Several of the Federal Government departments and agencies already have had their budgets approved by Congress. So they won't be affected by the looming potential gov't shutdown. A few areas of the government that may get caught up in a shutdown can have a direct effect on closing a mortgage. The ... » Learn More about How a Partial Gov’t Shutdown Can Affect Real Estate Transactions and Mortgage Originations
Regulations and Laws
Property Tax Relief Due to Disaster
You may be eligible for tax relief if your property is damaged or destroyed by a calamity, such as fire or flooding. To qualify, you must file an Application for Reassessment: Property Damaged or Destroyed by Misfortune or Calamity with the Assessor’s Office within 12 months from the date the ... » Learn More about Property Tax Relief Due to Disaster
Wild Fires and State of Emergency Can Make Funding a Mortgage a Challenge
The direct issues created by wild fires like the destruction of property and dislocation of residents in the region are obvious. There are several other problems that can arise. A few of these other issues can make closing a real estate transaction, or refinance of a property a ... » Learn More about Wild Fires and State of Emergency Can Make Funding a Mortgage a Challenge
Recent Washington DC Legislative Conference
As Government Affairs Co-Chair for the California Association of Mortgage Professionals (CAMP) I was a California Delegate for the National Association of Mortgage Professionals (NAMB) Legislative and Regulatory Conference. This conference is always educational and productive. We interface with ... » Learn More about Recent Washington DC Legislative Conference
