SAR Smart Lunch

A quick recap from Attorney Cynthia Riddell’s presentation at the Sarasota Association of Realtors Smart Lunch Seminar on Wednesday this week. To download the above presentation materials simply click on the links below Doc 1: CFPB Comparison Chart of Ability To Repay Requirements with Qualified Mortgages Doc 2: CFPB Sample Loan Estament Doc 3: CFPB…

RLG Bulletin Attorney Update – 2014 HUD changes

On November 20, 2013 our world as Real Estate professionals, Title Agents and Mortgage Brokers understood it completely changed…. The Consumer Finance Protection Bureau or (CFPB) published over 1,000 pages which constitute the final rule relative to certain disclosures consumers closing on a loan and consumers applying for loans shall receive.  The Dodd-Frank Wall Street…

The Next Foreclosure Front

Foreclosures are just one front to this economic war that the country is currently fighting. This first began in late 2006 and early 2007 following the resetting of many sub-prime adjustable mortgages.  These mortgages provided a vehicle for many real estate speculators to hold property for a short term paying a low monthly payment until…

HAMP is not working…

Should congress reconsider legislation that would allow bankruptcy judges to cramdown first position purchase money mortgages on a Chapter 13 debtor’s primary residence? Months ago, I addressed the initiative known as the Durbin Amendment proposed in the last legislative session which was ultimately defeated. This initiative proposed an amendment to the bankruptcy code which would…