Remove As-is Remove Bankruptcy Remove Closing costs Remove Sales
article thumbnail

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. It’s not an investment.”.

Loans 543
article thumbnail

The ‘Should I Do it?’ Guide to Selling a House ‘As Is’

HomeLight

If you want to sell your home, but it has large issues you don’t have the time, money or desire to fix, you may consider listing your house for sale “as is.”. In this guide, we’ll walk you though what an “as is” sale really means — and what it doesn’t. An “as is” sale is pretty self-explanatory, but it comes with a few caveats.

As-is 116
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Selling a House ‘As Is’ in North Carolina

HomeLight

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Median sales price in North Carolina. Real estate attorneys are considered essential for closing in the state of North Carolina. Sell 'As Is' With a Cash Offer.

As-is 81
article thumbnail

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 65
article thumbnail

RESPA enforcement is back — are you ready?

Housing Wire

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. And the market has gotten much darker over the last few years. But that comes with some caveats.

article thumbnail

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. The mortgage loan process is pretty messy! It’s easy to forget an important document when you’re busy looking at houses and figuring out which one best suits your needs and budget. Identification. Source: (NATNN / ShutterStock).

Loans 103
article thumbnail

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

HomeLight

Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. But other than reaching the closing table faster with cash, another advantage to a cash offer is that it saves you money long-term. A cash sale: Start to finish.