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The median home price in South Florida has increased 31 percent since May 2015 – and so has the median salary that banks say you need before they’ll approve a loan on that home. And that’s a problem,
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At the same time, a drawn-out foreclosure process snags abandoned properties in a sort of limbo, where neither the owner nor the lender or loan servicer. McClintick said. Experts say the problem of.
Liliana Valencia of Worldwide Properties Inc. in Miami is no exception. For the past 13 years, she’s been working hard in the South Florida. of mortgage solutions-all in the language of their.
The conspirators inflate the price of the property, to get the biggest loan. Miami-based banking expert and lecturer at the Wharton School at the University of Pennsylvania in Philadelphia, said.
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Some experts. pay higher mortgage interest rates (typically 5.5% to 6%) and make larger down payments (usually 35% to 50%) than domestic buyers. Often the leveraging strategy involves refinancing a.
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The data found that the price for a three-bedroom single-family home in Denver, CO increased nearly 12%, followed by Orlando, FL and Miami. latest Black Knight Mortgage Monitor is out, and it takes.
Law360 (June 29, 2018, 11:27 PM EDT) — Wells Fargo escaped a Fair Housing Act lawsuit from Miami Gardens, Florida. lending. The city, in northwest Miami-Dade County, contended that Wells Fargo &.
Ben Hodas, a Miami divorce lawyer who is known for handling divorce cases of the wealthy in South Florida, said he has also. from the title and take over the mortgage. “What if the husband can’t.
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