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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

Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value. Condo insurance : Homeowners insurance that covers personal property and the interior of a condo unit should damage occur. The fee, 0.3%

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

Appraisal Today

When I first started appraising for an assessor, several times I was met at the door by the White owner with a shotgun telling me that I was never getting on his property or in his home. While there is an income, wealth and home value gap among whites, blacks and Latinos it’s not caused by real estate appraisers.

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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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The Pros and Cons of Buying a New Home vs. a Resale Home

Eppraisal

Advantages and Disadvantages of New Construction According to Realtor.com, one-third of all homes on the market are new, i.e. recently built with no previous inhabitants. These are the very drivers of their appeal -- no aging, no wear and tear that often diminish home values. Yet there is a flip side to these benefits.