Buyers Still Waive Appraisal Gap in Some Markets
To secure a home, some U.S. buyers still agree to make up the difference when a mortgage appraisal comes in at less than the contract price – an often risky move.
Broker Promising a 3% Mortgage in a 7% World
About 22% of U.S. mortgages are assumable from a seller to a buyer – largely federal ones, such as FHA loans – and a broker advertises that option to attract customers.
RE Q&A: Should Condo Assoc. Pay Electric Bill?
A condo-wide A/C unit went down, and it gave residents a window unit while awaiting repairs. Should residents also get reimbursed for the cost of electricity?
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