We are talking about what it means when we have Fee Simple Title. In most cases, the estate or interest to be conveyed by the current owner to the buyer will be “Fee Simple.” The term “Fee Simple” has it’s origins in the English feudal system. The ownership rights of the tenant on the land during the feudal system were complex and in many cases conditional. At the end of the feudal system the fee (referring to the right of possession) added the term “simple” meaning there were no conditions attached to the right of possession of the owner or that the estate.
Here’s a testimony from John & Daniele Donatelli…”Sandy’s proactive marketing and outstanding communication resulted in such a positive experience that we are forever advocates of Sandy and his service…especially in a climate where many people we have met had a “not so positive” experience with their chosen real estate agent. When our home first became available, Sandy’s proactive marketing resulted in multiple offers. Unfortunately the chosen offer ended up not working out. We regrouped with Sandy re-initiating his marketing program which AGAIN resulted in multiple offers! We couldn’t be happier with the service from Sandy.”
Sharing an original Frank Lloyd Wright original home found on the Sammamish plateau. Built in 1952 on 3.25 acres, this home is like living in a high quality tree house! It was a truly special experience to walk into something with such historic value. In my 20 years as a real estate broker, I have seen many homes built by those inspired by Frank Lloyd Wright but never an original. The photos and video don’t do this home justice. (video)
Louisiana Pacific Siding, or LP Siding for short, was a product that was used in the 1990 era by builders as an alternative to wood siding. Due to the moisture in the Pacific Northwest, it did not do well. There was a class action law suit (that has since expired) against the company. In the image is the classic signature knot for the product. (video)
Dave Henn of Landover Mortgage presented the HARP Federal Program which involves the possibility of refinancing current loans owned by Fannie Mae & Freddie Mac. More than likely the program won’t become active until December 1, 2011 so stay tuned to this web site. (Video Presentation)
Sales of previously owned U.S. homes rose more than anticipated in August as investors used cash to buy distressed properties. (At a personal level, I have come across numerous homes in a distressed situation with multiple offers waiting for a lender’s decision. This is becoming more of the norm than the exception.)
Purchases of existing houses, which are tabulated when a contract closes, increased 7.7 percent to a five-month high 5.03 million annual rate, figures from the National Association of Realtors showed today in Washington. The median forecast of economists surveyed by Bloomberg News called for a 4.75 million rate. (entire story)
Seattle-area home prices rose in June for the second straight month, according to the Case-Shiller home-price index.
Nationally, the index was up for the third straight month, numbers for June released Tuesday showed.
In the Seattle metropolitan area, which includes King, Snohomish and Pierce counties, prices rose 0.7 percent between May and June, according to Case-Shiller. The 20-city composite index — which includes Seattle — was up 1.1 percent for the month.
The mortgage interest rate markets are subject to an enormous number of factors. Most analysts agree that weather can have an effect on market activity. Although the effects are seldom long lasting, they can be quite significant.
The United States is the world’s largest exporter of corn. Relatively rainy weather across the Midwest portions of the United States can delay the planting of corn. This often causes corn prices to escalate. Sometimes corn farmers plant more acres of corn than analysts expect. Larger corn crops can cause prices to fall. Lower corn prices can carry over to lower food prices for some items. The weather also has the potential to directly alter fuel prices. As we enter the hurricane season, many oil and gas fields in the Gulf along with refineries along coasts are susceptible to damage. If this were to occur, oil prices would almost surely rise sharply. Rising oil prices would do little to help keep inflationary fears in check. The result would most likely be higher rates.
(Information provided by Trevor Reese of Wells Fargo)
Overlake Hospital Medical Center announced Thursday that it plans to open two new clinics in Redmond in the next six months.
The facilities include an urgent care center in the Creekside Crossing development at 17209 Redmond Way and a primary care clinic in Redmond Town Center at 7525 166th Ave. NE, Suite 105. The urgent care clinic is set to open this December, while the primary care center is scheduled to open in January 2012.
Overlake is also planning to open a clinic in downtown Kirkland at 290 Central Way. That clinic is set to open Oct. 17.
Patient care services at the primary care clinics will include same-day and walk-in appointments, comprehensive care for adults, immunizations, physical exams, acute care and chronic disease management. The Redmond urgent care clinic will include 10 exam rooms and a full-service imaging center with digital X-ray, CT and ultrasound.
Over the past two years, Overlake has focused on adding new primary care clinics and expanding its physician network to better serve patients in convenient locations close to where they live and work.
“At Overlake, we’re looking for ways to provide Eastside residents with better access to convenient and cost-effective medical care,” Alan Ertle, Overlake’s chief medical officer and vice president of network development, said in a statement. “Primary care and urgent care are two of the most efficient ways to access healthcare services, and both help patients actively manage their health with a focus on wellness and prevention.”
(Information Via Overlake News Release)