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Contracts for deed are under federal mortgage protections: CFPB 

Housing Wire

In these contracts – also known as “land contracts” or “bond for deed” –the seller retains the legal title to a home until the borrower completes all the payments, leading to some “traps,” according to the CFPB. Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments. “The

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Opinion: Riding the wave

Housing Wire

They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection. Difficult inspections have been on the rise over the last few months. The time-consuming process of acquiring land and navigating regulatory approvals poses a barrier to rapid expansion. With only 1.3 With only 1.3

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How title companies are combating wire fraud

Housing Wire

Attempted attacks increased significantly, according to a 2022 survey by the American Land Title Association , with 46% of respondents saying their employees receive at least one email a month attempting to change wire or payoff instructions. Q: What are the most common trends in wire fraud and how can first-time homebuyers avoid it?

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Homebuilders are at max capacity. And the housing shortage keeps widening

Housing Wire

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Those include material shortages (such as a current lack of electrical transformers and the volatility of wood pricing) as well as shortages of skilled labor , zoning restrictions and available land. Taken by Felix Mizioznikov.

Land 370
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Getting Ready For a Buyer’s Home Inspection is Smart

Realty Biz

How to Prepare For a Home Inspection. Before you can prepare for your move, you need to get ready for the home inspections. Preparing for a home inspection will make sure your home sale proceeds as smoothly as possible. Lots of home sellers ask real estate agents how they can prepare for the home inspection.

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Opportunities to improve the home-building process

Housing Wire

The real estate industry is full of complications that don’t exist elsewhere, from the way we incentivize real estate brokers to the way we value land and homes. Built Technologies in Nashville is one company that has created a suite of software to simplify loans, draws, and inspections for lenders and contractors.

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A look at Knoxville’s hot housing market

Housing Wire

“I don’t like it when people waive an appraisal just to get into a home, but what I like to do to win for my buyers is to agree to the home inspection, but we’ll just make it pass or fail,” Poveda said. “It’s a daily hustle for me,” he said. It’s like a horse race. Presented by: Radian.

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