Who falls under ‘distressed home seller’ category? | Jan Zufelt

Dear Jan: We are confused. We heard on the news about a new law regarding “Distressed Home Sellers.” Who falls into this category?

Distressed Home Sellers

Dear Jan: We are confused. We heard on the news about a new law regarding “Distressed Home Sellers.” Who falls into this category?


Dear DF & LL: This law is brand new and became effective June 12. It was designed to protect home sellers, who are – or get this – think they might become behind on their house payments in the four months following listing their home, or once the home is listed and they fall behind on their house payments.

If the seller falls into this category they are a “Distressed Home Seller.” Real estate agents/brokers then have rules to follow and decisions to be made as to whether or not they want to be a “Distressed Home Consultant.” You may also be asking what the seller is being “protected” from.

Well, I am sure it won’t surprise you but there are unscrupulous people out in the world taking advantage of people who are in a financial bind. To protect the public, the legislature stepped in and created the law. Most local real estate offices have had meetings and classes to educate their agents on this new law, so if you fall into this category, know that locally you should be in good hands. Just ask your agent if they know the law.

Oh, and bottom line … at your listing appointment, don’t be surprised when your agent asks you, “Are you current on your house payment?” They aren’t being nosey; they must follow the law!

Email Jan Zufelt at janzufelt@telebyte.com.

More in Business

Scarecrows will be out on Bay Street this Halloween

Visitors can vote for their favorite at a downtown business

City extends CARES business rental relief funding

Almost $100,000 delivered already to more than 20 local businesses

Port Orchard Cares: Grant program ready for small businesses hit by COVID-19

Twelve grants of up to $5,000 have been made available by city

Taste of PO photo contest over Labor Day weekend

Winners will receive gift certificates

Bremerton’s Art Anderson to support WSF hybrid design

Company to provide design components for up to five Olympic Class WSF ferries.

Search downtown this weekend — for painted rocks

POBSA merchants will hold drawing for those who post selfies with their rock

Restauranteurs struggling to survive in a COVID-19 world

The thin margins of small-business restaurants, crippled customer access, putting them on the brink

Port Orchard Chamber establishes COVID-19 resource page on its website

Links listed for national, state and county websites of benefit to business people

South Kitsap Properties opens new office in Port Orchard

Real estate office is on Bethel Avenue

IRS tax filing season starts Jan. 27

The deadline to file 2019 tax returns is Wednesday, April 15

Wave Broadband to increase costs of some TV services

Rate increases to take effect Feb. 1

Village Greens Golf Course wins Community edg3 Award

Bothell shoe company wins grand-prize award from Kitsap Bank