Monthly Archives: October 2012

5-9-2017: Can an HOA and COA Foreclose on your home in Georgia? – YES!. If you default on the assessments, the HOA or COA can foreclose. A common misconception is that the association cannot foreclose if you are current with … Continue reading →

I have no update to this posting yet, nor do I understand if the penalties were stiff enough to change their behavior or provided any restitution to the victims, but I just wanted to repost this in case YOU know… … Continue reading →

Again, the answer is “it all depends”. Bankruptcy can stall the foreclosure process, but only until state laws allow the mortgage holder can proceed again with foreclosure. For example, in Georgia, unless you follow very strict rules and guidelines, it … Continue reading →

Chinese Drywall Cases are being settled in some of the states and perhaps more are to come. Millions of tons of Chinese drywall, or gypsum board, were imported into the U.S. from about 2004 through 2007 when a shortage developed … Continue reading →

According to page 3 of the WSJ – 8-23-2010, losses rose over 15% last year after falling about 60% over the previous 2 years. In 2009, almost $14 Billion in loans originated were fraudulent. Mortgage fraud based on false appraisals … Continue reading →

I wonder how this program is going? 5-17-2014: I think this answers the question…Mel Watt, recently appointed director of the Federal Housing Finance Agency (FHFA), made a commitment to make it more difficult for Fannie Mae and Freddie Mac to … Continue reading →

Do we know how efective this program is? Was it all worth it? The application deadline for the Emergency Homeowners’ Loan Program (EHLP) has expired. While it is no longer possible to apply for foreclosure prevention assistance through EHLP, other … Continue reading →

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) requires licensed mortgage loan originators (MLOs) in each state complete 8 hours/year of approved Nationwide Mortgage Licensing System & Registry (NMLS) continuing education. Is it working to … Continue reading →

Reno Police warns residents of real estate scam…The scam is deceiving residents into sending money to fraudulent companies, by way of spoof accounts. Franklin police warn residents about real estate scam 3-17-2015: Apparently this head of a Colorado realtor association … Continue reading →

The U.S. Supreme Court ruled in May 2012 on a case resulting from Quicken Loan (discount fee) customers that “administrative” and “unearned” fees charged by lenders and other service providers like real estate brokers are fully constitutional, provided that they … Continue reading →