Real Estate Information Archive


Displaying blog entries 1-3 of 3

Mortgage Fraud-Distressed Home Owners

by Carol or Jim Chamberlain

Mortgage fraud reports have increased nationwide from more than 6,900 in 2003 to more than 93,500 in 2011, according to the Federal Bureau of Investigation (FBI). And the nonprofit Homeownership Preservation Foundation reported the number of mortgage foreclosure scams has shot up 60 percent so far in 2012.

In response to the growing fraud, the CALIFORNIA ASSOCIATION OF REALTORS® is educating homeowners and warning consumers they are at risk of being scammed by third parties, such as those that promise loan modifications for an up-front fee, which is illegal.

Many so-called foreclosure rescue companies or foreclosure assistance firms review foreclosure notices in newspapers, the Internet, and public files to identify potential victims, according to the Federal Trade Commission (FTC). They then ask for money up-front and claim they can help homeowners save their home. Some are bold enough to offer a money-back guarantee. However, the scammers simply take the homeowners’ money, often leaving them in worse circumstances than before.

Consumers should NEVER pay money up-front for services promised. Instead, get a referral to a free HUD-approved housing counselor to advise on loan modifications, short sales, and other alternatives for avoiding foreclosure by calling (888) 995-HOPE.

Homeowners who have a home loan with one of the participating lenders or servicers should visit their home loan assistance site:

Ally/GMAC: 800-766-4622
Bank of America: 877-488-7814
Citi: 866-272-4749
JPMorgan Chase: 866-372-6901
Wells Fargo: 800-288-3212

Coffee is Life

by Carol or Jim Chamberlain


Please take a moment to enjoy the people, friends, and family around you we are on this earth for a short time and in a blink of and eye we are gone. Enjoy the coffee not the cup.

Life is Like Coffee
Author Unknown

 A group of alumni, highly established in their careers, got together to visit their old college professor.Conversation soon turned to complaints about stress in work and life. Offering his guests coffee, the professor went to the kitchen and returned with a large pot of coffee and an assortment of cups: porcelain, plastic, glass, crystal, some plain looking, some expensive, some exquisite. He told his guests to help themselves to the coffee. After everyone had a cup of coffee in hand, the professor said:  If you noticed all the nice looking expensive cups have been taken up, leaving behind the plain and cheap ones. While it is normal for you to want only the best for yourselves… that is the source of your problems and stress be assured that the cup adds no quality to the coffee. In most cases it’s more expensive, and in some cases even hides what we drink. What all of you really wanted was coffee, not the cup.  But you consciously went for the best cups… And then you began eyeing each other’s cup. Now consider this … The jobs, money and position in society are the cups. They are just tools to hold and contain LIFE. And the type of cup we have does not define, nor change the quality of life we live. Sometimes…by concentrating only on the cup, we fail to enjoy the coffee. Savor the coffee not the cup! The happiest people don’t have the best of everything. They just make the best of everything! Live simply. Speak kindly. Care deeply. Love generously. The richest person is not the one who has the most, but the one who needs the least.  “Life is like Coffee”

Here was a wonderful slide show with music:

Top Ten Legal Mistakes Home Sellers Make!

by Carol or Jim Chamberlain

1. Accepting the buyer with the highest offer without regard to the other contractual terms.

2. Not properly handling mu1tiple offer situations with multiple buyers.

3. Not properly handling back-up offers.

4. Entering into an agreement with no earnest money deposit from the buyer, or a very small amount.

5. Entering into an agreement before verifying the buyer's financial ability to dose escrow.

6. Not disclosing known material fact affecting the value or desirability of the property.

7. Not providing the buyer with legally required disclosures.

8. Not obtaining the buyer's written acknowledgment of disclosures.

9. Not considering whether to require the buyer to remove contingencies.

10. Not excluding items from the sale that the seller wants to keep.

Displaying blog entries 1-3 of 3

Contact Information

Photo of Carol and Jim   Real Estate
Carol and Jim
Preferred Home Brokers
3230 E Imperial Hwy, Ste 125
Brea CA 92821

Carol & Jim Chamberlain 714-726-3166 or 714-726-3144                  "Yes, We Can Be In Two Places At Once!"                                              BRE Lic Numbers: 00912962, 01015143