Housing Wire

APRIL 18, 2023

PunchListUSA , a real estate technology platform digitizing home inspection data, has named Stefan Pampulov as its chief product and data officer. In 2022, the firm secured an oversubscribed $39 million Series A funding round, bringing the total equity capital to $49 million since its inception.

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Inspection Technology Investor Development 344

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

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FHA loan Renovation Equity Loans 317

Housing Wire

OCTOBER 14, 2020

Inspex is a new, DIY home inspection and valuations app that empowers lenders to provide their customers with a simple, contactless option. Not just a photo-collection tool, Inspex significantly reduces inspection wait times by as much as 50 percent – improving the experience for everyone. Inspex TM by Xome. Product Fast Facts: #1.

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Inspection Lending Equity As-is 330

RIS Media

JULY 8, 2021

HomeTeam Inspection Service of Kentuckiana Owner Brad Lawler explains why potential buyers should never skip a home inspection, even when housing inventory is scarce. “Waiving an inspection can open a buyer up to unforeseen costs down the road that could have otherwise been avoided.” ” 2. .”

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Inspection New Construction Closing Equity 98

Lighter Side of Real Estate

AUGUST 24, 2022

It’s an industry joke that some buyers request the seller to repair even the most minor issue found on a home inspection, like a leaky faucet for example. Even if the buyers did have an inspection, sellers could easily reply with a firm no, and the buyers would be fine with it. Are they all due to home inspection issues?

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Inspection Equity Finance As-is 97

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.”.

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Equity Inspection Real-estate owned Residential 378

Housing Wire

OCTOBER 29, 2021

HousingWire recently spoke with Dave Steinmetz, Division President of Origination Services for ServiceLink, on what tools lenders should leverage to streamline home equity title and closing. A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers.

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Title Title search Equity Inspection 299

Housing Wire

DECEMBER 14, 2022

In October, the company added more than 275 subcontractors that complete inspections, preservation and yard/snow services to its network. In terms of 2022 as a whole, Safeguard has added more than 4200 people working at the numerous preservation, lawn service, inspection and various trades that are part of the company’s network.

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Inspection Technology Equity Investor 366

Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. In August, the company received a strategic investment by the private equity firm Novacap to accelerate its growth plan.

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Title Technology Inspection Closing 370

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Inspection Technology Loans Mortgages 404

Housing Wire

APRIL 13, 2021

Private equity firm Gridiron Capital has acquired Michigan-based appraisal management company Class Valuation from another private equity player, Narrow Gauge Capital , the firms said in a statement on Friday. Gridiron , which closed a $1.35 It would appear a good fit with Class Valuation, a fast-growing AMC with a technology bent.

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Technology Inspection Equity Industrial 273

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. They are hired to ensure that the lender has adequate equity to cover the amount borrowed should the lender be required to take the home back. What is a Home Inspection?

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Inspection Lending Equity Agents 52

Housing Wire

JULY 20, 2023

No rehab for them and no inspection woes for you. They may have a downpayment saved that isn’t their home equity. They might use a bridge loan to borrow their equity, close on the next home and then sell the old one. Nationwide, inventory is at all-time lows. Builders are closing loans in the 4.5 range currently!

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Equity MLS Construction Agents 282

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be. I’ll explain later.)

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Agents Seller concession Closing costs Mortgages 397

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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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. Emails are easily forgotten, end up in the spam folder, or are never opened at all — but a letter in the mail ensures you occupy your audience’s mindshare for much longer. Great news! Your neighborhood is hot!

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Brokerage Investor Agents Pre-approval 360

Housing Wire

OCTOBER 1, 2022

There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both. Due to the consistent rise in home prices, homeowners typically do have equity in their home distressed sales are not common today. In comparison, in 2011, homes took 96 days to sell. .

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Marketing Inspection Sales Lending 388

HomeLight

JANUARY 31, 2024

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Inspection contingency: This gives the buyer the right to have the property inspected within a certain timeframe. We’ll also share how you can make a strong offer with fewer contingencies.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 100

HomeLight

FEBRUARY 6, 2024

Start Making Offers Without Waiting to Sell Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. ” These include: Inspection contingencies: This allows the buyer to have the home inspected within a certain timeframe.

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Inspection contingency Home sale contingency Inspection Finance 104

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.”. This friend, “placed some of her own family photos, depicting her white family” around the house “prior to the inspection.”. Messages left with Miller and AMC Links on Monday were not returned.

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Development Inspection Equity Mortgages 387

HomeLight

SEPTEMBER 30, 2020

That, or you’ve heard horror stories about the seller who attracted a great offer only to get taken to the cleaners over the inspection. With the average buyer negotiating $14,000 in savings from the inspection , your concerns are valid. Under the inspection contingency, the buyer asks you to repair it (even though you listed as is).

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As-is Inspection contingency Inspection Investor 73

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale. How do short sales work?

