Chinese Dry Wall
Signs of Possible Chinese Drywall Presence Residence was built after 2004 Mild to strong sulphur or “rotten egg” smell in the residence Rapid corrosion and blackening of metal in air conditioning coils, plumbing piping and fixtures, wiring, and silver items Unexplained respiratory distress of occupants that ceases when they leave the residence What to DoRead More
Do you REALLY know what your real estate agents are doing?
In today’s tough market, agents are doing whatever they can to make money. How much do you really know about their actions? We are seeing a dramatic increase in claims where real estate agents are doing business that is not condoned by the broker. More and more agents are getting involved in activity outside theirRead More
Avoiding Lender Fraud
The recent cooling of the residential real estate market in most areas of the state has created a new opportunity for those inclined to defraud their lenders. We have seen buyers making offers that exceed the listing price and then requesting a credit to be refunded back to the buyers. The credit is usually equal to or slightlyRead More
Short Sale Deficiencies
On January 1, 2011, the California Civil Code Section 580e was enacted. This statute prohibited a First Trust Deed lender from receiving a deficiency judgment against a short sale seller of 1 to 4 residential unit properties. Through the efforts of C.A.R. on July 15th of the same year, the statute was broadened to includeRead More