tag:blogger.com,1999:blog-7222783717347732927Wed, 01 Apr 2026 13:39:54 +0000MortgageRMReal EstateFiduciary responsibilitiesInsuranceBrokersC.R.S.Civil Code 2079ColoradoCustomer ServicePMIPrperty ManagementReal Estate Transaction Do Don't Risk Management LegalSection 12-61-903.5SubprimeTDSUpcomingWorker's Compnoteupdatehttp://cresdirect.blogspot.com/noreply@blogger.com (CRES)Blogger15125tag:blogger.com,1999:blog-7222783717347732927.post-6817029649983179055Mon, 22 Sep 2008 18:22:00 +00002008-09-22T11:33:31.684-07:00MortgageReal EstateHere is the summary according to the original document1. Long-term affordability.The program is built on the idea, expressed by Federal Reserve ChairmanBernanke, that creating new equity for troubled homeowners is likely to be amore effective way to avoid foreclosures. New loans will be based on a family'sability to repay the loan, ensuring affordability and sustained homeownership.2. No investorhttp://cresdirect.blogspot.com/2008/09/housing-and-recovery-act-of-2008.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-1449993721825569100Mon, 14 Jul 2008 16:49:00 +00002008-07-14T10:03:10.296-07:00Customer ServiceI would like to take a moment to share with you a customer service story about one of our own here at CRES. Our customer Debbie thought it was a positive experience worthy of a blog post!The snippet from the Chico Home Blog:Emotions of real estateBy Debbie BrodieI was reminded of an important life law this past week: “It is rarely about you.”I had a week where all the forces of my universe http://cresdirect.blogspot.com/2008/07/customer-service-story.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-3475988558269055441Mon, 07 Jul 2008 21:21:00 +00002008-07-07T14:22:41.082-07:00Worker's CompThe California Division of Industrial Relations has launched operation Insurance Coverage. The operation is designed to target employers who do not purchase Worker’s Compensation Insurance. John Dugan, head of the Division, says the program is designed to “systematically identify unlawfully uninsured employers to prioritize as enforcement targets.”The project is funded by SB 869, which http://cresdirect.blogspot.com/2008/07/dont-be-california-workers-comp.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-3719797059000546023Tue, 01 Jul 2008 15:20:00 +00002008-07-01T08:21:32.500-07:00“We have been associated with CRES since the late 90's and have always felt totally protected. We have received quick service from the legal department who responds quickly and I got the helpful attention from our AE who has been there to resolve issues and answer questions for me. It has been a rewarding relationship starting with the friendliness of the receptionist who answers the phone http://cresdirect.blogspot.com/2008/07/customers-say.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-724841069654969954Wed, 18 Jun 2008 21:47:00 +00002008-06-18T14:58:51.104-07:00RMAre you using all of the Member benefits afforded to you by CRES Insurance?CRES Website - Visit www.cresdirect.com and log into the Members Only section to access our Legal Forum’s Risk Management information. This info is designed to help reduce the likelihood of a lawsuit. Sample Disclosure Letters and Risk Management Updates are continually being added to the site. They contain claim examples http://cresdirect.blogspot.com/2008/06/stressless-hotline_18.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-8287351594779372770Wed, 28 May 2008 20:42:00 +00002008-05-28T13:49:01.867-07:00PMIFrom Inman News"I had a loan that was greater than 80 percent of the value of my home. My loan required me to purchase private mortgage insurance (PMI).But I recently had to do a deed in lieu of foreclosure because I could no longer afford the increases in the adjustable-rate mortgage. Now the PMI company has come after me for the $43,000 it paid the lender due to the deed in lieu.Is the PMI http://cresdirect.blogspot.com/2008/05/will-purchasers-have-to-reimburse-pmi.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-8559206535592277676Tue, 27 May 2008 21:10:00 +00002008-05-27T14:11:34.780-07:00Real EstateRMThere is a proposed settlement of the 2005 lawsuit against NAR by the Department of Justice surrounding NAR’s IDX/VOW rules. Deborah A. Garza, deputy assistant attorney general for the U.S. Justice Department, today characterized the settlement as "a full success" for the department. "We were able to achieve full relief with respect to the practices we were concerned about," she said. The http://cresdirect.blogspot.com/2008/05/nar-and-doj-settle-antitrust-suit.