Marco Santarelli

MAY 2, 2024

months of national housing supply (NAR) Pre-2008 Crash: A significant surplus of foreclosed homes flooded the market Guarding the Gates: Stricter Mortgage Lending Another crucial safeguard against a crash is the significant tightening of mortgage lending standards since 2008. Data Spotlight: Inventory Levels March 2024: 3.2

Pre-approval 52

Pre-approval Marketing Lending Mortgages 52

Housing Wire

NOVEMBER 13, 2023

In Florida, getting licensed as a real estate agent begins with the completion of an approved 63-hour Sales Associate prelicensing course. Final Exam: In order to earn your FREC Approved 63-Hour Real Estate Prelicensing Education Certificate, you need to take and pass a course final exam.

Purchase and sale agreement 441

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Housing Wire

NOVEMBER 30, 2023

A state-approved real estate school in Illinois, the CE Shop is constantly updating its course material to stay on top of industry changes. Visit Website Overview According to Net Real Estate School, it offers the lowest priced state-approved education in Illinois. What’s more, students have a higher than average pass rate of 64%.

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Housing Wire

FEBRUARY 11, 2022

Just before a customer buys a container of pre-made Borscht, they see Naumovych’s business cards and flyers that lay neatly near the checkout area. The pastor of the Ukrainian church is currently looking to buy a house and I’m working on his pre approval.”.

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Realtor.com

DECEMBER 20, 2021

“Then ask each of them how much down payment you’ll need for pre-approval for a mortgage.” Then, after the pre-approval applications are processed, lenders should tell you what programs you’re eligible for. an agent with Century 21 Envision in Upper Marlboro, MD.

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Kyle Handy

APRIL 8, 2023

Each aspiring agent must complete 180 classroom hours of pre-licensing education covering real estate finance, contract law, and real estate principles. Required Courses To become a real estate agent in Texas, you must complete 180 classroom hours of pre-licensing courses approved by TREC.

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Housing Wire

AUGUST 23, 2023

Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. I’ve gone through extensive coaching and professional development,” he said.

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Realty Biz

FEBRUARY 16, 2024

You need to finish a state-approved pre-licensing real estate course. In addition, the state can request to attend approved real estate courses every few years. Complete a pre-licensing education (varies from state to state but usually lasts around 135 hours) and pass a state licensing exam. Now comes the real challenge!

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Pre-qualification Pre-approval Property Management Residential 86

Realtor.com

JULY 9, 2021

The couple lived in a third-floor apartment with their two children in a pre-war building they loved on Manhattan’s Upper West Side. We kept it in the pre-war style of the building, so we maintained its spirit, but everything is modern and new.”. Figure out the finances. Combining apartments is a complicated process.

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Housing Wire

APRIL 18, 2023

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. But there have been rough points for the lender recently, too. We still do a large percentage of manual underwrites.

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Housing Wire

FEBRUARY 8, 2022

Bill Bymel, managing director at Spurs Capital , an investment manager specializing in distressed mortgages, said that about 15% of the overall portfolio during the pandemic contained non-communicative borrowers, up 50% compared to the same pool of borrowers pre-COVID. Still, monthly foreclosures were half the pre-pandemic levels. “We

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Realty Biz

AUGUST 19, 2022

Find a Real Estate Pre-licensing Course. In some states, agents get pre-licensing training courses at a state-approved school. Pre-licensing courses teach real estate, ethics, legal matters, taxes, finance, contracts, and insurance. To get a real estate broker license, they must take pre-licensing courses.

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Kyle Handy

MAY 5, 2023

To summarize: Age : Must be 18 years old or older Residency : Legal US resident or lawfully admitted alien Background : No disqualifying criminal history Once you meet these basic requirements, complete the necessary pre-licensing courses, submit the required documentation, and pass the California real estate exam.

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HomeLight

FEBRUARY 12, 2021

Department of Housing and Urban Development (HUD) created the Federal Housing Administration (FHA) loan program in 1934 to help more Americans afford houses with government insured home loans that are easier to qualify for than most conventional loans. Defective paint surfaces in homes constructed pre-1978. A leaking or worn out roof.

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FHA loan Loans Pre-approval Pre-qualification 109

HomeLight

AUGUST 31, 2021

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.

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Pre-approval Short sale Banks Finance 97

Toronto Realty Blog

JANUARY 22, 2021

Last week, when our in-house legal counsel told us about a recent ruling with respect to the developers of Museum FLTS , I said this aloud. Let’s rewind… Back in October of 2017, a pre-construction, stupidly-named “Museum FLTS,” was cancelled. Often under my breath, or often to somebody I’m talking to.

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Purchase and sale agreement Pre-approval Development Construction 54

The Close

SEPTEMBER 10, 2020

The motivation of this first strategy is to gain clarity on the seller’s wants and needs, and also to develop rapport with the listing agent. Make Sure You Have a Proper Approval Letter From a Reputable Lender. For most sellers, the fear of a buyer’s financing falling through and not getting to the closing table.

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Housing Wire

NOVEMBER 30, 2021

Chris Guidici, managing director of business development at Illinois-based TPR firm Wipro Opus Risk Solutions , said “there’s definitely been a shortage of underwriters,” adding that has resulted in a lot of flux and shifting in personnel across firms. Are we planning to double the size of the firm every two years? Probably not.

Due diligence 410

Due diligence Mortgages Loans Residential 410

Kyle Handy

MARCH 15, 2023

The courses include pre-licensing, post-licensing, continuing education, and exam prep courses. Additionally, the school partners with McKissock Learning, which offers more than 100 hours of professional development courses for real estate agents. The CE Shop Coming in third on my list is The CE Shop. Guam, and Puerto Rico.

