Housing Wire

NOVEMBER 15, 2022

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

Bankruptcy 397

Bankruptcy Short sale Investor Title 397

Housing Wire

JUNE 21, 2024

Since making headlines for the first time roughly 18 months ago, right-to-list agreements — also known as Non-Title Recorded Agreements for Personal Service (NTRAPS) — have been banned in 30 states, according to an announcement from the American Land Title Association (ALTA). The firm had more than 500 real estate agents.

Title 390

Title Bankruptcy Land Equity 390

Housing Wire

AUGUST 15, 2024

8 was a nearly 400-page appendix of agreement terms, program information and correspondence between Ginnie Mae, TCB and leaders at Reverse Mortgage Funding (RMF), the former lender at the center of the dispute that filed for bankruptcy in late 2022. The first filing made on Aug.

Bankruptcy 466

Bankruptcy Banks Development Loans 466

Housing Wire

JANUARY 11, 2024

TCB’s contract with RMF and the bankruptcy court order also expressly stated that TCB’s right to a lien was subject to GNMA’s extinguishment rights.” 31, 2022, special requirements for HECM reverse mortgage loan pools, TCB’s tail agreement and documents from RMF’s bankruptcy case unfolding in the U.S.

Lending 459

Lending Bankruptcy Mortgages Principal 459

Housing Wire

APRIL 10, 2024

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

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Investor Bankruptcy Finance Equity 448

Housing Wire

FEBRUARY 5, 2021

They say success is sweeter the second time around,” said Sterns, who holds both the title of founder and CEO at Kind. At the time, the bankruptcy was being conducted by Blackstone , the private equity giant that acquired a majority stake in Stearns parent company, Stearns Holdings , back in 2015.

Lending 370

Lending Bankruptcy Title Mortgages 370

Housing Wire

FEBRUARY 18, 2022

You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to?

Bankruptcy 418

Bankruptcy Brokerage Title Equity 418

Housing Wire

APRIL 27, 2021

2016 when the company operated under the title Nationstar. In all, the Justice Department said the three lenders didn’t comply with federal bankruptcy procedures, which affected a total of 76,000 accounts beginning in 2011. In December, Mr. Cooper settled with the CFPB for allegedly committing illegal foreclosures from Jan.

Bankruptcy 397

Bankruptcy Banks Title Mortgages 397

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” This is a different situation.”

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Mortgages Bankruptcy Principal Industrial 476

Housing Wire

JULY 11, 2023

My office will seek to hold the defendants accountable for allegedly stealing titles to victims’ homes while pretending to help them.” According to the indictment, the group allegedly acquired a property in bankruptcy proceedings in a short sale, and two defendants moved in and occupied that home as their primary residence.

Bankruptcy 283

Bankruptcy Short sale Loans Title 283

Housing Wire

MARCH 31, 2022

The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. In the past, the speculative credit boom led to people filing for bankruptcies and foreclosures in 2005, 2006, 2007 and 2008. Are we headed to a housing bubble? Housing Bubble. I disagree with this conclusion.

Bankruptcy 532

Bankruptcy Lending Mortgages Title 532

Realty Biz

DECEMBER 15, 2021

When you’re buying a home, you’ll need a title search so that you can get title insurance. Title searches can also reassure buyers, making sure there is a smaller chance of problems with the title later on. We will take a look at the things you need to know about a title search and how it works.

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Title search Title Due diligence Bankruptcy 113

Housing Wire

SEPTEMBER 20, 2024

Right-to-list agreements, also known as Non-Title Recorded Agreements for Personal Service (NTRAPS) — were banned in 30 states as of June 2024. Since starting its Homeowner Benefit Program in August 2020, MV Realty said it had enrolled more than 35,000 homeowners and had paid homeowners nearly $40 million.

Title 447

Title Brokerage Agents As-is 447

HomeLight

DECEMBER 23, 2021

House deed vs. title: what’s the difference between the two? Perhaps the biggest myth is that the title to a home is an actual document stored in a drawer somewhere. Essentially, title and deed are both related to the important question of who truly owns a particular piece of real estate and has the rights to it. Find Agent.

Title 111

Title Title search Bankruptcy Due diligence 111

HomeLight

AUGUST 26, 2020

Some of the elements of closing on a home can be difficult to grasp, like the property title search. Property title problems account for about 9% of closing delays , according to the National Association of Realtors. A property title search is an easy way to avoid delays in your closing. What is the property title?

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Title search Title Bankruptcy Land 96

Housing Wire

JUNE 9, 2022

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies. Yoon added that the new app also will “be built on the backside as blockchain-capable.”

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Marketing Loans Technology Bankruptcy 397

HomeLight

DECEMBER 19, 2023

A top real estate agent can serve as an invaluable transaction coordinator during steps like the title search and deed transfer. A property record search can also reveal information about the previous owners, property deeds — and even some personal information about the seller regarding divorce and bankruptcy.

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Title search Bankruptcy Title Land 116

HomeLight

MAY 24, 2022

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. Secure title and escrow services: 1 day. Title search: 3 days. Unfortunately, not all title searches return a clear title.

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Purchase and sale agreement Closing Title search Title 111

HomeLight

AUGUST 16, 2021

They will also consider your current and previous debts that resulted in foreclosures or bankruptcies. Bankruptcy paperwork. If you’ve filed for Chapter 7 or 11 bankruptcy, you’ll need to observe a three- to four-year waiting period before being eligible to secure a mortgage. Title documents. Bank statements.

