Real Estate News

Business

The Mortgage Professor: Mortgage document deluge: Does new rule help?

For years, the Consumer Financial Protection Bureau worked to integrate the mortgage loan disclosures required by the Truth in Lending Act, or TILA, and the Real Estate Settlement Procedures Act of 1974, or RESPA. The bureau's work, done under the TILA-RESPA Integrated Disclosure Rule, or TRID, resulted in new requirements that went into effect last October.

Real Estate News

Real estate Q&A: Landlord may be liable for damage, but not tenant's hotel

Q: In January, my rented condominium flooded from the water heater upstairs. Luckily I was home, so the damage was minimal. The technician recommended that it be replaced, and I relayed this info to the owner. He doesn't intend to replace it, even though the association board recommended in writing that all owners replace water heaters due to their age. If it does leak and flood again, who is responsible for the damage and is the owner required to pay for a hotel while everything is being repaired?

Real Estate News

Real estate Q&A: Tenant shocked that landlord wants to sell

Q: We are renting a house. About 60 days before the end of the lease, the property management company told us that the landlord decided to sell. This came as a shock because the last we chatted with the landlord, he was trying to confirm that we intended to renew the lease. This has not given us enough time to save for the extra startup expenses of a new lease. The real estate agent keeps contacting me to show the property, which is a major hassle. Is there anything we can do to be left alone until we have to get out of here?

Videos

More Videos

Downey high jumper qualifies for state meet 00:58

Downey high jumper qualifies for state meet

Sabrina Baisdon, Ceres flash the leather in section championship win 02:08

Sabrina Baisdon, Ceres flash the leather in section championship win

Robotics Team Shows Its Stuff 00:33

Robotics Team Shows Its Stuff

Grow tomatoes and save water, too 01:31

Grow tomatoes and save water, too

Fire Destroys Don Pedro Rec Headquarters 01:10

Fire Destroys Don Pedro Rec Headquarters

Vehicle catches fire at smog shop in Fresno's Tower District 00:47

Vehicle catches fire at smog shop in Fresno's Tower District

Army Sister Surprises Brother At Graduation 01:42

Army Sister Surprises Brother At Graduation

Americans agree, it's time for Obama to visit Hiroshima 02:27

Americans agree, it's time for Obama to visit Hiroshima

Best Sauce of the Planet crowned at American Royal contest 00:56

Best Sauce of the Planet crowned at American Royal contest

Salvation Army keeping its Modesto homeless shelter open year-round 01:28

Salvation Army keeping its Modesto homeless shelter open year-round

Food 4 Thought at Modesto School 02:04

Food 4 Thought at Modesto School

Share Video

Bates sparks Ceres' run to a Division III title

Fourth-year varsity starter Nicole Bates went 6 for 7 in the championship series and turned the game-ending double play as Ceres captured the Sac-Joaquin Section Division III title with a 3-2 victory over Benicia on Thursday, May 26, 2016.
jcortez@modbee.com
Bates sparks Ceres' run to a Division III title 02:09

Bates sparks Ceres' run to a Division III title

Downey high jumper qualifies for state meet 00:58

Downey high jumper qualifies for state meet

Sabrina Baisdon, Ceres flash the leather in section championship win 02:08

Sabrina Baisdon, Ceres flash the leather in section championship win

Robotics Team Shows Its Stuff 00:33

Robotics Team Shows Its Stuff