Housing Wire

FEBRUARY 7, 2022

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’” Our role in housing finance brings important responsibilities.”.

Equity 365

Equity Inspection Real-estate owned Residential 365

Housing Wire

MAY 3, 2024

That is a challenging conversation to have with clients, but basically everyone has equity if they bought their house in the last three or four years. People are actually making repairs found in inspection reports. said Robert Cavinder , a broker at Burlington-based Keller Williams Central.

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Marketing Construction New Construction Development 287

Housing Wire

OCTOBER 18, 2022

homeowners sitting on more than $30 trillion dollars in home equity, many lenders are looking to the latest AVMs to improve the accuracy and efficiency of their home equity lending. Here are four ways the next generation of AVMs are reducing risk, accelerating decision making and cutting the cost of home equity originations.

Equity 249

Equity Lending Technology Loans 249

Housing Wire

DECEMBER 6, 2021

This friend, “placed some of her own family photos, depicting her white family” around the house “prior to the inspection.”. Department of Housing and Urban Development on behalf of Cora Robinson, who alleged racial bias against Class Valuation , an appraisal management company, and Thomas Kearney, an individual appraiser.

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Development Inspection Equity Mortgages 371

Housing Wire

FEBRUARY 10, 2021

“We are excited to work with innovative lenders like Sierra Pacific Mortgage to find ways to take time, touch and cost out of their collateral underwriting workflows,” said Sage Nichols, CoreLogic executive of client and business development. Are borrower-assisted inspections here to stay? to two loan files per day. .

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Loans Inspection Mortgages Equity 379

Housing Wire

NOVEMBER 30, 2021

The agency would be well served to also adopt hybrid appraisals and inspection-only waiver policies as additional options to today’s GSE appraisal waivers. Additionally, as directed by the Biden administration, the U.S. It is encouraging that the FHFA has decided to permanently allow desktop appraisals, and that is a good start.

Equity 395

Equity Industrial Inspection Finance 395

Realty Biz

OCTOBER 21, 2023

Development financing for larger new construction projects and alternative financing approaches should also be considered. A spec home is a newly constructed residential property built by a developer or builder without a buyer already in place. What is a Spec House? The definition of a spec house is straightforward.

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Loans Finance Construction Commercial 108

Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

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Closing Title Lending Inspection 195

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Doug Faron is one of three founding partners at Florida-based Shoreham Capital , a privately held built-for-rent (BFR) and multifamily residential developer focused on projects in the Southeast, primarily Florida. Taken by Felix Mizioznikov.

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Land Construction Development Finance 362

Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. Harlan Accola. Real estate agents hate dealing with call centers,” he says.

FHA loan 322

FHA loan Due diligence Loan Officer Loans 322

Housing Wire

APRIL 22, 2024

I would be happy to give you an equity analysis and let you know how much equity you have in your home. Perhaps they don’t receive strong enough offers or struggle to address issues that arise at home inspection. She developed training materials, classes, and coaching programs for her fellow introverts.

Brokerage 329

Brokerage Investor Agents Pre-approval 329

Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. It can also factor in the effects of local events like foreclosures and recent sales.

Technology 396

Technology Mortgages Commercial Inspection 396

Housing Wire

JANUARY 7, 2021

With the integration, Blend will have access to the companies Dual AUS functionality – a product unveiled in 2018 with the ability to run an application through both systems and quickly identify property inspection waivers early on in the process. Though that need may have started long before the pandemic.

Mortgages 227

Mortgages Lending Loans Investor 227

Propmodo

OCTOBER 31, 2023

“Some debt funds both originate loans and buy notes from other institutions,” said Tim Milazzo, founder of StackSource, an online marketplace for commercial real estate debt and equity. Inspecting each part of the project in order to make those payments can mean more work and more risk of error for construction lenders.

