Buyers and sellers often find residential real estate statistics confusing. In this blog we will shed some light on these numbers. We’ll take a look at the most widely used statistics and we’ll review each one to better understand them. What are the some of the...
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...
One of the common documents a borrower may encounter in escrow is the “Notice of Right to Cancel.” This document is also referred to as the “rescission document” or the “3-day Notice of Cancellation.” This notice will be found in the loan...
Each petal on the shamrock brings a wish your way - For good health, good luck, and much happiness Today and every day. ~ Author Unknown We are lucky to have such a loyal following on the Coachella Valley Escrow blog. We thank you for your continued readership...
Several new laws affecting the real estate industry became effective this year. In a previous post, we discussed SB 1149: Foreclosure Protection for Tenants, where a landlord is prohibited from harming a tenant’s credit score by revealing unlawful detainer records, unless the landlord prevails in...
