Moral Of This Story: Buy A Whistle The DOJ and Walter Investment Management doing business as Reverse Mortgage Solutions (RMS) agreed to this settlement. The allegations were that the defendant submitted false claims for debenture interest and for the reimbursement of unlawful referral fees stating that they were sales commission. The transaction involved foreclosed properties, […]
Author Archive | Duane Gomer
Make Buying And Selling Home Easier
Many Articles Are Written About How Real Estate Agents Should Treat Clients Be positive, alert, answer phone calls and return electronic messages at once, be available, etc. Jaymi Naciri wrote an article from the other directions. “10 Things To Never Say To A Real Estate Agent.” Buyers And Sellers, You Might Say, “Why Do I […]
New Information For Borrowers and Home Owners
All Owners Borrowing On Their Personal Residence For “Consumer Purposes” Must Receive A Federal Booklet, “Your Home Loan Toolkit” It is an excellent source of information concerning loans. The booklet is available free at www.cfpb.gov. I Want To Discuss The Last Section In The Booklet Title: Owning Your Home, subtitles-Owning a home is exciting; your […]
Two Excellent Articles On Reverse Mortgage Lines Of Credit
Number One Is By Jason Oliva Published In The Reverse Mortgage Daily Some items that he mentioned from a study by the Funding Longevity Task Force are: Using the Line of Credit rather than using a HECM Reverse Loan as a last resort significantly increases the likelihood of a retirement portfolio’s success The line of […]
MLO’s Thinking About Taking Our Live 8 Hour CE Course
First, Let’s Agree That LIVE Is Better Much better than sitting at a computer all day and night and taking an exam. The caliber of any LIVE course is decided in a great part by the caliber of the instructor. Read Some Recent Comments On Our Instructors We had ratings from NMLS of 100% […]
2018 Foreclosure Problem
A Close Amigo Of Mine Called To Discuss A Friend’s Problem She was getting cheated on a Trustee Sale of a home worth more than $1M. The home had a $400K+ loan and a second that was foreclosing for, let’s say, $130K. The lady was getting bad legal advice, no action, and it went to […]
Duane Gomer Student Update:
In The Past I Have Mentioned Interesting Items From Some Of My Students I was reading the L.A. Times years ago, and it said that Pete Sampras had listed his unique Lake Sherwood estate for $25 million. I didn’t even need to read the entire article to know who was the listing agent. It was […]
Test Your Knowledge
In My Different Classes There Are Many Questions That A Majority Of The Students Fail To Answer Correctly I would like to present a few of them here for your enjoyment. The answers follow the questions. In California our loans involve a lender- Beneficiary, a borrower-Trustor, and a Trustee who handles reconveyance or any trustee […]
Words From The Past:
In The Past Years I Presented Many Live Seminars Up to six a week sometimes. It has been a sincere pleasure and especially gratifying when students from the past, past, past have come up and told me that they had used some of my advice over the years. A couple of quotes from them: To […]
Regulations Update: Broker, Sales, Notary Licenses Or Commission
There Is So Much Confusion About Getting A Real Estate Broker Or Salesperson License Or A Notary Commission Hopefully, this will answer any questions you may have now or later. Salesperson License To qualify to sit for the Department of Real Estate Salesperson Exam you must: Complete college-level statutory courses in Real Estate Principles, Real […]