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Blog entries tagged with "law":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
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Here is the new law
North Carolina Foreclosure Prevention Project North Carolina Governor Mike Easley recently signed into law legislation aimed at reducing home foreclosure filings over the next two years. The governor's "Emergency Foreclosure Reduction Program" could keep more than 25,000 working families in their homes and paying their mortgages. The governor's Emergency Foreclosure Reduction … (0 comments)
According the the NAR a company has launched a campaign to lift the coming ban on down payment assistance. The full article and details can be found here: http://www.realtor.org/RMODaily.nsf/pages/News2008081904?OpenDocument.
When buy a real estate to pursue as a business, your making potentially financially-freeing decision. Owning a real estate is an excellent investment. It provides for a steady flow of income, but you should know several things before you buy. First buying a piece of real estate you're entering a world … (0 comments)
HOPE for Homeowners Act of 2008 was pasted with HR 3221 (Foreclosure Prevention Act of 2008) establishing a "temporary" and "voluntary" program within FHA for distressed borrowers. This program is set to begin October 1, 2008. 
Elk River, Minn.--(ICNEWSWIRE)--August 15, 2008. The state and national energy debate in the United States reflects a gross ignorance of new energy technologies, which could save billions of barrels of imported oil annually. This nationwide ignorance is reflected in California laws mandating cool roofs that reflect solar energy. Ironically, proven technologies … (0 comments)
This is my continuing series of promoting many of my business partners. They all have their special strengths, and I feel I would like to help them promote their business. If you ever do business with any of these people or businesses, please feel free to comment here about your experiences!
On Wednesday, President Bush sat at his desk in the Oval Office and signed into law the Housing and Economic Recovery Act of 2008, a massive housing bill that includes provisions to help struggling homeowners as well as mortgage giants Fannie Mae and Freddie Mac.
I receive numerous emails on various topics that I have written with in the past. I try to answer as many as I can personally, but I thought if one person takes the time to write me with a question then I have other readers who have the same or similar … (6 comments)
"...It alleges Hartford, Bridgeport, New Haven and several other municipalities were unfairly given lower ratings on their ability to repay bonds than corporations with comparable projects and financial backing."
Congratulations to Dana Ober-Watts she has been promoted to President of Senderra Commercial Funding, Inc.
I have to apologize to all of you out there who were readers of my blog. Work, life and everything else seemed to expand until writing was the last thing I had time for. Many of you contacted me asking if I was OK. I am OK, just trying to get … (0 comments)
Until recently, as of June 23 2008, real estate agents are now required to ask clients for identification. 
I recently attended a 3 hr. course offered through my real estate board regarding FINTRAC. The new federal law being implemented to deter identity theft, ant terrorism and money laundering that requires us to get proper identification when acting for either the buyer or seller. In addition to this we must also … (0 comments)
I'm moving back to Southern CA area to the Mission Viejo area in Orange County. I am looking for a career opportunity near Mission Viejo in the RE acquisition/investment/transactional field. Career with a RE department of franchise co, developer or investment co., retirement RE investment fund, financial institution, mortgage co, or title co. all work for me. … (0 comments)
Today I was looking on a popular business networking site when I saw the following question posted:
New Laws All Over the Place!
I've just posted an ad on Craigslist designed to attract short term buyer clients who are seeking to buy a home in either July or August.
Ignoring property rights.
New Georgia Law Adds FairnessTo Foreclosure ProcessOn May 13, 2008 Governor Sonny Perdue signed into law Senate Bill 531. The bill increases the notice to a homeowner before a lender can foreclose and introduceselements of fairness to the foreclosure process.The law that has been on the books in Georgia since 1981 … (0 comments)
Here's a helpful warning to bloggers: "Be prepared." It's the Boy Scout motto and it's also good advice for people in all walks of life. It appears that many bloggers, myself included, are a little unprepared for the possibility of close scrutiny of blogging. What if we were told that we had … (46 comments)
I just seen this on the MSN web site..........
