How Many Credit Checks Before Closing on a Home?
Navigating the purchase of a home can be overwhelming for first-time buyers. Lenders require documentation of seemingly every detail of your life before granting a loan.
Similar Posts
Study: Connecticut still trailing U.S. on foreclosures
ByadminRegistration will allow you to post comments on ctpost.com and create a ctpost.com Subscriber Portal account for you to manage subscriptions and email preferences. A Mcallister Avenue home in Norwalk, Conn., which was seized by a mortgage lender in May 2018 under a foreclosure action, and has been put on the market for $ 354,000….
Cook Co. forest preserve purchased for $14.5m closed amid land dispute
Byadmin“Forest Preserve of Cook County does not have possession & has no right to enter this property or permit others to do so,” the warning reads on a locked gate at Horizon Farm a rolling, 400-acre horse farm in Barrington Hills. The notice was posted by Rich and Meryl Squires Cannon, who assert they are…
How these hurricane-ravaged states have avoided a housing disaster — so far
ByadminAfter Hurricane Harvey soaked Houston with 51 inches of rain last August, Amir Befroui, a foreclosure defense specialist at Lone Star Legal Aid, started planning for a very busy spring. That's when the 90- and 180-day break on payments that mortgage companies typically give homeowners who have been hit by unexpected events like natural disasters…
Brooklyn developer escapes foreclosure on Crown Heights project
ByadminDeveloper Toby Moskovits has found a lifeline for a 193-unit rental property her company, Heritage Equity Partners, just finished building in Crown Heights. Heritage had been locked in a legal dispute with its previous lender, Benefit Street Partners, which held nearly $ 90 million in debt against the project. Foreclosure News
Risk is building in the housing market
ByadminA recent American Banker article speculated about financial system weaknesses that might lead to the next economic crisis. Some of the issues on the list, like student debt, seem unlikely to lead to a crisis but are more likely to re-emerge as a serious problem for the financial sector once an economic downturn occurs. Foreclosure…
Recent Illinois Court Decision Illustrates Pitfalls of Multiple…
ByadminWhile Illinois mortgagees have the option of recouping delinquent mortgage loan debt through different types of lawsuits, the pursuit of this option can violate Illinois' prohibition on refiling the same cause of action. A recent decision illustrates the pitfalls of a mortgagee's numerous lawsuits filed on the same default and debt in reliance upon Illinois'…