HomeLight

OCTOBER 20, 2021

Whether you sell your home FSBO (for sale by owner) or with the help of a top real estate agent , you will enter into a purchase agreement that will come from the buyer or buyer’s agent. Missteps or misunderstandings in this important contract can delay the sale of your home or even box you into a bad deal.

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REM Online

JUNE 20, 2021

The original post can be found at the following URL: Buyer’s failure to waive conditions nullifies Agreement of Purchase and Sale. Buyers should not assume that communications with a seller during the conditional period will extend the deadline or require a seller to accept unilateral demands for amendments to the agreement.

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REM Online

FEBRUARY 11, 2021

The original post can be found at the following URL: Mitigation of damages when an Agreement of Purchase and Sale is breached. The original post can be found at the following URL: Mitigation of damages when an Agreement of Purchase and Sale is breached. In Madison Homes v.

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Housing Wire

JUNE 28, 2022

Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the i na ugural offering in 2015. The post Fannie Mae finalizes first nonperforming loan sale of the year appeared first on HousingWire. BofA Securities Inc.

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Housing Wire

JUNE 14, 2022

Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2 The transaction, which represents Fannie Mae’s first nonperforming loans sale this year, is slated to close July 27. Terms of the sale were not disclosed.

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Loans Purchase and sale agreement Sales Mortgages 341

HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

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REM Online

AUGUST 24, 2021

The original post can be found at the following URL: Fulfilling purchase agreements in good faith. First, what duties do sellers owe purchasers when damage to a property may be substantial and second, what constitutes substantial damage to property? Zhuoqi, Ontario’s Superior Court of Justice addressed two complex issues.

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REM Online

APRIL 19, 2021

The original post can be found at the following URL: When are buyers entitled to rescind a purchase agreement? While the discovery of incorrect descriptions as to the size of a property or unpermitted renovations may allow a buyer to terminate a purchase transaction, that is not always the case.

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Housing Wire

AUGUST 10, 2022

Rising interest rates have crimped loan production for virtually all mortgage lenders as more and more borrowers are forced to forestall home purchases or have no incentive to refinance. The sale of MSRs does not directly impact earnings as a revenue stream, given the MSRs are already accounted for as assets on the balance sheet.

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Realty Biz

OCTOBER 8, 2022

Did you know that there are different types of real estate listing agreements? When selling a home, it’s essential to know the different listing agreement options that are available to you. Understanding the various listing agreement contracts can help you strike the best deal for your home and protect your rights.

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Realty Biz

AUGUST 22, 2022

In a few short weeks, the market has gotten much softer in this neighborhood and I’m not even sure the house will appraise for my purchase offer. I’m thinking this could be my way to get out of the purchase agreement so that I can wait a few more months until prices come down further. Now I have buyer’s regret.

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HomeLight

AUGUST 4, 2022

You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the next home to be built , or to let your children finish the school year. What is a rent-back agreement?

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Housing Wire

FEBRUARY 23, 2023

Fighting against unfair fee agreements Recently, there has been an increase in the filing of unfair real estate fee agreements in property records, so-called Non-Title Recorded Agreements for Personal Services (NTRAPS). As an industry, we united against these unfair fee agreements.

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Toronto Realty Blog

JANUARY 27, 2023

Let’s say that your home in listed for sale and you receive an offer, but the offer has a condition. If you want to work with the buyer and their offer but you’re a little weary of tying the property up for so long, then you insert an escape clause that allows you to potentially get out of the agreement.

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HomeLight

APRIL 19, 2022

Gone are the days where a simple handshake could solidify a working agreement between a buyer and their real estate agent. Instead of a handshake, buyer’s agents are presenting homebuyers with a document called a “buyer broker agreement” — and you might not know what that is! Buyer-broker agreements, explained.

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Windemere Buying

NOVEMBER 21, 2022

The following homeownership agreements provide alternatives to a traditional home purchase. Rent-Back Agreement. A rent-back agreement (also known as a sale lease-back) is tailor-made for homeowners who are buying a home while selling their current one. 7 Signs You’re Ready to Buy a Home. Joint Tenancy.

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Housing Wire

MARCH 7, 2022

Worldwide sales of non-fungible tokens, better known – of course – as NFTs, catapulted from $94.9 For example, purchasing an NFT of a JPEG of a painting transfers the intellectual property rights of the painting. But Ethereum was the first with a blockchain that enabled NFT sales. That’s when a 70-year-old brick home in the St.

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Realty Biz

SEPTEMBER 19, 2022

Question from Ellie in ID: Hi Brian, We had a purchase offer accepted more than four months ago but it hasn’t closed yet. If you’re having second thoughts and want to back out of an accepted purchase offer, things can get complicated. When you sign a purchase agreement for real estate, you’re legally bound to the contract terms.

