short sale: The advantages of a short sale Real estate: A short sale is better than a foreclosure in many ways—for everyone involved - 03/05/12 02:14 AM
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short sale: Property Disclosure Problems in Short Sales - 02/27/12 02:24 AM
I wanted to write a blog pertaining to Seller Disclosure Duties and AS-IS Clauses used in Short Sales.  As we all know, property disclosures pertaining to the condition of the property lead to a significant source of legal disputes and claims between Buyers, Sellers, and involved Brokers.  Unfortunately, disclosure problems seem to increase when the transaction involves an underwater Seller or upside down property.  Often times, the Sellers feel removed from the transaction since they are not receiving proceeds beyond potential HAFA relocation assistance.  Another reason is that often times the sale takes so long, that the initial disclosures become outdated, … (0 comments)

short sale: Prompt Notification of Short Sale Act - 02/23/12 02:45 AM
 
Prompt Notification of Short Sale Act
To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced to legislation to speed up the short sale process.
Senators Lisa Murkowski (R-Arkansas), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed the bill addressing the issue of short sales timelines on February 17.   (A short sale is a real estate transaction where the homeowner sells the property for less than the unpaid balance with the lender’s approval.)
“There are neighborhoods across the country full of empty homes and underwater owners that have legitimate offers, but … (0 comments)

short sale: Be Cautious When Hiring Short Sale Negotiators and Delegating Potential Agency Duties to Others - 11/23/11 06:51 AM
 
Be Cautious When Hiring Short Sale Negotiators and Delegating Potential Agency Duties to Others
Dear Agents:
I have heard and spoken to many agents who have understandably complained about this hectic real estate marketplace, and the increased workload and responsibilities to close the same or less amount of deals for less money. 
We all know the arduous process of completing a short sale transaction and many agents take the route of hiring 3rd Party Negotiators to process and negotiate their short sales.  From a business model perspective, this can make complete sense for many individuals who want more time … (17 comments)

short sale: Don’t Make The Mistake Of Practicing Outside The Scope Of Your Agency Relationship And Expertise - 11/03/11 10:50 AM
Don’t Make The Mistake Of Practicing Outside The Scope Of Your Agency Relationship And Expertise
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It is hard enough to be a great real estate agent in today’s volatile California real estate climate, but to top it off, so many clients expect their agents to practice outside the scope or capacity of their relationship.  I agree that knowledge is power, but you should not take on the role of attorney, CPA, Contractor, Engineer, Surveyor, or any other licensed professional that is beyond the scope of your agency relationship.
As an Attorney, Licensed Broker, … (0 comments)

short sale: Tenants and Short Sales: Should the Tenants be Notified? - 11/03/11 06:43 AM
TENANTS AND SHORT SALES: SHOULD THE TENANTS BE NOTIFIED?
 

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I wanted to send out a blog regarding Tenants and Short Sales.  I have had several agents, landlords, and/or clients that have asked me about whether or not they should notify their tenant(s) when they are or about to become delinquent on their mortgage.  Also, whether or not they should shed light on the fact that they may be pursuing a short sale transaction.  Landlords, Tenants, Agents, and Clients have also asked me whether it is illegal to collect rents while owner/landlord … (5 comments)

 
David Rendall (Group One Legal, PC / RE/MAX of Santa Clarita)

David Rendall

Santa Clarita, CA

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Group One Legal, PC / RE/MAX of Santa Clarita

Address: 27720 Dickason Drive, Santa Clarita, CA 91355, Santa Clarita , CA, 91350

Office: (661) 674-8144

Fax: (661) 513-1051



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