Nerd Wallet

JANUARY 31, 2022

Record-low housing inventory, high prices and low mortgage rates made an interesting backdrop for the 2021 real estate market. Millions fought tooth and nail to close on homes throughout the year, but millions more were unsuccessful in their attempts. Elizabeth Renter writes for NerdWallet.

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Nerd Wallet

OCTOBER 29, 2020

An investment property is real estate bought for the purpose of generating income. Investment properties can come with challenges, such as maintenance costs and more stringent financing requirements — including higher interest rates and a larger down payment — compared with mortgages on primary homes.

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Collection Industry News

OCTOBER 25, 2023

With average rates on 30-year fixed-rate mortgages hitting 8% on Wednesday, you might be thinking twice about buying a home, even if you can afford one. The real estate market hasn’t been favorable to buyers recently: Median home prices have shot up 26% since 2020. If you’re thinking about buying a home, here’s what to consider.

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Nerd Wallet

APRIL 29, 2022

Rocket Homes Real Estate is a sister company of Rocket Mortgage, an online mortgage lender. What is Rocket Homes? Through its website and app, Rocket Homes helps buyers shop for and purchase homes, and it assists homeowners with listing and selling their properties. Barbara Marquand writes for NerdWallet.

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Credit Corp

MARCH 25, 2024

However, factors like geographical location, economic climate, real estate interest rates, and global events will influence how much money you’ll need to buy a house. If you make a down payment below 20%, you may be required to get private mortgage insurance. How do home mortgage rates work?”

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Jimerson Firm

DECEMBER 19, 2023

Recently, a federal jury in the Middle District of Missouri found the National Association of Realtors (“NAR”) and two major real estate brokerages—Keller Willams and HomeServices of America—liable under United States antitrust laws for conspiring to fix prices in the class action lawsuit, Burnett v. NAR, et al.

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Sawin & Shea

MARCH 15, 2022

Many people considering this option wonder what will happen to their investment real estate if they file. Your investment real estate’s outcome depends entirely on whether you file for Chapter 7 or Chapter 13 bankruptcy. Investment Real Estate in Chapter 7 Bankruptcy. Chapter 13 Cramdowns.

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Nexa Collect

OCTOBER 31, 2022

Real Estate Management. Snow Removal. Lawn & Garden. Plumbing, Heating, Air. Engineering. Interior Design. Travel Agent. Distribution. Medical / Athena. Construction. Publishing. Credit Unions. Retail/Consumer Misc. Non Profit. Manufacturing. Pharmaceutical. Wholesale, Durable. Social Services Misc. Computer Services. Bail Bonds.

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Credit Unions Credit Unions Manufacturing Collection Agencies 130

Burr Forman

AUGUST 19, 2021

Clarke – Real Estate Law. James McCarten – Litigation and Controversy, Tax, Nonprofit / Charities Law, Tax Law, Trusts and Estates. McKenzie – Real Estate Law. Jeffrey Baker – Litigation – Real Estate, Real Estate Law. Banking and Finance Law, Commercial Finance Law, Real Estate Law.

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Credit Corp

AUGUST 8, 2021

At the risk of stating the obvious, real estate costs a lot. That makes it expensive to invest in, and difficult to diversify among real estate investments. So, what can an investor do if they want to add real estate investments to their portfolio, but only have $1,000 to invest? Publicly-Traded REITs.

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Credit Corp

MARCH 24, 2023

However, real estate offered some much-needed solace for some. According to Morningstar , investor confidence in real estate soared to unprecedented heights in 2022, and it’s easy to see why. However, bad credit doesn’t necessarily bar investors from the real estate market.

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Nerd Wallet

APRIL 19, 2021

Buying a second home is a big upgrade, whether you’re laying claim to your favorite vacation spot or taking a first step into real estate investment. Mortgage options will also be. But the costs involved with purchasing and maintaining a second home add up fast, and vary considerably depending on how you use the property.

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Troutman Sanders

FEBRUARY 29, 2024

Rocket Mortgage, LLC , several homeowners filed a three-count complaint against their mortgage servicer alleging mismanagement of their escrow accounts in violation of RESPA. The plaintiffs also allege Rocket Mortgage failed to properly respond to their qualified written requests (QWRs) for account information. In Akkus v.

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Nerd Wallet

DECEMBER 10, 2020

A short sale in real estate is the sale of a home at a lower price than what’s owed on the mortgage. The transaction requires the lender’s approval and is a last resort to avoid foreclosure when a homeowner can no longer afford to make mortgage payments.

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NCBA Law Practice Management Blog

JUNE 11, 2023

A lot of lawyers eventually become commercial real estate owners. For one, especially if you can buy a property with existing tenants, and assuming you can scrape up a down payment, your mortgage will likely be covered substantially, or in full – as will, perhaps your maintenance and property tax (if applicable) costs.

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Qualco

SEPTEMBER 12, 2023

Throughout the lending process, several factors, such as market conditions, location, maintenance, supply and demand dynamics, regulations, and economic conditions, significantly influence the value of real estate collateral. The module provides an overview of collaterals and real properties, offering access to the following data: 1.

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Jimerson Firm

FEBRUARY 3, 2021

In Florida, lenders may find themselves foreclosing on real property with a mobile home attached to the land. However, a mobile home may be “retired” to the real property and become part of the real property. If the mobile home has been retired and is part of the real property, it will be included in the foreclosure.

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ABI

JANUARY 19, 2024

Nationstar Mortgage LLC , the bankruptcy court held that a debtor’s marital interest in his family residence would become a “property interest” warranting an invocation of the automatic stay against a foreclosure proceeding if he obtained a divorce. [1] Jack Reilly St. 8] The bankruptcy court relied upon the decision from the U.S.

