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Exploring Alternatives to Bankruptcy: Financial Options for Homeowners

Realty Biz

If you’re struggling financially and unable to pay your bills, you may have considered filing for bankruptcy. Filing for bankruptcy gives you a fresh start, but it stays on your credit report for up to 10 years — resulting in consequences for years to come. However, there are risks to using home equity for debt repayment.

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The 2022 housing market: A tale of two halves

Housing Wire

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC).

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Rocket lost money last year, so why are its shares up?

Housing Wire

To the extent that you can get loans off your balance sheet faster, it lowers your financing costs. In 2023 alone, the mortgage industry saw a total of 62 merger and acquisition transactions, lender exits and bankruptcies. of the purchase loan amount when using a real estate agent from Rocket Homes to find a property.

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Appraisal Definition: How Your Home Value is Determined and Why

HomeLight

To provide you with the best definition of a home appraisal, who performs a home appraisal, and how it must be done, we spoke with top Florida real estate agent Joe LoCicero , who sells more than 22% faster than average agents in his area, and Diana Benson, owner and operator of Benson Appraisals in Gilbert, Arizona.

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How to Clear a Tax Lien Against Your House So You Can Sell It

HomeLight

This means that you cannot sell your house and pocket any equity from the sale until that tax lien debt is satisfied. Wenatchee, Washington-based real estate agent J. As that tax debt piles up, it’ll swiftly eclipse any equity that you’ve built up in your home. What is a tax lien on a home? Source: ( IRS ).

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Should You Get an FHA Loan?

Realty Biz

From finding the right agent to work with , to sorting through listings until you find your dream home, to figuring out innovative ways to keep your costs down , to outbidding all the other buyers in 2021’s red hot market, it’s easy to overlook one of the most important (and most nerve-wracking) aspects of buying a home — the financing.

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7 Critical Parts of Every Real Estate Investment Business Plan

The Close

Wholesale real estate investing is a good choice if you’re looking for short-term opportunities to break into the investing industry by leveraging your existing skills as an agent. Many novice investors think they can just contact a local agent and select from the properties that are available in the MLS. These are good exit points.