Real Estate

Evaluating Mortgage Loan Programs

 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

Top Relocation States During the Pandemic

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

COVID-19 Mortgage Relief, Scams, Online Banking Tips, and Student Loan Relief

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

Real Estate Pre-License Study Video: Understanding the Escrow Process

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 Issues Rule to Include Approval of Individual Units in Non-Approved Condo Projects

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

Home Value Appreciation Has Slowed Each Month This Year

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

Report for Residential Construction Activity in June 2019

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

Starting Today, Portland Home Sellers Can Request a Cash Offer From Zillow

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 –

Oregon Real Estate Transaction Law for Domestic Well Water Testing

“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