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Why non-QM borrowers aren’t going away anytime soon

Housing Wire

Loans up to $3 million 12 or 24 months personal or business bank statements allowed 1099 earning statements accepted Two years seasoning required for bankruptcy, foreclosure, short sale or deed-in-lieu. We help investors buying their 22nd property and those needing to title in an LLC. Loans up to $1.5

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Westchester County DA indicts six in $2M home deed theft case

Housing Wire

My office will seek to hold the defendants accountable for allegedly stealing titles to victims’ homes while pretending to help them.” million in short-term “fix and flip” loans, in addition to securing $500,000 in COVID relief small business loans. Rocah said in a statement. “My

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How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

HomeLight

A cash sale: Start to finish. Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. With a cash sale, you can skip a few steps in the typical closing process. Bankruptcy.

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What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

Title contingencies. A title is the legal right to own a property. A title search reveals who has owned the home in the past and in the present, and whether there are any recorded liens, claims, or judgments made against the home. Very rarely, there will be issues with the title report that cannot be solved before closing.

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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. Today, she has sold more than 4,000 homes total and around 2,500 of those have been foreclosures or short sales. I believe it’s gonna be a short sale market personally, until next year. Auction.com.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

Step 7: Clear the title. Once you’ve accepted an offer and entered into a purchase contract, the buyer will turn the contract over to the title or escrow company. The next step is to “ clear title ,” a process that shows the house is free of any liens, judgments, or bankruptcies that would prevent the transfer of ownership.

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Selling a House ‘As Is’ in North Carolina

HomeLight

If the property is the subject of any lawsuits, foreclosures, bankruptcy, leases or rental agreements, judgments, tax liens, proposed assessments, or other liens or notices that could affect title to the property. There is no simple equation for calculating how much you’ll net from an “as is” sale. Exceptions.

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