Archive for 'Legal'

Agent’s Pants Catch Fire After Lying on Listing

Now that the real estate slump has been declared over and real estate markets begin to heat up, it’s a good time to refresh ourselves with “agent speak”. Are some listing agents lying, stretching or just dumb? If even a fraction of listings existed as represented, buyer nirvana would be found. Puffery and exaggeration are [...]Read More →

Atlanta Landlord Arrested For Reported Meth in His Rental

An Atlanta landlord that discovered 8 bags of meth in his rental home has been arrested – the LANDLORD. This after TENANTS were arrested after meth was found in their car. He provided ICE with information and has been cleared by them – but not the county police. So do we need a genius to [...]Read More →

DRE Compliance and disclosing the real estate license number on advertising regulation 2773

Hello again everyone, Attorney Steve Vondran here.  We are talking about California Real Estate Broker Legal Compliance.  One regulation I am seeing violated quite a bit, both online and offline is California Commissioner Regulation 2773.  Let’s get the law on the table here: California Commissioner’s Regulation 2773 2773. Disclosure of License Identification Number on Solicitation [...]Read More →

Top 10 Mistakes Home Sellers Make

1. Accepting the buyer with the highest offer without regard to the other contractual terms. 2. Not properly handling multiple offer situations with multiple buyers. 3. Not properly handling back-up offers. 4. Entering into an agreement with no earnest money deposit from the buyer, or a very small amount. 5. Entering into an agreement before [...]Read More →

Commonly Overlooked Lease Issues: Third Party Rights

This series is devoted to highlighting those often neglected lease provisions and prevailing on our landlord readers to give them a second look when crafting their contracts. Last month, we looked at the benefits of affirmatively addressing the, dare I say, not uncommon occurrence of a landlord default on their lease obligations and potential tenant remedies in such circumstances. Today we look at third party rights.

Third Party Rights: The Lender

Most commonly, when we talk about third party rights under ...

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Assessors & Appraisers Investigated for Incompetence in Atlanta

Appraisal issues have been at the center of the real estate boom and bust. In the current environment, appraisal issues continue to be front and center when contracts go bad. Much of problem can be attributed to the “help” provided by Washington but just as much blame belongs on the industry itself; incompetent, lazy and [...]Read More →

Man Blows Up Home as Marshals Serve Foreclosure Notice – Body Found

The “Chicken Man” in Roswell, GA blew up his home Monday as Marshals attempted to serve him notice of foreclosure. After the fire was extinguished, fireman found his body. There was a news crew on site and moments before initiating the explosion he called the reporter to tell the Marshals to leave the property because [...]Read More →

Half of Owners Would Strategically Default

Nearly half of home owners recently polled in an online survey said they would walk away from their mortgage if home prices continued to fall. The poll included 1,000 visitors to HousingPredictor, a real estate Web site. While the poll is unscientific, some housing experts have questioned whether home owners are starting to grow more [...]Read More →

Florida Contemplates Speeding Up Slow Foreclosure Process

Florida has consistently had one of the highest foreclosure rates among the states since the foreclosure crisis began in 2007. It has also had one of the longest foreclosure process timelines in the country, typically only behind New York and New Jersey – all because Florida and its aforementioned peers solely use a judicial foreclosure [...]Read More →

Commonly Overlooked Lease Issues (Part 1)

They say the pen is mightier than the sword. And in this context, that pen has been put to paper to draft an impenetrable lease agreement… or so we hope. In an effort to embrace brevity, or perhaps to make their lease agreement more user friendly to the tenant, landlords often omit useful lease provisions. This series will be devoted to highlighting those often neglected provisions and prevailing upon our landlord readers to give them a second ...

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