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  • Predatory Upfront Loan Modification Fees (161)
    • jillayne: lucy, next step is to find an attorney.
    • Lucy: I contacted the timr@cccsmt.org apparent director? Great Falls. He emailed me back giving me a local number for consumer counseling. I called them and she said...
  • Joe Sixpack and the Subprime Crisis (8)
    • Rob: Joe wondered why breaching his promise demanded such a penalty, when those who breached their promise to him of getting a RE-FI and reasonable mortgage payments...
    • Chris Butterworth: This is the best example I’ve read so far - great job of putting things into such an easy-to-follow story! Not everyone out there who got into...
    • Courtney Cooper: It would be nice if they could bail out six pack instead of all the golden parachutes…
    • Rhonda Porter: With all the mortgage moderations taking place, it would be great if Congress forced banks to reduce rates on credit cards. There should be a limit on...
  • RCG’s New Look!  (30)
    • Dustin: Okay, the final three updates I had in mind are now done: 1) From the homepage, you can now see the most recent comments… the trick is that I wanted to...
    • Dustin: I just installed a comment plugin that (with my limited testing) appears to let you edit your comments for 10 minutes after you leave a comments. Let me know...
    • ARDELL: Thanks Dustin! So far I’m liking it.
  • Are Washington Consumers Safer Working with DFI Regulated Lenders? (8)
    • Rhonda Porter: Jillayne, I WISH! “maybe it will be one set of rules for all LOs.”

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MLS - The New Internet Cop?

Here is an article I wrote on the findings and recommendations of a NAR Work Group that addressed REALTORS use of the Internet and the interplay betweent the REALTOR Code of Ethics and MLS Rules and Regs:
MLS Law and Business (pdf)

Buying Investment Property - Entity Protection

Many “average” Americans are dipping their toe into the world of investment real estate. Not satisfied with owning REITs, many non-real estate professionals are turning to buying vacation homes, single family rental properties, small multi-family dwellings and even small commercial buildings.
If you are in this group (or thinking of joining this group), I want [...]

Golf Balls

Ok, this post is really not about golf balls but they are part of the story. A recent case illustrates how courts are putting more obligations on buyers of residential property to understand the condition of the property notwithstanding the seller’s customary obligation to provide a disclosure form to the buyer.
This case involved a [...]

Who Benefits from a Buyer’s Agreement?

(Editor’s Note: I’m happy to introduce Russ Cofano as a new contributor on Rain City Guide. He is a practicing real estate lawyer in Seattle with a tremendous amount of legal and business experience. Among his many roles and accomplishments, Russ is the former retained General Counsel for the Washington Assn of REALTORS (”WAR”), Seattle-King [...]