Currently viewing the tag: "finance"

Overbidding on REO can backfire
Home Sale Hindsight
By Tara-Nicholle Nelson
Inman News™
February 04, 2011

Q: I’m trying to purchase a house in Nevada. The bid was accepted, but in the addendum it states that if the appraisal is lower than the offered price, the buyer will pay the difference […]

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Rates are moving up, breaking through relative long-term averages. If you are considering refinancing…and have waited for the bottom this could well be the TOP of the recent bottom. All indications are that interest rates on mortgages will continue to go up in the foreseeable future. I would imagine that this will also tend to loosen borrower requirements. It just stands to reason that as there are less motivating factors to create a new loan, it will become easier to get a new loan. They have to make loans to stay in business….Louis

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