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department of real estate: DRE Where Are You? - 05/11/09 05:32 PM
The loan modification business must be the only booming industry right now. Unfortunately it's out of control. I believe in the concept of banks working with borrowers to help them stay in their home but these hard times have opened the floodgates to many vultures.
These people are generally the same people that helped put many borrowers into option arm loans. Option arm loans were loans that paid up to 3% rebates and to the mortgage broker and it gave borrowers 4 payment options. The options were a 15 year amortized payment, 30 year amortized payment, interest only payment, and a … (0 comments)

department of real estate: Beware Non-Licensees! - 03/16/09 12:49 PM
Just read through my CA Real Estate Magazine and read that penalties for non-licensees is $20k and/or 6 months in a county jail. A corporation is subject to a fine of $60k. I wish they would offer a reward cause I could probably make a living reporting all these people that are required to have a license but for some reason will not get licensed. http://www2.dre.ca.gov/PublicASP/pplinfo.asp
When dealing in real estate matters please make sure that the person you are dealing with is licensed. First of all it is not that hard to get licensed so you have to ask yourself … (0 comments)

 

Mario Villagran, MBA, Realtor

Burbank, CA

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U.S. Spaces

Address: 4354 Perlita Ave, Los Angeles, CA, 90039

Office Phone: (818) 416-7511

Cell Phone: (818) 416-7511

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