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MetroList is excited to announce we will be converting all MetroList subscribers to Adaptive Authentication. This means MetroList subscribers will no longer need an RSA Secure Logon Token to log onto Prospector. The new MetroList Adaptive Authentication system utilizes banking Industry strength security, multi-factor authentication and user convenience. On Monday, February 1, 2010 when you log [...] Fidelity National Financial, Inc. (FNF) and its title insurance underwriters, including Fidelity National Title Insurance Company, have informed C.A.R. they are now offering FIRPTA qualified substitute services. They have informed C.A.R. that, upon request, they will sign the C.A.R. Qualified Substitute form if they are in possession of a completed and executed Transferor’s Affidavit. This [...] Some settlement companies, such as Fidelity National Title Insurance Company, have refused to complete a Qualified Substitute affidavit to assist their buyer-clients in complying with FIRPTA (Foreign Investment in Real Property Tax Act), according to reports from C.A.R. members. Such refusal generally forces a buyer seeking to comply with FIRPTA to obtain a Seller’s Affidavit of [...] The deadline to apply for masters club is quickly approaching! please follow the link and start your application. Like Members have reported that certain investor buyers use a standard form “As-Is Contract for Sale and Purchase” which fraudulently purports to be approved by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). This standard form agreement has been used by Greenhills Financial Investment, LLC, among others. C.A.R.’s Legal Department is vigilantly pursuing this matter, which includes [...] The Federal Housing Administration will raise the minimum down payment for its least credit-worthy borrowers, the agency announced Tuesday. The change is among a number of major changes the FHA is making to ensure its long-term financial soundness. Borrowers with credit-rating scores below 580 will be required to put down at least 10 percent. Those with a [...] To: All REALTORS® Dear Fellow REALTOR®, By now, we all know about the severe devastation caused by the earthquakes in Haiti. NAR is helping answer the calls for help in two key ways. First, we are contributing $550,000 to charities that will help bring [...] FHA 90-day anti-flipping rule waived FHA’s anti-flipping rule generally prohibits insuring a mortgage on a home owned by the seller for less than 90 days. That rule already has been [...] RAF Chair Rob McQuade stars in a video highlighting what the RAF Committee did in the last year to raise awareness on the importance of investing in RAF. You can also check it out at: http://www.youtube.com/watch?v=Go1Po15e66Q Like With a new April 30 deadline in place for clients to take advantage of a federal home-buyer incentive, real estate practitioners now have slightly less than four months to get their qualified prospects under contract before the cut-off date. In order to maximize this opportunity, it is recommended that real estate pros revamp their marketing materials [...] |
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Friday, January 29th, 2010
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