Sometimes a picture can communicate information much more clearly and quickly than words. With that in mind, we’ve used diagrams and infographics here to answer common questions that our Escrow Officers, Title Officers, and Property Information Specialists receive.
The six infographics below answer tough questions relating to real estate probate situations, property taxes, REO transactions, and bankruptcy.
1. Probate Path – Single at Death
This flow chart illustrates who now owns the property when an owner of record is deceased and single at death. Click the following link for more information: Probate Path – Single at Death
2. Probate Path – Married or Domestic Partner Community Property
This flow chart illustrates the process of identifying who now owns the property in a situation where one partner is deceased and the real estate is considered community property. Click the following link for more information: Probate Path – Married or Domestic Partner Community Property
3. Probate Path – Married or Domestic Partner Separate Property
This flow chart illustrates the process of identifying who now owns the property when one or both partners is deceased and the real estate is owned as a separate estate. Click the following link for more information: Probate Path – Married or Domestic Partner Separate Property
4. The Property Tax Annual Cycle
This infographic answers common questions relating to property taxes in Washington state, including how are taxes calculated, when they are due, and how taxes are prorated for buyers and sellers. Click the following link for more information: Property Tax Annual Cycle
5. The REO Transaction Process
This infographic illustrates the timelines in escrow for purchases of bank owned properties. Click the following link for more information: REO Transaction Process
6. The Lifecycle of Bankrupcty
This flowchart depicts the complex process of filing for bankruptcy and includes the most common paths for chapters 7, 11, and 13. Click the following link for more information: The Lifecycle of Bankruptcy
