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Blog entries tagged with "real estate 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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Disclosures are extremely important in Real Estate. So as a Selling Agent in a deal where the Listing Agent fails to provide the required Disclosures one is placed in an awkward situtaion, which could have legal repercussions later on.
DID YOU SEE THE IMPORTANT NEW CHANGE FOR INCOME TAX LAW AND CALCULATING CAPITAL GAINS ON THE SALE OF A RESIDENTIAL PROPERTY? THIS IS FOR A HOUSE THAT HAS ALSO BEEN USED PART OF THE TIME AS A RENTAL.
Because of the legality and complexity of contract law, it is my opinion that short sale proponents need to get a grip on reality.
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. 
I know that my expectations about my current Real Estate Law class were, well, ones of a long day and the need to work at staying awake.
Yes, especially in today's real estate market, people should consider getting a legal opinion on any non-standard real estate transaction. This could prove to be good 'insurance' in what for most is their largest purchase. Keep in mind, there are all types of lawyers. So, I would suggest you only seek … (0 comments)
A few weeks ago there was a horrifying article in a Connecticut paper written by a journalist who is a first time homebuyer. Horrifying because he was extolling the virtues of his part time real estate agent who had not required him to "sign anything"
I have a real life situation going on and I would like your thoughts about it....names have been changed to protect the innocent. I am not a part of this, but it does effect some people I know, and they have been in touch with me, asking questions about how title, … (2 comments)
Hello ACTIVE RAIN! I am hoping you can help answer an office question.
Moving to Sonora? Looking to preapare your estate or trust? Wanting legal advise as to a real estate matter?
Florida and the Transaction Broker mess. Speak up. Make a difference!
I have a client that fell victim to an unscrupulous realtor. Basically the client was pursuaded to purchase 3 homes as investments which would be flipped within a couple months. The problem was that it happened to be end of 2006. There are other details involved, but my issue is this; … (3 comments)
Senate panel looking into allegations it inflated fees in bankruptcy filingsMortgage lender Countrywide Financial Corp., which is under investigation for inflating certain borrowers’ fees, acknowledged Tuesday that it has made errors and pledged to take steps to improve its operations.
How my Pre-Paid Legal membership has helped me recently...
..... have our office's phone number on our signs? I am not sure about other states, but here in PA, our office's phone number needs to be on our sign. I always hear that this is our own business and we are responsible, but then why should someone doing floor time at the … (12 comments)
When you are jointly purchasing property, it is really important to ensure that you consider how the title to the property will be held. 
Okay, so pour yourself a strong cup of Java, pull up your iTunes, and enjoy the next installment of the ActiveRain Community Guidelines 'EXPANDED' version!
One of my agents has a listing, the Sellers are getting divorced. They have refinanced every bit of equity out of the home in the past two years so now it's a potential short sale. My agent is making a dilligent effort to sell the property under an "Exclusive Right to … (12 comments)
Today I went to a class that talked about Real Estate Law. I attend various classes every year and love doing so. As a Realtor, I am required to have 30 credit hours in different courses before my licenses needs to be renewed. This time frame is two years. It is … (1 comments)
The second provision prohibits a real estate professional who gives an opinion of value on a property to a mortgage lender from acting as the listing agent on that property for a period of one year. For more information you can visit http://www.leginfo.ca.gov/
Many articles and propaganda today keep telling consumers that the market is slowing down. I recently read this article in the Arizona Daily Star and thought it to be interesting, although I firmly believe in the power of faith and hard work ethic. 
2007 has brought everything out into a new light. Developers are selling unsold developments to other developers at cost or just above. Of course, they still aren't selling the units in some cases. Sellers selling condos to more than one person at a time without recording deeds of sale. Parents that … (2 comments)
As I mentioned in previous blog posts, the Chamber is a great opportunity to meet people that have the same desire to help people. These like minded people provide professional services that allow clients to have a positive experience hiring business professionals. First and foremost is that the client receives the utmost respect as … (0 comments)
I am not as seasoned of an agent as some may be so maybe I am a little naive in thinking the way I do but as Realtors and Real Estate Agents, don't we have a duty to uphold laws and ethics? Why is it I see some skirting around them … (1 comments)
Should domestic couples obtain a deed by joint tenants or tenants in common. A joint tenancy will be valuable to a domestic couple. Why? If the domestic couple has a will, that is fantastic. If the will is challenged, then transferring the property could possible be problematic. If one of the … (2 comments)
Attention: For Sale By Owners! Why People Are Afraid To Buy From You!
This is big in the Lakes Region, straight out of the NHAR Legislative update
Then I woke up, and remembered I am a Realtor! Egad! Well, it's not all that bad. I used to be an attorney. Okay, I was a real estate attorney, so at least I was at the top of the bottom. For those of you who have been staying awake at … (3 comments)
Too few landlords use small claims court to collect rent or damages owed by tenants. Small claims court is a good and perfectly useful way to collect on past due rent, damages to your property caused by renters and generally any money dispute between a landlord and a tenant. Often, an … (2 comments)
Deciding whether to divorce may be the most important decision of your life that you ever make. Two essential factors in a divorce are emotional compatibility and legal issues. For couples with children, the children's welfare and custody may become key factors.Divorcenet.com is the Internet's largest divorce resource, offering state-specific articles, an online … (0 comments)
I got in a discussion the other day with another agent. I wanted to use the words "and assigns" following a persons name. The reason being the individual was in the process of forming a couple business entities and was unsure, without talking with their tax person, whether or not to … (3 comments)
Ask many mortgage brokers and loan officers about Florida's Fair Lending Act and you may get a puzzled look or silence. Ask many mortgage brokers and loan officers what is the maximum pre-payment penalty on a Florida mortgage. Common answer....with a question mark...3 years?. Wrong. Florida has no regulation on the length a pre-payment penalty … (0 comments)
Real estate news, trends, analysis and myth-busters for the real estate industry and consumers alike. … (0 comments)
As a mortgage loan officer I am highly aware of the Real Estate Settlement Procedures Act (RESPA), and I'm familiar with the Truth-in-Lending Act (TILA), but an article I just read opened my eyes to a whole other issue that I was previously unaware. As each one of us know, advertisements … (21 comments)
As of January 1, 2007 Minnesota Law requires installation of carbon monoxide detectors in all newly constructed homes and apartments. Carbon Monoxide detectors must be placed on each level of the residence and within ten feet of each sleeping room in any single or multiple-family dwelling.
REVERSE MORTGAGES: This new law provides protection to consumers who obtain reverse mortgages. This law prohibits certain self-dealing activities by companies providing reverse mortgages, requires certain additional disclosures for reverse mortgages, and also requires a translation of the contract for a reverse mortgage to the language in which primarily negotiated. This … (1 comments)
<!---->Sherman Smith & Associates 1173 Irvine Blvd Tustin, CA 92780-3528Phone: (714) 544-5445 Fax: (714) 505-1562 E-mail: shermansmith@pacbell.net … (2 comments)
As humans, we are predisposed to promoting and protecting our own interests and for the most part, this is considered to be an acceptable approach to living our lives. After all, we are responsible to look after ourselves and if we don't at least consider our own interests we might find … (1 comments)
Recommended books for your information fulfillment, educational enrichment and enjoyment (provided by the Real Estate Annex of the Equerry Book Store).General, Residential, Commercial, Investment, Property Management, Personal Development and more.Fast - Easy - Convenient - Secure.Online ordering. Discounts on most books when ordering through this bookstore. Powered by Equerry.comClick here to … (0 comments)