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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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City of Colfax Sewer Lateral Ordinance

23 Mar 2010
The City of Colfax has approved a new sewer lateral ordinance which does contain certain close of escrow requirements. Please click here to read the entire ordinance.

Undisclosed Short Sale Payments May be Illegal

19 Mar 2010
Undisclosed payments in short sale transactions, especially those paid outside of escrow, may violate the law, including RESPA, laws against loan fraud, and licensing laws.  Short sale agents have increasingly reported to C.A.R. about requests for agents and their clients to pay junior lienholders and others, oftentimes outside of escrow. One common scenario is when a short sale seller’s senior lender authorizes a payment of $3,000, for example, to extinguish a junior lien, but the junior lender demands that the buyer pays an additional $9,000 outside of escrow.  Not only would it be risky for a buyer to pay outside of escrow, but concealing this additional payment from a federally-insured senior lender may constitute loan fraud, which is a crime punishable by 30 years imprisonment plus a $1 million fine (18 U.S.C. section 1014).  Furthermore, omitting from the HUD-1 Statement any charges paid at settlement by either a buyer or seller may violate the Real Estate Settlement Procedures Act (RESPA) (Appendix A to 24 C.F.R. Part 3500).  Depending on the specific circumstances, carrying out these payment requests may also violate other laws and regulations, and an agent’s participation in the scheme may be subject to license revocation by the Department of Real Estate or other disciplinary action. Agents and their clients are encouraged to file any complaints regarding fraudulent activities to the proper authorities, including the following agencies:
  • Attorney General’s Office California Department of Justice 800-952-5225 Phone http://ag.ca.gov/consumers/mailform.htm
  • Department of Housing and Urban Development (HUD)HUD Office of Inspector General Hotline (GFI) 800-347-3735 Phone http://www.hud.gov/offices/oig/hotline
  • Federal Bureau of Investigation (FBI) 202-324-3000 Phone https://tips.fbi.gov
  •   Realegal® is published by the CALIFORNIA ASSOCIATION OF REALTORS®, a trade association representing more than 175,000 REALTORS® statewide. Edited by: Stella Ling, stellal@car.org Copyright © 2010 CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)

    ph: (916) 624-8271

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