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Distressed homeowners have a new path to avoid foreclosure

Housing Wire

For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity. Buyers surveyed by the company at that time said that higher acquisition costs, higher rehabilitation costs and unfavorable mortgage rates were the key factors keeping them out of the market.

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Cash offer startup Accept.inc raises 90M in debt and equity

Housing Wire

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets.

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Homeownership Terms to Know: Pre-Approval, Pre-Qualification & More

Windemere Buying

Before you begin your home buying journey , it’s helpful to know about pre-approval, pre-qualification, and proof of funds, and the role they play in a real estate transaction. Mortgage pre-approvals are typically valid for 60 to 90 days. Proof of funds letters may vary depending on the terms of the transaction.

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How to Find Cash Home Buyers in Norfolk for a Hassle-Free Home Sale

HomeLight

Norfolk’s housing market is on the upswing, with homes selling faster, but mortgage rates are pushing out traditional buyers. Before signing an offer, ask for proof of funds Ensure the cash buyer has the necessary funds. Ask for proof of funds, a document confirming they can purchase your home.

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A Comprehensive Guide to Finding Reliable Cash Home Buyers in St. Louis

HomeLight

Louis, sellers can avoid many of the traditional market hurdles, such as lengthy mortgage approvals and bank appraisals. Before signing an offer, ask for proof of funds One critical step before finalizing a deal with a cash buyer is to request proof of funds. By seeking out cash home buyers in St.

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The Ultimate Guide To Finding Cash Home Buyers in Tampa

HomeLight

As buyers seek to avoid high mortgage rates, your chance of landing a cash offer is particularly strong. Before signing an offer, ask for proof of funds Choosing a cash buyer with readily available funds is essential. Data from March 2024 shows that almost 26% of single-family home sales in the Tampa-St.

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How to Find Cash Home Buyers in Cypress for a Hassle-Free Home Sale

HomeLight

Selling your home to a cash buyer in Cypress can help you avoid the typical hurdles of traditional sales, such as mortgage delays and buyer contingencies. Before signing an offer, ask for proof of funds Ensure funds are available: Ask the cash buyer for proof of funds, a document that verifies their financial capability.