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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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17 Home Closing Delays and How You Can Avoid Them

HomeLight

Problems with the title. There are many issues that can arise from a title search on a home for sale — some small, some big — that must be addressed before the property can be legally transferred to the new owner. Minimizing clouds in a title search requires the seller to be proactive. Short sale.

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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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25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Don’t worry: You will be refunded any extra.

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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.