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No, homeowner delinquency rates aren’t elevated

Housing Wire

Homeowner delinquency rates are rising from record low levels but arent even back to pre-COVID-19 levels yet. This weekend, there has been a lot of discussion on social media surrounding homeowners’ delinquency data. Some people are trying to imply that we have major stress in homeowner data.

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Go-To Experts: Kris Lindahl Talks About the COVID-19 Wolf At the Door

Realty Biz

According to the Mortgage Bankers Association , just under four million American homeowners are in forbearance. Property owners impacted by the COVID-19 housing crisis are struggling to pay mortgages, and the imminent risk of foreclosure and bankruptcy looms large over the industry. Ironically, the housing market seems resilient.

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House Deed vs Title: How to Keep Their Meanings Straight

HomeLight

One exception may be a homeowners association that sets rules for patio decorations or pets. As a homeowner, you may have the abstract of title — potentially a thick stack of paperwork — stored in a file cabinet somewhere. Bankruptcy filings. The right of control. The right of exclusion. Unpaid taxes. Child support liens.

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Dearth of Credit Starves Detroit’s Housing Market

Realtor.com

Detroit is making a comeback after years of decline that led to a bankruptcy filing in 2013. The dearth of credit is largely a consequence of battered property values plus a commercial reality that depresses them further: Lenders can’t earn money on tiny mortgages , so they don’t make them. On the west side, it is hardly worth trying.

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Should I Get an Online Quote to Sell My House?

HomeLight

These online quote companies may sell the home to a contractor, make repairs then sell the home to another homeowner or investor, or convert the property into rentals. Header Image Source: (Point3D Commercial Imaging Ltd. Selling to an investor group or iBuyer isn’t attractive to everyone. Unsplash).

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Passive Income Ideas: 25 Ways To Earn More Money In 2020

Marco Santarelli

If they are sued or go into bankruptcy, you’re joined at the hip as their business partner. REITs generally own and/or manage income-producing commercial real estate, whether it’s the properties themselves or the mortgages on those properties. If they choose bad tenants, there’s no income and you have limited say.

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GSEs still shun the low end of manufactured housing

Housing Wire

The homes financed by these loans come without land, like a car, and the homeowner typically rents the land beneath their home. The home itself is a depreciating asset, which makes it difficult for manufactured homeowners to build equity or intergenerational wealth. The loans, called chattel, are rarely refinanced. That means the 17.5

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