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Side’s Hilary Saunders discusses the evolution of brokerage models

Housing Wire

While she believes this transparency was a good thing for the seller, it harmed the buyer as many agents began to claim that they would represent buyers for free — which has certainly played a role in the commission lawsuits that are currently plaguing the industry. “We

Brokerage 365
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Going to Extremes

Appraisal Buzz

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. Currently, the only climate-related information on the report is the flood map. You may be wondering how this all trickles down to the appraisal report.

HOA 370
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Title insurers reckon with attorney opinion letters

Housing Wire

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. We are protecting the American Dream,” Tomb said.

Insurance 291
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Two Southern banks complete mortgage eNote transfer

Housing Wire

eNotes contain the same information as a traditional mortgage note – on paper – but they are created, signed and stored digitally. Full e-Closings reduce the use of paper, legal fees, mailing and courier costs. Going forward, FHLBank Atlanta will accept all eNotes, per bank officials.

Mortgage 236
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First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

The First-Time Buyers Incentive can lower your monthly mortgage payments. As explained by the National Housing Strategy, the First-Time Home Buyers Incentive is a program that lets you borrow 5% or 10% of the sticker price of a home. There are two options, 5% or 10%, depending on what you qualify for as a buyer.

Insurance 141