Some lenders are turning to drones or a computer algorithm to appraise properties, and the practice may grow more common under a new federal proposal. Regulators want to allow the majority of U.S. homes valued under $400,000 to be exempt from current requirements for human-conducted appraisals. More than two-thirds of homes nationwide sell for $400,000 …
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The Manhattan real estate market stumbled in the third quarter of 2019, new reports show, as prices plunged and fewer buyers were willing to purchase higher-priced properties in the wake of two recent tax increases. The median sales price for properties fell 17 percent from the same quarter last year, to $999,950, according to new data from CORE. The …
NYC housing prices in near ‘free fall,’ conditions mirror recession era Read More »
The California legislature has approved a measure that would cap rents throughout the state, and Governor Gavin Newsom has vowed to sign it into law. The law would cap rent hikes throughout the state at 5% plus inflation, up to a maximum of 10% a year, while prohibiting landlords to evict tenants without “just cause.” …
From ZBS Law, LLP www.zbslaw.com Earlier this year, California Governor Brown signed the bill, AB 2343, which affects the notice period in non-payment of rent and breach of covenant of lease unlawful detainer actions and the response period in all unlawful detainer actions. The bill goes into effect on September 1, 2019 and will cause …
New California Law Affecting Notice and Response Periods in Eviction Actions Read More »
READ MORE: https://www.zerohedge.com/news/2019-08-27/mortgage-defaults-rise-first-time-financial-crisis
The world’s headlong dash to zero or negative interest rates just passed another milestone: Homebuyers in Denmark effectively are being paid to take out 10-year mortgages. Jyske Bank A/S, Denmark’s third-largest lender, announced in early August a mortgage rate of -0.5%, before fees. Nordea Bank Abp, meanwhile, is offering 30-year mortgages at annual interest of …
A bank in Denmark is paying homebuyers to take out mortgages Read More »
(not receiving it? Use the CONTACT US form in the tab above and ask to get on the email list) Click on a line to read the story: Real Estate Loan Fund CEO Guilty Of $1.3 Billion Fraud – Thousands Of Investors Victimized Yet ANOTHER Real Estate Note Fraud Landlords Sued For Not Renting To …
If you missed recent News Of Notes & Real Estate Week In Review… Read More »
Alaska recently amended its law regarding exemptions from mortgage lender, broker, and loan originator licensing requirements to, among other things, exempt bona fide nonprofit organizations and seller-financed lenders from certain requirements. The changes for bona fide nonprofits will become effective on January 1, 2020. Seller-financing license exemptions became effective on July 8, 2019. Individual sellers of seller-financed …
New Alaska Law Exempts Seller Mortgages from Certain Mortgage Licensing Requirements Read More »
If you think buying a fixer-upper house is going to save you money, think again, one survey says. Porch.com recently published a survey on turnkey homes versus fixer-uppers and found that even when fixer-upper homeowners stay within their budget, they end up spending about as much as homeowners who purchased a move-in ready house, on average. On average, people who purchased a move-in …
Fixer-upper or move-in ready home? Which one really costs more Read More »
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