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CFPB received fewer reverse mortgage complaints in 2024

Housing Wire

There were a total of 298 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) in 2024 that were related to the reverse mortgage industry, according to a database maintained by the bureau. Reverse mortgages once again encompassed only a small share of all consumer complaints levied at the broader mortgage industry.

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Why This Is Not Like 2008 Again

Keeping Current Matters

Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse.

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How Long Does a Short Sale Stay On Your Credit Report? Myth vs. Reality

HomeLight

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Your agent will also ensure that all additional legal guidelines required in a short sale are followed.

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Understanding the Short Sale Process

CT Homes

A defining term that emerged shortly after the collapse was the “short sale”. In the years following, short sales were the driving force behind a majority of all total real estate transactions. But what is the short sale process and how does it work? . What is a Short Sale?

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Working Distressed Properties: How to Navigate and Win in This Evolving Market

HomeLight

Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. This is the show where you’ll learn what’s working right now from the best real estate agents and industry experts in the country. I believe it’s gonna be a short sale market personally, until next year.

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This Is How To Profitably Find Houses To Flip In 2023

Kyle Handy

But there are a lot of industries that may be helpful if you’re looking to flip a house. Estate sales professionals, estate auctions, senior living communities — often, these individuals know about properties before they hit the market. Join groups with other professionals and business owners.

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Warning: Housing Bubbles Tend to Burst. Here’s How Agents Can Prepare

The Close

This practice will put further strain on the already short-handed new home industry and prevent more new homes from being built for individual homeowners. Short sales and foreclosures quickly became the norm. Follow Industry Thought Leaders. Source: Redfin). It was like someone turned off Niagara Falls.

Agents 98