Top Headlines
Massachusetts Governor Warns Steward Health Care on Hospital Closings
“I’ve been clear with Steward, they need to stay open for 120 days,” Healey said. Continue Reading Massachusetts Governor Warns Steward Health Care on Hospital Closings
Minnesota Foreclosure Rescue Service in $240K Settlement Over Compliance Errors
Dwell Equities agreed to stop engaging or continuing a foreclosure rescue service or engage in equity stripping. Continue Reading Minnesota Foreclosure Rescue Service in $240K Settlement Over Compliance Errors
Elvis Presley’s Granddaughter Fights to Stop Graceland Foreclosure Sale, Claiming Fraud
Danielle Riley Keogh said the foreclosure sale is based on fraudulent paperwork. Continue Reading Elvis Presley’s Granddaughter Fights to Stop Graceland Foreclosure Sale, Claiming Fraud
FDIC Chairman Pledges to Resign When Successor is Confirmed
Gruenberg ‘s action prevents FDIC Vice Chairman Travis Hill, a Republican, from becoming acting chairman. Continue Reading FDIC Chairman Pledges to Resign When Successor is Confirmed
Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale
Jackeline Estrada and her buyers amicably agreed to cancel the sale. Continue Reading Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale
Dave Ramsey Warns of a Dangerous ‘Plot Twist’ You Could Face With Rent-to-Own Homes. Here’s What It Is
Source: The Motley Fool --- Rent-to-own is one approach to buying a home, but it's not a conventional approach. Basically, if you opt for a rent-to-own arrangement, you enter into an agreement with a property owner that enables you to purchase the property you are...
Mortgage rates could continue rise to 8.5%: NAR
Source: The Real Deal --- Mortgage rates could climb another 1.5 percentage points, according to a leading economist. National Association of Realtors chief economist Lawrence Yun predicted that interest rates could be on their way to 8.5 percent if they pass a...
Inside Meryl Streep’s Stunning Real Estate Portfolio
Source: Architectural Digest --- Because of Meryl Streep’s star power, it may come as a surprise just how relatively normal and low-key her personal life is. The prolific actor, who has been married to sculptor Don Gummer for 43 years and counting, holds the record...
Some Real Estate Agencies Are Scrambling To Find Alternative Sources Of Revenue
Source: Yahoo --- In an effort to boost its revenue, real estate listings giant Zillow Group Inc. started a home-flipping business that it believed would create an alternative revenue stream to just marketing properties online. That strategy didn’t last long after...
Wraparound Mortgage: What Is It And How It Works
Source: Forbes --- If you’re having trouble qualifying for a traditional mortgage, there may be another financing option available. A wraparound mortgage is a form of seller financing that’s designed to benefit both parties in the purchase. Buyers may have a better...
It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan
Source: CNBC --- It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News...
Hedge Fund Investor Who Called Housing Crash Eyes Venezuela Debt
Source: Yahoo Finance --- A hedge fund manager who correctly timed the crash of the US housing market and a crypto currency rally eight years ago thinks he’s found his next overlooked investment: Venezuelan debt. Bonds the country defaulted on nearly five years ago...
US Housing Market Cooling Off from West to East
Source: Fitch Ratings --- Fitch Ratings-New York-10 October 2022: Fitch Ratings estimates that U.S. home prices were overvalued by 12.2% for 2Q22 on a population-weighted average basis, according to a new Fitch Ratings report. Fitch expects that the overvaluation will...
What Is Metaverse Real Estate?
Source: Binance Academy --- Introduction The concept of the metaverse and digital real estate go hand in hand. But like many crypto trends, media coverage hasn't provided sufficient clarity. Just as it is with any other investment, it’s crucial to grasp the idea of...
‘Kicking myself I didn’t move faster’: fear and panic grips housing market
Source: The Guardian --- The phone has all but stopped ringing at Mullucks estate agent in Bishop’s Stortford – except for calls from buyers with bad news about collapsing chains. Since the chancellor Kwasi Kwarteng’s mini-budget two weeks ago, a chill has spread...
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