Adjustable Rate Mortgages: Misunderstood, Misused… and Sometimes the Smartest Loan Choice
Author Archive | Duane Gomer
2023 SPEAKER OF THE YEAR
It is with pride that Duane Gomer Education selects Jay Mills as Speaker of the Year for 2023. He certainly earned any recognition he receives.Jay is a favorite of our students presenting our Notary and Real Estate Courses. Our staff greatly appreciates the professionalism he exhibits, as well as his crucial contributions to the organizational […]
A DISCUSSION OF NEW FORCLOSURE REGULATIONS
Foreclosure Laws: California has specific laws and procedures governing the foreclosure process, including notice requirements and opportunities for homeowners to explore alternatives, such as loan modifications. The California legislature passed Assembly Bill (AB) 1837 and AB 2170, effective as of January 1, 2023. These two laws, which build on the groundwork laid by Senate Bill […]
REVERSE MORTGAGE UPDATE
We decided to present a short update on Reverse Mortgages. As our authority we selected David Gomer, Broker, Founder and Owner of Senior Funding, Calabasas, CA. He has been specializing in all types of Reverse Mortgages since 1989. He earned the prestigious Certified Reverse Mortgage Professional Designation Awarded by the National Reverse Mortgage Lenders, and a […]
Attorney General Bonta Issues Consumer Alerts, Guidance to Protect California Tenants and Remind Property Managers and Landlords of their Legal Obligations
Tuesday, February 6, 2024 Contact: (916) 210-6000, [email protected] Includes new information calculating allowable rent increases under TPA SAN FRANCISCO – California Attorney General Rob Bonta today issued five consumer alerts advising California tenants of their rights and protections under state law, and alerting property managers and landlords of their obligations to tenants. The consumer alerts cover […]
What Interest Rate does the IRS pay you if you Overpay your Taxes?
17531167 – irs card on desck with tax files Read news release IR-2024-47, Feb. 21, 2024 – https://www.irs.gov/newsroom/interest-rates-remain-the-same-for-the-second-quarter-of-2024 WASHINGTON — The Internal Revenue Service today announced interest rates will remain the same for the calendar quarter beginning April 1, 2024. For individuals, the rate for overpayments and underpayments will be 8% per year, compounded daily. […]
GIFT TAX Etc. #1
If I gift more than $17,000 to anyone in one year, will I owe taxes in that year? To find the answer click here: http://www.DuaneGomer.com/video
WHEN IS AN OFFER NOT AN OFFER ANYMORE?
A couple of basic thoughts that are misunderstood by people in a Real Estate Transaction. First, an offer is never complete until there is an acceptance and that acceptance has been communicated to the other party. Sellers make a counter and give three days for a reply. One day later they get a better offer. […]
N.A.R. DIRECTORS PASS NEW COURSE REQUIREMENT
New applicants must now complete two hours of Fair Housing training and existing members must complete the course every three years. In addition to the now required Ethics training. (more…)
CFPB ORDERS LENDER TO PAY $20 MILLION IN PENALTIES
Installment lender: One Main Financial of Evansville, IN was ordered to pay $10 million to customers and another $10 million in penalties for failing to refund interest charged and selling add-on products. (more…)