Posted in Bankruptcy, Short Sale, Uncategorized

3 Most Common Types of Bankruptcy

The types of bankruptcy are named for their chapters in the United States Bankruptcy Code:

Chapter 7  Liquidation of all non-exempt assets

A court appointed trustee or administrator takes possession of any nonexempt assets, liquidates these assets (often times through an auction) and then uses the proceeds to pay creditors. Can be used by all individuals and businesses.

Chapter 11  Reorganization – Primarily used by larger businesses

Pursuant to the confirmed plan of reorganization, the debtor repays a portion of its debts and discharges others. Designed to allow businesses to continue operating, while repaying creditors through a court-approved plan of reorganization.

Chapter 13 Adjustment of Debts – Typically used by wage earners and small businesses

The debtor proposes a plan to repay debts, usually over a 3-5 year period. This repayment plan must be approved by the Court.  While plan is in effect, the debtor is protected from lawsuits, garnishments and other creditor actions.

Note: Title companies need approval from the courts to close any transaction that includes bankruptcy filing.

 

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Posted in Buying a Condo, Buying a home, Financing info, Foreclosure, Real Estate, Selling a home, Short Sale

What is a Financing Contingency?

A financing contingency in a home purchase or home sale transaction conditions the sale on buyer obtaining a loan.  If the buyer is unable to obtain a loan, the contract terminates and if the buyer complied with the contingency terms, the buyer is entitled to a return of their earnest money.

This contingency is in the contract to protect the buyer in case for some reason they cannot get a loan.  It the contingency is not included and  the buyer cannot close because a loan is not approved, the buyer forfeits the earnest money.

The financing contingency  states the type of loan the buyer will obtain, how much money down they will put and has closing cost terms.

 

For more info on what a contingency is –Click here

To find homes in your area currently for sale   – Click here

Posted in Buying a Condo, Buying a home, Foreclosure, Market update, Real Estate, Selling a home, Short Sale

Homes Near Hazen Senior High School in Renton WA

Homes Near Hazen Senior High School in Renton WA

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Find homes for sale near Hazen High School in Renton WA. Our For Sale property information is a direct feed from the NWMLS and is updated multiple times per day.

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The homes near homes for sale near Hazen High School in Renton WA have easy access to schools, shopping, trails and parks. You will love coming home to the  Hazen High School in Renton WA every day!

To find out what your home near homes for sale near Hazen Senior High School in Renton WA is worth, fill out this simple form.

Awesome Schools

To get local school scores and more information about the Elementary and Middle schools serving the Renton WA, check out Renton WA School Reports on my website.

Super Convenient Renton Location

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Hazen Senior High School in Renton WA  is conveniently located in the East part of Renton  WA. This location offers convenient access to several parks, trails, grocery stores and shopping malls.

9 miles to the Westfield Shopping Center Southcenter

5.12 miles to Emerald Downs

7  miles to Valley Medical Center.

2 miles to Renton Technical College

15 miles to Downtown Seattle WA

30  miles to Downtown Tacoma WA

11 miles to Seattle Tacoma International Airport

5 miles to Maplewood Golf Course

Find out about everything that is nearby to Hazen Senior High School in Renton WA including places of worship.

The homes near Hazen Senior High School in Renton WA are a great place to call home. You will not be disappointed if you end up living here. You can find homes for sale near Hazen Senior High School in Renton WA (if there are any available today) as well as all available Renton WA homes for sale on my website.

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Affordable Low and No Down Payment Options

Homes near Hazen Senior High School in Renton WA are approved for several types of financing with low or no down payment required.  Find out what programs you qualify forVA Zero Down Financing approved, FHA financing approved, Alaska Housing Finance Program AHFC Approved, Conventional Financing approved.  Learn more about How To Buy A House With A Low Down Payment In Renton  WA 

Free Market Report For The Homes Near Hazen Senior High School in Renton WA

The data used this Free Market Report is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Call or email anytime to discuss how this information can benefit you!

Thank you for reading about the Homes Near Hazen Senior High School in Renton WA !

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