What is a Deed of Reconveyance?

In a Deed of Trust, the owner/borrower transfers title to a “Trustee” in order to secure the debt owed to the Beneficiary. Once the loan is paid, the Beneficiary should instruct the Trustee to issue a “Deed of Reconveyance”. Once recorded, the Deed of Reconveyance transfers title to the borrower or current owner. This services …

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Buyer demand continues into October

An analysis of listings data released by realtor.com suggests that homes continued to turn over quickly in October, in defiance of seasonal patterns and in spite of price increases driven by inventory shortages in many markets. The 1.9 million homes listed on realtor.com during October had been on the market for 94 days on average …

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Lenders loosening requirements for home buyers

Online mortgage originator LendingTree’s monthly Credit Accessibility Report shows the average accessibility score for U.S. borrowers rose from 103 to 106 between July and August, indicating that borrowers had easier access to mortgage credit. The Credit Accessibility score is benchmarked at 100, using data from the full year of 2012, which is where it stood …

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Four refinance myths debunked

Interest rates have been at historically low levels for some time now and some borrowers have refinanced two or three times, but there are others who so far have allowed the opportunity to pass them by. I am not referring to borrowers who can’t possibly meet today’s standards. They haven’t refinanced because they can’t. My …

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