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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The report defines a critical defect as one that “would result in the loan being uninsurable or ineligible for sale.” According to the ACES report, the critical-defect rate declined from 2.47% in third-quarter 2022 to 1.67% in Q3 2023, the most recent data available.

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Risk of mortgage fraud is on the rise in the current market

Housing Wire

Hill also was accused of defrauding his employer out of $480,000 in sales commissions. He later found himself the target of a federal investigation that alleged the criminal conspiracy he engaged in resulted in more than $21 million in fraudulent mortgage loans being originated, many insured by the FHA. Million — [Tampa, Florida]. Petersburg.

Mortgages 395
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What is a Seller’s Disclosure? Here’s Why It’s Important

Redfin

How a seller’s disclosure can impact a home sale. Missing items: The seller needs to list any items that will be removed after the sale, such as refrigerators or lighting fixtures. . There are several circumstances in which a buyer may not receive a seller’s disclosure – this is known as a “no seller’s disclosure sale.”

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Working Distressed Properties: How to Navigate and Win in This Evolving Market

HomeLight

Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Today, she has sold more than 4,000 homes total and around 2,500 of those have been foreclosures or short sales. I believe it’s gonna be a short sale market personally, until next year. Links and Show Notes. Auction.com.

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Should I Get an Online Quote to Sell My House?

HomeLight

If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest. You may be curious about getting an online quote for the sale of your home. HomeLight’s Simple Sale platform allows you to maximize the value of a quick home sale. Request Offer.

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

To avoid a closing delay or, even worse, the sale falling through, it’s essential to be upfront and honest with your loan officer. The home appraisal is lower than the sale price. A common contingency is the home sale contingency, which means the buyer’s offer is contingent upon selling their current home.

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Passive Income Ideas: 25 Ways To Earn More Money In 2020

Marco Santarelli

This eliminates high-pressure sales by investment groups and the emotional appeal of aiding a friend who wants to buy a house. If they are sued or go into bankruptcy, you’re joined at the hip as their business partner. If ever that company files for bankruptcy, they have to settle their liabilities first before anything else.

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