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Cory Sherman, a broker with Homegrown Real Estate in Durham, said cash offers from Mark Spain and others have their place in the market. “People buy and sell real estate for a million different ...
Keller Williams, RE/MAX, and Realogy got final court approval for three settlements amounting to $208 million that promise dramatic changes to real estate commissions across the US.
In lending, a pre-approval is the pre-qualification for a loan or mortgage of a certain value range. [1]For a general loan a lender, via public or proprietary information, feels that a potential borrower is completely credit-worthy enough for a certain credit product, and approaches the potential customer with a guarantee that should they want that product, they would be guaranteed to get it.
Certified funds are a form of payment that is guaranteed to clear or settle by a bank or other financial institution certifying the funds. [1] [2] The term is most commonly used in North America in the context of real estate transactions.
Today, Ginnie Mae securities are the only mortgage-backed securities that are backed by the "full faith and credit" guaranty of the United States government, although some have argued that Fannie Mae and Freddie Mac securities are de facto or "effective" beneficiaries of this guarantee after the US government rescued them from insolvency in ...
A secured line of credit generally includes collateral, such as cash, investments or real estate. The benefit of providing collateral is generally more favorable loan terms and a lower interest rate.
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