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.
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 [...]
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.
This article describes the “sticky price” phenomenon afflicting sellers of real estate, and how it will affect the housing market during the recovery period following this Great Recession.
On November 5, 2009, Fannie Mae launched what they characterize as a Deed-For-Lease in lieu of foreclosure program. The program allows a financially-distressed homeowner who does not qualify for a loan modification to stay in his home as a tenant by exchanging title to his property for a one-year lease agreement. The program does not [...]
This article reports on the effect of sticky prices on real estate prices. Now that the housing price bubble has burst, we need to know more than ever about the economic factors that cause real estate prices to decline quickly or slowly. Also important is whether those factors affecting price can help us predict the [...]
This article analyzes the existing and new rules for excluding profits from taxation on the sale of a residential property presently or previously used as the owner’s principal residence.
This article explains the services a broker can provide to clients with negative equities in their properties. Here are some tips for listing agents and brokers looking to market their services to owners with negative equities who either want to sell their property or get a cramdown of the loan balance and keep the property. [...]
This article discusses the requirements, delivery of, and repercussions of the Structural Pest Control report.
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