All about Short Sales and Foreclosures
Fresh of the Foreclosure Press
This article just came in from the California Association of Realtors….. California to Receive $18 Billion in Mortgage Settlement On February 9, Attorney General Kamala D. Harris announced that California secured up to $18 billion for its distressed homeowners as part of a $25 billion national multistate settlement with the country’s five largest loan servicers. [...]
Sacramento Real Estate Legal Eagle–Ficuciary Duty
While I’m not an attorney (blatant disclaimer!) and I don’t practice law, I think it’s important as a professional practitioner and part-time professor (have you ever seen so many P’s?!) to keep up on current events that might affect my business and my clients. So here’s a recent legal issues in the real estate industry: [...]
Buying or Selling a Sacramento Flipped Property
Recently on my blog talk radio show, Sheri Schmitz and I were discussing some of the nuances of flipped properties. Many buyers with FHA government backed loans do not know that the FHA requires two appraisals on a flipped property to ensure buyers are not getting ripped off. The buyer must absorb this cost and [...]
Why Time of Escrow Counts When Buying a Sacto Home
I’d like to highlight how important it is to pay attention to the terms in your home buying contracts. One in particular many home buyers do not understand, is term 1D in the Residential Purchase Agreement. 1D outlines the close of escrow you are agreeing to. Thirty days is the average turnaround of escrow, however [...]
