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Warehouse lenders stung by FGMC’s bankruptcy

Housing Wire

Recent pleadings filed in the bankruptcy case of First Guaranty Mortgage Corp. FGMC and its affiliate, Maverick II Holdings LLC , on June 30 filed to reorganize under Chapter 11 bankruptcy protection. Samples reveals in his declaration that FGMC was hemorrhaging cash just prior to filing for bankruptcy protection — posting a $23.3

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What Causes Pre-Construction Condo Cancellations?

Toronto Realty Blog

These are in no particular order, other than what I think of when I really question why a condominium project might be canceled in Toronto… – 1) Zoning and approval. If you close your eyes and picture the northwest corner of Bloor and Dundas in Roncesvalles, what do you see? I see a leopard. It’s a giraffe. .”

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Understanding the Short Sale Process

CT Homes

A short sale, commonly also known as a pre-foreclosure sale, is a transaction within the real estate industry refers to a sale that occurs when a financially struggling homeowners sells their property for less than the original amount due on the mortgage. This is essentially the lender agreeing to accept less than the principal amount owed.

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Seven Predictions for 2023: The Grime Edition

Notorious ROB

I could imagine a world where a Zillow Advisor gets the buyer pre-approved through ZHL (as well as upselling any other services) before connecting her to a Premier Agent. Horton , the country’s largest single-family home builder based on closings, expects to generate $700 million in revenues from rental property sales in 2022 alone.

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