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Realty Biz

JULY 17, 2022

Kick-Out Clause vs. Home Sale Contingency. When the real estate market favors sellers home sale contingencies almost become extinct. In hot markets there would never be a need for a seller to even considered a home sale clause. Most real estate agents would laugh at the thought of seeing an offer with a home sale contingency.

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Maximum Exposure Real Estate

JUNE 12, 2022

Most purchase agreements are contingent on which two items? Another way of asking the question is, which are the two most important types of contingencies in an offer to purchase? The post The Two Most Common Contingencies in Real Estate Sales appeared first on Maximum Real Estate Exposure. Do you know the answer?

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Realtor.com

AUGUST 17, 2022

Does a buyer’s agent agreement guarantee that your real estate agent is paid a commission? This question may come up in situations where you’ve hired a buyer’s agent to help you purchase property, but things don’t go quite as planned. Buyer’s agent agreements: What they mean for home buyers.

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Housing Wire

MAY 12, 2022

billion in proceeds from those MSR sales — with UWM accounting for $871.8 That rising value, in turn, can make sales of MSRs a lucrative option for supplementing otherwise dour revenue streams. Additionally, on March 31, 2022, [UWM] entered into an agreement to sell MSRs with an aggregate UPB of approximately $16.1

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Mortgages Sales Purchase and sale agreement Loans 335

Housing Wire

APRIL 27, 2022

“Gain on sale revenue was under significant pressure throughout the quarter as the velocity of the increase in mortgage rates rose at the fastest rate this century,” Alessandro DiNello, president and chief executive officer of Flagstar Bancorp, said in a statement. from the prior quarter, to $53 million. billion in Q1 2021 to $5.7

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Housing Wire

JUNE 9, 2022

Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million.

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Real Trends

JANUARY 5, 2023

A new Redfin report says home sales fell 35.1% year over year in November, the largest drop in sales since 2012. Redfin attributes this seasonally adjusted fall in home sales to the surge in mortgage rates in early November, but the report also predicts demand will be restored as rates decline. home-sale price rose by 2.6%

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Sales Purchase and sale agreement Mortgages Marketing 92

REM Online

NOVEMBER 15, 2021

The original post can be found at the following URL: Buyers bound to agreement negotiated by family friend. The original post can be found at the following URL: Buyers bound to agreement negotiated by family friend. The following content may have been republished here without the author's permission. Yang, 2021 ONSC 6786 (CanLII).

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Housing Wire

JANUARY 26, 2023

California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country. APM bought assets that include about 25 branches from the Minnesota retail lender Lend Smart.

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Housing Wire

AUGUST 12, 2022

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. The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. billion — or a bit more than half of the RPL sales by loan count and $5.7 billion.

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Housing Wire

OCTOBER 6, 2021

The loss was primarily driven by a “decrease in overall funding activities in the mortgage market” that resulted in a “significant” decline quarter-over-quarter of the company’s gain on sale margin. The filing revealed that refi loans made up 85% of funded loan volume for Better.com in last six months, while purchase volume was close to 15%.

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HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

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Housing Wire

JANUARY 27, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

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Purchase and sale agreement Agents Agents MLS 283

Housing Wire

JANUARY 31, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

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Realty Biz

JANUARY 16, 2022

a $295 million, 105,000-square-foot mansion in Los Angeles’ Bel Air neighborhood has just gone on sale. If the home manages to fetch its $295 million asking price, it would set a new record for the most expensive home ever purchased in the U.S. 7 if it isn’t purchased beforehand. The most expensive listing in the U.S.,

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Housing Wire

MARCH 22, 2023

Borrowing money will be relatively expensive, “including taking on a mortgage borrowing for a home purchase,” Jones said. The recent drop in mortgage rates fueled existing home sales, which rose for the first time in a year. After dropping for 12 months, existing home sales rebounded in February, climbing 14.5%

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Mortgages Purchase and sale agreement Industrial Banks 373

Housing Wire

DECEMBER 2, 2021

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. As of last month, the firm reported 9,800 homes it purchased but has yet to sell, and 8,200 it is contractually obliged to buy – or a shade under 18,000 total.

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Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 NAR Monthly Supply Data Before This report As a nice jump in monthly supply, we see the seasonal push in inventory tied to sales falling, which means the months of supply should increase. The housing nightmare continues.

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Mortgages Purchase and sale agreement Marketing Marketing 539

Realty Biz

AUGUST 8, 2021

Fortunately, most house sales follow a relatively consistent pattern that real estate brokers are well-versed in. Despite the fact that a “ for sale by owner ” transaction will save you money on real estate commissions, you’ll still need someone to create the purchase agreement, title deed, and other paperwork.

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