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‘Worst possible outcome’: Industry experts weigh in on DOJ’s desire to decouple commissions

Housing Wire

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system. More negotiations, lower commissions Per the terms of the settlement, MLS participants working with buyers must enter into written representation agreements before touring a home.

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FHFA, HUD Add FHA Data to Appraisal Database to Reduce Home Appraisal Bias

RIS Media

Department of Housing and Urban Development (HUD) announced Monday the expansion of public appraisal data to include Federal Housing Administration (FHA) loans. —The Federal Housing Finance Agency (FHFA) and the U.S.

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Auctions see high owner-occupancy rates for foreclosed homes

Housing Wire

Most of these reverted REOs are eventually sold via the Multiple Listing Service (MLS). The data paints a similar picture specifically for foreclosed properties backed by FHA-insured loans, the subject of the recently announced first-look program. The role of renovators.

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How to Buy a Multifamily Property in 10 Steps

The Close

If you need access to your local MLS, contact a real estate agent in your area to gather data or create a rental market analysis. The right loan type for your investment depends on the property you choose to buy, so you need to be informed about each property type before shopping for homes.

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Best Foreclosure Websites to Find Homes

HomeLight

This site, owned by the National Association of Realtors , aggregates listings from multiple sources, including the Multiple Listing Service (MLS). With a subscription, you gain full access to detailed property information about foreclosures, preforeclosures , bank-owned homes, MLS listings, distressed properties, auctions, and short sales.

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Are HUD Homes a Good Deal? How to Tell If the Properties Are a Fit

HomeLight

The mortgage insurance protects lenders in case the buyer defaults on the loan, allowing those lenders to serve more borrowers. Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. of the purchase price.