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Pre-approval Agents Inspection Industrial 52

HomeLight

JUNE 28, 2021

From bidding to buying to financing to special incentives — we’re talking all things HUD homes to help you decide if this property type fits your financials and lifestyle. Department of Housing and Urban Development , a government agency first created by President Lyndon B. Get pre-qualified with a mortgage lender. What is HUD?

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Pre-approval Pre-qualification FHA loan Inspection 94

Redfin

MARCH 25, 2021

Get pre-approved for a home loan. It’s always wise to seek a mortgage pre-approval before you start searching for a house. When you’re buying in a seller’s market, that pre-approval is essential. As a buyer, this can be a little risky considering you could have to scramble to find financing.

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Realty Biz

NOVEMBER 10, 2022

To become a real estate agent, you must complete pre-licensing training courses in an approved school. This training will teach about contracts, legal issues, finance, insurance, taxes, and ethics. Training courses approved by their state need to be completed, which can take weeks. It is different in other locations.

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Pre-approval Brokerage Agents Property Management 79

Realtor.com

JANUARY 2, 2023

“It’s true, on the average, that new homes of similar sizes historically outprice pre-owned by about 16%,” says Stephen Haines , president of Artisan Built Communities. “Depending on the age of the pre-owned homes, one should understand the remaining life expectancy of these components,” says Haines.

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Redfin

AUGUST 21, 2020

First, you’ll need a lender’s pre-approval for a mortgage to know the price range you can afford on a house. A real estate agent has developed good strategies to learn more about what might be going on with a seller, so try and find out why they are selling and how quickly they’re looking to move.

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RIS Media

APRIL 25, 2021

– Explain the importance of being pre-approved for a mortgage from the seller’s perspective. As in the previous situations, it’s a good idea to have the buyer pre-approved, if he or she needs financing, prior to beginning a search. . – Make sure buyers use common sense, rather than emotions.

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Pre-approval Closing Staging Agents 107

Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. On the buyer’s side, if a property’s appraised value is lower than the contract’s value, the mortgage may be declined; the mortgage may be approved if the buyer contributes cash up-front (to make up for the difference in value). Financing fallout.

Sales 60

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RIS Media

SEPTEMBER 2, 2020

. “My ex-husband and I—both Black and dressed in our military uniforms—were looking for a home in a new development where we encountered an agent who sat behind a desk and let us walk through the model that was available,” recalls Willis. At the same time, three white couples arrived.

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Realty Biz

JANUARY 13, 2024

Are there any upcoming developments or plans affecting the property's value? Include any contingencies or conditions that are important to you, such as inspections, financing, or appraisal contingencies. What are the potential long-term benefits and drawbacks of the properties I'm interested in?

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Redfin

JUNE 14, 2023

The city’s diverse neighborhoods offer a range of affordable suburbs , from historic districts like Fisher Park to modern developments in the suburbs. Prioritize your finances Getting your finances in order is crucial for the homebuying process in North Carolina, as it sets the foundation for a smooth and successful transaction.

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Pre-approval Debt-to-income ratio Closing costs Title 58

Windemere Selling

SEPTEMBER 18, 2019

#2 Get pre-approved Before getting serious about your hunt for a new house, you’ll want to choose a lender and get pre-approved for a mortgage (not just pre-qualified—which is a cursory review of your finances—but pre-approved for a loan of a specific amount).

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Pre-approval Principal Closing costs Inspection 52

Housing Wire

JUNE 22, 2023

These funds can be utilized to consolidate debts or finance home improvement projects. This approach allows The Loan Store to offer same-day approvals and HELOC funding in as little as three business days after final approval. The TLS HELOC has a fully online application process, underwriting system, and valuation model.

Loans 370

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Realty Biz

AUGUST 29, 2023

Managing Your Budget and Financing Options Understanding the Mortgage and Loan Process When building a new house, it's crucial to understand the mortgage and loan process clearly—research different lenders and loan options to find the best fit for your financial situation. Prioritize your needs versus wants and allocate funds accordingly.

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Housing Wire

DECEMBER 29, 2023

With so many approved, online options to choose from, we’ve pinpointed the best online real estate courses in New York using criteria that matter most to you: flexibility to fit your schedule, a price that fits your budget, and a course that’ll prepare you to ace the exam and start your new career with confidence and industry savvy.

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Toronto Realty Blog

NOVEMBER 13, 2023

” Peter the Landlord prepares for closing at the end of October, and Bob the Buyer obtains his mortgage approval, provides notice to leave his rental property, begins to purchase furniture for the new condo, books a moving truck, and tackles a half-dozen other tasks that are required in order to close on the purchase, and move into the condo.

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Purchase and sale agreement Residential Closing Pre-approval 107

McKissock

FEBRUARY 10, 2023

Invest in your professional development with one-hour, non-credit webinars presented by experts. Figure out when you can retire Before you meet with your adviser, estimate how much pre-tax income you (and your spouse and children still at home, if any) will need to live on in your retirement. View Pro-Series webinars. your SS income.

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Redfin

FEBRUARY 5, 2021

Mortgage lenders – credit unions, banks, and private mortgage companies – must meet requirements developed by the Consumer Financial Protection Bureau (CFPB) to ensure fair and transparent treatment of borrowers. To treat you fairly, lenders also need to protect their interests with a robust approval process before they can fund your loan.

Mortgages 74

Mortgages Pre-approval Loans Banks 74

The Close

AUGUST 10, 2023

A well-written real estate buyer questionnaire helps agents establish their credibility and build the rapport they need to develop relationships with them. Here’s an example pitch you can use in a pre-meeting email or text message: copy to clipboard Hi {lead’s name}, Before we have coffee tomorrow, please review the attached questionnaire.

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