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CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

Housing Wire

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.

Contracts 370
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CFPB takes enforcement action against former HECM servicing contractor

Housing Wire

NOVAD, which held the HUD HECM servicing contract for assigned loans from 2014 to 2022 , worked with Sutherland to form the HECM loan servicing operation on behalf of HUD. Celink was awarded the HECM servicing contract in 2022. NOVAD filed a protest in June of that year, but Celink assumed the contract in December.

Contracts 448
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The 22 must-have real estate marketing tools for 2024

Housing Wire

Best features: Templates Upload your brand colors and fonts Premium license-free imagery Starting price: Free Visit Canva Coffee and Contracts Coffee & Contracts is like a social media toolkit for real estate agents. The platform uses advanced data analysis, pulling from over 400 million data points within a 50-mile radius.

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9 tips for homebuyers in non-disclosure states

Housing Wire

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract).

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Real Estate Sales Agreements: Understanding Your Contract

Movoto

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.

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How To Find & Lease Commercial Space for Rent in 2022 [Full Guide]

The Robert Weiler Company

A more established company might choose a commercial space to lease because the contract offers more security over the long term. Rent relates to a short-term agreement between the owner of the commercial property and the renter (or tenant – basically, the individual that pays a fee to use property owned by the other party).

Tenants 144