Legal Update: AB 957: Buyer Selection of Escrow and Title Services

Archive for 'Fabulous REO Buyer Tips!'

Legal Update: AB 957: Buyer Selection of Escrow and Title Services

Posted on 05. Nov, 2009 by Stacey.

(Assembly Bill 957) Effective October 11, 2009, the Buyer’s Choice Act prohibits an REO lender selling residential property up to four units from directly or indirectly requiring the buyer to purchase escrow services or title insurance from any particular company. A buyer, however, who has received written notice of the right to make an independent [...]

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New Series: Fabulous REO Buyers Tips! Tip #1

Posted on 05. May, 2009 by Stacey.

This is the first in a series of posts designed to assist buyers interested in purchasing bank-owned properties and how to increase their chances of getting that offer accepted. I know it is not the intention of agents to write an offer that probably won’t get accepted. However, if the buyer themselves know what the [...]