A buyer purchases an SFR, occupies the property and begins renovations. Several months later, the buyer discovers the seller misrepresented the property prior to closing the purchase agreement.
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TransUnion predicts 700,000 boomerang buyers will be eligible to re-enter the national housing market this year, but will they want to return?
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Professional appraisers are setting home market values at 1.15% lower than owners expect. These owners cling to grandiose money illusions, creating an accelerated pricing phenomenon much like sticky pricing.
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A recently proposed moratorium on the construction of new housing units in San Francisco’s Mission District was rejected by the city’s Board of Supervisors. The proposed moratorium sought to combat rent hikes on the existing units populated by low- and moderate-income families.
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A homeowner obtains a purchase-assist mortgage and later defaults. The mortgage holder begins foreclosure and eventually records a notice of trustee’s sale (NOTS), after which a new servicer takes over the mortgage.
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