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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

And I think it’s important for lenders to frame the product that way with borrowers – as a proactive tool designed specifically for older homeowners and one that can help them retire with more financial freedom and peace of mind. Not tax advice. Consult a tax professional. †

Mortgage 391
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Mr. Cooper exits reverse servicing space with sale to MAM

Housing Wire

Cooper announced the initiation of the Champion sale, the company also announced that it completed the sale of title insurance and settlement services provider Title365 to digital lending software company Blend Labs, Inc. in a deal valued at $500 million in cash and retained interest.

Mortgage 381
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26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

Appraisal 145
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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Renovation loan assessments.

Appraisal 105
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Understanding Mortgage Payments

Assurance Financial

The purpose of interest is to reward the lender for taking the risk of lending to you. Taxes Some mortgage payments also include real estate taxes, also known as property taxes. Your lender will hold the taxes for you in escrow and pay them once they come due. Say you bought a $600,000 home for $500,000.

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When borrowers ‘ghost’ their servicers

Housing Wire

Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. That is exactly what millions of forbearance plans and a federal moratorium were designed to avoid during the pandemic.

Law 339
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DOLLAR STORES MARKET TRENDS

Simonson Real Estate

Retail, office, medical or industrial uses can be either single-tenant or multi-tenant building Commitment to long-term lease (typically 10+ years with renewal options) Lease structure with most or all expenses and building repair responsibility of tenant Typically build-to-suit based on tenant needs and designs. Market Extraction.