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Southwest Virginia real estate couple indicted on federal fraud, identity theft charges: The couple created at least 19 fraudulent sales contracts to fraudulently obtain money
Source: WSLS--- A Wise, Virginia couple who owned and operated a local real estate agency has been indicted on federal fraud and identity theft charges. 40-year-old Jessee Allen Deloach and 38-year-old Natasha Ashley Miller Deloach owned Koltown Properties, which has...
Family and Real Estate: Should Agents Disclose That They’re Related to a Client?
Source: Realtor.com --- Let’s say you’ve just decided to sell your home and your favorite sister-in-law is a real estate professional. It follows that you may go to her for advice, and maybe even ask her to be your seller’s agent. (Ditto if you’re looking to buy in...
Home prices keep shattering records: How can buyers cope?
Source: Bankrate --- Home prices can’t keep going up forever. Can they? During the COVID-19 contagion, Americans proved willing to pay a premium for homes — so much so that home prices shattered all records. Spurred by historically low mortgage rates, lack of...
2022 home prices will keep rising at or near double digits, predicts the analyst who called the current housing boom
Source: Fortune --- For this writer, Ed Pinto makes the most accurate predictions of all the real estate world’s data-crunchers on where housing prices are heading. Pinto, director of the American Enterprise Institute’s Housing Center and former chief credit officer...
Zillow reportedly needs to sell 7,000 houses after it bought too many
Source: The Verge --- Zillow is trying to offload around $2.8 billion worth of houses onto investors after it bought them with the intent of selling them to hopeful homeowners and landlords, according to a report by Bloomberg. This...
Mortgage Bond Sales Surged in October
Source: Wall Street Journal --- Mortgage companies in the U.S. issued $21 billion of mortgage-backed bonds in October, the second heaviest month of borrowing since the 2008-09 financial crisis, according to research by Bank of America Corp. One reason: It is cheaper...
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