Loans 105

Loans Mortgages Bankruptcy Purchase and sale agreement 105

Notorious ROB

OCTOBER 24, 2022

The basic idea is that you can operate the brokerage more or less as a loss leader business in order to feed leads and business to the actual profit centers: mortgage, title, escrow, insurance. Title will be way down. Back when I was still thinking about pursuing law as a career, my interest was in bankruptcy law.

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Brokerage Bankruptcy Property Management Title 88

Realty Biz

JUNE 7, 2021

Reviewing the title for liens and other encumbrances. Title Issues: The seller must clear the house title from any liens, bankruptcies, judgments, and other outstanding issues. You can get a preliminary title report which will assist in knowing if any underlying issues can come up during the sale.

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Closing Purchase and sale agreement Inspection Title 122

Realty Biz

MARCH 4, 2023

Bankruptcy Fraud. Mr. Teakell was invited to participate in a book in the best-seller list, titled “A Cup of Coffee With 10 of the Top Criminal Defense Attorneys in the United States.” PPP / SBA Loan Fraud. Bank Fraud. Securities Fraud. Healthcare Fraud. Computer Intrusions and Unauthorized Access. Federal Firearms Charges.

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Bankruptcy Title Banks Loans 101

HomeLight

SEPTEMBER 14, 2023

Thankfully, your agent, mortgage lender, and the title company will collect and monitor much of the paperwork. They could request divorce decrees with evidence of spousal or child support that you owe, information on student loans or car loans, or bankruptcy paperwork. It takes a staggering amount of paperwork to buy a house.

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Pre-approval Bankruptcy Closing costs Loans 116

Realtor.com

SEPTEMBER 30, 2020

“It’s not getting any bids because people know the sordid history of the house, and nobody wants it,” says Denver-based bankruptcy attorney Clark Dray , who works with foreclosures. That means that it’s still owned by convicted murderer Chris Watts. Creditors are those who have liens on the property for unpaid bills.

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Bankruptcy Title Branding Mortgages 131

Fancy Pants Homes

MAY 13, 2022

The ultra-luxurious Villa Firenze in Beverly Hills, which once held the title of most expensive home in the U.S. , is once again trying to bank a $100+ million sale. Just one year after it sold at auction — banking a somewhat modest $51 million — the sprawling estate re-surfaced on the market with a $120 million asking price.

Bankruptcy 128

Bankruptcy Title Residential Banks 128

HomeLight

AUGUST 31, 2020

Tax liens are discoverable during a title search — even if the lien data isn’t an exact match. Tax liens will be discovered during a title examination. If your lien situation is simple and for a low dollar amount, you can probably resolve it with the help of your agent and a title company.

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Bankruptcy Equity Title Closing 105

The Close

AUGUST 19, 2024

There is a lot to learn in real estate, but your title shouldn’t be something that trips you up. Differences Between a Realtor and a Real Estate Agent The public widely adopted the term “Realtor” as a universal title for real estate agents, but that’s not how it was initially intended.

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Agents Title Brokerage Bankruptcy 98

HomeLight

JUNE 24, 2021

Births and deaths, marriages and divorces, tax liens, bankruptcy rulings, and census data are just a few examples of information available to anyone who is willing to look it up. In fact, when you purchase a home, a thorough title review is conducted as an essential component of the closing process.

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MLS Land Title Commercial 113

The Close

JULY 23, 2022

Order an Owner & Encumbrances From a Title Company. You can also order an Owner and Encumbrances (O&E) from your favorite title company. Title companies, data providers like Vulcan7 , listing websites like Craigslist, and Zillow are all great sources to find FSBO leads. Getting Listings From Bankruptcy.

Bankruptcy 111

Bankruptcy Purchase and sale agreement MLS Investor 111

Realty Biz

JANUARY 20, 2023

Get a Title Search and Title Insurance Before the lender will approve your home loan application, they need to confirm who the current owner of the property is. A title search examines public records to determine the property owner. The title insurer will give you an insurance policy after the title search is complete.

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Title search Debt-to-income ratio Title Loans 79

HomeLight

JULY 31, 2020

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. How it can delay closing. Dodge move.

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Closing Purchase and sale agreement Title search Earnest money deposit 119

HomeLight

JULY 29, 2022

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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Closing Purchase and sale agreement Title Home sale contingency 105

HomeLight

NOVEMBER 9, 2021

Clear title contingency (note: all home sales depend on this contingency). A title search can take up to 14 days. All home loans (and all legal home sales, for that matter) are dependent on a clear title. A title search can take anywhere from a few hours to 14 days. Appraisal contingency. Home sale contingency.

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Purchase and sale agreement Home sale contingency Title search Inspection 105

HomeLight

MARCH 16, 2023

Investors offer alternatives to foreclosure and bankruptcy About 60% of sellers who contact Ramcharitar are behind on their mortgage payments. While some homeowners opt for foreclosure in a distressed situation, others decide to declare bankruptcy. Both parties sign a contract and submit it to a title company.

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Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

JANUARY 13, 2022

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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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 97

HomeLight

JUNE 30, 2021

In some states, an attorney will oversee the closing of the sale instead of a title company; if you’re going it alone, regardless, it’s a good idea to think about hiring one. However, there are other contingencies that can’t be negotiated, such as those related to title and zoning. Title contingency. Financing contingency.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 98

HomeLight

JULY 31, 2021

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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Earnest money deposit Inspection Inspection contingency Title 98