The residential lending process can be confusing for consumers and beginning real estate agents By Jeff Sorg, OnlineEd Blog (August 26, 2020) OnlineEd – The residential lending process can be confusing for consumers and beginning real estate agents. While most real estate agents will send their clients to a mortgage broker for the qualifying process, it …
Florida tops the list of buyer destinations during the pandemic By Jeff Sorg, OnlineEd Blog (August 19, 2020) (OnlineEd) – Hire a Helper, who has been helping people move for over 10 years, has released what they bill as “The Ultimate Collection of US Moving Statistics” on their web site https://www.hireahelper.com/. The report …
CFPB offers tips and videos to alert the public about how mortgage forbearance works and financial information for those impacted by the COVID-19 Pandemic By Jeff Sorg, OnlineEd Blog (April 3, 2020) WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) has released a video on how struggling homeowners can obtain mortgage forbearance if their finances …
Questions and answers about a real estate escrow By Jeff Sorg, OnlineEd Blog (August 27, 2019) (PORTLAND, Ore.) OnlineEd – What is escrow? Why is escrow important for real estate transactions? Who opens the escrow? When is escrow closed? Find out the answers to these and other questions by watching this informative study video designed to …
FHA responds to the market By Jeff Sorg, OnlineEd Blog (August 22, 2019) To promote homeownership, especially among credit-worthy first-time buyers, the Federal Housing Administration (FHA) published its long-awaited final regulation, and policy implementation guidance, which establish a new condominium approval process. That provides for comprehensive revision to FHA condominium project approval policy. The new policy …
Annual home value appreciation decreased for the seventh straight month in July By Jeff Sorg, OnlineEd Blog (August 16, 2019) SEATTLE, Aug. 16, 2019 /PRNewswire/ — U.S. home value growth continues to slow, according to the July Zillow® Real Estate Market Reporti. The typical U.S. home is worth $229,000, up 5.2% from a year ago – this is the smallest …
” . . . this should be in the form of a joint seller/buyer instruction to escrow; let them do the job they are paid to do.” By Jeff Sorg, OnlineEd Blog (August 14, 2019) (PORTLAND, Ore.) Jeff Sorg – The disposition of a U.S. real property interest by a foreign person is subject to the …
Building permits, housing starts, and housing completions report By Jeff Sorg, OnlineEd Blog (July 17, 2019) (Wahington) US Dept. of HUD – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for June 2019. Building Permits Privately-owned housing units authorized by building permits …
Zillow Now Buying and Selling Homes in Portland By Jeff Sorg, OnlineEd Blog (July 15, 2019) (PORTLAND, Ore.) July 15, 2019 /PRNewswire/ — Starting today, home sellers in the Portland, Oregon metro — including Vancouver, Wash. — can use Zillow Offers to request a cash offer from Zillow to buy their home. Portland is the twelfth market where Zillow now directly buys homes – …
“The seller of the real estate shall, upon accepting an offer to purchase that real estate, have the well tested.” By Jeff Sorg, OnlineEd Blog (June 28, 2019) (PORTLAND, Ore.) OnlineEd – Oregon requires testing of domestic well water during a real estate transaction. This requirement is often referred to as the Real Estate Transaction Law …