Brian Kempler
RMLO needed for land contract sale? 10+ sales this year
Hello, if I plan to sell 10+ houses this year on a land contract, does Dodd Frank apply to me? Does the land contract sale also require an RMLO to "originate" the financing? No lien will be secured against the house b...
Corey Dutton
Regulators to Craft New Mortgage Lending Standards by January
As most people in the mortgage lending industry well know, the Consumer Protection Act under Dodd Frank has made it more difficult for consumers to obtain credit by trying to “protect” them. By placing expensive regul...
Anthony Abernathy
Foreclosed homeowners find help in DuPage courtroom
Foreclosed homeowners find help in DuPage (IL) courtroom: http://realtorillinois.com/foreclosed-homeowners-find-help-in-dupage-courtroom/
Allison Jones
Multiple Credit Pulls
I know that multiple credit pulls impact your credit score. How do you get around that with talking to multiple lenders? I have 2 lenders that I work with regularly but looking at a 5 flex for the first time and may n...
Donna Martinez
CA SB 644 - FULL refunds & AB-537 -Rates & Fees disclosure- July 1, 2024
Short term rentals will be required to refund full price beginning July 1, 2024 (for all bookings made prior to that date). Currently I have written in my contract the following:
A flat fee of $125 is charged for ev...
Corey Dutton
Hard Money Loans No Longer Available to Consumers
The Dodd-Frank and the Consumer Protection Act have made it virtually impossible for a consumer to obtain a hard money or private money loan anymore. In the wake of the financial crisis, many consumers have had hits t...
Jack Deer
Late fees on Commercial lease.
TEXAS.
I saw this on another website: "Commercial leases are basically no holds barred. The consumer protections for residential leases do not extend to commercial leases because the law presumes that the parties are...
Brian Gibbons
CFPB and Credit Repair - Beware!
Below is today's CFPBs Bulletin on Credit Repair Companies (Fraud)I have assisted Tenant Buyers get mortgages with damaged credit and high DTI since 1986.If you are recommending some credit repair companies to tenant ...
Curt Davis
Does Your Broker Require You To Cover Their Legal Expenses
This is for any Brokers or Realtors out there. If your a Realtor, does your broker require you to cover them in the event you are sued by a buyer or seller for whatever reason and your E&O will not cover you or y...
Leo Kingston
RESPA WILL CHANGE AUGUST 1, 2015 WILL YOUR RE BUSINESS BE READY?
Most people who have participated in residential real estate transactions as buyers or sellers remember experiencing last-minute changes at the closing table. Real estate agents, mortgage lenders, title companies a...