Russell Brazil
New Maryland Real Estate Laws
Two important pieces of legislation took affect on October 1st. The first which cover the whole state is a change in the agency law. Previously if you were a buyer working with an agent, and you did not have a written...
Mike Day
Can a lender charge you PMI with a 20% down payment??
Hi all. So I was just getting my jollies by reviewing my escrow statements today, and I noticed I'm being charged each month for PMI, even though I put 20% down. I understand you can write to your lender and request t...
Jeffrey Tufenkian
Newish investor from Portland, OR
Hi BP members! I've appreciated dropping in on and searching and finding some interesting threads and great info here and in Podcasts, but never really introduced myself. My background is mainly nonprofit advocacy bac...
Jared Newman
Foreclosing on Individual vs. LLC
Is it easier to foreclose on an LLC or an individual in a judicial state? Or, is it the same?
Bob Malecki
Higher-Priced Mortgage Loans Impound Requirements
Well, this note biz always has a new twist thanks to the feds. We just got this email from our servicer in regards to a loan that we purchased which is a fully amortized, owner occupied, 30 year P&I note at 12% co...
Account Closed
Ouch! Opendoor to Settle Claims of Deception for $62 million
Will Zillow & OfferPad be next?
Opendoor Labs, an online homebuying platform, agreed Monday to pay $62 million to the Federal Trade Commission to settle claims that it used misleading marketing practices to persu...
Corey Dutton
Loans for Bad Credit Don't Reach Homeowners
Since the credit crisis of 2008 and 2009, homeowners and prospective homeowners with bad credit, have had a hard time obtaining home loans. Although the credit limits were lowered for FHA loans, many high net worth...
Sam Leon
MOVE (realtor.com) acquires Point2's listing syndication arm
Following recent news of Zillow acquiring Trulia, Move made a move today. Curious to see how the pros here think of this move. Would it help realtor.com be more competitive to Zillow?InPlay from Briefing.com9:03 am ...
Chris Seveney
Interesting Title Insurance Claim Decision
I found this article interesting as I have been involved in title claims on numerous occassions. In this case, because the bank handled the recording of the mortgage and the bank was careless in its process they denie...
Mike Schorah
What’s the Maryland wholesaling bill that’s trying to make wholesaling illegal?
I heard they’re trying to make wholesaling illegal in Maryland.
I guess you’ll only be able to do 2 deals a year in Maryland. It looks similar to the Illinois law, but you’ll be able to do 2 deals a year, not 1 dea...