Legal Matters

Know what your real estate agent knows about Bank of America Short Sales by Aaron Zapata Orange County Realtor

Know what your real estate agent knows about Bank of America Short Sales by Aaron Zapata with Prudential CA Realty  There are no secrets when it comes to short sales, not if you are willing to do a little research and study up on the information that banks make available to real estate agents. Here is a link to some important information made available to real estate agents working on shorts sales with...

Celebrity Real Estate Mistakes People Make

I came across this article from Trulia.com and thought that it was helpful for everyone, even if you're not a celebrity. Summary of Article: Mistake #1: Overspending Mistake #2: Assuming the bank will work with you Mistake #3: Knowing nothing about your finances Mistake #4: Flipping a house, expecting a fast fortune Mistake #5: Not paying your taxes To read the entire article, complete with real...

Does square footage really matter? You say it doesn’t, I say it does… by Aaron Zapata, Orange County CA Realtor

 Does square footage really matter?  You say it doesn’t, I say it does… by Aaron Zapata, Orange County CA Realtor A client of mine moved to another state and this is what happened. What do you think about it? The home he purchased was marketed as having 6,200 square feet.  After they agreed upon a price, the appraiser measured the home and he came up with a square footage of 4,700.  The tax...

New FTC Requirements for Short Sales (California Update) by Aaron Zapata

I received this notice from our California Association of Realtors Legal Department. If you are considering a short sale, please read. Thanks! (I do help homeowners with Short Sales and these rules apply to every agent that does.) My comments on this article are in BLUE. New FTC Requirements for Short Sales REALTORS® who negotiate short sales with lenders and those who promote their services as a way...

Short Sale Changes 2011

Short-sale incentives revamped again By Inman_News Created 2011-01-10 01:00 Loan servicers participating in the Obama administration's short-sale incentive program are being given more freedom to pay off second-lien holders, but will be held to stricter timelines for approving or rejecting short sales and forbidden from deducting vendor expenses from commissions paid to real estate brokers. A new...

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