Malibu Realtor’s Foreclosure Tale

October 12, 2011  |  No Comments  |  by Gracee Arthur  |  Malibu, Syndicated Partners

Tenants Beware of unethical Landlords

By: Gracee Arthur

Also featured on AOL

Desperate times bring out the worst in some people. As a Malibu Realtor for 20 years I have learned to undertake my own due diligence when representing tenants and writing lease agreements for them, as well as when taking a lease listing agreement. Rule of thumb in any real estate market is to check for Notices of Default (NODs) on a property, these indicate the landlord is not current in his mortgage payments. A preliminary title report is also helpful in determining if  your potential Read More

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The Federal Reserve’s New Mortage Rules

October 8, 2011  |  No Comments  |  by Lori Einhorn  |  Bell Canyon, Calabasas

Mortgage rules change again

By: Lori Einhorn

The Federal Reserve proposed some new mortgage rules today that might not seem particularly radical: it wants lenders to be sure that borrowers can actually afford the loan they’re given. Imagine that! While this might sound like common sense to most of us, this basic concept was pushed aside by many banks and mortgage companies during the housing bubble. As a result, loans were given to borrowers who could not repay, and ultimately defaulted. The Fed intends to force lenders to ensure that borrowers can afford loans in a few ways. Read More

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