Buying or selling property in California? This episode unpacks the complex world of real estate. We'll explore agency relationships and the fiduciary duties your real estate and mortgage brokers owe you, emphasizing utmost care, honesty, and full disclosure. Learn about the nuances of dual agency and why clear, written consent from all parties is crucial. We'll guide you through the foreclosure process, from the initial Notice of Default (NOD) to the Notice of Sale (NOS), and discuss vital alternatives like loan modifications and short sales that can help homeowners in financial distress. Most importantly, we expose pervasive real estate fraud, including illegal advance fees for loan modifications and deceptive short sale flipping schemes that can cost homeowners dearly. Discover how to identify and report scams and the importance of working with legitimate, licensed professionals to protect your most valuable asset.
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Podcast Episode DescriptionWorks Cited