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LoanSnap troubles continue as California revokes its lender license

Housing Wire

The company was evicted in May from its office in Southern California, with the landlord seeking unpaid rent of more than $530,000. These actions include a Wells Fargo suit filed in Minnesota, where the bank sought more than $430,000 over an alleged breach of contract.

Landlords 396
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Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes

Housing Wire

1, 2023, the jointly development Uniform Property Dataset (UPD) for the government-sponsored enterprises (GSEs) became active and included a data standard for condos, according to the Selling Guide. This new dataset will replace our proprietary data standard on April 1, 2024.

Retail 408
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LoanSnap loses mortgage lender license in Connecticut

Housing Wire

The landlord now seeks judgment for unpaid rent in the amount of $537,304. In November 2023, Wells Fargo sued LoanSnap for $431,511 in a district court in Minnesota, alleging breach of contract in selling a mortgage that did not meet contractual requirements, such as excessive and unsupported debt-to-income ratios. Perez on Oct.

Mortgage 366
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Single-family rental market slammed by headwinds

Housing Wire

That market contraction, along with a more difficult inflationary operating environment for property owners and businesses generally, is also expected to be a drag on the potential volume of loan originations secured by single-family rental properties. by the end of 2023,” the MBA’s December market-forecast report states.

Marketing 433
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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. If the lot is zoned for commercial use, they do well to develop it as a retail space or other business, and later serving as the landlord.

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Warehouse Space in Columbus, Ohio: 17 Actionable Steps to Find, Lease & Organize Your Next Hub

The Robert Weiler Company

Industrial real estate investors and developers can’t add new properties to the market fast enough. According to a recent report from commercial real estate development association, NAIOP , there is a lot of optimism for the industrial sector, nationally, as supply chain conditions steadily improve. Ask your current landlord.

Landlords 144
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7 best real estate schools in Massachusetts for 2024

Housing Wire

Features Commercial Real Estate Basics and 5 other landlord and tenant courses Broker Prelicensing $420 Online Broker Supervised Video Course: Webinar. Features Commercial Lease Clauses of Tenant Concerns: Part III and other residential courses C Gold Package 12 Hrs: Includes 12 hrs of CE for MA commercial real estate. Mon – Sun access.