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New Consumer Financial Protection Bureau takes over RESPA enforcement

Short sale fraud is everywhere. Real estate professionals must act within the restrictions of RESPA so as to protect their licenses. A new government agency will now oversee enforement of RESPA. For ...
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Home Law Realty

Home Law Realty is pleased to announce the launch of our new blog and RSS feed available here
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Short sale Agents: Avoid getting sued!

The article below describes the seven mosy common reasons short sale agents are getting sued. At my law firm, we see this every day. Brokers Foresee an Increasing Number of Lawsuits Related to Short ...
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Study: Homeowners try to "work" the loan mod system..YA THINK?

Firm commentary: The article below discusses an academic study that verifies common sense: That people will change their behavior and manipulate the system to get a loan modification. This is not ...
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Wells Fargo fined $85 Million for ripping off borrowers...who gets the money?

Firm commentary: The facts stated in the article below should come as no shock. This type of business practice was the norm within the sub-prime mortgage culture. $85 million is a drop in the bucket ...
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FED refuses to release investigation details to U.S. Senate-"It is not acceptable to violate the law, and it is not acceptable to do robo-signings"-Senator Menendez

Firm commentary: The article below reports that Federal Reserve Chairman Ben Bernanke and Acting Comptroller of the Currency John Walsh are refusing to release details of their investigations into ...
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New CA law eliminates second mortgage liability after short sale, but not foreclosure...but read the fine print

Firm commentary: Effective July 15, 2011....Jerry Brown signed a new law that prevents junior lien holders from pursuing deficiency judgments from homeowners if the lender agrees to a short sale. This ...
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