Remove 2009 Remove Contracts Remove Property Taxes Remove Real Estate Agent
article thumbnail

Everything You Need to Know About Closing Cost Credits

Lamacchia Realty

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Around 2009 all mortgage companies and regulators put a stop to it. That is no longer allowed. This enables the buyers to bring less money to closing.

Sellers 62
article thumbnail

What Is a Foreclosure and How Does it Work?

Quicken Loans

Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. Foreclosure can also happen when the homeowner fails to pay their property taxes or homeowners association fees. Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property.