Seattle Foreclosure Groups

Seattle Foreclosure Groups
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King County Seattle Foreclosure Groups

All about the foreclosure process and buying properties at the auction in King County. We provide full service Real Estate consulting specializing in Foreclosure Auctions and Off Market Bank Properties (REO) in the Pacific Northwest. The #1 Foreclosure Group in Washington.

  • You’ve purchased a foreclosure property WHAT’s NEXT?

    SUCCESS! You’ve purchased a foreclosure property WHAT’s NEXT?
    - Our licensed real estate team is ready the day of auction to assist you to sell, rent or set up a lease purchase option for the acquired investment property
    -
    A mortgage team is standing by, ready to help your with you refinancing needs.
    - Professional vendor referrals at great rates from legal to construction services.

    - Help you if you are planning to to live in the property.
  • Tax Credit for Homebuyers FAQ

    I’m sure you’ve already heard the GREAT news on the Homebuyers tax credit being extended. Below are some points for your buyers that are very helpful. I wish you great success on taking advantage of this extension of the credit. Please let me know how I can help on your up coming transactions.

    Tax Credit for Homebuyers

    First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000. Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount. Current Owners: The tax credit program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

    What are the New Deadlines?

    In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.

    Tax Credit Versus Tax Deduction

    It’s important to remember that the tax credit is just that… a tax credit. The benefit of a tax credit is that it’s a dollar-for-dollar tax reduction, rather than a reduction in a tax liability that would only save you $1,000 to $1,500 when all was said and done. So, if a first-time homebuyer were to owe $8,000 in income taxes and would qualify for a tax credit of $8,000, she would owe nothing.Better still, the tax credit is refundable, which means the homebuyer can receive a check for the credit if he or she has little income tax liability. For example, if a first-time homebuyer is eligible for a tax credit of $8,000 but is liable for $4,000 in income tax, she can still receive a check for the remaining $4,000!

    Higher Income Caps

    The amount of income someone can earn and qualify for the full amount of the credit has been increased. Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligibleJoint filers who earn up to  $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

    Maximum Purchase Price

    Qualifying buyers may purchase a property with a maximum sale price of $800,000.

    Remember, the new tax credit program includes a number of details and qualifications. For more information or answers to specific questions, please call or email me today.In addition, you may be able to benefit from additional housing related provisions, including the following: Click here to contact me.

    Tax Incentives to Spur Energy Savings and Green Jobs

    This provision is designed to help promote energy-efficient investments in homes by extending and expanding tax credits through 2010 for purchases such as new furnaces, energy-efficient windows and doors, or insulation.

    Landmark Energy Savings

    This provision provides $5 Billion for energy efficient improvements for more than one million modest-income homes through weatherization. According to some estimates, this can help modest-income families save an average of $350 a year on heating and air conditioning bills.

    Repairing Public Housing and Making Key Energy Efficiency Retrofits To HUD-Assisted Housing

    This provision provides a total of $6.3 Billion for increasing energy efficiency in federally supported housing programs. Specifically, it establishes a new program to upgrade HUD-sponsored low-income housing (for elderly, disabled, and Section 8) to increase energy efficiency, including new insulation, windows, and frames.

    Expanding Housing Assistance

    This provision increases support for several critical housing programs. It includes $2 Billion for the Neighborhood Stabilization Program to help communities purchase and rehabilitate foreclosed, vacant properties.

  • How to Tile your Backsplash in No Time

    How to Tile your Backsplash in No Time

    from Sorinrealty

    Creating a tile backsplash is a fun project that is easy to tackle, especially if you have a helper! 

    Doing a backsplash in tile is a two day project simply because of the drying time required for the adhesive and the grout.  This is a perfect weekend project to add value to your kitchen and make it look great!

    Materials Needed:

    Wet saw
    (Diamond-blade metal grinder if necessary)
    Notched trowel
    Grout float
    Ceramic tiles
    1/4" spacers
    Mastic adhesive
    Drill with mixing attachment
    Grout
    Level
    Safety glasses

    Note:  These instructions are supplied for use with ceramic, ceramic glazed or porcelain glazed tiles.  Some adjustments may need to be made for using stone tile, especially in the methods used to cut the tiles.

    Step 1: Preparing the Area:

    Make sure the backsplash on your countertop is level.  This is especially important when using smaller tiles.  If you're installing large tiles that will fill the space between the backsplash and the top cabinets, you don't need to worry about the backsplash being level.  You will want to mark a reference line to show how high the back splash will be applied.  This visible horizontal line should be level with the countertop.

    Clean the surface of the wall with warm soapy water.  Ensure that all debris and dirt is removed from the surface that will be tiled.  Even the slightest bit of grease can affect the way the mastic adheres to the wall surface.  If the surface has wallpaper, remove it. Ensure the backing of the wallpaper is removed as well.

    Step 2: Lay Out the Design:

    Locate and mark the center point of each area to be tiled. 

    To determine the number of tiles needed for your project, do a dry run of the layout.  This is completed by starting with a tile at your starting point (the edge of the center point that you already marked out).  Then place a second tile next to it.  Now take the first tile and ‘leap frog’ it over the second tile and so forth all the way down to the edge of your project area. 

    This will help you decide how to lay out the tiles to prevent awkward small pieces at the ends or any unfinished tile edges showing visibly.

    If the end pieces will be very small, repeat the dry run, centering the first tile on the center mark. This will allow you to cut larger and more attractive corner pieces.  If one side of your tile work will have exposed edges, use whole tiles near the edge and cut only the tiles that will be close to the wall.

    It is recommended to lay out the tiles for your backsplash on the counter top in the order they will be applied to the wall surface.  This ensures that you do not mix up the specific pieces and put them in the wrong place in the layout.

