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Fannie Mae unveils $997M reperforming loan offering 

Housing Wire

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 The reperforming-loan sale is slated to close by late October 2022, after due-diligence period.

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What Legal Documents Will You Need for Buying a House? Here’s Your List

HomeLight

Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Dobbs works in Illinois, where buyer representation agreements are not common. This is why it’s so important to have a thorough home inspection conducted during the due diligence period of your purchase agreement.

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Buyer Beware!

Toronto Realty Blog

If you purchased a condo and the listing read, “525 square feet,” what would you take that to mean? In July 2020, Michael Mitchell and Richard Bowring listed their Mississauga bungalow for sale on the Multiple Listing Service (MLS). Is it 525 square feet per builder plan, ie. the one that measures from inside the walls?

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How to Get a Mortgage Loan: A Step-By-Step Guide for First-Timers

HomeLight

The principal and interest portion of your mortgage payment will never change (although the amount you pay into escrow for taxes and insurance can change). She also recommends finding a local lender in the area where you’re purchasing a home. Step 9: Do your due diligence. Step 4: Get preapproved.

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13 Tips For Buying a Rental Property in 2022

Norada Real Estate

Looking to purchase and profit from a rental property? However, it requires due diligence, on your part, to ensure you get the best return on your investment. Just like any business, purchasing a rental property to earn monthly income can be a bit risky too. What are the comparable rents and purchase prices?

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.