It's a buyer's market, according to the National Association of Exclusive Buyer Agents, but sellers who have used their homes like ATM machines are going to be tough to negotiate with, particularly on price.Sellers who are overextended need to sell their properties at the highest possible price to pay off their bills, said NAEBA president Tom Early. "Buyers need to make sure they are just buying the seller's house, not the seller's debts too," he warned. Mr. Early noted that buyers' agents are obligated to negotiate the price down to a realistic level, whereas a seller's agent is obligated to get the seller's price even if it is too high.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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