Housing Wire

FEBRUARY 14, 2024

Also, BBYS products make homeowners competitive bidders because they can submit non-contingent offers that can compete with cash offers, which made up one-third of winning offers in Q4 2023. HW: What strategic and regulatory concerns should lenders who want to offer ‘buy before you sell’ be considering?

Backup offer 445

Backup offer Loan Officer Home sale contingency Branding 445

Housing Wire

JANUARY 12, 2022

The mortgage industry is coming out of back-to-back amazing years, and while 2022 still holds great opportunity for the industry, it also signals a pivot point for market participants. In addition, we meticulously logged client feedback regarding challenges in the loan process. We retain servicing on all our loans.

Backup offer 413

Backup offer Technology Loans Closing 413

RIS Media

APRIL 8, 2022

Real Estate appraisals are usually completed when homes are bought via mortgage loans. If you put an offer on a property marked contingent, you could be the next buyer should the current contract fall through. You’ll want to make a backup offer to put yourself in the game. Low appraisal. It depends.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

RIS Media

APRIL 18, 2022

You may see some of these things or all of them before making an offer. It will help tailor your offer when the time comes. It may make sense to put in a backup offer when you’re not the winning bidder. Over the life of the loan, it could translate into thousands of dollars. The terms of the loan.

Pre-approval 119

Pre-approval Backup offer Due diligence Rent back 119

HomeLight

JANUARY 5, 2022

To provide you with the most expert advice, we consulted with Los Angeles real estate attorney Zach Schorr , top real estate agent Basil Yaqub , who works with over 67% more single family homes than average in his area, and veteran agent Greg Garrett , who brings more than 40 years of experience in the real estate industry to the table.

Purchase and sale agreement 111

Purchase and sale agreement Backup offer Inspection Agents 111

HomeLight

OCTOBER 11, 2021

The homeowner could also have over-extended themselves with home equity loans or lines of credit, or the property might have some kind of financial lien placed against it, all of which can result in the owner being “underwater” on the home’s value vs. what is owed.

Short sale 101

Short sale Sales Banks Backup offer 101

HomeLight

DECEMBER 31, 2020

This is an industry term that refers to the sale prices of surrounding, comparable properties, which is used as a benchmark for assigning values (and prices ) of similar homes. But in today’s high-tech industry, it’s possible for anyone to go online and pull up listing and pricing information for pretty much any home in the country.

Backup offer 119

Backup offer Sales Agents Closing 119