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Contracts for deed are under federal mortgage protections: CFPB 

Housing Wire

In these contracts – also known as “land contracts” or “bond for deed” –the seller retains the legal title to a home until the borrower completes all the payments, leading to some “traps,” according to the CFPB. Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments.

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Fraud, forgery claims are costliest expenses for title insurers

Housing Wire

Fraud and forgery claims represented more than one-fifth of the total dollars spent by title insurers on claims expenses and losses over the past decade, according to a study conducted by Milliman and commissioned by the American Land Title Association (ALTA). billion in claims related to losses and loss expenses.

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Opinion: Riding the wave

Housing Wire

They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection. Difficult inspections have been on the rise over the last few months. The time-consuming process of acquiring land and navigating regulatory approvals poses a barrier to rapid expansion.

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Getting Ready For a Buyer’s Home Inspection is Smart

Realty Biz

How to Prepare For a Home Inspection. Before you can prepare for your move, you need to get ready for the home inspections. Preparing for a home inspection will make sure your home sale proceeds as smoothly as possible. Lots of home sellers ask real estate agents how they can prepare for the home inspection.

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2020 HW Tech Trendsetter: Sean Faries

Housing Wire

Sean Faries, CEO, Land Gorilla. Land Gorilla founder and CEO Sean Faries is relentless in his pursuit of technology innovations that drive efficiency while simultaneously reducing risk in construction and renovation lending.

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Home Inspections: Checklist of What to Know and Inspect

Realty Biz

Checklist When Getting a Home Inspection. When you are buying a home, the home inspection can be an exciting time. Home inspections can help you confirm you’ve made a good home buying decision or give you a list of issues to raise with the seller. Keep in mind that home inspections are not passed or failed.

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Homebuilders are at max capacity. And the housing shortage keeps widening

Housing Wire

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Those include material shortages (such as a current lack of electrical transformers and the volatility of wood pricing) as well as shortages of skilled labor , zoning restrictions and available land. Taken by Felix Mizioznikov.

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