Housing Wire
JUNE 21, 2022
During this same time, our industry helped consumers take advantage of low interest rates to refinance mortgages. Professionals conduct the search and examine documents, with title companies regularly providing a discount, or “reissue rate” on a refinance. Real estate is a $3 trillion industry in the United States.
PennyMac
JANUARY 25, 2023
Final verification from your lender is required to ensure you're equipped to repay your mortgage in full and on time. This is where the mortgage underwriting process comes into play. During the underwriting stage, your application moves from the loan processor to the mortgage underwriter.
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Will Springer Realtor
AUGUST 2, 2022
Buyers should read CC&Rs and all related HOA documents to understand the rules and potential risks of purchasing the home.). EASEMENTS: An irrevocable right to use some part of another person’s real property for a particular purpose. That includes liens for non-payment of municipal services or to clear mortgage debt on the home.
D Fritz Appraisals
OCTOBER 11, 2022
A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Mortgage financing and refinancing.
D Fritz Appraisals
MARCH 16, 2021
The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.)
Zillow
MAY 1, 2017
It documents ownership, vesting, and detail regarding anything recorded against the home, such as liens, encroachments, or easements. Mortgage liens Mortgage liens are generally listed directly below property taxes, and they're always ordered first, second, and third. Easements.
Appraisal Today
MAY 10, 2024
ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. Now there is, per the attached PDF HUD/FHA mortgage letter.
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