Remove FHA loan Remove Residential Remove Short sale
article thumbnail

How can servicers best help borrowers as they exit forbearance?

Housing Wire

This will be especially true for lower-income households with FHA loans that started with very little equity to begin with due to the low-down payment requirement. Hubzu for Signature Seller Assisted Sale (SSAS), standard short sale, foreclosure and ultimately REO management and sales) that can perform well, no matter the volume.

article thumbnail

Miami-Dade Total Home Sales Continue Surging in January 2021

Realty Biz

The guidance, which went into effect in October 2019, extends certifications from two years to three, allows for single-unit mortgage approvals, provides more flexibility with owner/occupancy ratios, and increases the allowable number of FHA loans in a single project. In 2009, distressed sales comprised 70% of Miami sales.

Sales 90
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

Whether it's residential, commercial, or investment properties, working with an agent with expertise in your desired area can be highly beneficial. The amount required for a down payment can vary based on factors such as the type of loan, your credit history, and the lender's requirements.

article thumbnail

A Seller’s Home Appraisal Checklist: A Cheat Sheet for Your Home’s Final Exam

HomeLight

According to the National Association of Realtors® Research Group’s 2021 data , 64% of buyers have conventional loans, 16% have FHA loans and 14% received VA loans. Since many lenders process a high volume of loans all around the country, local appraisers provide first-hand verification of the property’s condition. “I

Loans 119
article thumbnail

Selling a House ‘As Is’ in Indiana

HomeLight

Median sales price in Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. This disclosure form is required for almost all residential home sales for properties hosting up to four units. Average days on market for Indiana.

As-is 118
article thumbnail

Selling a House ‘As Is’ in Maryland

HomeLight

Median sales price in Maryland. Maryland law requires sellers to disclose material facts about the property through the Maryland Residential Property Disclosure and Disclaimer Statement. Average days on market for Maryland. Disclosures. MLS has field to mark a listing “as is”? Is a real estate attorney required?

As-is 119
article thumbnail

Selling a House ‘As Is’ in North Carolina

HomeLight

North Carolina state law requires sellers to disclose material facts about the property through the Residential Property and Owners’ Association Disclosure Statement. On occasion, conventional lenders may even finance a fixer-upper property sold “ as is ,” and it’s not impossible to finance a fixer-upper with an FHA loan.

As-is 112