Hey everyone! Today is my birthday and I am going to be somewhat selfish by asking you all for something. I signed up for Base 2 Space and will be climbing (probably crawling) the Space Needle stairs on October 3rd in an effort to raise money for Fred Hutch. Unfortunately, cancer has stricken my family on more than one occasion. Fortunately, those who were affected were able to beat cancer thanks in part to the work that the Hutch is doing. 100% of all donations go to the Hutch and they are partially tax deductible. With all of that being said, do me a birthday solid and donate by clicking the link to my donation page below. Plus, for the rest of today my company, Meyler Legal, PLLC, will be matching all donations that are made up to $500.00. So, whether it's $5 or $500, help me and the Hutch kick cancer's ass.
I will be making another appearance on Real Estate Fairway this afternoon. I will be discussing legal issues in real estate as they pertain to legalized marijuana/I-502. Tune in on 1150 AM at 4:00 p.m.
Tomorrow is the Legal Issues in Real Estate Symposium. There are about 180 licensees registered as of this morning and space is filling up. This is a great opportunity to take care of some of your real estate clock hour course requirements. Check it out.
For all of you real estate industry folks out there, you can get 7.5 clock hours of education you can use toward you annual license renewal by signing up for the Legal Issues in Real Estate Symposium that I'll be teaching at on May 29, 2014. Check it out...
Hey REALTORS®, I am the 2014 At-Large Director for the Seattle King County REALTORS® Affiliate Counsel and we have a great event coming up on January 31st that we are putting on; "Dodd-Frank Act: Everything you wanted to know, but didn't know to ask." Great speakers on a hot topic. Check it out!
I'lll be making a guest appearance on real estate radio tomorrow afternoon from 3:00 p.m. to 4:00 p.m. If you're interested, here is the link to stream the broadcast.
On September 13th, I'll be a part of the panel presenting at the 2013 Northwest Real Estate Summit and Mortgage Expo along with Lennox Scott, Chairman & CEO of John L. Scott Real Estate, Marc Savitt, President of NAIHP, Tommy Duncan, Executive VP of Quality Mortgage Services, LLC and Rhonda Porter, Nationally recognized Mortgage Blogger. The Expo will take place at Meydenbauer Center in Bellevue and Washington Real Estate Agents get free clock hours! Check it out!
Legal disputes are being arbitrated more and more often these days. Sometimes it takes a while for the law to catch up to the issues that arise from change. On July 28, 2013, Washington State House Bill 1065 will become effective, clarifying that, "A claim sought to be arbitrated [under the Washington Uniform Arbitration Act] is subject to the same limitations of time for the commencement of action as if the claim has been asserted in a court."
If you haven't already done so, pick up the current issues of Seattle Met and Super Lawyers magazines. You can check out who has been selected to the 2013 Seattle Super Lawyers and Rising Stars lists, including me! No more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. Congratulations to all who made the list. #SeattleMet #SuperLawyers #RisingStars
The Supreme Court of the U.S. of A. made some very important and interesting rulings today.
SCOTUS struck down a key provision in DOMA, ruling that the federal government can't deny certain benefits to same-sex couples in states where same-sex marriage is legal. Still up in the air is: a) what happens if a same-sex couple marries in a state where it is legal and then moves to a state where it isn't?, and b) how the fed gov't is going to implement laws that will differ from s...tate to state?
SCOTUS also ruled that a private party had no standing to challenge a Ninth Circuit ruling that California's Prop 8 was unconstitutional, allowing same-sex marriage in California to resume. Prop 8 was a voter approved amendment to California's Constitution that sought to define marriage as being between a man and a woman. The ruling is based on procedural grounds; SCOTUS did not make any substantive ruling about the constitutionality of Prop 8
I wouldn't call this a "new trend." In fact, I think it happens far more frequently than some may think. I have drafted covenants and/or negative easements for quite a few clients for the purpose of protecting the view that they enjoy from their property from being wiped out by development on a neighboring property. Although it can be expensive up front to pay a neighbor to restrict development on their property, just imagine the diminished value of your property if that neighbor was to develop! Plus...who doesn't like a nice view?
The real estate market is wild right now. Inventory is low and prices are soaring all over the US, and Washington is no exception. In an effort to compete, many buyers are waiving their inspection contingency, performing pre-inspections, or foregoing a professional inspection altogether. This recent trend is certain to result in some buyers identifying costly defects after they have already purchased their home. In Douglas v. Visser, a recent WA Court of Appeals decision, the Court confirmed Washington's buyer-beware rule where the buyer knew, or had the opportunity to know, about defects on the property, even where seller's actions were potentially fraudulent. If you are a buyer or an agent representing a buyer, do you really know what the consequences are of waiving that inspection? Have you seen such problems arise already?
In the last two days, two separate referrals contacted me recently about documenting a real estate transaction with seller carry back financing (seller finances the deal rather than a conventional lender). In both instances, the buyer and seller intended for a balloon payment to be due in 5 years, wagering that the buyers would be able to obtain a bank loan in that time. Neither seller was aware of recent changes in the law making this unlawful nor of the significant penalties, i.e. treble damages in the amount of interest paid by the borrower. One of the sellers already took a down payment. Whoa! Save yourself and get professional advice before jumping feet first into something!