A look at the legislation affecting real estate enacted during the 2009-2010 Legislative Session. For an archive of Legislative Watch years, click here.
This article examines the ongoing changes in reporting and endorsement requirements imposed on residential mortgage loan brokers and their agents under the recently passed Senate Bill 36.
This article comments on the early use of the Natural Hazards Disclosure (NHD) statement by the listing agent when marketing property to properly inform a prospective buyer and the selling agent before the price is set and an offer is submitted to the seller. Also discussed is the liability protection afforded to the listing agent and seller by upfront delivery of the NHD.
This article exposes the inclusion of default insurance premiums and impounds as part of the total monthly payment on an FHA-insured loan, and their effect on the amount the homebuyer is qualified to borrow. Similarly discussed are the costs of private mortgage insurance (PMI).
This article discusses the impact negative mortgage events have on an individual’s Fair Isaac Company (FICO) credit score, and discusses the harm of lender over-reliance on these scores.
Transfer disclosure statement: the affirmative duty to disclose property conditions.
Real estate related issues pending before the United States and California Supreme Courts.
Subscribe to get first tuesday's weekly and monthly articles delivered right to your inbox!
Entries
