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Nevada Democrat calls on FHFA for transparency in home purchases by institutional investors

Housing Wire

Susie Lee (D) has called on Federal Housing Finance Agency (FHFA) Director Bill Pulte to offer transparency when out-of-state landlords purchase foreclosed single-family homes. This is further complicated by the vast swaths of federal land in Nevada that federal lawmakers and other officials want to see repurposed for housing.

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28 real estate niches brimming with potential

Housing Wire

Agents looking to specialize in an outdoor amenities niche might consider: Lakefront homes Mountain homes (think: the Adirondacks) Oceanfront or beachfront property Ski/Snowboarding resort properties (think: Whistler or Aspen) Farmland Vacant land Properties in these niches may have unique property taxes, zoning or development regulations.

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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

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Buying Foreclosed Homes for Dummies in 11 Steps Even You (Yes, You!) Can Do

HomeLight

Mary Stewart in Sugar Land , Texas, is in the top 1% of agents in her area for successfully selling homes. Real-estate owned (REO) homes. A real estate-owned (REO) home has been put up for sale at a foreclosure auction — but it didn’t sell. Step 3: Figure out your financing.

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12 profitable real estate niches to explore now

Real Trends

Agents might want to focus on wealthy buyers or investors in private property or commercial real estate with or without investment property loans. Another possible niche is buyers who need creative financing, such as rent-to-own financing or owner financing.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

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. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). Financing a HUD home. What is HUD?

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Warning: Housing Bubbles Tend to Burst. Here’s How Agents Can Prepare

The Close

Unlike the million-plus real estate licensees that left the business, I pivoted to working with distressed homeowners and became a Real Estate Owned (REO) agent. At this time, Abraham Lincoln was a young man living in Springfield, Illinois, and working as a land surveyor. I was fortunate.