In January the Consumer Financial Protection Bureau (CFPB) issued a new set of regulations relating to appraisals. While the new regulation isn’t too different from the old, it does place every appraiser square in the bulls’ eye of lawsuits. If you’re not aware of this, hang on, this is going to hurt a bit.…
Read moreMonth: November 2017
Customary and Reasonable Fee Problem
Appraisers and lending institutions – Maybe the best way to explain the “Customary and Reasonable” appraisal fee problem is to provide excerpts from one of many class action lawsuits that have been filed against the lenders.
Understand, the text I’ve listed below is not my opinion but is part of the claims by plaintiffs …
Read moreHow Can That Be Illegal? We’ve Always Done It That Way
“I’m not some scammer trying to rip off little ol’ ladies, I’m a nice person trying to help people. Nope, not me – must be the other guy you’re talking about.”
That’s what I hear every single day, talking to real estate real estate professionals while trying to help them understand real estate and …
Read moreSettlement Clarification
The settlement announced on February 9, 2012 has costs far greater than $25 Billion.
In 2007 a coalition of 35 attorneys general and state banking examiners launched a cooperative effort, called the State Foreclosure Prevention Working Group. For years, I’ve been communicating with the staff of several State Attorneys’ General. We’ve profiled what was …
Read morePrinciples of Real Estate Investment
NSC RES210 Residential Property Investment Book
This is the book that Richard uses for teaching his investment class at the local College. This 3 ring binder contains copies of the Power Point slides Richard uses in addition to numerous informational articles. The class is a fully accredited 33 hour class that many take when …
Read more