In today’s episode, we discuss complexities and challenges presented by the current homeowners' insurance market in California. With the backdrop of natural hazards and related policy decisions, we explore the myriad reasons contributing to the troubled insurance landscape that real estate professionals and homeowners face. The instability and uncertainty have made navigating insurance a significant challenge in the industry, affecting decisions on property sales, purchases, and mortgage lend...
In this episode, Luke and I explore a crucial question: Can a buyer lose their earnest money deposit? Not only do we provide a comprehensive answer, but we also explore the relationship between earnest money deposits and liquidated damages. We explain how liquidated damages not only means consenting to lose a predetermined amount of money; it also serves as an agreement to cap potential losses. Join us as we unravel these complex real estate contract concepts, to help both buyers and sellers ...
In today's fiercely competitive real estate market, presenting a compelling offer is more crucial than ever, especially for buyers utilizing FHA or VA loans. Our latest podcast episode, "Winning in a Seller's Market: FHA and VA Offers Made Possible," goes into the art of crafting offers that stand out, even when the buyer/borrower wants to utilize a FHA or VA loan, which present issues related to Appraisals. Our team at Fund2000.com Mortgage knows insider strategies for making FHA and VA loan...
In this episode of the podcast, we welcome guest Luke Erickson to discuss the crucial role of reserve studies for Homeowners Associations (HOAs). We explore how reserve studies serve as essential tools for understanding the financial health of an HOA, offering valuable insights for potential buyers evaluating an association's strength or weakness. Our discussion covers the functions of a reserve study, highlighting its importance in aiding HOAs to effectively plan and manage their budgets. Th...
In this episode we discuss groundbreaking lawsuit against the National Association of Realtors and its impact on real estate commissions. Discover how this pivotal legal decision has and will likely redefine commission structures, offering unprecedented savings opportunities for sellers, and altering the landscape for buyers and realtors alike. Tune in to understand the nuances of this market shift and learn how you can capitalize on these changes to significantly reduce the cost of selling y...
Reverse Mortgages and other real estate issues affecting Seniors: people who are 55 and over. We look at the good and bad with reverse mortgages, how to qualify for a reverse mortgage and some issues to look out for as you consider reverse mortgages. We look at the dynamics of living in senior communities, and the pros and cons of Homeowners Associations (HOAs). And lastly, we discuss the transfer of a property tax base in California in order to keep your property tax from your prior ho...
In this episode, Chuck discusses some news about real estate agent sales commissions, and how litigation against Multiple Listing Services (MLS) and their associations might change rules related to those commissions. Anti-trust litigation against MLS's has been heating up recently. The issue currently being litigated is (roughly) if MLS rules should require listing agents (and their sellers) to set the buyer agent commission at the time of listing, instead of negotiating it at the time of sal...
In this episode, I share how our office simplifies and revolutionizes real estate transactions by combining real estate agent and mortgage loan services, and discuss some the complexities that come with handling these transactions separately.Hear about the common pain points clients face in traditional real estate transactions—be it miscommunication, inefficiencies, or just unnecessary stress. We then present an innovative solution—consolidating real estate sale and mortgage loan services, a ...
Do yourself a favor: before you commit to a real estate agent or a lender, shop around! This podcast discusses some of the things you should know, how to negotiate the best rates and commissions, and why big banks and real estate firms are often not the best option.Check out Fund2000.com for our Mortgage Lending team (NMLS 2277963).Sold2000.com for our real estate Sales Team (DRE 02173355).Learn more about host Chuck Hamm here or on LinkedIn, and contact him at chuck@fund2000.com. Video versi...
In order to have the nonjudicial foreclosure option, your security instrument must satisfy some basic requirements, which we discuss in this episode. There are two types of foreclosure: nonjudicial and judicial. Our office only performs nonjudicial foreclosure. Judicial foreclosure is much more expensive because attorneys are required, and litigation which requires appearances before a court of law. This episode also clarifies some of the issues that prevent you from hiring us and firms like ...
