SummitSeeker
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Looks like I can back out after all, since no paperwork was presented: http://apps.leg.wa.gov/rcw/default.aspx?cite=59.18.253 RCW 59.18.253 ... "(2) A landlord who charges a prospective tenant a fee or deposit to secure that the prospective t…
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It didn't occur to me at the time because there was no paperwork signed and no mention that it was non-refundable. I've never before made a "purchase" that large that was totally absent paperwork or disclaimers. Now that I think about it, I believ…
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Thanks Ira. It looks like the place I'm about to sign a lease in was inherited in 1982, and King County Records turns up nothing, so I guess no recent cash out refinancing. I think I'll be safe from the foreclosure man.
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Thanks, I had used the assessor's site in the past and the "get property report" feature but somehow I overlooked the property detail tab.
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I think you're pretty much spot on. Not every place will decline the same amount, nor bottom at the same time. Like you say, the outer areas will bottom first, attracting more buyers and stealing demand from inner areas, causing prices further in …
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I don't think banks would agree to go along with this. If you were lending someone money, would you be okay with "but this other guy gave me his copy" or would you demand your own inspection? Then again, banks have been known to make poor decision…
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Renting out the old place isn't necessary for this to work, it would just be extra gravy. The major hurdle will be qualifying for a second mortgage while still paying the first.
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paco_serpico wrote: I'm not sure how she would gain by buying another place after either leaving this one, or renting it out at a loss. She's convinced there's money to be made. That's my whole issue right there. Your friend is right, there…