Watch out! Here comes a headache, exposure to liability and impossible commissions. Ever work with divorcing spouses before? Then you know. Good luck getting them to agree on anything from sales price to showing dates while selling their homes or commercial properties? What happens when they start asking you to write letters about how their spouse is not cooperating on the deal? Ever get a call from their lawyers? How about when you get subpoenaed to appear and testify in their Contempt Hearing? What do you do? Where do your duties lie? What can you say and which documents can you provide?
A divorce can pull everyone and everything into its grasp. This course is designed to teach real estate agents how to navigate through all of the complexities of divorce deals from properly listing the property to procuring a purchaser and receiving commission in compliance with License Law.
Learn about the Domestic Relations Law’s concept of marital property. Prepare yourself to stay above the fray, make the deal, get paid and keep the divorcing clients responsive and cooperative along the way. Good luck.
Check out 88.3 WPPB Peconic Public Broadcasting tonight and tomorrow night (9/20 and 9/21) at 5:30pm. Realife is hosted by John Christopher from Brown Harris Stevens. John will be interviewing Andrew Lieb concerning a multitude of issues facing Hamptonites in the real estate market.
QUESTION: Does Lieb School report my completed credits to the Department of State (DOS)? Am I responsible for sending my course certificates to the DOS?
ANSWER: Credits received from Lieb School count towards the 22.5 required from the DOS for license renewal. Certificates provided at each class serve as proof of credit hours (think of them as a receipt). After each class, Lieb School submits to the Department of State, Bureau of Educational Standards, all licensee information for successful completion of each course. Upon license renewal, the DOS will require the original signed certificates if you are selected for an audit. Make sure that you keep your certificates in a safe place. In the event of an audit, the DOS will cross reference the certificates with the student completion records received by each school. You are responsible for completing all 22.5 credits by your license renewal deadline date.
Incident to the Consumer Financial Protection Bureau's (CFPB) new mortgage rules, the Ability-to-Repay Rules, the CFPB also has created rules for delinquency notices, follow-up information for loss-mitigation, and forbearance plans. Its imperative that foreclosure defense counsel familiarize themselves with these rules prior to their effective in 2014.
Most interestingly is the "general ban on proceeding to foreclosure before a borrower is 120 days delinquent".
Also, important for mitigation specialists is the clear requirement that servicers provide notice of deficient document submissions incident to a modification application and an opportunity to cure. This should hopefully put an end to the days of we closed your file because we didn't get all of your documents - the fax shredder will be broken.
To access the new Handbook for MHA, inclusive of HAMP and HAFA, click here. This Handbook is the rules for banks / servicers to modify mortgages, so pay careful attention to detail and make sure that they comply.
It's time to learn the secrets in order to qualify for a mortgage. This seminar will begin with the basics, discussing everything from the definition of a mortgage to types of mortgages. You will learn who the players are at the bank and how their respective roles impact your deal. We will discuss the differences between a prequalification and a commitment and how to close your deal smoothly under the Real Estate Settlement Procedures Act. You will learn secrets that occur behind the scenes at the banks and how to navigate through issues with income, assets, credit scores, CO's, and open permits. This course will enable you to weed-out high-risk clients and to advise average credit score clients on structuring their applications to get approved. Let's prevent mortgage contingency clauses from killing our deals. Hours: 3 Location: Hauppauge, NY Date: 10/09/13 Instructor: Andrew Lieb, Esq., MPH Price: Free + Dinner Included Class Sponsor: Citibank
In a strikingly important decision, the Supreme Court, Kings County, faced the issue of whether a Defendant who participates in Foreclosure Settlement Conferences, but did not Answer the Complaint, can be held in Default granting the lender judgment.
The Court held: "For the most part, caselaw is clear that, where a defendant makes an "informal appearance" within the time specified by CPLR 320(a), the defendant is not "in default," and a motion to enter judgment by default should be denied."
Practitioners and borrowers alike should read this decision and utilize it to advocate against judgments as many pro se defendants in the foreclosure arena participate in settlement conferences without formally answering.
Course: To be Green or not to be Green? That is the question... Instructor: Andrew Lieb, Esq., MPH Date: 10/18/13 Location: JPMorgan Chase on 47th and Park Credits: 4.5 Price: Free + Lunch Included
New York City is a national leader in green buildings with PlaNYC. So, like it or not, green is a staple in the NYC real estate scene for years to come. Yet, what does green really mean? Did you know that the FTC has regulated the field and restricts what you can advertise as being "green"? You see, green is not just a buzz word anymore. Real Estate agents must understand governmental Codes / Ordinances, organizational certifications, and home construction standards prior to labeling property as being green. This continuing education course will also introduce you to mortgage options for going green as well as the NY-Sun Initiative. However, the crux of this course will illustrate the various ways that buildings can go green. Learn how green matters and how to leverage it in sales.