A U.S. District Court judge for the District of Columbia ruled last week that the CDC’s nationwide eviction moratorium is unlawful, striking down the ban and delivering relief to housing providers who haven’t been able to collect rent from struggling tenants for more than a year. But the struggle for housing providers isn’t over. The U.S. […]
Avoid Liability for ‘Sight Unseen’
by Deanne M. Rymarowicz N.A.R. Associate Counsel Buying a home “sight unseen” was not a phenomenon invented during the COVID-19 pandemic. It’s long been common for investors and military buyers, among others, who sometimes must make purchases without visiting a property. With the shift to virtual tours and showings in the past year, however, more […]
Remote Workers’ Trickier Taxes
As employees prepare to file their 2020 taxes, they may find themselves stuck in a battle among states, with billions of dollars at stake. Because a significant number of Americans worked at home during the pandemic, states may make competing claims to their paychecks. The rules are complex and vary across the country. In some states, […]
Opendoor Officially Going Public
Opendoor, the well-funded iBuying startup, is officially set to go public after merging with Social Capital Hedosophia Holdings Corp. II, a special purpose acquisition company (SPAC), it was announced Sept. 15. The transaction gives Opendoor an enterprise value of $4.8 billion. “We founded Opendoor to make it simple and instant to buy and sell a […]
Supra Features Done Remotely
Supra now offers an expanded suite of new and existing services designed to further support operating in our current climate. Now, eKEY® installations can be done remotely, and real estate organizations can upgrade traditional hardware keys to the eKEY app without agents having to physically come into the office. Agents can now receive their eKEY authorization […]
New COVID Concern: Digital Real Estate Scams
The con is older than the internet–but all the more powerful in a real estate industry locked down by a pandemic and increasingly dependent on cyber-transactions. The digital scam nearly upended a deal just hours before closing. Willow Glen agent Don Sabatini led his client, a savvy, professional woman with grown children, through the months-long […]
Fannie, Freddie Announce Mortgage Deferral
Fannie Mae and Freddie Mac have announced additional relief options for homeowners struggling due to the COVID-19 pandemic. According to announcements from the two companies last week (May 13), homeowners in forbearance can now request payment deferrals as early as July 1. This allows any missed payments to be made up at the end of […]
March 23 CVAR At A Glance
Effective Now at CVAR Citrus Valley Association of REALTORS® will conduct all business remotely until further notice, due to the threat of Coronavirus COVID-19. All meetings and classes will be free and online. READ MORE A message from our CVAR president and the CEO: Click Here Free Online Classes March 23 | Free Webinar on New Coronavirus […]
Refinance Requests Soar With Rate Drop
Record-low mortgage rates are delivering more refinancing demand than some lenders can handle. Homeowners are rushing to refinance their mortgages thanks to big falls in interest rates prompted by fears of the spreading coronavirus. Some lenders are having trouble keeping up with the red-hot demand. Weekly refinancing applications recently hit their highest level in nearly […]
REALTORS® Under COVID
The Latest • LA Rent Assistance & Business Grants – Deadline Aug. 31 • Share Census Info with Clients • Extensions: Eviction Moratorium Extended to Sept. 30 • SB County Business Partnership Deadline Aug. 31; Beat the Heat; Food & Supply Assistance thru Aug. 29. • Riverside County School Waivers ________ Census & Your Community: Why […]