Lakewood, WA Homes: A LeaderOne Community

08/05/2022

Let's find your dream home!

08/02/2022

Go ahead! Ask some questions.

07/22/2022

Parking guide for the SummerFest this Saturday!

Headed to SummerFEST Saturday? Parking details are available on our website CityofLakewood.Us/Summerfest.

Note: There are three entrances to access parking at Fort Steilacoom Park: The main entrance at 87th Ave SW and Dalton Dr and Nixon Ave off Elwood Dr. Angle Lane is EXIT ONLY.

You can also park at Pierce College and walk to the festivities. The college graciously opened its campus to increase parking options.

The fun happens all day from 11 a.m. to 10 p.m. We can't wait to see you there!

07/22/2022

- Only attaches to a specific property
- A Mechanic's Lien is created when a contractor or subcontractor that has performed work on a specific property was not paid upon completion of work. There are mechanic's lien laws in every state, but the time frame in which this type of lien will expire varies state by state. For instance, in California, most mechanic's liens will expire after 90 days from the date it was recorded, but in Florida the lien will be in effect for a year.
- A Lis Pendens is a notice that a court action affecting the property has been filed. This document may also be used to foreclose on a property under a Mechanic's Lien. A Lis Pendens has a perpetual duration and must be released or withdrawn.
- Homeowner's Association liens are recorded when a property owner is delinquent on their HOA dues. There is no fixed duration for this type of lien, so escrow must get a demand.
- Substandard Liens are recorded by the city or county. They can be for a number of things including hazardous substances, w**d abatement, or substandard dwellings. These liens do not have a fixed duration. Escrow must order a demand to find out if money is owed.

07/21/2022

- Like judgments, these attach to all property owned by the debtor
- How long these liens will stay depend on your state's statutes, which vary greatly. These liens can be continued indefinitely by refilling the notice before the original lien or continuation expires.
- Title will not close without a demand on federal and state tax liens

07/20/2022

- Attaches to all property owned by debtor
- Depending on your State's Statute, a judgment lien can remain attached to the debtor's property (even if the property changes hands) from 5 to 20 years
- A judgment in favor of the United States of America, a Federal Corporation, has a duration of 20 years

07/20/2022

There are a number of types of Judgments and Liens that can attach to your client and/or their property that affect title when they sell or refinance. Many of these will remain on title for anywhere from 7-20 years or more and must be satisfied accordingly. They may be required by their lender to pay off the lien or judgment in order to close their refinance, or if they're selling their property. Stay tuned for our next few posts for the most common types you may encounter on a Preliminary Title Report.

07/12/2022

A HELOC, or Home Equity Line Of Credit, is an increasingly popular way for borrowers to finance any number of expenses, including home improvements.

The differences between HELOCs and renovation loans is that renovation loans can be used on purchases or current homes, and the potential loan amount is based on the future value of the home after the improvements have been completed.

With a renovation loan you have to use it for exactly what its given to you for, renovations.

So are you looking to only renovate or cover a few other expenses? Have questions or need a little guidance, ask me in the comments or send a message!

07/12/2022

SummerFEST Car Show Saturday July 23, 2022
Have a car to bring?
Register today and receive a special placard
Contact [email protected]

06/28/2022

If you love a house, then buy it. Housing market is strong so if you fall in love with it, Marry it. Rates today are higher than the past several years so if you don’t like the rate, date it and refi later when things get better. So Marry the Home and Date the Rate!

06/19/2022

06/19/2022

Today marks Juneteenth, a holiday that commemorates the end of slavery in the United States. Juneteenth is also a celebration of culture, family, and community. This day is a reminder of our shared experience in America, and the ongoing journey to build.