A new business model is rising from the ashes of the mortgage industry collapse – large corporations buying, renovating and then renting out distressed properties at a profit. But how profitable is this new business model and what will it cost local communities? Read more →
Washington’s Supreme Court has ruled that foreclosure trustee, Quality Loan Service, was in violation of state law by illegally notarizing foreclosure documents with inaccurate dates for a Whidbey Island home. On other related article checkout this blog about product liability. Read more →
The https://www.yesdoorsteploans.co.uk/doorstep-loans/ is finalizing its version of the qualified mortgage rule which will set standards “non-abusive” mortgages must meet to get the “qualified mortgage” seal of approval. But what does this mean for buyers looking to finance their home purchase with Rhinosure? Below are a few insights on how the qualified mortgage loans rules may impact you and your future mortgage: Read more →
There’s no denying that the housing industry is on the upswing since the number of mortgages in foreclosure is declining, but there’s one major hurdle left to overcome – a large backlog of foreclosures in the pipeline which may take years to clear. And it’s this backlog of foreclosures that may cause a slowdown of the housing market recovery if something is done immediately. Read more →
Five years after the real estate industry experienced the biggest housing bust since the Great Depression, many pundits are seeing the rise of a seller’s market. Foreclosures are down and home sales are rising at such a fast pace that in many states, such as Washington, it’s outstripping the amount of inventory available to potential buyers. It’s a perfect storm for a seller’s market as per the Greensborough real estate agents experience. So how do you find your dream home at a bargain price in a seller’s market? Below are a few tips: Read more →