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-2636505555517592360Tue, 27 May 2008 20:47:00 +00002008-05-27T13:58:41.399-07:00BrokersMortgageReal EstateSubprimeBelow is an exerpt from the Real Estate Agents, Mortgage Brokers Could Leave Subprime Crisis Unscathed article our own Steve Sargenti co-authored in Property and Casualty Insurance News."Not every firm connected with residential real estate and poor credit borrowers faces catastrophic exposure to subprime mortgage losses. Front-line professionals far removed from the aggrieved investors are in http://cresdirect.blogspot.com/2008/05/subprime-crisis-may-not-affect-real.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-2424446857481633734Fri, 11 Jan 2008 23:22:00 +00002008-01-11T15:24:10.010-08:00Fiduciary responsibilitiesInsuranceHow does a buyer prove failure to disclose mold? You wont believe how one family did. Check out this story on ABCNews.comhttp://cresdirect.blogspot.com/2008/01/toxic-homes.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-3185580106039578096Thu, 06 Dec 2007 23:42:00 +00002007-12-06T15:48:45.794-08:00C.R.S.ColoradoInsuranceMortgageSection 12-61-903.5The state of Colorado has issued an Emergency Rule that requires Mortgage Brokers to have Errors and Omissions insurance effective January 1, 2008. We here at CRES have been working hard at developing an E&amp; O program that offers exceptional coverage at a price point that might surprise our customers! There are going to be a lot of options out there, but with the current state of the http://cresdirect.blogspot.com/2007/12/exciting-news-for-colorado-mortgage.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-1275814251835854219Wed, 21 Nov 2007 19:29:00 +00002007-11-21T11:31:17.664-08:00noteupdateIn keeping with the holiday theme of giving thanks, during the socializing or meal, people talk about what they are thankful for or tell about experiences during the past year which have caused them to feel grateful. We at CRES have so much to be thankful for, but on the eve of the Thanksgiving holiday, we extend thanks to the over 100,000 real estate professionals that count on us for http://cresdirect.blogspot.com/2007/11/happy-thanksgiving.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-2679383333175623982Tue, 06 Nov 2007 18:12:00 +00002007-11-06T11:25:39.371-08:00Civil Code 2079Fiduciary responsibilitiesRMTDS Fiduciary Duties are broader than CC 2079!Agent Mike inspects a Northern California house hoping to secure a listing when the house goes on the market. He makes some notes about possible water leaks, cracked walls and pool damage. Mike does not get the listing. But another agent with the same firm ends up representing the buyer. Mike is part of the same team, so he ends up showing the http://cresdirect.blogspot.com/2007/11/risk-management-update-involving-2079.htmlnoreply@blogger.com (CRES)1tag:blogger.com,1999:blog-7222783717347732927.post-1957320713590495137Mon, 29 Oct 2007 18:03:00 +00002007-10-29T11:03:34.864-07:00UpcomingNational Association Of RealtorsNovember 13 - 16Las Vegas, NVBooth#: 1946http://cresdirect.blogspot.com/2007/06/upcoming-cres-events.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-7419574508887445118Mon, 29 Oct 2007 17:46:00 +00002007-10-29T10:58:37.005-07:00Prperty ManagementIt is two in the morning and the phone is ringing. The tenant has a gushing toilet. RING- The tenant has a leaking roof. RING- The tenant is mad that the next door neighbor has a stereo that he loves to play at ear-splitting volumes. Sound familiar? As a part of their everyday activities many real estate offices will handle property management. Sometimes they will handle large apartment or condohttp://cresdirect.blogspot.com/2007/10/does-your-firm-manage-properties.htmlnoreply@blogger.com (CRES)0tag:blogger.com,1999:blog-7222783717347732927.post-1911114644230287658Fri, 13 Jul 2007 19:20:00 +00002007-07-13T12:29:32.742-07:00Real Estate Transaction Do Don't Risk Management Legal As the listing agent, DO have the seller sign and verify the information that is submitted to the Multiple Listing Service. Protect yourself and have the seller’s sign the MLS report before you submit the information to your MLS. <!--[if !supportLists]-->2. <!--[endif]-->“Per Telephone Call” Signatures- DO NOT DO IT. The buyer or seller should always sign all legally http://cresdirect.blogspot.com/2007/07/10-dos-and-donts-to-know-in-real-estate.htmlnoreply@blogger.com (CRES)0