    Tip!: Since you likely won’t be purchasing a wet saw for this project you can rent one from your home renovation store for a reasonable price, usually around $50 a day.  Even better, you can save money and time by marking your cut lines on the tiles and taking them to your home renovation store.  Most stores can cut the tiles for you based on a price per cut.  This can save you a great deal of money if you don’t have many cuts to make.

    Step 3: Applying Adhesive:

    Scoop out a large dollop of mastic adhesive with the notched trowel.  Spread the mastic adhesive on the wall starting from the center mark.  Spread the mastic towards the horizontal reference line.  Then continue to spread the mastic horizontally along the surface.  Spread only as much adhesive to the surface as you can work with in a 10 minute time frame.

    To apply the mastic, hold your trowel at a 45 degree angle with the notched side of the trowel against the surface.  The notches in the adhesive allow for even distribution of the mastic to the tile.

    Step 4: Placing Tiles:

    Beginning at the center mark, set the tiles firmly in place in a straight row.  Make sure to use spacers to ensure that your grout lines will be even.  Do not set any corner pieces in place unless they are uncut.  (See below)

    Important Info:  Trim any tiles to fit around electrical outlets using the diamond blade metal grinder or a wet saw.  To do this, first measure the size of the electrical outlet or fixture.  Transfer the measurement to the tile.  Using the wet saw or grinder cut out the opening by starting first on the front side of the tile but not cutting all the way to the corner.  Turn the tile over and complete cutting to the corners from the back side of the tile.  Always wear safety glasses when cutting tile!

    After the first row is completed, begin on the second row.  Repeat the process until you have reached the top of the horizontal reference line.  It is important to check your work as you go to ensure that your lines are level.  Also check to ensure your spacers are firmly in place so tiles do not slip down.

    Corner Tiles:  Cut corner tiles with a wet saw.  Place on the surface with the cut side facing the corner.  This will hide any unfinished edges from being noticeable with the end project.

    Let tiles set in place for about 1/3 of the recommended time to dry on the mastic adhesive label.  At this time, remove the spacers gently so as not to jar the tiles.  Tiles should be set up enough to stay in place without the spacers for the remaining drying time.

    Step 5: Applying Grout:

    Tip!: Selecting the grout to use largely depends on the project at hand.  If you are using smaller tiles, likely your grout line will be smaller.  Using unsanded grout is recommended for smaller grout lines.  When selecting the color of your grout, keep in mind that a similar color to your tile will allow for a seamless look.  Choosing a contrasting color can provide a bold look, but may grow tiresome to the eyes. 

    Mix the grout according to package directions, to the consistency of peanut butter.  It is helpful sometimes to use a drill with a mixing attachment set at a low speed.

    Apply the grout with a rubber grout float.  If the space for the grout lines is a bit larger, you may need to work the grout into each line individually.

    Allow the grout to sit for 10 minutes then wipe off the excess with a tile sponge.  Make sure to hold your sponge at a 45-degree angle to avoid ‘digging out’ the grout from the lines.  You just want to clean up the surfaces of the tile and make sure the grout lines are not thicker in one area more than any others.

    Allow the grout to dry to the full drying time as indicated on the package label.

    You can now replace the receptacle covers on the wall. 

    Note: you will need to use longer screws to compensate for the thickness of the tile.

    For more reports visit www.sorinrealty.com

  • Want to help Sell Your House? Get Lost!

    What is the best thing you can do during showings of your house?
    Make yourself scarce.

    Ever shopped in a store where the employees clearly work on commission and almost seem to lurk in the background, watching your every move, while you shop?

    This scenario doesn't really put you in the buying mood, does it?
    It can be uncomfortable exploring a home when you also feel like you’re being watched. Making buyers feel comfortable when looking for a home is absolutely essential. Buyers tend to have little interest in asking you questions about your property because the answers you provide will certainly be biased in some way. This is why you have hired a real estate agent to represent you and your home. Who better than a qualified professional to be the spokesperson for your home.

    You carefully selected and hired a Realtor® to sell your house – now is the time to step back and let him or her do just that!

    http://sorinrealty.com

  • Why purchase at a foreclosure auction?

    There are a number of advantages to purchasing property at foreclosure auction:

    Great values:

    Obtaining real estate at a property foreclosure auction can be a very worthwhile investment of time and money. Regularly, a small amount of bidders may materialize on the day of a property foreclosure auction, so there may be little or no contest for a particular property. Countless people are unaware that property can be purchased this way, or are intimidated by the procedure. This means that vacant land, condos, and single family homes are sold for a reduced amount of market value, sometimes considerably less. Most investors that buy at a foreclosure auction look for properties to be 25% to 30% less than retail value. But if you have patience and the right resources often enough you can purchase properties at a 50% or more of a discount.

    Commission or No Commission?: 

    Because you are purchasing directly at the auction this does not mean you that you will not pay a commission. Paying a foreclosure group a % fee for their services can be the difference between buying a great deal and losing a great amount of money. The foreclosure group or real estate pro that helps you with your auction purchase, will do most of the homework that is required, this includes funds for purchase, market valuation, lien, title information and much more. Remember buying a foreclosure can be easy but making a profit requires experience and experience is what a foreclosure expert can help you with. If you have purchased properties at auction and you feel that you know what your are doing all on your own, then you pay no commissions when are purchasing at auction

    Ownership:

    Typically quick possession if you are the successful bidder, you are entitled to possession of the property as soon as you receive the Trustee’s Deed. 
    Accessibility:
    Best of all, anyone can purchase a property at auction.

    Visit www.seattleforeclosuregroups.com or call 425-216-3838