Law And Real Estate

TALLAHASSEE, Fla. – June 3, 2010 – Florida Gov. Charlie Crist signed into law Tuesday a sweeping condominium reform bill that's expected to help associations devastated by financial problems.

RISMEDIA, June 2, 2010--There has been some debate and confusion across the industry over the new RESPA rules from HUD that took effect Jan. 1 for lenders. While the key players iron out the wrinkles, you can focus on supporting the intent of the guidelines by bringing more clarity and transparency to your clients’ closings.

McLEAN, Va. – Jan. 19, 2010 – Buying a home should be a joyful experience, but all too often, the mortgage settlement process leaves consumers confused, angry and paying more than they anticipated.

The reason? Closing costs and fees that are significantly higher than the lender’s original estimates.

RESPA - the Real Estate Settlement Procedures Act of 1974.  On January 1st, the Department of Housing and Urban Development made an important change to RESPA: ALL mortgage lenders must provide consumers with the same information in the same format.

CD-2 Condominium Disclosure Statement.  This form was modified to add a subsection in paragraph 5 of the form addressing Chinese/defective drywall disclosure issues. 

ERL-8 Exclusive Right to Lease Agreement.  This form was modified to add a check box in paragraph 6 regarding compensation as a percentage of the first month’s rent.  

March 30, 2009 – You’ll find four new business forms today in Forms
Basic (and TransactionDesk), as well as an updated version of the form
used to extend a listing or to terminate a listing before its
expiration date.

New forms:

Escrow Deposit Receipt Verification (EDRV-1)

TALLAHASSEE, Fla. – March 3, 2009 – The Florida Department of Business
and Professional Regulation’s (DBPR) Division of Regulation last week
rolled out a statewide unlicensed activity enforcement operation aimed
at protecting the public from the dangers caused by unlicensed
individuals. Working in 10 regions throughout the state, staff
investigators checked over 500 licenses during the operation, which
resulted in 86 citations, 41 arrests, 16 cease and desists orders and
15 notices of non-compliance.