Qualifying for a mortgage while high interest rates and home prices are high is no easy task. But rents are high too! In today's episode, we'll discuss how and why you can consider partnering with a friend or family in the purchase of a home.Check out Fund2000.com for our Mortgage Lending team (NMLS 2277963).Sold2000.com for our real estate Sales Team (DRE 02173355).Learn more about host Chuck Hamm here or on LinkedIn, and contact him at chuck@fund2000.com. Video version of podcast on Youtube...
We take a look at homelessness. We discuss how it relates to the real estate business, and talk to Tina, an unsheltered individual in California.Check out Fund2000.com for our Mortgage Lending team (NMLS 2277963).Sold2000.com for our real estate Sales Team (DRE 02173355).Learn more about host Chuck Hamm here or on LinkedIn, and contact him at chuck@fund2000.com. Video version of podcast on Youtube or search for Fund2000 Real Estate Podcast!This content is not legal advice. Contact an attorney...
Dual agency is one of the top issues in real estate brokerage/agent lawsuits. Yet in California dual agency is still legal, and done often. This episode will look at some of the problems around dual agency, and requirements involved for California real estate transactions.Check out Fund2000.com for our Mortgage Lending team (NMLS 2277963).Sold2000.com for our real estate Sales Team (DRE 02173355).Learn more about host Chuck Hamm here or on LinkedIn, and contact him at chuck@fund2000.com. Vide...
Foreclosures are increasing. What options does a borrower have? Like other stressful situations, borrowers that carefully look at their options (and listen to this podcast) can come out ahead. For more information about foreclosure, and your options, Contact our office through Sold2000.com. Let us know you listened to this podcast.Check out Fund2000.com for our Mortgage Lending team (NMLS 2277963).Sold2000.com for our real estate Sales Team (DRE 02173355).Learn more about host Chuck Hamm here...
Days on Market (DOM) is an important metric which we use to measure supply and demand. In this episode, we talk about DOM for housing that has sold over the past 12 months, and how it compares to listings currently for sale.If you're interested in learning more about the market, how long it might take to sell your property, about mortgage loans and interest rates, email chuck@Sold2000.com.Check out Fund2000.com for our Mortgage Lending team (NMLS 2277963).Sold2000.com for our real estate Sale...
Foreclosure starts are already on the rise. Economic woes are upon us, and more likely coming. More foreclosures seem inevitable. California is different than other states on foreclosures. Here are a few important things to know.For more information about foreclosures in California, check out https://TDProcessing.com/And as always, visit our mortgage lending side at https://www.fund2000.com and our real estate sales side at https://sold2000.com.Check out Fund2000.com for our Mortgage Lending ...
There's a lot of talk about strong jobs and wages yet lots of talk of inflation, and other economic problems, rights? With all the conflicting data and news reports out there, what are buyers and sellers of real estate to do or think? Join me for this 10 minute podcast analysis.Link to referenced article:Fortune: Robert Shiller predicted the 2008 housing bubble. Here’s his 2022 call.https://fortune.com/2022/08/09/housing-bubble-2022-call-robert-shiller-housing-market/Check out Fund2000.com fo...
What's happening in the real estate market, and how are interest rates and inflation affecting the market (last 3 minutes)? And an intro to California Mortgage Professionals, Fund2000.com (first 4 minutes).Check out Fund2000.com for our Mortgage Lending team (NMLS 2277963).Sold2000.com for our real estate Sales Team (DRE 02173355).Learn more about host Chuck Hamm here or on LinkedIn, and contact him at chuck@fund2000.com. Video version of podcast on Youtube or search for Fund2000 Real Estate ...
In this episode of our podcast, we delve deep into the role that credit plays in securing favorable mortgage rates and gaining access to valuable down payment assistance programs. Understanding the intricacies of credit can significantly enhance your financial leverage when purchasing a home. We also highlight our exclusive Credit Repair Tool and the advantages of rapid rescoring—a service where we provide targeted, actionable guidance with over 90% certainty to help clients achieve their des...
Protect your personal information! Enhance your privacy! This PSA highlights a helpful resource: OptOutPrescreen.com. When you apply for any mortgage loan, your credit report is accessed, which can activate "trigger leads." These leads are often sold to telemarketers and other lenders, resulting in unsolicited calls and offers. To combat this, we strongly recommend visiting OptOutPrescreen.com—a service that empowers you to opt out of these trigger leads and reduce telemarketing interruptions...