On March 18th HUD issued important information pertaining to how mortgage loan originators comply with the Real Estate Settlement Procedures Act (RESPA) with regard to the Federal Reserve Board’s Loan Originator Compensation rule, effective April 1st. This information clarifies RESPA requirements related to proper disclosure...
Here at the Coachella Valley Escrow blog, we post Technology Tips designed to help you, the REALTOR®, grow your business, keep up to date on the latest technologies, and move you forward into the new era of real estate. It's interesting to think that just over a year...
In a commercial property foreclosure, the lender will usually ask the judge to assign a Receiver to take “control” of the property. Receivers are normally nominated by the lender; however, they are considered agents or officers of the court and are a neutral third party....
Several months ago, the California Department of Real Estate issued a publication regarding Short Sale Fraud. Due to the increase in Short Sales in the market today, instances of fraud are continuing to grow. Typically, fraud occurs when there is an intentional failure to disclose...
Effective April 18th 2011, the FHA will raise the annual mortgage insurance premiums by "25 basis points" (or one quarter of a percent of the total value of the loan) for borrowers on primary, 1-4 unit properties. This change will not affect Title 1...
Selling property can be extremely stressful for all parties involved. At Coachella Valley Escrow, we strive to provide helpful information and resources to buyers, sellers, and agents. One such helpful resource we would like to discuss is Real Estate Concierge Services. The Concierge, as a...