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Pasha, of Top Floor Legal, is a great attorney and I highly recommend him for his consulting, development and legal strategies. He is great with contracts and he knows how to build legal protections that...
Chris F.
Real Estate
False Documentation for Loan Modifications – Are you liable as the broker?
For those brokers still in the loan modification business, this post is long overdue. Loan modifications for primary residences have fairly strict guidelines in documentation to support the government backed loan modification. For the rentals, lender standard are much less restrictive when it comes to documentation. When are you liable for false or inaccurate documentation?…
Renogitiate Your Business Lease
Just like any contract agreement, you can renegotiate. With the current economic climate, more and more tenants are requesting to renegotiate their retail and business leases. This is especially popular for those who entered into their lease agreement at the economy’s peak. Business lease modifications should become easier as the commercial sector becomes the next…
AB 260 Curbs Predatory Lending
What you need to know about AB 260 signed this week by the governor, effective January 1, 2009: AB 260, Lieu. Lending. (1) The Real Estate Law provides for the licensure and regulation of real estate brokers and salespersons by the Real Estate Commissioner. Existing law authorizes the commissioner to suspend or revoke the license…
Collecting Fees Before SB 94 – Agreements Valid?
As you have all likely heard, if you are are a real estate broker, or a licensed corporation, who has been issued a “no objection” letter by the DRE, you may no longer enter into the agreements effective October 11, 2009; however, according to the DRE, agreements entered into and advance fees collected prior to…
Terminating a Commercial Lease as a Tenant
Commercial leases are being broken more and more often since the market turned. Our office has helped these tenants to mitigate their losses and help them terminate their commercial lease with tact. Believe it or not, you do have options, and it is better to negotiate than to get a money judgment that may be…
SB 94 Signed
SB 94 signed into law with a press release from the governor’s office posted. Please keep in mind, as soon as the signing is certified, it is put into effect. This should occur very soon this week. Read: What does SB 94 mean to you?
What does SB 94 mean to you?
This will outline the ramifications of SB 94′s prohibition and restriction of advance fees in relation to loan modifications services, specifically by licensed real estate brokers. This post is not exhaustive of every situation and is only general commentary on the bill. A specific legal consultation applicable to your specific situation should be obtained only…
The Loan Modification Industry in California is About to Change
SB 94 , advance fee legislation, is about to be passed and is likely to be signed by the governor. What does this mean to those providing loan modification services? This legislation is definitely a game changer and will likely push a large segment out of the industry, for the better or worse. Of course,…
Real Estate Commission Dispute? Make sure you meet the necessary elements.
If you are a real estate broker or agent, you may have had to pursue in collecting your commission or a dispute has arose of the procuring cause of the sale. Here are the basic elements to be entitled to your commission: (1) the broker or salesperson must be licensed by the Department of Real…
Forensic Loan Audits – Unauthorized Practice of Law?
Since loan modification companies are slowly going legit or slowly dying off, “new and improved” loan audit companies are sprouting up. Here is the common scenerio. Loan audit company provides a “forensic loan audit” to customer for $1,500.00. We will leave the utility of a forensic loan audit to another post. The company then refers…