As you may have heard, on July 1, 2008, California will be implementing 2 newlaws regarding the use of cell phones while driving. Since you're a valuedGolden State policyholder, we wanted to let you know and explain how the newlaws could affect you:
Can the police, ambulance or firefighters find your home easily from the street? 
Proposition 90: Homeowners Exemption Age 55+. It’s a “property tax incentive to move”. The main qualification of this proposition, however, is that you already own a home…it allows a homeowner 55+ to transfer the assessed value of their home to a new home and pay taxes based on the assessed value … (1 comments)
The Internet features multiple websites for property managers and landlords to create lease agreements. However, due to the legal terminology and legal overtones, as well as the contractual nature of the such an agreement, it is imperative that the property manager understand all of the essential items of a lease. This … (8 comments)
I don't think many people know that there was no fiduciary duty required from your mortgage broker. If I am not working in real estate/mortgage field, I might not pay attention to that neither. Fortunately, WA legislation finally legally required mortgage brokers owe a fiduciary duty to borrowers that is governed … (0 comments)
I mentioned recently that I attended a talk by our State Senator Ron Reagan, and that I found it inspiring and enlightening. I do understand that any politician's job is to get me to like him (not easy for a politician) and Mr Reagan is good at that . And I … (1 comments)
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I did a witness closing recently that baffled my mind. The LO playing dumb (there is no other word for it) and the yelling (NOT by me) are not typical, yet they are things I have seen before.
This is boring but important: HB 2791 (RCW 61.34) is a new Consumer Protection Law for the state of Washington. It is ffective June 12, and its goal is to keep scam artists from stealing the homes of sellers in dire straits, otherwise known as Distressed Home Sellers. The scam is called Equity … (7 comments)
Florida Governor Charlie Crist has signed into law the "Foreclosure Rescue Fraud Prevention Act of 2008", which will go into effect in October of 2008. 
The State of California has a very strict and detailed escrow law that governs escrow companies. This law is strict, detailed, expensive, restrictive, and very well enforced. The Department of Corporations administrates it and they do a thorough job of it as many "DOC" escrow company owners and managers know. They … (0 comments)
Phoenix School of Law
Just compensation is determined by several key factors, which mandates that the owner receive a reasonable return on their investment which can be quite arbitrary given what the market will bear. Eminent domain is the power of the state and federal governments to take private property. While the government may regulate … (0 comments)
I was doing a bit of cost analysis for my prcatice, to determine a rpojection fro the remainder of this year and out to the next three or four. I am a bit different in my projections, because I don't care for five year projections. Placing things out three to four … (4 comments)
In the past few years the political scene has become more contentious. It seems to me that in the past few elections there have been more arguments and accusations that have nothing to do with the actual issues.
Broker IPTV: We are talking today with Marcia Waters Compliance and Investigations Director for the Division of Real Estate for Colorado. Welcome to the show. Thanks for being with us.
Maybe...just maybe if the govenment lifted some regulatory burdens temporarily or delayed the 'global warming act' just temporarily it could create fiscal stimulus far beyond what Bernanke and the Fed can't seem to get done...
The new law went into effect on May 1, 2008. Section 11 of Chapter 206 of the Acts of 2007 now requires that all complaints to foreclose mortgage under the federal Servicemembers Civil Relief Act must be accompanied by an affidavit showing compliance with the Act. If required by Section 11, … (0 comments)
By The Burton Law Firm
Yesterday, I read a very good post by Dan Homan titled "Ethics in Advertising". If you haven't read his post please take a minute to do so. Dan brought up an excellent point about the way our listings are distributed around the Internet. 
When I first started blogging I thought it was no different than what I used to do years ago, which was constantly update my webpage. The whole thing involved ftp uploads and a wee bit of code, but it was fun and it kept the content fresh. 
