Many, many, many new bills were signed into law by our Governor this month. Following is a quick list. If you would like more information on any bill, go to www.leginfo.ca.gov.
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SB 94 – Effective Oct. 11, 2009: No more Advance Fees on Loan Modifications.
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AB 957 – Effective Oct. 11, 2009: REO Buyers can select escrow & title.
Entries Tagged as 'Appraisals'
New California Laws Effecting Real Estate Professionals
October 23rd, 2009 · 1 Comment
Tags: Mortgage Loan Originators · Reverse Mortgages · New Laws in 2009 · New Laws In 2010 · Appraisals · Duane Gomer · State Legislation · Mortgage Lending · Loan Modifications · REO's
REALTOR® SUED FOR MISRPRESENTATION WHEN ASSESSOR’S RECORDS ARE INCORRECT
September 21st, 2009 · 3 Comments
There’s really nothing for real estate agents and brokers to like about a recent case brought to our attention by the legal department of the National Association of Realtors® (NAR). Bowman v. Presley arose out of a 2005 transaction that took place in the state of Oklahoma. The ruling came down from the Oklahoma Supreme […]
Tags: Misrepresentation · National Association of Realtors · Appraisal Reports · Appraisals · Buying A Home · NAR · Purchase Agreements · Disclosure · Bob Hunt · The Market
NEW APPRAISAL RULES ARE CAUSING PROBLEMS
July 5th, 2009 · No Comments
Like politics, all real estate is local. This is drummed into us time and time again. You hardly ever see a report about state or national real estate trends without the cautionary caveat that “local markets are all different.” So how, then, does it make any sense for real estate appraisals to be conducted by […]
Tags: Appraisals · Home Valuation Code of Conduct · HVCC · Appraisal Management Company · Appraisal Reports · FNMA · Bob Hunt · Fannie Mae · Freddie Mac · The Market