SellingNorthernNV

Keeping you informed on all things real estate

Equal Opportunity in Housing: Common Sense?

admin | December 30, 2009

In the age we live, you would expect the in the idea of providing equal opportunity in Real Estate to all people regardless of race, color, religion, sex, handicap, familial status, national origin, etc. would be common sense. However, on more then one occasion I have been asked by potential clients to limit the sale of their home only to certain people based on these very same attributes.

I’ve decided to put together the following summary of a few of the various laws that are directed at this very subject as well as the responsibilities that go along with them. The source of this information was obtained via a publication by the National Association of Realtors.

Monitoring your Credit Report

admin | December 17, 2009

You will want to review your actual credit report as it is being reported to all three credit bureaus. It is very common to find errors on your credit report that could be contributing towards a lower credit score. You are entitled to receive a free annual credit report from all three major credit bureaus. Once you have received your free credit report from each credit bureau, you will want to do the following:

Your Credit Rights

admin | December 17, 2009

Here are brief summaries of some of the most important federal laws governing consumer credit. The Fair Credit Reporting Act… The Equal Credit Oprotunity Act… The Fair Credit Billing Act… The Truth in Lending Act… The Fair Credit Debt Collection Act…

Rising Short Sales on the Market, and the Challenges they present

admin | December 3, 2009

It’s no secret that short sale listings have drastically increased in very little time. This increase can be blamed on a number of factors: rising unemployment, decline in home values, resetting ARMs, and the list can go on. What ever the cause, it appears as though Short Sale listings are going to be around for some time to come, and both consumers and agents should be aware of the challenges associated with them.

Fannie Mae Confirms its Short Sale Commissions Policy

admin | December 3, 2009

Fannie Mae has reconfirmed its short sale commission policy with the NAR