Ray Park (Burlingame, CA)
Ray Park is an excellent neighborhood located in North Burlingame. Most of the homes are one level with a great deal of curb appeal. Ray Park is walking distance to both top rated Lincoln Elementary and Franklin Elementary Schools, as well as Burlingame’s only public middle school, Burlingame Intermediate School.   Click the Link below to view Homes for Sale in Burlingame:   http://www.sfpeninsulacondos.com/listings/areas/32531/propertytype/SINGLE,CONDO/   The neighborhood is just minutes away the Millbrae exit at 101, and just down the hill from the 280 corridor, making it a convenient location to silicon valley workers.   I’m happy to keep an eye on the listing inventory in order to locate additional possibilities that would be of interest and fit your requirements and price range.  ...
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By Roger Hunt-Jumbo Loans
(Private Mortgage Advisors/an affiliate Wells Fargo Bank N.A.)
Does RESPA Reform apply to all loan types? No. It applies to all open-end and closed-end loans but does not apply to home equity lines of credit. At what point can a loan originator collect upfront fees? An applicant must receive his or her initial disclosures before upfront fees can be collected from the applicant. The only exception is the credit report fee which can be collected at application. What if the settlement agent or attorney that the REALTOR or customer prefers to use is unable to fulfill on the expectations set forth in the closing agent instructions? In any such case, another settlement agent or attorney who can execute based on our closing agent instructions will need to be selected. Is there anything a REALTOR or Builder needs to look for with settlement agents or atto...
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By Roger Hunt-Jumbo Loans
(Private Mortgage Advisors/an affiliate Wells Fargo Bank N.A.)
Can a Realtor receive a gift, prize, or fee from a lender, closing attorney, or other settlement service provider? Section 8(a) of RESPA prohibits the giving or accepting of a "thing of value" to another person for the referral of settlement business. RESPA uses the term a "thing of value" very broadly to include in its prohibition all imaginable forms of compensation for a referral. Section 3 of RESPA defines a "thing of value" to include, among other things, money, services, discounts, commissions, and even the opportunity to participate in a money making program. As a result, Realtors cannot receive gifts, prizes, fees, or kickbacks (even if they are disclosed) for the referral of business to other settlement service providers. It would be a violation of RESPA for a lender to pay for...
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By Roger Hunt-Jumbo Loans
(Private Mortgage Advisors/an affiliate Wells Fargo Bank N.A.)
Congress enacted RESPA in 1974 to ensure that consumers receive greater and more timely information on the nature and costs of the real estate settlement process and are protected from unnecessarily high costs associated with real estate closings. RESPA attempts to protect borrowers by prohibiting individuals who provide services related to real estate closing from paying one another kickbacks or referral fees, especially hidden or "under the table" kickbacks and referrals fees. The idea behind the law is that eliminating such payments will help keep closing costs down for borrowers. A RESPA violation subjects a person to a fine of up to $10,000 for each offense, imprisonment of up to one year, or both. In addition, the violator may also be liable to the person who was charged for the s...
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By Roger Hunt-Jumbo Loans
(Private Mortgage Advisors/an affiliate Wells Fargo Bank N.A.)
While it may be hard to just say "no" to the reebies that mortgage lenders sometimes offer REALTORS for the referral of loan business, just saying "no" is clearly the best way to avoid running afoul of the Real Estate Settlement and Procedures Act (RESPA). RESPA may be the least understood and the most violated real estate law in the country. The broad prohibitions of the law cover many practices, including some practices, which are, unfortunately, engaged in by real estate brokers and lenders. While the law is strict, ambiguities in RESPA lend to the law being blatantly violated by covered individuals. Moreover, RESPA was not aggressively enforced for many years and covered individuals were essentially left to "self-police" their conduct and practices. For obvious reasons, this system ...
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By Roger Hunt-Jumbo Loans
(Private Mortgage Advisors/an affiliate Wells Fargo Bank N.A.)
Tip of the Day Low energy level? One solution is to drink more water, which delivers oxygen throughout the body, providing a natural energy boost.
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By Antoinette Galindo, CRS,GRI,SRES,e-PRO
(Alain Pinel Realtors )
Antoinette Galindo | Alain Pinel Realtors | 650 302-7411 lic#01184177 1621 Balboa Avenue, Burlingame, CA Lic#01184177 4BR/3BA Single Family House offered at $1,728,000 Year Built 1970 Sq Footage 3,020 Bedrooms 4 Bathrooms 3 full, 0 partial Floors 3 Parking 2 Car garage Lot Size 5,500 sqft HOA/Maint $0 per month DESCRIPTION This inviting home, with lovely curbside appeal, enjoys a sought after address in the Ray Park neighborhood. The warm and gracious ambiance begins in the spacious living room with its beautiful fireplace, custom color walls and lovely hardwood floors. Enhancing the livability is a formal dining room, beautiful chef’s kitchen with granite slab counters and quality appliances. The central gathering point will undoubtedly be the spacious family room, which is equipped w...
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Burlingame, CA Real Estate Professionals