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  • 2018 President, Kevin McDonald

    I am extremely honored to serve as the next President of the Placer County Association of REALTORS. I am incredibly thankful to have the guidance of the amazing past PCAR Presidents, leadership, staff and all those who have helped to Read More
  • Honorary Member - Gloria Doze

    Gloria Doze was honored with the 2017 Honorary Member of the Year award at this years Board of Directors Installation. The Honorary Membership is an award given to a member of the Placer County Association of REALTORS who has been a member Read More
  • REALTOR of the Year - Kim Tucker

    Kim Tucker was honored with the 2017 REALTOR of the Year award at this year's Board of Directors Installation. The REALTOR of the Year award is the highest honor given to a REALTOR member of the Placer County Association of REALTORS. Read More
  • Affiliate of the Year - Dan Morasci

    Dan Morasci was honored with the 2017 Affiliate of the Year award at this years Board of Directors Installation. The Affiliate of the Year award is the highest honor given to an Affiliate member of the Placer County Association of REALTORS. The Read More
  • REALTOR Action Fund Video

    Why should you support the REALTOR Action Fund? How do your RAF contributions make a difference? Who advocates on your behalf? Watch this video to find out how your RAF contributions are used locally, statewide and nationally... Read More
  • PCAR MEMBERS MAKING A DIFFERENCE

    Did you know that in the past 5 years PCAR REALTORS have donated a total of $212,750.00 to local charities? PCAR REALTORS not only work in Placer County, they give back by volunteering their time, resources and money. For more Read More
  • PCAR Angel Tree Complete!

    PCAR members show their true colors once again! Because of your incredible generosity, 40 children in Placer County will be able to open some incredible presents on Christmas morning! Thank you for all of your continued support and desire to Read More
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Tech Tip for the Week of May 24th- Online storage of Personal Bookmarks

23 May 2010
1.  xmarks   www.xmarks.com  2.  icyte   www.icyte.com  Good Luck,
Gary Kramer gkramer@gkramerconsulting.com (916) 203-8892 Skype ID: bogey08 Visit My Website Properties Online, LLC 1820 Empire Industrial Ct., Suite C Santa Rosa, California 95403

Gary Kramer

gkramer@gkramerconsulting.com

(916) 203-8892 Skype ID: bogey08

Visit My Website

Properties Online, LLC

1820 Empire Industrial Ct., Suite C

Santa Rosa, California 95403

C.A.R.-Sponsored Bill to Protect Borrowers From Lenders

21 May 2010
C.A.R. is sponsoring SB 1178 (Corbett) to extend anti-deficiency protection to homeowners who had refinanced from “purchase money” loans and are now facing foreclosure. C.A.R. is sponsoring SB 1178 because most homeowners don’t know that when they refinanced from their original loan they lost their legal protections and now may be personally liable for the difference between the value of the foreclosed property and the amount owed to the lender.  SB 1178 will be voted on soon by the entire Senate. California law has protected borrowers from so-called “deficiency” liability on their home mortgages since the 1930s, but the evolution of mortgage finance requires that the statute be updated. Current law says that if a homeowner defaults on a mortgage used to purchase his or her home, the homeowner’s liability on the mortgage is limited to the property itself. The law has worked well since the 1930s to protect borrowers, ensure the quality of loan underwriting and allow borrowers brought down by financial crisis to get back on their feet. SB 1178 is consistent with the intent of the original law and simply updates it for modern times. Current law was intended to ensure that if someone lost their home to foreclosure, they wouldn’t be liable for additional payment. Since the law was passed over 70 years ago, homeowners refinancing from the original loan to lower their interest rate has become a commonplace. The 1930s legislature didn’t anticipate how mortgages would change over time. As things stand today, lenders could pursue families to collect this “debt” years down the road. Lenders have up to ten years to collect on the additional debt after a judgment has been entered on the foreclosure. Years after a family has lost their home, they could find themselves in even more financial trouble. Lenders could even sell these accounts to aggressive collection agencies or even bundle them into securities. The end result would be banks who didn’t lend responsibly in the first place coming after families for even more money that they don’t have. Be part of C.A.R.’s Government Affairs Team and help pass SB 1178. Call your state Senator TODAY and urge him or her to vote “YES” on SB 1178. Senator Dave Cox: Call 1-800-672-3135     PIN: 192001396 Senator Sam Aanestad:  Call 1-800-672-3135    PIN: 157000765 For More Information Please contact DeAnn Kerr at deannk@car.org Video link: http://videos.car.org/mediavault.html?menuID=3&flvID=8

ph: (916) 624-8271

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