HAFA Pays Sellers $3,000 to do a Short Sale
By Elizabeth Weintraub, About.com Guide
Jerry Bice II
By Elizabeth Weintraub, About.com Guide
July 11, 2011
AB 278 (Hill) DRE Citation and Fine Authority – Currently, real estate licensees subject to discipline for any violation must go through the Department of Real Estate’s (DRE) administrative hearing process. Notice of discipline, no matter how minor the infraction, is published in the DRE bulletin, widely circulated among real estate agents. AB 278 would allow the DRE to issue a “civil citation†with a maximum fine of $1,000 for minor infractions. Licensees would be permitted to contest the citation through the current hearing process if they wish. The action would not be published in the DRE bulletin, unless there is a contested hearing and judgment, although it could still be discovered in the public record. Continue reading “C.A.R.-Sponsored Bills, 2011”
On Friday of last week the Governor signed C.A.R.-sponsored SB 458 (Corbett) into law! This measure, for any short sale transaction closing escrow after July 15, 2011, will prohibit deficiency judgments from being imposed after a short sale on sellers of one-to-four unit homes. Because the bill was “urgency†legislation, it took effect immediately upon signature.
Continue reading “CAR Blog – Once a Short Sale’s Done, it is Done!”
For release:
July 21, 2011
Short-sale process broken, pushing Central Valley families into foreclosure,
REALTOR® survey shows
Latest lender satisfaction survey highlights glaring issues in short-sale process
FRESNO, CALIF. (July 21) – More than half of Central Valley REALTORS® characterized closing short-sale transactions as “difficult†or “extremely difficult,†according to a Lender Satisfaction Survey conducted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The survey gauges REALTORS®’ experience working with lenders in their most recent transaction. The majority of those surveyed dealt with short-sale transactions – transactions in which the lender or lenders agree to accept less than the mortgage amount owed by the current homeowner. Continue reading “Short sale process broken, REALTOR survey finds”
My property search page has been completely redesigned to make searching properties available for sale just a bit easier. Browse through and take a look! You have the option to register which will allow you to receive updates as new properties hit the market. Also, click on “Schedule Showing” to alert me and we can set something up to take a look. If you’re REALLY interested, click “Place an Offer” and type in your details:
For release:
July 15, 2011
CALIFORNIA ASSOCIATION OF REALTORS® applauds Gov. Brown on signing SB 458 into law
LOS ANGELES (July 15) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds Gov. Jerry Brown on signing SB 458 (Corbett) into law.  SB 458 extends the protections of SB 931 (2010), to ensure that any lender that agrees to a short sale must accept the agreed upon short sale payment as payment in full of the outstanding balance of all loans.