Housing Wire

FEBRUARY 2, 2024

That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. A legal battle impacted fourth-quarter earnings. million, compared to a gain of $92.87

Technology 391

Technology Legal Mortgage Contracts 391

Lamacchia Realty

MAY 6, 2024

Their job is to make sure the sale from the seller to the buyer happens within the confines of the law, while also looking out for your best interests. This agreement is a binding contract that outlines the rights and obligations of the buyer and seller during the whole buying process.

Real Estate 70

Real Estate Legal Law Contracts 70

Housing Wire

SEPTEMBER 7, 2023

“The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said. There will likely be fewer Realtors, the sales volume will be handled by fewer Realtors.

Buyers 392

Buyers Agents Loan Officers Real Estate 392

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

Buyers 385

Buyers Sellers Finance Contracts 385

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. If it’s denied, buyers can also choose to walk away from the deal.

Inspection 424

Inspection Appraisal Buyers Appraisal Process 424

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. You can say no to the counteroffer, accept it or propose new changes to the contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Lamacchia Realty

FEBRUARY 2, 2023

WHY YOU SHOULD USE A REAL ESTATE ATTORNEY TO SELL YOUR HOME As a home seller you may think you are saving money by not hiring an attorney to guide you through the legal aspects of your sale but in actuality, it could end up costing you more not to! Again, this is a legal document that needs to be done right!

Real Estate 77

Real Estate Sellers Legal Inspection 77

Eppraisal

DECEMBER 23, 2022

We'll now dissect the entire real estate transaction from the perspective of the seller. Inspection Period After the contract is signed and delivered to all parties, it becomes a fully executed contract. The contract allows the buyer a certain number of days to have home inspections performed.

Real Estate 36

Real Estate Sellers Inspection Contracts 36

Raleigh Realty

MARCH 31, 2021

In every market though, things happen where homes that are under the contract may not reach the closing table and the contingency clause usually protects the buyer and sometimes the seller in the event the parties decide to terminate. The seller does not have the ability to accept another offer.

Real Estate 148

Real Estate Sellers Contracts Buyers 148

Raleigh Realty

MARCH 23, 2021

The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 77

Appraisal Real Estate Real Estate Agent Contracts 77

Eppraisal

OCTOBER 19, 2021

Buyers are offering sellers prices considerably above list price in many cases. It's their job to protect the mortgage companies' investments. There are many instances nowadays where a house doesn't appraise for the price on the contract. This impacts the lenders, the sellers and the buyers in the transactions.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 316

Real Estate Brokerage Buyers Property Management 316

Housing Wire

JULY 12, 2022

Beginning July 17, Freddie Mac will accept some mortgages with hybrid appraisals — but the list of caveats is lengthy. Mortgages for manufactured homes, investment properties, duplexes and fourplexes are not eligible. A certification lightens the legal liability of bias. The seller accepts it; they go into contract.

Appraisal 404

Appraisal Inspection Real Estate Agent Training 404

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money. What Happens to the Earnest Money if the Contract is Canceled?

Contracts 36

Contracts Real Estate Agent Sellers Real Estate 36

Assurance Financial

DECEMBER 20, 2021

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Eppraisal

JULY 19, 2022

Unsure if you should hire an attorney to represent you in your real estate transaction, ask your real estate agent or mortgage lender. Contract Review Whether you are a home buyer or a home seller, once you sign a contract it is time to hire a real estate attorney. The buyer's mortgage company requires this.

Real Estate 36

Real Estate Inspection Real Estate Agent Contracts 36

Movoto

FEBRUARY 23, 2024

Prior to buying the home, the tenant will be under a lease contract or rent to own agreement, much like renting, with the exception that monthly payments (or a portion of them) are allocated toward the down payment. Mortgage approval isn’t guaranteed. The Caveat: What is the Main Reason to Avoid Renting to Own?

Contracts 36

Contracts Finance Real Estate Legal 36

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Unless the decision is appealed, NAR will have to pay at least $1.8

Realtors 412

Realtors Contracts Real Estate Agents 412

Hank Miller Team

FEBRUARY 27, 2022

The average mortgage rate is a good 1 higher than twelve months ago, with an expected 3-5 Fed rate bumps over '22. Sellers are demanding - and getting - buyers to waive checks that are intended to provide a level of risk management. It's a beauty contest and the most appealing offers are getting selected. A rent back?

