Where did the requirement for a broker to conduct a reasonably competent, diligent, visual inspection of accessible areas of a property come from? Christopher Hanson takes you back 30+ years to reveal the case that brought that obligation into reality…
Gnarly Neighbors, Non-Disclosure, and Litigation
Have you ever had an experience with neighbors who, shall we say, are less than neighborly? What if you want to sell your home for top dollar? Then you’d better not mention those neighbors, right? Watch this story to find out what happened when the seller didn’t disclose those gnarly neighbors.
Want to Get Cited by the DRE? Top Audit Violation #1.
The real estate industry has moved into a new millennium. New things pop up everyday changing the way we do business, such as internet marketing, social media, and cloud based transactions. Yet, certain things have not changed: the most common violations found in DRE Audits. I decided to write a series of articles to call… CONTINUE
Commercial Leases
If you are a Ross store, and you are on one end of a shopping center, and Mervyn’s is down at the other end, can you bail out if Mervyn’s does? After all, you count on the people-traffic Mervyn’s brings into the center. And you even have a “co-tenancy” provision in your lease that says… CONTINUE
A Tree Grows in Brooklyn ( … and Blocks My View, Dammit)
We’re regularly called upon to settle (or try to settle) neighbor disputes about trees, branches and roots. You would think it is s simple issue. Well, read on… Who owns what? Yes, it’s true, a property owner owns the trees on his or her land. (So far, so good.) A tree whose trunk stands entirely… CONTINUE
February E-Zine
The February HLF E-Zine on California real estate and insurance bad faith law. http://e.openmoves.com/accounts/hanson/feb13/hanson-feb13-3.html
REO sales going away?
REO resales accounted for 17% of all California resale activity in 4Q 2012, down from 34% one year ago. In a healthy market, REO resales are around 7% of resales.
Eminent Domain – A New Way to Solve the Foreclosure Problem?
In our recent Newsletter, http://www.hansonlawfirm.com/newsletter/ we talk about a creative way Counties are considering to clean up blighted areas in thier jurisdictions, and get owners in distress the loan modifications they need to keep the homes – thus leep the Counties from blight. Condemn the mortgage! Some in the real estate industry don’t like the idea; others… CONTINUE
Real Estate Broker Goes to Big House — No Good Deed Goes Unpunished!
SAN DIEGO (CN) – A San Diego real estate agent was sentenced Monday to four years in prison for helping a drug dealer buy a $2 million house in the nation’s wealthiest community, federal prosecutors said. Marco Manuel Luis, 32, pleaded guilty to four counts of money laundering, including money derived from illegal activity, the… CONTINUE
Not timley reporting an E&O claim – Big OOPS !
We’ve talked about it many, many, times before. E&O Policies are “claims made and reported” policies. That means you have to report the claim within the policy period, or you lose coverage. Sometimes, you have even stricter deadlines. Like the one RE/Max Mega Group had. It required reporting within 30 days of receipt of a… CONTINUE
Banks Admit Under-Trained Staff in Foreclosure Crisis – SHOCKING!
JPMorgan, vowed to expand training after a review found that the mortgage-servicing unit “struggled to absorb rapid staffing growth and, in many cases, hired representatives with little or no home lending industry experience.” Bank of America, said compliance operations were understaffed as of midyear 2011 and that some people lacked the skills or stature needed… CONTINUE
Brokers Watch Out – Here Comes DRE!
In case you have not noticed the California Department of Real Estate (DRE) is becoming more aggressive in disciplining brokers. There are several reasons for this. The first is that there is much documentation of gross misconduct by licensees in the past ten years. During that time many new licenses came into the business and… CONTINUE
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