This could very well become an addition to the list of virtues to follow. I am a firm believer that if you stay connected to your contacts they will always have you front of mind. Whether a buyer changes their mind or a seller decides to wait to sell, keep in touch. When a decision […]
Category: Industry
FHA Revised Rules
A bit of good news for the condominium buyers out there; the Federal Housing Finance Administration (FHA) recently revised its condominium certification rules, making it easier to qualify condominiums for FHA financing.
Real Estate Agent Celia Gallardo Pleads Guilty To Ponzi Scheme
If it sounds too good to be true….
Short Sale Fraud “Heating Up”
With short sale’s becoming increasingly dominant in today’s market, short sale fraud has also been on the rise according to experts who spoke at the California Association of Realtors Conference in Anaheim this year.
ACLU Sues Morgan Stanley for Discriminatory Lending
Yet another lawsuit has been filed against the “big banks” in relation to the lending standards and practices employed by the companies leading up to the housing market crash. What seperates this case from others is the fact that this is the first case brought by homeowners (not government) against an investment bank.
Short Sale Help: Time to Sell Before Your Time Expires!!!
2007 Mortgage Debt Relief Forgiveness Act expiring at the end of 2012, is it too late for a short sale?
California Passes Law Barring “Dual-Tracking” Foreclosures
On Monday, California legislators passed a new bill barring banks from going ahead with foreclosures while still negotiating loan modification with homeowners.
Carlsbad Real Estate “Consultant” Gets Five Years
Looks like the Carlsbad based real estate consultant, John J. Borzellino will be downsizing to a new 48 square foot, government funded home: a federal prison cell. Borzellino (aka John J Ross) was sentenced to 5 years in federal pen and ordered to pay more than $4,000,000 in restitution for running a multi-million dollar mortgage […]
California Wants Revenge: Fannie and Freddie Back In Court!!
Could this be the first in a wave of trouble headed for the two government owned leviathans??
Freddie Mac CEO Resigns, What’s Next?
Charles “Ed” Haldeman Jr. Steps Down! Freddie Mac’s Chief Executive Officer, Charles “Ed” Haldeman Jr., will be stepping down from his position by the end of the year. This unforseen, and frankly shocking, turn of events has led to much speculation regarding why he is stepping down. While the specifics aren’t yet known, and Mr. […]