Remove As-is Remove Due diligence Remove Inspection
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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Demand for existing homes — including REO assets — outpaces the available supply. territories.

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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? Some people just focus on a home inspection and that’s not enough. That’s why we’ve put together this guide to due diligence for a homebuyer.

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3 Properties That Need More Due Diligence Before Purchasing

Realty Biz

When you are buying a home there are three types of properties that need more research and due diligence. Types of Properties With More Required Due Diligence. The most common reasons why properties are condemned is due to a hazardous living condition. Buying a property is a big investment.

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Opinion: The pros and cons of VA modernization bill

Housing Wire

To begin with, I applaud the flexibility of allowing desktop or drive-by appraisals, but at the same time this would seem to fundamentally alter the requirement of the appraiser to inspect the property to ensure Minimum Property Requirements (MPRs) are met. That said, modernization is a good thing as well and should never be feared.

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What Happens if the Inspection Contingency Expires on a Home Offer?

HomeLight

For this reason, most contracts contain an inspection contingency clause. But what happens if the inspection contingency expires? In this guide, we’ll break down everything you need to know about home inspection contingencies, including what they are, how they work, and the implications of their expiration.

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Accurate property condition data is more important than ever – Here’s why

Housing Wire

Due to the rise of new technology solutions and the pandemic, 40% of mortgages are now completed with appraisal waivers. Due to the rise of new technology solutions and the pandemic, 40% of mortgages are now completed with appraisal waivers. The waning pandemic in the U.S. This is perhaps the greatest limitation and risk of appraisals.

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Class Valuation’s CIO on solving the appraisal conundrum

Housing Wire

If we’re collecting the data upfront at point of list to support these processes that are now available, like IBW, inspection based waivers , or desktop appraisals — which the GSEs have rolled out in the last year — an appraiser can do an appraisal in a matter of hours. It’s moving so much faster than ever before.