What are some ABSOLUTE "don'ts" in Washington??
Hello.
I've been searching around to learn more about Washington State-specific laws in relation to investing. I'm mostly focusing on wholesaling right now but these laws would most likely apply to any investor looking for a deal in this state I would imagine.
What I've found so far is to absolutely stay away from pre-foreclosures and foreclosures due to "equity skimming" laws (RCW 61.34). Link: https://app.leg.wa.gov/rcw/default.aspx?cite=61.34
The second thing I've found is pertaining mostly to wholesalers in that an assignment is a much better way to close that a double-closing.
One question I have is regarding code violations or non-foreclosure evictions. Are there any RCW's related to investors approaching property owners in these situations?
Would a property owner with pending code violations or back-taxes also fall under RCW 61.34 or their definition of a "distressed owner"?
Are there any other Washington-specific issues to know before proceeding to find and close deals in this state?
Thank you in advance!
Keywords: wholesaling Washington state legal laws RCW distressed lawyer attorney
Edit: specified non-forclosure evictions