Tag Archive for: rent-backs

Rent Backs; Flips; Fake Lender Credits; Fed Day; DeepSeek = Deep Fake?

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On Monday I blogged about how the sudden emergence of the Chinese AI firm, DeepSeek, crashed the markets – making the point that because it was developed with so little money, it posed a huge threat to America’s dominant AI firms.Read More

Mortgage Reminders: My Inconsistent Fed Comments; Rent Backs; Owner Occ Ratios; Attached PUDs/Townhomes; 12 Condo Considerations

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Here are a few random reminders. Powerless Fed Vs. Inflation-Causing Fed. In response to my recent blog about the Fed being “Powerless,” I got this comical point from an agent I […]Read More

Offer Rent-Backs To Get Offers Accepted; ARMS Are Back!

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After reading this recent blog, a friend of mine who owns a mortgage bank reminded me of one more reason why jumbo rates are lower than conforming rates. Big banks will sometimes buy loans at a loss because they expect to make money by “cross-selling” other products (HELOCs, Financial Planning, Premium Accounts, etc.) to well-qualified borrowers.Read More

Apology to Coldwell Banker! Rent Back & Max Financed Property Reminders

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I want to extend my sincerest apology to Coldwell Banker, and particularly to all of the excellent Coldwell Banker agents we get to work with regularly! On Monday, I blogged about the shutdown of an excellent brokerage and brand (Climb) and my only point was to remind agents of the importance of fully establishing their personal brand.Read More

Pending Divorce Can Be A Deal Killer; Rent Backs; Delayed Financing

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Here a few quick reminders: Pending Divorces can be deal killers. This is b/c underwriters need to know what the final obligations will be for both spouses before they can […]Read More

60 Day Rent Backs Allowed; Good for Sellers Who Need New Home

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Quick Reminder: Lenders allow rent-backs for as long as 60 days after close of escrow. Hence, sellers can remain in a home and rent it back from buyers for 60 […]Read More