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Lending Commercial Banks Construction 113

HomeLight

JANUARY 4, 2023

In addition, their experience can help identify issues that may need to be addressed prior to an appraisal or home inspection. Apply for a home equity line of credit (HELOC). Applying for a home equity line of credit (HELOC) can be one way to get the money you need for larger repairs. “We’ve Find a Top Agent.

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Equity Finance Loans Development 94

Realtor.com

JANUARY 2, 2023

You can’t inspect a new-construction home before you buy it. You can absolutely do a home inspection before you purchase a new construction. “I would be cautious of any builder who refuses to allow you to perform a home inspection,” says Bill Samuel , owner of Blue Ladder Development.

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New Construction Construction Pre-approval Inspection 105

HomeLight

DECEMBER 6, 2021

You will just need to prepare for some additional complexities, such as: Taxes: It’s not a guarantee that you’ll owe taxes, but you may have to report a “gift of equity” that exceeds a certain amount to the IRS. In an arm’s-length scenario, it’s unlikely that any significant equity would be gifted to the buyer.

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Purchase and sale agreement Marketing Equity Inspection 105

Housing Wire

APRIL 27, 2023

These developments—and more—can be seen as cracks in the armor of a housing-industry sector that rose out of the ashes of the Great Recession and grew to become a thriving alternative for individuals locked out the home-purchase market by rapidly rising prices.

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Renovation Residential Commercial As-is 272

HomeLight

FEBRUARY 28, 2022

In a perfect world, you can put your current house on the market, sell quickly to get your equity out of your home to use for a down payment, and find your next dream home just as quickly. According to information collected by CoreLogic, a property data provider, homeowners averaged an equity gain of more than $56,000 in 2021.

Equity 114

Equity Debt-to-income ratio Closing Loans 114

RIS Media

MARCH 31, 2022

Early engagement with these exciting companies will help members of Propertymark navigate the world of technology as it develops and give them early exposure to some of the best-in-class tech solutions.”. Safe2 : Tracks and automates property inspections and certifications to streamline landlords’ & estate agents’ compliance processes.

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Technology Commercial Finance Development 75

HomeLight

NOVEMBER 30, 2022

Home improvement shows have popularized the concept of “flipping” houses, bringing this segment of the real estate industry into the living rooms of everyday Americans, even inspiring some to take on the challenge of buying a home needing TLC, updating the home with old-fashioned sweat equity, and selling for a nice profit. Closing costs.

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House Flipping Inspection Investor Renovation 95

Realtor.com

AUGUST 1, 2018

Now, the twist: It used to be that you had to pay this mortgage insurance on an FHA loan only until you gained 20% equity in your home. To be approved for the loan, the house must pass an inspection conducted by the U.S. Department of Housing and Urban Development.

FHA loan 91

FHA loan Loans Inspection Renovation 91

Redfin

JUNE 21, 2023

Consider area potential and long-term equity gains Buying your first investment property doesn’t necessarily mean it will be where you reside. When considering where to purchase, you’ll want to think about a location’s potential and the possible long-term equity gains associated with the area.

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Due diligence Earnest money deposit Investor Inspection 57

RIS Media

MAY 4, 2021

” Headquartered out of Salt Lake City, Cairn is a partnership between New York-based private equity firm Aperion Management and Davidson, a 30-year industry veteran who most recently served as a global chief executive officer of Century 21 Real Estate amid a 10-year run with Realogy. .

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Brokerage Branding Inspection Title 98

HomeLight

JUNE 19, 2023

Listed properties on LandWatch include: Hunting land Timberland Farms for sale Ranches for sale Development sites Home sites If you’d rather have help with sifting through all the possibilities for a match that fits your specific criteria, speak to a real estate agent. There are real estate agents who specialize in land plots.

Land 104

Land Proof of funds Purchase and sale agreement Title 104

McKissock

DECEMBER 28, 2021

Many homes have equity available, unlike the 2008 housing collapse. Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. Download our free guide on how to get the most out of your professional development. Top changes to look for in 2022. Paul, Minn.).