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I thought it may interest some of you to review what has been going on in the United States Congress regarding Mortgage and Foreclosure law and issues in the last few months. Of these seven mortgage-related Acts listed below, only one appears to have passed. Since Realtors must be licensed, it makes sense to create a national mortgage … (4 comments)
A Pennsylvania notary is a public officer of the state. A notary public is an unbiased witness who ascertains the identity of the document signer. The notary public is authorized to perform seven official acts.
I know some of us are posting real estate listings in our blogs and hopefully doing it in the public section and have clicked on advertising. If you're not doing this, then you are losing out on exposure of your listings. But this is not the reason for this blog.
I have decided to post this blog across all areas of Active Rain due to the seriousness of this issue. There have been many posts on here concerning this issue and it has brought up a great deal of controversial opinions from both sides. (Realtors and Inspectors). The fact that there are so … (13 comments)
OK, it is not realty related, but did anyone go to the Auto Show in Louisville this weekend? What did you think? I spoke to a friend that is a managing broker for his company. He was going as he does every year. He expected that as a free show and sale, … (0 comments)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/02/24/REPRUJ67O.DTL
San Francisco Chronicle - Buyer Sues Agent
Where will it end? Can a buyer's agent really be responsible for the buyer paying more for a house than then house is worth sometime later?
Caveat Emptor
this is the Wiki : Under the doctrine of caveat emptor, the buyer could not … (4 comments)
I have been thinking about publishing a newsletter, monthly or quarterly, that explains in brief the latest legal decisions and opinions in the federal and local courts relating to real estate transactions. Several pertinent suits have come to my attention lately, as the appellate courts hand down their final decisions. 
Delegate Terrie Suit has introduced HB 516, which would mark a substantial change in the way we all do business with property owners' associations, homeowners' associations and condominium associations in Virginia. Specifically, HB 516 does two very important things:
**Click Here to See the Original Post on WealthWithMortgage.com!** 
With so many people losing their homes these days, I wanted to share some information about using to the bankruptcy system to help someone stay in their home instead of doing a short sale or a Foreclosure. 
When I show a house and the lights are all filled with those little curly compact fluorescent light bulbs that are supposed to last longer and consume less electricity, I just hate it. They don't come on instantly and they don't put out enough light and the light is not pleasing.....at … (18 comments)
I put a blog in Active Rain yesterday concerning a really urgent issue. The legal community in Hawaii has done an end run on us that will allow them to take a huge chunk of an agent's commission if their initiative passes. Every Realtor needs to pay immediate attention to this … (0 comments)
Do you remember when a copper penny was worth, well, a penny? That hasn't been the case for a while.
Upon review of some recent legislation regarding extended notice periods before acceleration of amounts owed under the foreclosure statute I noticed that an additional section of the law was passes pertaining to loan originators in Massachusetts. It appears that as of July of 2008 all loan originators conducting business in Massachusetts will need to … (1 comments)
I want to make you aware of the new law that has gone into effect. New legislation now requires you to submit a one-time application to establish eligibility to receive your Maryland Homestead Tax Credit. For more details and to find out how to apply, please visit my online information center at … (0 comments)
Many US citizens believe that the corporate world is totally corrupt and of course they believe this because they have been told by the mass media hysteria on their television sets that all business people are bad? Many people have surrendered their minds to their television sets and therefore they believe … (8 comments)
FNMA & Freddie Mac have both restricted the maximum loan-to-value and combined loan-to-value ratios for properties located within a declining market to five (5) percentage points less than the maximum permitted for the selected mortgage product.
The arrival of the New Year also brought the arrival of a new Illinois Law. The Illinois Radon Awareness Act requires the seller of residential property (1-4 units) to provide the buyer with 2 additional documents. The first is a "Disclosure of information on Radon Hazards" form, and the second is … (5 comments)
Who qualifies for a homestead exemption. Anyone who owns a home on January 1st and uses that residence as their primary home. This entitles the owner to a $15,000 exemption to lower school taxes this year. You can either own a home, condo or mobile home.