Entries
NODs and trustee’s deeds: less depressed but still grim
By Bradley Markano • Jan 24th, 2012 • Category: ChartsPast NODs indicate how many foreclosures are yet to come.
Posts Tagged ‘disclosures’
Damage control: restoring public trust in real estate professionals
By Kelli Galippo • Nov 7th, 2011 • Category: Feature Articles, Journal Articles, November 2011 JournalThis article explains why the public negatively ranked the honesty and ethical standards of real estate licensees and what licensees must do to improve their image.
The burden of structural pest control
By Kelli Galippo • Aug 16th, 2011 • Category: August 2011 Journal, Feature Articles, Journal ArticlesThis article highlights the FHA’s shift from requiring automatic SPC reporting and clearance to discretionary compliance by the lender.
The license disclosure myth
By Jeffery Marino • Jul 6th, 2011 • Category: Feature Articles, Journal Articles, July 2011 JournalThis article dispels the myth that a real estate licensee who acts solely as a principal in a real estate sales transaction must disclose the existence of their license in order to comply with California real estate law.
February Forms
By Connor P. Wallmark • Feb 1st, 2010 • Category: February 2010 Journal, Form of the MonthGet your buyer the best financial advantage – Submit multiple loan applications and compare
New steps regarding new licensing requirements for mortgage brokers
By ft Editorial Staff • Jan 26th, 2010 • Category: real estate newsflashEffective January 1, 2010, any Mortgage Loan Broker (MLB) who makes, arranges or services residential or commercial mortgage loan secured by real estate in California must report to the Department of Real Estate (DRE) prior to January 31, 2010. This report must be done online at the DRE’s website (www.dre.ca.gov) using Form RE 866, Mortgage [...]
HUD’s new GFE
By ft Editorial Staff • Jan 25th, 2010 • Category: real estate newsflashAn updated version of the Real Estate Settlement Procedures Act (RESPA) Good Faith Estimate (GFE) and Settlement Statement (HUD-1) was released by the Department of Housing and Urban Development (HUD) for use in 2010. RESPA requires any lender making an FHA-insured loan (or any other consumer purpose loan secured by a one to four unit [...]
Lenders take steps to avoid HUD’s updated GFE
By Bradley Markano • Jan 25th, 2010 • Category: real estate newsflashThe Real Estate Settlement and Procedures Act (RESPA) requires lenders to hand an accurate Good Faith Estimate (GFE) to any potential homebuyer within three days of receiving the homebuyer’s loan application. To prevent the bait-and-switch routine that has become an all-too-common practice, the lender’s GFE received by the homebuyer at the start of a loan [...]
January 2010 Rates
By ft Editorial Staff • Jan 21st, 2010 • Category: Charts, January 2010 Journal91-Day Treasury Bill – Average Auction Rate Week Ending 01/21/10 0.04% Month Ago 12/24/09 0.05% Year Ago 01/22/09 0.14% Determines the minimum interest rate the seller must impute in a delayed §1031 transaction and report when not receiving interest on §1031 monies held by a facilitator/accomodator and sets the amount of the ordinary income the [...]
Safety disclosures: crime and the prospective buyer
By Giang Hoang-Burdette • Dec 4th, 2009 • Category: December 2009 Journal, Feature Articles, Journal ArticlesThis article discusses the routine use of a criminal activity disclosure as part of a selling agent’s duty to disclose and advise when assisting a buyer to locate a suitable property.
