CA Assembly Bills

Entries Tagged as 'CA Assembly Bills'

Important Alerts; Updates for CA Real Estate Pros - New Laws, Regulations, Fee Increase; New Education Survey w/Cash Prize; Foreclosure; New Bills; Mark Sanchez; DRE Hearing

May 4th, 2009 · 1 Comment

Disclaimer: This BLOG is designed to provide accurate and authoritative information in regard to the subject matter covered. It is presented with the understanding that the writer is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should […]

CALIFORNIA LEGISLATION AIMS AT PRACTICE OF REO SELLERS REQUIRING THE USE OF SPECIFIED TITLE AND ESCROW PROVIDERS

April 26th, 2009 · 1 Comment

Like many of their counterparts around the country, many California escrow and title companies are feeling the pinch of a diminished real estate market. They feel it especially because, not only is the pie smaller, but also they are getting a disproportionately smaller piece of the pie. The reason for this is that many banks […]

From The Desk of Duane

April 21st, 2009 · 1 Comment

ABOLISH THE DRE

Assembly Bill 33 (Nava) was approved April 13th in the Assembly Banking Committee. This bill would abolish the Department of Real Estate, the Department of Corporations, the Department of Financial Institutions, and the Office of Real Estate Appraisers. AB 33 proposes to transfer the powers, duties, purposes, jurisdiction and responsibilities of those departments to the […]

FORECLOSURE “RESCUES” MAY BE ILLEGAL

February 2nd, 2009 · 2 Comments

Here’s the situation: A beleaguered home owner is in bankruptcy, overwhelmed by debt. The mortgage lender had begun foreclosure proceedings, but they were stayed by the bankruptcy court. That stay, however, is about to end, and the lender may be allowed to proceed. The owner owes the mortgage lender about $170,000. Another $50,000 (representing 13 […]

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