Commercial Lenders Use Old Tricks to Help Owners
“The goal is not to take something in, foreclose and sell it,” it’s to work things out, deal with cooperative borrowers and “get them back to performing status.”
FHA Borrowers to See New ‘Supplemental Consumer’ Form
After Aug. 28, lenders must give FHA borrowers a Supplemental Consumer Information Form (SCIF) to identify language preferences and other buyer history.
Why Don’t More Buyers Consider a Fixer-Upper?
In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates.
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