Bill Gallagher on Real Estate Investment Fundamentals
Hot Topics
(Source: Will Martin, NCAR Counsel and Member/Manager of Martin & Gifford, PLLC) QUESTION: In the blank for settlement date, can a REALTOR use the following phrase “no later than 30 days after effective date” instead of an actual date. ANSWER: I don’t think putting a number of days following effective date in the blank is [...]
Bill Gallagher discusses topics covered in the 2011-2012 BICAR course.
Get 4 hours of NCREC elective credit and satisfy NAR quadrennial ethics requirement. Knock it out!
Family Legacy Group will be hosting a unique and intimate evening with the acclaimed historical researcher, author and film producer. The event includes a special viewing of his most recent film, The Secret of Oz, with updated commentary from the creator himself, and a question and answer session with the audience. Seating is limited for [...]
The Fannie Mae Short Sale Assistance Desk is open for business and promising to speed up the time it takes to get an answer on a short sale offer. The help desk will address issues such as second liens, mortgage insurance and responsiveness of loan servicers, with the goal to review the case and respond [...]
Source: NAR Realtor.org Washington Report
Mortgage Assistance Relief Services Rule (MARS)
NAR has made an important step in resolving the confusion caused by the Federal Trade Commission’s (FTC) Mortgage Assistance Relief Services Rule (MARS) among real estate professionals who provide assistance to struggling homeowners in negotiating short sales with servicers on the sale of the home. This resolution is effectively immediately.
Fannie Mae Adopts New Energy Improvement Feature for Mortgage Loans Fannie Mae had previously dropped its Energy Efficient Mortgage feature. It has replaced the feature with a new Energy Improvement Feature. The new feature only applies to the upgrading of an existing home through a purchase or re-finance mortgage. The features of the new Fannie [...]
