Advance Fees are Trust Funds
The proper handling of broker fees deposited with the broker before they are earned
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Tag: advance fee
Licensing for listing negative equity properties for short sale
A licensing clarification: no special real estate license designation or endorsement is required for real estate licensees to list a negative equity property for sale or arrange a loan payoff discount on a short sale. Any...
Read MoreFARM: Loan modification scammers prey on underwater homeowners
Most California homeowners who bought or refinanced after 2001, the super-heated years of the Millennium Boom, are underwater with negative equities. Their family balance sheets are in the red, insolvent. Since then prices have...
Read MoreLoan modification scammers prey on underwater homeowners
Most homeowners who bought or refinanced after 2001 during the superheated years of the Millennium Boom are in precarious financial straits – their homes being underwater with negative equities and their family balance sheets...
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