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Lending Residential Commercial Technology 96

HomeLight

OCTOBER 26, 2022

The Illinois Housing Development Authority (IDAH) focuses on helping individuals remain in their homes via its Home Accessibility Program (HAP). The Illinois Department of Commerce and Economic Opportunity supports low- to moderate-income communities with its Community Development Block Grant (CDBG) Housing Rehabilitation Program.

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Loans Equity Development Mortgages 77

HomeLight

MARCH 23, 2023

Fortunately, with guidance from the right Realtor®, you can still close a successful home sale that allows each spouse to walk away with the maximum amount of equity. Cash out equity to fund your new future As the divorce becomes final, you’ll need to find a way to finance your new single life. As a result, buyers are more cautious.

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Purchase and sale agreement Equity Sales Agents 91

HomeLight

MARCH 13, 2023

Although there are no required disclosures because the property is being sold as-is, there is an inspection period. Nerhood explains: “You’re still going to go through inspection because the buyer wants to know what they’re getting into. I get inspections on big-ticket items like the sewer and the foundation.

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Sales Purchase and sale agreement Due diligence Inspection 86

Realtor.com

JULY 22, 2021

” They found a new development next to a lake in Montgomery, about 90 minutes north of the city, where they could customize their yet-to-be-built home. He waived the inspection to make his offer more competitive, since his agent assured him everything looked good. “We thought this was the best compromise at the time.”

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Inspection Equity Agents Commercial 108

HomeLight

MARCH 31, 2022

Call a reputable local home inspector for an optional pre-listing home inspection to get ahead of any issues or necessary repairs. Not gonna lie, getting a house ready for sale can take a boat load of sweat equity, but you want to get the highest price, right? Development of a virtual tour. Get Estimate. Average Price Point.

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Purchase and sale agreement Title Inspection Agents 117

HomeLight

MAY 26, 2021

The Appraisal Institute , a global professional association of real estate appraisers, calls an appraisal “the act or process of developing an opinion of value.”. The difference between a home appraisal and a home inspection. Let’s brush up on the difference between two important terms: home appraisal and home inspection.

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Inspection Residential Due diligence Title search 89

Redfin

MARCH 2, 2021

Your home now represents pure equity; funds that could come in handy to pay for unexpected major expenses, medical bills, or any kind of financial emergency. But how do you gain access to some of that hard-earned equity from your home? A reverse mortgage is a loan based on the current paid-up value or equity in your home.

Mortgages 71

Mortgages Equity Loans Title search 71

HomeLight

MARCH 6, 2023

He explains that owning a house is the most constructive and easiest way to build wealth, and even if you pay more now, you are still building equity, and will likely enjoy significant tax benefits. Hayward: Buyers looking to get in on a developing neighborhood with lower prices will find that Hayward fits the bill.

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Closing Earnest money deposit Sales Title 82

Windemere Buying

NOVEMBER 1, 2021

Mortgage Payment There’s a give and take with mortgage payments—the more you pay down your home, the more equity you build. HOA Fees For those who are buying in developments governed by a homeowner’s association or are purchasing a townhouse or condo , you’ll likely have to pay HOA fees on top of your monthly mortgage payment.

Homeowner’s association 52

Homeowner’s association Closing costs Inspection Title search 52

HomeLight

JULY 29, 2022

Once the lender orders the appraisal and the assignment has been accepted, the appraiser will reach out to either the seller’s agent or the seller directly to schedule a time to inspect the property in person. It means you have agreed to pay the seller less than what the property is worth , so you have already built equity in your new home!

Purchase and sale agreement 79

Purchase and sale agreement Earnest money deposit Inspection Loans 79

HomeLight

JUNE 21, 2023

It does this by offering discounts through affiliated real estate agents, lenders, and title and inspection specialists, so you’re saving money while paying it forward. An average $50 savings on the home inspection. Program highlights Buyers save 0.7% of the purchase price, or $700 on every $100,000.

Loans 88

Loans Debt-to-income ratio FHA loan Closing costs 88