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The cannabis industry has grown significantly over the past decade, with legal sales projected to reach $66 billion by 2025, according to Grand View Research. Despite this growth, those working in the cannabis sector often face challenges when it comes to securing mortgages due to federal regulations. Cannabis remains classified…

When navigating the complex landscape of mortgage options, understanding the roles and implications of different borrowing arrangements is crucial. One often discussed yet less understood concept is that of a non-occupying co-borrower mortgage. This type of mortgage allows individuals who are not living in the property to co-sign a loan,…

The real estate industry, particularly in the realm of mortgage title insurance, is witnessing a significant transformation thanks to blockchain technology. This innovative approach uses a distributed ledger to record property transactions, making them more secure and transparent. By leveraging blockchain, title insurance companies can improve efficiency, reduce risk, and…

Purchasing a home with delinquent property taxes can be a complex process, often involving tax lien subordination, property tax loans, and careful consideration of escrow arrangements. Understanding these concepts is crucial for both homebuyers and investors looking to navigate this challenging landscape. Understanding the Challenges of Delinquent Property Taxes When…

Mortgage seasoning is a critical factor for homeowners looking to leverage their property's equity through cash-out refinancing. This process involves replacing an existing mortgage with a new one that includes a larger amount borrowed against the home's equity. However, understanding the specific requirements and restrictions associated with cash-out refinancing is…

Natural disasters have become increasingly prevalent and devastating, impacting various sectors, including mortgage servicing. The rising frequency and severity of events like hurricanes, wildfires, and floods pose significant risks to homeowners, lenders, and the broader financial system. This article explores how natural disasters affect mortgage servicing, focusing on disaster forbearance…