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MORE Seller Financing wants to debunk ‘the bad rap for wraps’

Housing Wire

Seller financing spans residential, commercial and land transactions, with residential making up 63% of all deals over the past three years, Note Investor reported. Ive helped a lot of divorcees who have terrible credit and people that are a few months out of bankruptcy get into a home. on its own. They just had life happen.

Finance 370
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3 Alternative Home Loan Options for People with Bad Credit

Rent, Buy & Sell

Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. FHA loans can also be obtained by people who have a bankruptcy or foreclosure on their record. Instead, they guarantee the loan by approving and insuring banks and lending institutions.

Loans 98
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Beverly Park’s Ultra-luxurious Villa Firenze Re-lists for $120 Million

Fancy Pants Homes

is once again trying to bank a $100+ million sale. Just one year after it sold at auction — banking a somewhat modest $51 million — the sprawling estate re-surfaced on the market with a $120 million asking price. The price point makes it the sixth-most-expensive residential listing in the Los Angeles area, Dirt reports.

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How to become a mortgage loan officer in 6 steps + Q&A about MLOs

Housing Wire

In addition, the NMLS will run a credit report where items like bankruptcies, tax liens, collection accounts, foreclosure, past due accounts, late child support payments and no credit history may be a red flag. This could be for residential or commercial property or even an empty lot of land.

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Warning: Housing Bubbles Tend to Burst. Here’s How Agents Can Prepare

The Close

One year later, in September 2008 when Lehman Brothers—the nation’s fourth-largest investment bank—filed for Chapter 11 bankruptcy, it signaled the start of the largest real estate crash of our lifetime. An REO agent represents banks and loan servicing companies to sell the homes that they foreclosed upon. That is, until 1837.

Agents 98
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Dearth of Credit Starves Detroit’s Housing Market

Realtor.com

Detroit is making a comeback after years of decline that led to a bankruptcy filing in 2013. By the time General Motors and Chrysler filed for bankruptcy reorganization during the financial crisis, many of Detroit’s blue-collar jobs were long gone. On the east side of the street, getting a mortgage to buy a home is a breeze.

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Ask Brian: When You Marry Someone Do You Marry Their Debt?

Realty Biz

Or what could be the consequences if she defaults on the mortgage or even has to declare bankruptcy? Debt recovery may include bank accounts and any real property you own, such as a home, land, or vehicle. For instance, it could get in the way of the two of you buying a house if you don’t already have one.