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Short sale As-is Purchase and sale agreement Sales 95

HomeLight

MARCH 28, 2024

Get Estimate Home appraisal overview: Determining your home’s value In technical terms, a home appraisal involves hiring a professional certified by your state to conduct a comprehensive inspection of your property to assess its value. The housing market is constantly changing, and property values can shift quickly.

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Inspection Lending Equity Technology 104

CT Homes

MARCH 7, 2024

The Role of Equity Equity is the portion of your home that you truly “own” — the difference between your home’s market value and the outstanding balance of your mortgage. It’s a widespread belief that a mortgage chains you to your property until every last penny is paid off.

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Purchase and sale agreement Mortgages Equity Short sale 78

HomeLight

DECEMBER 30, 2023

Inspection contingency: This contingency clause allows the buyer to have a professional inspection of the property and then decide whether to move forward with the purchase. Searching for a home to buy can be a time of excitement and anxiety. You wonder, what’s the difference between under contract versus pending?

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Home sale contingency Purchase and sale agreement Inspection contingency Inspection 102

HomeLight

JANUARY 3, 2024

The inspection contingency allows time for a thorough inspection by a third party to catch any issues — minor and major — with the home that the buyer should be aware of. For example, if the inspection reveals the roof needs to be fully replaced, the buyer may ask the seller to lower the price or have it replaced before proceeding.

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 100

Housing Wire

JANUARY 14, 2022

Cignarale noted signs of cooling off, including some properties appraising for lower than expected and once desperate buyers no longer waiving home inspections. In November, Rochester’s median home sales price was $154,838, according to Redfin , less than half of the national median that month of $335,519. That median sales price is up 3.8%

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Agents Inspection Marketing Equity 404

Housing Wire

SEPTEMBER 22, 2023

Borrowers everywhere are seeking new ways to tap into their home equity. To help homeowners explore their home equity options, lenders, investors and others in the industry should consider leveraging tech-backed services. The AAR consists of an onsite property inspection completed by a local and licensed real estate agent or broker.

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Equity Inspection Technology Residential 386

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. Some of them have boots on the ground [and] feet on the street. Fairway H4P: differentiation through speed. Dan Hultquist.

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FHA loan Due diligence Loan Officer Loans 350

Housing Wire

OCTOBER 9, 2020

” For Gary Malis, chief financial officer of Paramount Residential Mortgage Group , the complexities in modeling right now are dizzying, especially when accounting for servicing and PIWs (property inspection waivers). . “This is where the rubber hits the road between the lender, the investor and the policy maker.”

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Marketing Banks Investor Technology 370

Realty Biz

OCTOBER 21, 2023

By overcoming obstacles and maximizing profitability, spec house builders can turn their vision into a successful reality in real estate. What is a Spec House? The definition of a spec house is straightforward. A spec home is a newly constructed residential property built by a developer or builder without a buyer already in place.

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Loans Finance Construction Commercial 108

Realty Biz

MARCH 13, 2024

A lot of new buyers just eager for their new lives often miss some crucial steps during the buying process such as undergoing complete pre-purchase home inspection and understanding mortgage terms fully. Landing your first home is a thrilling and scary experience, especially if you are a newbie in the real estate industry.

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Pre-approval Inspection Mortgages Finance 67

HomeLight

MARCH 27, 2024

If you lack the resources for repairs, need to access the equity in your home immediately, or simply need to dispose of the property, these companies could be the answer. Schedule a visit: The company will likely want to inspect your property to assess its condition and finalize their offer. No showings, no repairs, no open houses.

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Inspection Equity Closing Sales 62

RIS Media

JULY 19, 2021

The loan process, title work, inspections, research and stress is like having a part-time job while you are in the middle of it! The loan process, title work, inspections, research and stress is like having a part-time job while you are in the middle of it! Generational wealth is determined by land ownership. Easier Said Than Done.

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Loans Loan Officer Equity Inspection 98

CT Homes

SEPTEMBER 29, 2022

the appraiser’s analysis of the home, and the appraiser’s overall judgment of the property they are inspecting. the appraiser’s analysis of the home, and the appraiser’s overall judgment of the property they are inspecting. But what is a home appraisal, exactly? What is a Home Appraisal? How Much is a Home Appraisal?

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Inspection Equity Loans Lending 87

Realtor.com

FEBRUARY 11, 2021

One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. Closing costs are used to pay for items such as appraisals, inspections, and much more. But there’s more to consider. based in Troy, MI. You can also use the realtor.com®

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HomeLight

JANUARY 22, 2024

There are several reasons, which can range from a sudden change in circumstances, to the seller needing to access the equity in their home without making repairs. There are several reasons, which can range from a sudden change in circumstances, to the seller needing to access the equity in their home without making repairs. “It’s

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As-is Inspection Finance Investor 96