A Chapter 7 bankruptcy proceeding may not void a junior mortgage lien when the debt owed on a senior mortgage lien exceeds the current value of the collateral if the creditor’s claim is both secured by a lien and allowed under the bankruptcy code. This technique was disallowed by the Supreme Court ... » Learn More about 2nd Lein Stripping in Chapter 7 Bankruptcies Rejected by the Supreme Court
Bill May Give Some Temporary Relief From New TRID Disclosure
It’s well known that the majority of the real estate and finance industries are not fully prepared for the impact of the upcoming Truth in Lending/RESPA Integrated Disclosure (TRID). As a Delegate from California at the National Association of Mortgage Professionals Convention in April, one of ... » Learn More about Bill May Give Some Temporary Relief From New TRID Disclosure
California Housing Construction Not Keeping Up With Population Growth
California housing costs will remain high going into the future. It's a matter of supply and demand. Even though the quantity of new housing construction permits have been going up over the past few years, the quantity is no where close to where it needs to be to house the household growth of ... » Learn More about California Housing Construction Not Keeping Up With Population Growth
How a Credit Score Affects a Mortgage and How to Improve your Score
The old 680 is today's 740... Income is one of the parameters used to qualify for a mortgage, but the rate and loan to value will be determining factors what your interest rate will be. I'll be conducting another workshop this Saturday May 16 for the Economic and Financial Education Council on how ... » Learn More about How a Credit Score Affects a Mortgage and How to Improve your Score
Video That Helps Explain TRID – TILA-RESPA Intigrated Disclosure Rule
August 1, 2015 will be the first day TRID will have it's impact on the entire real estate market. Unfortunately the majority of those in the industry are still naive on what TRID is, and how it will effect real estate transactions. The Dodd-Frank Wall Street Reform and Consumer Protection Act ... » Learn More about Video That Helps Explain TRID – TILA-RESPA Intigrated Disclosure Rule