Comments for Atlanta Board of REALTORS® http://abr.podbean.com Educating REALTORS® in the Metro-Atlanta Area Tue, 24 Nov 2009 15:43:03 +0000 http://podbean.com/?v=3.2 Comment on 10 Tips for Communicating with Legislators by Ennis Antoine http://abr.podbean.com/2009/09/28/10-tips-for-communicating-with-legislators/#comment-283164 Fri, 30 Oct 2009 20:22:39 +0000 http://abr.podbean.com/2009/09/28/10-tips-for-communicating-with-legislators/#comment-283164 Great Job Robert !! Great Job Robert !!

]]> Comment on Why You Should Be An S-Corp by Fred Rucker http://abr.podbean.com/2008/01/31/why-you-should-be-an-s-corp/#comment-205785 Sat, 04 Apr 2009 14:33:07 +0000 http://abr.podbean.com/2008/01/31/why-you-should-be-an-s-corp/#comment-205785 Dear Mr. Williams, Thank you for this very important and most informative podcast. I would like to discuss this concept further with you. Best Regards, Fred Fred Rucker,GRI,BBA REMAX Greater Atlanta Fred@FredRucker.com 770-403-6450 Dear Mr. Williams,

Thank you for this very important and most informative podcast. I would like to discuss this concept further with you.

Best Regards,

Fred

Fred Rucker,GRI,BBA REMAX Greater Atlanta Fred@FredRucker.com 770-403-6450

]]> Comment on Procuring Cause by Joe Edge http://abr.podbean.com/2007/09/25/procuring-cause/#comment-164462 Mon, 15 Dec 2008 18:04:32 +0000 http://abr.podbean.com/2007/09/25/procuring-cause/#comment-164462 Do you have any info on protecting yourself for procurring casue issues. License law or cases I can show someone. Do you have any info on protecting yourself for procurring casue issues. License law or cases I can show someone.

]]> Comment on Mortgage Fraud by Jeff Owen http://abr.podbean.com/2007/09/21/mortgage-fraud/#comment-154262 Tue, 11 Nov 2008 02:34:32 +0000 http://abr.podbean.com/2007/09/21/mortgage-fraud/#comment-154262 PS - He bought the house as an owner occupied property, even says this on his security deed. PS - He bought the house as an owner occupied property, even says this on his security deed.

]]> Comment on Mortgage Fraud by Jeff Owen http://abr.podbean.com/2007/09/21/mortgage-fraud/#comment-154261 Tue, 11 Nov 2008 02:33:32 +0000 http://abr.podbean.com/2007/09/21/mortgage-fraud/#comment-154261 Recently I reported a man that committed loan fraud. He used an FHA loan with down payment assistance (Ameri-Dream I believe), the house was rented when he bought it from his girl friend and to this day, 9 months later, it is still rented. I reported this to FHA, HUD, Georgia Department of Bank and Finance, The FBI and Wells Fargo. NOTHING was done I was told this was only a $98,000.00 Loan and not worth the time. How funny is that. Jeff Owen Recently I reported a man that committed loan fraud. He used an FHA loan with down payment assistance (Ameri-Dream I believe), the house was rented when he bought it from his girl friend and to this day, 9 months later, it is still rented. I reported this to FHA, HUD, Georgia Department of Bank and Finance, The FBI and Wells Fargo. NOTHING was done I was told this was only a $98,000.00 Loan and not worth the time. How funny is that.

Jeff Owen

]]> Comment on Congress Passes Housing Stimulus Bill by Susan Steinhoff http://abr.podbean.com/2008/08/07/congress-passes-housing-stimulus-bill/#comment-124929 Fri, 08 Aug 2008 15:48:55 +0000 http://abr.podbean.com/2008/08/07/congress-passes-housing-stimulus-bill/#comment-124929 Good overall summary & very helpful. I have clients who have mentioned the homebuyers credit but not fully aware of recapture stipulation. Thanks! Good overall summary & very helpful. I have clients who have mentioned the homebuyers credit but not fully aware of recapture stipulation.

Thanks!

]]> Comment on Rebates to Buyers or Sellers by Barbara Ann Scott http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-122263 Mon, 28 Jul 2008 19:54:48 +0000 http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-122263 Hello! I have some questions about the "cash back" incentives; also, what can you legally say if you want to help the buyer pay down their mortgage, etc. It would be on the same lines as CENTEX that works with ERA, C21, Navy Federal Credit Union, etc. How and where could you stipulate that and be within the realms of the License Law & Rules and Regulations. Next question...how to legally help a seller sell their home; but not represent them. Any place I can find more information on this? I would charge a flat fee and let the Seller take their own pictures and give me a write up to put on the GAMLS; I would provide them with a lockbox, sign (what could be put on the sign?), 2 local websites that are high ranking on Yahoo! & Google, and access to print their own fliers. Any comments, suggestions, experiences, training, etc; would be greatly appreciated. Please let me know ASAP; I appreciate your time and efforts in this matter. Thanks for your feedback. Hello!

I have some questions about the “cash back” incentives; also, what can you legally say if you want to help the buyer pay down their mortgage, etc. It would be on the same lines as CENTEX that works with ERA, C21, Navy Federal Credit Union, etc. How and where could you stipulate that and be within the realms of the License Law & Rules and Regulations.

