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The National Association of Realtors (NAR) proposed settlement of litigation, recently given preliminary approval by the Court, has raised questions about whether buyers with limited resources, especially first-time home buyers , can afford closing costs. The negotiation would continue until the parties agreed to the terms of the sale.
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The seller might counteroffer that since they are living in the home, they want that access restricted to 5 or 10 days. Related Reading Play the Field and Lose the Game: Work With Just One Realtor (on popehandy.com) What makes an offer lowball? If the buyer agrees, that’s a concession. Let common sense prevail!
Multiple Listing Service: Lenders and Realtors® often use the Multiple Listing Service to list REO properties, making it easy to find options from multiple lenders in one place. Real estate agent: A real estate agent will be able to find REO offerings from multiple lenders in your desired area.
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