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The risk of zero-down loans while the Fed talks recession

Housing Wire

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. million homes for sale, but in 2022 we got as low as 870,000 in total inventory.

Loans 542
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Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Receive your offer within a week and close in as little as 10 days.

Sales 63
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RESPA enforcement is back — are you ready?

Housing Wire

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. A CFPB enforcement action could “force already financially weakened lenders into bankruptcy,” Selden said. This should be part of the cost of your doing business – compliance and risk monitoring for these types of things.

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The Ultimate Mortgage Loan Documents Checklist For First-Time Homebuyers

HomeLight

As Richie Helali , mortgage sales leader at HomeLight Loans explains “You have to actually report the income. They will also consider your current and previous debts that resulted in foreclosures or bankruptcies. Bankruptcy paperwork. Closing costs. Closing Disclosure. Estimated tax and insurance costs.

Loans 103
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How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

HomeLight

Michael Simpkins , a real estate agent in Florida who’s worked with 69% more single-family homes than the average agent in Apollo Beach , thinks that the advantage to paying cash over taking out a mortgage to buy a home is that you’ll save on closing costs. A cash sale: Start to finish. Average Price Point. Single Family Homes.

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What to know when buying a property in Florida

Realty Biz

Be sure to factor in additional insurance costs when working out how much you can afford each month for your mortgage. Unlike most other states, Florida protects your home from foreclosure, even if you file for bankruptcy. Due to Florida’s high closing cost, buying a house here is more expensive than buying elsewhere.

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11 Tips for Finding the Right Agent to Sell Your Home

Realty Biz

not in bankruptcy or with legal action against them) Are actively involved in the business of real estate Realtors may be agents, but they may also be appraisers, property managers, or brokers. These are helpful when an agent decides to work with a specific type of client, such as clients over age 50 or cash-only home sales.

Agents 81