February 2009: Trust fund requirements
Featuring DRE regulations of current import.
Read MoreAuthor: Bradley Markano
First time homebuyers eligible for federal loan for downpayment
First time purchasers of a principal residence are eligible for an interest free loan from the IRS of up to $7,500. Selling agents need to advise their buyers that this IRS loan is a refund of taxes the buyer has already paid,...
Read MoreThe mortgage market’s eventual upturn: just guesses
Almost 51% of real estate professionals recently surveyed anticipate the current crisis in the mortgage loan market to continue until 2011, according to a survey of real estate professionals. On the same survey, 17% said a...
Read MoreLeaseholds held by bankrupt Circuit City are up for sale
Attention, commercial leasing agents! 578 Circuit City leases are on the market by the now bankrupt electronics retailer. The leases are up for sale by assignment to a user of the properties through the Los Angeles based DJM...
Read MoreMortgage modifications are ineffective without a cramdown
Homeowners whose purchase-assist loans are modified to avert foreclosure are defaulting within six months, unless the principal amount is reduced to the value of the property. Lenders, however, resist any notion of a reduction...
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