Remove Contracts Remove Finance Remove Market Value
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Selling your home to a family member in 5 easy steps

Housing Wire

A controlled transaction can be subject to tighter IRS scrutiny, especially if the property is sold below fair market value. Discuss financing. Contingencies in the agreement protect both parties if problems arise during the appraisal, inspection, or financing stages of the transaction. Are they buying with cash?

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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins.

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Polly adds Total Expert to its API integration roster

Housing Wire

“Having the most up-to-date market information at your fingertips is crucial for lenders to effectively communicate and engage with consumers to help educate them on financing options available when purchasing a home,” said Josh Lehr , senior director of partnerships and industry technology at Total Expert.

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Pennymac launches two MSR-backed private offerings

Housing Wire

The five-year notes bear an interest rate of 4.19% above the 30-day average Secured Overnight Financing Rate, or SOFR, according to the SEC document. The bond-rating reports for both offerings indicate that the agency MSRs serving as collateral do entail some risk.

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Big non-agency players prepare for a blockchain future

Housing Wire

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . million in crypto-loan value across 35 homes that have a total market value of some $44 million.

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Market Value: Who Says What It Is?

McKissock

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”. “the

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Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. A copy of your contract with the seller. Clear the title.

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