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January 24, 2017

Is Running HUD Like Performing Brain Surgery? Let’s Hope So

Realtor-as-Brain Surgeon The best response I’ve seen to Ben Carson’s appointment as the head of Housing and Urban Development (“HUD”) is from a fellow Realtor: “I am a real estate professional and have just been appointed to head up the neurosurgery department for my regional hospital group.  I have never been to medical school, and...
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Financing Addendum: “Buyer Shall Apply For and Secure a Mortgage With an Initial Interest Rate of [ _________ ]”

Traps for the Unwary in an Environment of Rising Interest Rates In the vast majority of Financing Addenda I’ve seen — along with the Inspection Contingency, the two critical Addenda in a Purchase Agreement — the Buyer’s agent fills in the blank above with the word “market.” When rates are stable or falling . . . no problem....
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