Next question…how to legally help a seller sell their home; but not represent them. Any place I can find more information on this? I would charge a flat fee and let the Seller take their own pictures and give me a write up to put on the GAMLS; I would provide them with a lockbox, sign (what could be put on the sign?), 2 local websites that are high ranking on Yahoo! & Google, and access to print their own fliers.

Any comments, suggestions, experiences, training, etc; would be greatly appreciated. Please let me know ASAP; I appreciate your time and efforts in this matter.

Thanks for your feedback.

]]> Comment on Rebates to Buyers or Sellers by realtypro1998@hotmail.com http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-67851 Thu, 27 Dec 2007 20:31:49 +0000 http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-67851 Fannie Mae guidelines state that there is to be no cash back to the buyer. Yet, the DOJ says “rebates are typically cash payments from the broker to his/her client after closing”. What’s going on here? Fannie Mae guidelines state that there is to be no cash back to the buyer. Yet, the DOJ says “rebates are typically cash payments from the broker to his/her client after closing”.

What’s going on here?

]]> Comment on Rebates to Buyers or Sellers by realtypro1998@hotmail.com http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-66306 Tue, 18 Dec 2007 23:52:18 +0000 http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-66306 the DOJ say rebates are typically cash payments after closing. Ponder this: if lender approval is required, then there is absolutely no way that cash payments after closing would be “typical”. Lenders object to this tooth & nail. Maybe rebates are looked upon by the DOJ in a different manner???? the DOJ say rebates are typically cash payments after closing.

Ponder this: if lender approval is required, then there is absolutely no way that cash payments after closing would be “typical”. Lenders object to this tooth & nail.

Maybe rebates are looked upon by the DOJ in a different manner????

]]> Comment on Rebates to Buyers or Sellers by realtypro1998@hotmail.com http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-60077 Tue, 13 Nov 2007 21:09:12 +0000 http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-60077 What is the law? There are 10 opinions and no straight answers. Aren’t seller concessions considered “sourced funds” for the closing? Does a post-settlement rebate fall in the same category? From the Maryland RE Commission: http://www.gcaar.com/legalcorner/docs/rebates_closing_costs.pdf That is a pretty clear and concise interpretation for their State. Lastly, in all of the DOJ's writings on this issue, they never mention the lender. Why? There needs to be clear protocol for buyers, agents and lenders alike. Thanks For Your Feedback! What is the law? There are 10 opinions and no straight answers. Aren’t seller concessions considered “sourced funds” for the closing? Does a post-settlement rebate fall in the same category?

From the Maryland RE Commission: http://www.gcaar.com/legalcorner/docs/rebates_closing_costs.pdf

That is a pretty clear and concise interpretation for their State.

Lastly, in all of the DOJ’s writings on this issue, they never mention the lender. Why?

There needs to be clear protocol for buyers, agents and lenders alike.

Thanks For Your Feedback!

]]> Comment on Rebates to Buyers or Sellers by Greg Dunn http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-60032 Tue, 13 Nov 2007 14:39:15 +0000 http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-60032 Remember all loans have, by law, a maximum that the seller can contribute. This gift of commission can be an attempt to avoid this law. The seller gives money to the agent (commission) who then gives money to the buyer. This makes the lender concerned about the agents gift to the buyer. If there is no attempt to circumvent the law it is not a problem. Remember all loans have, by law, a maximum that the seller can contribute. This gift of commission can be an attempt to avoid this law. The seller gives money to the agent (commission) who then gives money to the buyer. This makes the lender concerned about the agents gift to the buyer. If there is no attempt to circumvent the law it is not a problem.

]]> Comment on Rebates to Buyers or Sellers by realtypro1998@hotmail.com http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-59407 Fri, 09 Nov 2007 23:51:23 +0000 http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-59407 Do refunds and incentives pose any risk to consumers? Some have argued that refunds and incentives can tempt consumers into closing on real estate transactions against their best interests. The Antitrust Division has found no evidence that refunds and incentives harm consumers. On the contrary, they can dramatically lower the price that consumers pay for brokerage services. http://www.usdoj.gov/atr/public/real_estate/rebates.htm Since DOJ says that rebates aren’t inducements that would harm the lender's position (inducing a buyer), can a lender legally object to a broker rebate to the buyer? To do so might be construed as “tortuous interference”. Just my thoughts... Do refunds and incentives pose any risk to consumers?

Some have argued that refunds and incentives can tempt consumers into closing on real estate transactions against their best interests. The Antitrust Division has found no evidence that refunds and incentives harm consumers. On the contrary, they can dramatically lower the price that consumers pay for brokerage services.

http://www.usdoj.gov/atr/public/real_estate/rebates.htm

Since DOJ says that rebates aren’t inducements that would harm the lender’s position (inducing a buyer), can a lender legally object to a broker rebate to the buyer? To do so might be construed as “tortuous interference”. Just my thoughts…

]]> Comment on Rebates to Buyers or Sellers by realtypro1998@hotmail.com http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-59298 Fri, 09 Nov 2007 14:14:34 +0000 http://abr.podbean.com/2007/09/21/rebates-to-buyers-or-sellers/#comment-59298 "Rebates are typically cash payments from the real estate broker to his or her client after closing." http://www.usdoj.gov/atr/public/real_estate/rebates.htm It's very confusioning. Lenders don't want that. Who's right? USDOJ? or Lenders? “Rebates are typically cash payments from the real estate broker to his or her client after closing.”

http://www.usdoj.gov/atr/public/real_estate/rebates.htm

It’s very confusioning. Lenders don’t want that. Who’s right? USDOJ? or Lenders?

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