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Jimerson Firm

JANUARY 12, 2023

After interviewing several real estate agents, conducting multiple home showings, staging open houses, and negotiating potential offers, you have finally signed on the dotted line and put your property under contract. There are multiple timelines within a real estate contract to be aware of. Anticipate Delays.

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Credit Corp

NOVEMBER 16, 2021

The low risk of bond default counterbalances the real risk of stock market corrections and crashes. Can Real Estate Fill the Role of Bonds in Your Portfolio? Real estate investments can earn you ongoing income, with low risk and low correlation to the stock market. Which, of course, not everyone does.

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Sawin & Shea

APRIL 10, 2024

Mortgages and car loans are both considered secured debts because they both have backing collateral. Although you can’t eliminate your mortgage or car loan in Chapter 7 bankruptcy and hold onto the collateral, you can reaffirm these debts. This trustee will be in charge of your bankruptcy estate.

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ABI

JANUARY 19, 2024

John’s University School of Law American Bankruptcy Institute Law Review Staff An unpaid secured lender with a prepetition mortgage does not have a right to receive payment of proceeds from a postpetition sale of real property. In 2017, Allegiance Bank loaned Burts Construction, Inc. the “Debtor”) $1.5

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Collection Industry News

OCTOBER 5, 2021

Borrowers struggling to make their FHA mortgage payments now have more time to file for forbearance. Department of Housing and Urban Development , you can now file for forbearance – essentially a temporary pause of mortgage payments – on FHA loans from now until the end of the COVID-19 National Emergency. Source: site.

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Credit Corp

MAY 7, 2021

Are you wondering about the basics of investing in real estate? This article intends to provide a comprehensive introduction to real estate investing, starting with answering questions that experienced real estate investors cannot fully explain, such as what “real estate” is and how it works.

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Jimerson Firm

NOVEMBER 11, 2021

Paying off one’s mortgage can be an exciting time for homeowners. Not only is the homeowner relieved of the burden of their monthly mortgage payments, but they are also finally able to proclaim that the property is owned free and clear. Florida Statute 701.04(2) Step 1: Written Acknowledgment. paid in full). paid in full). notarized).

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Credit Corp

MARCH 30, 2023

The best investments The best investments right now to grow your wealth include: High-yield Savings Accounts Short-term Certificates of Deposit (CDs) Government Bonds Corporate Bonds Real Estate and REITs Individual Stocks Index Funds Exchange-traded Funds (ETFs) Cryptocurrency 1. Which Investment Gives the Highest Returns?

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Credit Corp

JUNE 4, 2021

With the self-directed option, you can invest in “alternative” assets like real estate, precious metals, privately held companies, and yes, cryptocurrency. How to Invest in Real Estate with a Self-Directed IRA. Real estate can be a powerful vehicle to build wealth and financial independence.

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Jimerson Firm

JUNE 23, 2021

Oftentimes, residential and commercial real estate developers or brokers may confront title issues that interfere with the ability to sell or close on a property. A mortgage is a lien that “transfers no title, right of possession, or interest in land.” Riverbend Estates, Inc. , Hall , 197 So. 464, 466 (Fla. 4th DCA 2008).

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Credit Corp

JUNE 10, 2021

Buying and selling real estate for commercial purposes can be an expensive endeavor. Many real estate investors typically have to start out using their own funds or personal credit to cover the cost of their new properties, even when they’re for generating income. How to Build Business Credit for Real Estate.

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Credit Corp

JUNE 5, 2021

Real estate prices went up significantly, and I decided to take some chips off the table. Real Estate Investments. When thinking of investing, real estate is often the first thing that comes to mind. Many experts agree that over time, real estate appreciates about the same as inflation.

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Jimerson Firm

JANUARY 18, 2023

For instance, in the real estate industry, there are several professionals who rely heavily upon referral sources throughout every real estate sales transaction. It is no surprise that a mortgage lending company may seek to protect those sources to prevent unfair competition via non-compete agreements.

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ABI

JANUARY 22, 2023

4] Under section 101(51B) of the Bankruptcy Code, a single asset real estate is generally defined to include a business that generates a substantial amount of its gross income from real estate. [5] 8] In February 2021, M360 initiated a state foreclosure action following East/Alexander’s default on the mortgage. [9]

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Direct Recovery

JULY 13, 2021

Despite the global pandemic, real estate prices across the country have been ripping higher and higher for over a year now, and just about every expert in the field agrees that this explosion in price can’t be sustainable. Check Out the Real Estate ETFs. Don’t Leave Yourself Exposed. Hedge Your Bets.

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Jimerson Firm

AUGUST 3, 2021

Such a pause will likely cause a corresponding temporary dip in condo sales throughout the state of Florida in what has otherwise been an historically hot real estate market. Real estate contracts in Florida are purposely written to favor buyers during the inspection period of the contract.

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Troutman Sanders

JULY 15, 2022

In a July 15 published decision, the Fourth Circuit reversed a West Virginia District Court’s ruling against a mortgage servicer in a purported class action, holding that merely sending a notice of rescission under the Truth in Lending Act (TILA), 15 U.S.C. Reverse Mortgage Solutions, Inc., Reverse Mortgage Solutions, Inc.,

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Qualco

MARCH 12, 2024

Debtors who are serious about protecting their real estate assets or a small business need to feel they are dealing with a real person , capable of displaying empathy while offering options based on professional expertise. Therefore, the need to recruit the right people for collections teams is real and seems largely unmet.

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Collection Industry News

NOVEMBER 16, 2021

Ever see something suspicious on a mortgage application? The possibility of mortgage fraud is rising here in California and across the U.S., Fraud indications in Q2 2021 were found in: The share of mortgage applications with indications of fraud was up 37% from a year earlier. Mortgage fraud: don’t be complicit.

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