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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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Pre Approval vs Pre Qualified vs Underwritten Pre Approval: What’s It All Mean?

HomeLight

Do you know the difference between pre approval vs pre qualified when it comes to mortgage loans? Marcus Rittman, director of mortgage operations at HomeLight Home Loans, has seen that “the catalyst for most homeowners wanting to get approved for a mortgage is finding a home that they love.” Don’t let that be you!

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Preparing to Get Pre-Approved For a Mortgage

Realty Biz

Mortgage pre-approval is an essential step when buying a house. During pre-approval, lenders carefully evaluate your financial information, including income, assets, credit history, and other relevant details. How long it takes for lenders to give mortgage pre-approval can vary from a day to a week.

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The Best Mortgage Blogs From 2017 | Advice For Home Financing

Rochester Real Estate

Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! Below you’re going to find some incredible recaps of home financing and mortgage blogs that have been published during 2017. Have you tried calling a bank on a Saturday night to get a pre-approval letter?

Finance 52
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5 Tips for Scoring New Listings in a Low-Inventory Market

Lab Coat Agents

For example, real estate data tools like PropStream let you zero in on motivated seller leads with various situational filters: bankruptcy, divorce, failed listings, liens, pre-foreclosure, tax delinquency, and more. Find Motivated Sellers First Identifying motivated sellers before competitors is another way to stand out.

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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. Remember, developers can start pre-sales before they have a final design or approval, and of course, they can always change the design.

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Mortgages with Low Credit Scores - Your Guide to Affordable Home Financing

Realty Biz

Let's delve deeper into these topics to guide you towards an affordable home financing solution. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. For example, you can get approved for an FHA loan with very low credit scores.

Finance 96