Remove Government Remove Legal Remove Mortgage Remove Property Taxes
article thumbnail

Bankruptcy judge approves Celink stipulation in RMF bankruptcy case

Housing Wire

The presiding judge in the ongoing bankruptcy case of Reverse Mortgage Funding (RMF) has approved a stipulation that would resolve an administrative claim made against the company’s estate by reverse mortgage servicing company Celink , authorizing both companies to consummate the agreement.

Law 430
article thumbnail

Opinion: Title and settlement fees aren’t a barrier to homeownership

Housing Wire

The borrower’s largest life-of-loan costs are the property taxes and recording fees paid at closing plus the accumulated cost of annual property taxes paid over the life of the loan. The choices are complex and the “mortgage math” can be hard to comprehend.

Insurance 432
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

article thumbnail

When borrowers ‘ghost’ their servicers

Housing Wire

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. We service their loans. of the U.S.

Law 370
article thumbnail

What Metaverse real estate means for mortgage professionals

Housing Wire

But what does virtual real estate mean for real-world mortgage professionals? Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land. There is a legal description. Is there demand for “mortgages” to buy virtual real estate in the Metaverse?

article thumbnail

The Treasury’s $10B Homeowners Assistance Fund

Housing Wire

Trouble paying for firewood, heating oil or back property taxes for your home because of Covid-19? In March, Congress allocated $10 billion in funds to prevent homeowners from falling behind on their mortgage, losing utility services, or being displaced. The Homeowners Assistance Fund (HAF) can help with that.

article thumbnail

Say What? Home-Buying Lingo You Should Know

Zillow

This document spells out all the terms of the loan: the amount, the interest rate, the monthly payment, mortgage insurance, the monthly escrow amount and all closing costs. Closing escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party.