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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
Tags: Duane Gomer · CA Assembly Bills · Legislation · Real Estate Licensure · Foreclosures · DRE Regulations
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 […]
Tags: RESPA · CA Assembly Bills · California Legislation · Bob Hunt · State Legislation · Title and Escrow · REO's
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 […]
Tags: California Department of Real Estate · Duane Gomer · CA Assembly Bills · Loan Modifications · FNMA · IRS Taxation · State Legislation · Fannie Mae · DRE Regulations
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 […]
Tags: CA Assembly Bills · California Legislation · Distressed Homeowners · Bob Hunt · Foreclosures