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The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. The future of the mortgage industry is increasingly diverse.

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ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. nationally since 2004 and roughly 5% the past two years, based on the most recent industry data from 2021.

Insurance 473
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Title insurers reckon with attorney opinion letters

Housing Wire

Now, thanks to United Wholesale Mortgage (UWM) CEO Mat Ishbia’s recent announcement that his company is hiring attorneys to review title and closing documents, AOLs and the risks associated with them, have been a hot topic at this year’s ALTA One conference.

Insurance 375
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Investment Property: How Much Can You Write Off on Your Taxes?

Zillow

There are certain things you can do as a real estate investor to help manage your tax bill and maximize your after-tax return on investment. To do so, however, you need to understand the primary ways in which investment real estate portfolios get taxed. A third way, estate tax , applies only to dead investors.).

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First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

As of May 3rd, 2021, new updates to the Canada Mortgage and Housing Corporation (CMHC)’s First-Time Homebuyers Incentive have come into effect. Victoria is now one of the few cities that has been given enhanced eligibility criteria to help you qualify for a lower monthly mortgage payment. First-time homebuyers, we have great news!

Insurance 141
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Selling Your Home Due to a Divorce

Eppraisal

Currently, home values are still high, and the real estate market is still good. One of the decisions you will have to make is which real estate company and real estate agent you will choose to list your home for sale. Your real estate agent or an appraiser can help guide you on pricing the home.

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5 Negotiation Secrets Smart Buyers Use to Get Better Deals

Berkshire Hathaway

Successful real estate negotiation begins by knowing what you are looking for exactly. Besides the purchasing price, your budget should also include other costs such as renovations, structural and environmental assessments, downtime during transitions, legal fees, realty commissions, taxes, and contingencies.

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