Realtors: The MLS now requires that you upload the legal description when inputting a new listing (so it can be attached to a later Purchase and Sale Agreement). Let Cascade Title help you–ask for an “Exhibit A” –the legal description–and upload it! Realtor Options to get a VERIFIED Exhibit “A”: (1) order an Exhibit “A” for $1 from Cascade Title; (2) order a Listing Order title report (you’ll get the Exhibit “A” immediately and the title report has the added benefit of disclosing any title issues now instead of later, so you can avoid surprises when an offer is received)! Just call Cascade Title at 360.695.1301!

NOTE: A trio (or Property Profile) has always included the last Deed on the property, but is not “verified” by the title company to be the current, correct legal description. For example, if the owner had done a boundary line adjustment or subdivided/short platted the property. Cascade Title is happy to do this verification, but the Insurance Commissioner says we can’t give it away for free, hence the $1 charge.

Effective February 27th, 2013, HUD will be implementing a “Buyer Select” closing agent pilot program. All buyers whose contracts are executed on or after February 27th in the state of Washington can now select their own escrow company. The selling agent will be required to complete an addendum providing the name and contact information of the selected escrow company. This addendum must be submitted with the contract package at the time of bid acceptance.  Please note, escrow fees will now be a buyer expense. HUD will only pay a portion of the closing fees, if the buyer includes closing costs on line 5 at the time of bid submission and there are sufficient funds remaining to allow for this fee to be paid. If there are no closing costs included in the bid, the buyer will be required to pay all escrow and closing fees. This is a change from previous notices that will be effective with the pilot program.

Cascade Title welcomes your next HUD transaction.

Realtors: Your head hurts when you think how it’s been beaten into you how important it is to attach the legal description when writing up a Purchase and Sale Agreement.  But, did you know that you can upload the legal description of your new listing into RMLSweb so that other Realtors can print it up to attach to their offers?  According to RMLS, only 30% of listings contain such an attachment.  Let Cascade Title help you turn that listing into $$ by obtaining from us an “Exhibit A” –the legal description–and uploading it!  Optional: order a Listing Order title report at the same time, so you can avoid surprises when an offer is received!  Just call Eric Zilm at Cascade: 360.695.1301!  If you need assistance in uploading to RMLSweb, call the RMLS Help Desk.