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Banking Failures & Their Impact On the Housing Market - Part 2 - The REO Dilemma

Eppraisal

Meanwhile, property taxes are the lender's responsibility. Do REO requirements, home value thresholds or any other criteria for sale and purchase change when a bank collapses? A successor bank is obliged to honor the contracts the failed bank entered into. What Happens to REOs when a Bank Fails?

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7 best real estate schools in Florida (FL) for 2024

Housing Wire

Exam Math Cram consists of 5 real estate math practice tests to test your knowledge on real estate math formulas, calculating commission, and calculating property taxes. With the exception of the Basic package, all prelicensing packages also include the Florida Exam Prep Master & Exam Math Cram courses.

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Say What? Home-Buying Lingo You Should Know

Zillow

Buyers market : Market conditions that exist when homes for sale outnumber buyers. Homes sit on the market a long time, and prices drop. Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow.

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What is Your Appraiser Level? Why Does It Make a Difference?

Appraisal Today

Some local markets and some appraisers are still fairly active. The variance between local markets and individual appraisers is stark. In the early 1990s, my market crashed. While there is an income, wealth and home value gap among whites, blacks and Latinos it’s not caused by real estate appraisers. Budget cuts.

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What’s Included in Closing Costs?

PennyMac

In some states, you need an attorney to close on your home. This fee will cover the attorney preparing and reviewing agreements and contracts. An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Property Tax. Closing Fee.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Build Equity Every time you make a mortgage payment, you build equity in your home. Think of equity as the amount of money your home is worth after what you owe is deducted. When your home value goes up and you start paying off the loan's principal balance, that builds equity.

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Build-for-rent is a bet on the ‘new normal’ housing market

Housing Wire

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Both pose threats to access to capital, the cost of materials and labor, and future housing values.