satterlee:). Johnny did everything on his project himself. We helped him w/some grammar but the concept and power point graphics are all Johnny!
Via www.educationvoters.org
Builders’ Show: Slimmed-down solar shingles
CertainTeed’s Apollo Photovoltaic Solar Roofing is aimed at homeowners who want solar power without the bulk. These panels are less than an inch thick yet promise to slash 40 to 70 percent off electricity bills in a typical installation.
Via news.consumerreports.org
Go Bothell – Northshore Community Guide & Business DirectorySneak Peek… What downtown Bothell may look like in the future – Go Bothell – Northshore Community Guide & Business Directory
Sneak Peek…find out what the new Downtown Bothell might look like AFTER it’s built http://t.co/fDhRMqoF…
Via www.gobothell.com