Buyers 52

Buyers Inspection Contracts Sellers 52

East Coast Appraisal

JUNE 10, 2022

Most buyers opt to finance the purchase of a home through a mortgage lender. Lenders will usually require an appraisal to determine the value of the property before approving a mortgage loan. It is possible for the appraisal price of a property to be lower than the agreed-upon purchase price between buyer and seller.

Appraisal 52

Appraisal Appraisal Process Real Estate Sellers 52

Eppraisal

JULY 21, 2023

Let's examine the current status of rent-to-own agreements and explore whether they remain a viable option for both buyers and sellers. As property prices soared in many regions, sellers are less inclined to offer rent-to-own options. One of the primary reasons for this decline is the revitalization of the housing market.

Real Estate 36

Real Estate Sellers Investors Finance 36

Movoto

APRIL 30, 2024

Near the end of the initial lease or rental agreement, you’ll likely need to obtain a mortgage loan to finance the purchase. Credit scores need to meet a minimum threshold for most lending scenarios, and better scores translate to more favorable mortgage terms. What Are The Cons Of Renting A Condo? Lease Option Agreement.

Tenants 36

Tenants Real Estate Contracts HOA 36

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

Appraisal 67

Appraisal Real Estate Contracts Design 67

McKissock

APRIL 3, 2022

There are usually too many cooks in the kitchen when you’ve got those who handle your listings, payment transactions, as well as your legal documentation with your clientele. For buyers and sellers, this means they’ll get more bang for their buck when they save on commissions and fees typically charged by brokers, lawyers, and banks.

Real Estate 73

Real Estate Real Estate Agent Technology Contracts 73

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

Eppraisal

JULY 28, 2023

The integration of AI technologies is revolutionizing the way people buy and sell houses, streamlining processes, enhancing decision-making, and providing new opportunities for buyers, sellers, and real estate agents. Streamlined Transaction Process Buying or selling a house often involves a complex web of paperwork and legal procedures.

Real Estate Agent 36

Real Estate Agent Real Estate Sellers Buyers 36

D Fritz Appraisals

AUGUST 12, 2019

Sometimes referred to as a property appraisal or a real estate appraisal, a home or house appraisal is a third-party report written by a professional appraiser that is meant to inform you and your mortgage lender on the monetary value of the property you are looking at buying. Read More: 8 Ways to Increase the Value of Your Home.

Inspection 94

Inspection Appraisal Real Estate Property Appraisal 94

Empire Appraisal Group

JULY 1, 2021

Look up the legal description of the property and include a copy of the most recent tax bill, which can show whether the home is in a special tax district, said Maureen Sweeney, a residential real estate appraiser and member of the Illinois Real Estate Appraisal Administration and Disciplinary Board.

Agents 78

Agents Appraisal Real Estate Realtors 78

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Mortgage Lending You decide. I promise you that this will make you known in your area.”. Have a very responsive credo.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

McKissock

SEPTEMBER 20, 2021

In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.” Article 2 requires honest communications regarding a seller’s property. You may represent the seller and will owe fiduciary duties to that seller.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

McKissock

MAY 8, 2022

There are usually too many cooks in the kitchen when you’ve got those who handle your listings, payment transactions, as well as your legal documentation with your clientele. For buyers and sellers, this means they’ll get more bang for their buck when they save on commissions and fees typically charged by brokers, lawyers, and banks.

Real Estate 52

Real Estate Real Estate Agent Technology Agents 52

Realtor

DECEMBER 7, 2019

Monopoly: Hasbro Concept: Greg Chow In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins. You want the house, and the seller doesn’t want any hiccups. But it isn’t something sellers or seller’s agents love. “I

HOA 108

HOA Inspection Sellers Appraisal 108

PennyMac

SEPTEMBER 6, 2023

This is especially true if home sellers are trying to move quickly or are hoping to avoid costly renovations. Buyers will have an inspection done and the cost of some repairs or updates, especially those regarding safety, often falls to the seller. The home-selling process can be challenging at times.

Renovations 36

Renovations Inspection Sellers Buyers 36

Housing Wire

MARCH 7, 2022

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

Real Estate 477

Real Estate Law Inspection Agents 477

Appraisal Today

MARCH 31, 2023

And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. The only reason for these changes are about a piece of the 11 TRILLION dollar mortgage market. Mortgage Lending In Q4 Hit Lowest Point Since 2014 Refinance mortgage originations hit low point this century. Call to Action.

Appraisal 52

Appraisal Contracts Inspection Clients 52