Bankruptcy’s often overlooked tie to homeownership
By Bradley Markano • May 8th, 2011 • Category: ChartsThis report discusses the advantages and disadvantages of bankruptcy for troubled current homeowners and would-be future homeowners.
This report discusses the advantages and disadvantages of bankruptcy for troubled current homeowners and would-be future homeowners.
This article examines the agency case of the decade — Holmes v. Summer — and details the profound effect this case has on real estate broker and agent conduct.
A digest of recent court cases affecting real estate.
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 analyzes the due diligence investigations by a mortgage loan broker (MLB) into a trust deed note available for purchase by his trust deed investor.
A look at the legislation affecting real estate enacted during the 2009-2010 Legislative Session. For an archive of Legislative Watch years, click here.
The federal Home Affordable Modification Program (HAMP) is designed modify troubled homeowners’ mortgages, ideally preventing the foreclosure of four million properties nationally over the next three years. To qualify, homeowners had to prove their current income was insufficient to support their monthly mortgage payments. Previously, if a homeowner seeking a modification was caught substantially understating [...]
The Federal Reserve (the Fed) has taken aggressive steps during 2009 to drive mortgage rates down in order to encourage more people to buy homes and revive the real estate industry. The Fed lowers interest rates by purchasing large quantities of mortgage-backed bonds (MBBs) packaged and sold as investments by Freddie Mac and Fannie Mae [...]
The Obama administration wants to standardize, incentivize and popularize the short sale. In an attempt to make short sales more attractive and less confusing to investors, lenders and distressed homeowners, the administration’s plan calls for “standard process flow, minimum performance time frames and standard documentation,” such as a national Short Sale Agreement and an Offer [...]
This 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.