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Tag: settlement

Cash Buyer Discounts For A Fast Home Sale?

Cash Buyer Discounts For A Fast Home Sale?

Question: Many buyers in today’s market are purchasing homes for cash. Sometimes cash buyers say they should get a discount because they can settle faster. Is this true? Answer: It’s likely true in most jurisdictions that cash buyers can settle faster than purchasers who need mortgage financing. However, this is not necessarily a reason for […]

Posted in: News
Real Estate: Why Paperwork Should Be Paper

Real Estate: Why Paperwork Should Be Paper

Millions of settlements will take place this year and a growing number of them will involve the use of electronic documentation, a development which will be cheered by those who hope to speed the closing process and save a few trees while we’re at it. Unfortunately, and I don’t mean to dash anyone’s hopes, the […]

Posted in: News
New Loan Estimate Form Cuts Mortgage Costs

New Loan Estimate Form Cuts Mortgage Costs

A new loan estimate form has been issued by the Consumer Financial Protection Bureau (CFPB). Use of the new document will be mandatory as of August 1, 2015, however it can be expected that many lenders will start using the new form as soon as possible. Under federal rules lenders must provide a good faith […]

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American Chopper: Peace at Last?

American Chopper: Peace at Last?

In the final few minutes of American Chopper’s last episode of the season there was finally the hug between Paul Teutul, Sr. and Paul Teutul, Jr. Like Sam Cooke said, it’s been a long time coming…. As difficult and awkward as the situation is, the Teutuls at least had the courage to sit down and […]

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Foreclosure Activity Tumbles To 5-Year Low, Says RealtyTrac

Foreclosure Activity Tumbles To 5-Year Low, Says RealtyTrac

Foreclosure filings fell in the first quarter but the mortgage and housing crisis is hardly over. RealtyTrac, the leading source of foreclosure data and listings, says that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 572,928 properties during the first quarter, down 16 percent from the same period in 2011. “The low […]

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RealtyTrac: Foreclosure Activity Up As Robo-Signing Cases Tail Off

RealtyTrac: Foreclosure Activity Up As Robo-Signing Cases Tail Off

With arguments regarding robo-signing and note ownership drawing to an end, RealtyTrac reports that foreclosure activity  — default notices, scheduled auctions and bank repossessions — were reported on 206,900 U.S. properties in February. That’s up 8 percent from February 2011. “February’s numbers point to a gradually rising foreclosure tide as some of the barriers that have been holding […]

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Realty Trac: Foreclosures Equal 24% of US Home Sales

Realty Trac: Foreclosures Equal 24% of US Home Sales

Almost one of every four home sales was in some stage of foreclosure at the end of 2011 according to RealtyTrac, the leading source of foreclosure and REO data and listings. The data confirms what has long been expected: Real estate inventory is swollen with distressed property — and as long as the available housing […]

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RealtyTrac: Foreclosure Activity Slumps 14% — But Rise Likely In 2012

RealtyTrac: Foreclosure Activity Slumps 14% — But Rise Likely In 2012

Foreclosure filings in November fell 14% when compared with last year according to the latest Realtytrac survey. Foreclosure filings include default notices, scheduled auctions and bank repossessions. In total, 224,394 homes received foreclosure filings. The filing decline may seem like good news and surely it’s a welcome relief for many families, however behind the lower […]

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American Chopper Vs. Jesse James: Who Really Wins?

American Chopper Vs. Jesse James: Who Really Wins?

The stage is set for the most-publicized motorcycle build-off in recent memory. The two-night battle to be shown live from the Hard Rock Cafe in Las Vegas will feature three well-televised bike builders, Paul Teutul Sr. with Orange County Chopper, Paul Teutul, Jr. from PJD designs and Jessie James, the once-host of Discovery’s Monster Garage […]

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October Foreclosure Activity Down 31 percent, Says RealtyTrac

October Foreclosure Activity Down 31 percent, Says RealtyTrac

Foreclosure activity remains hounded by robo-signing disputes. The result is that October foreclosure filings were down 31 percent when compared with a year ago according to RealtyTrac, the leading online marketplace for foreclosures. The company said that foreclosure filings for October — default notices, scheduled auctions and bank repossessions — were reported on 230,678 U.S. properties in October, […]

Posted in: Foreclosures