Failure to qualify for a mortgage: Top 3 reasons · PERT Florida Real Estate School

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Top 5 Reasons People Fail the Real Estate Exam . In my more than 15 years preparing folks for the real estate licensing exam, I have pretty much seen it all.One of the wonderful things about what we get to do every day is meet people from all walks of life, all educational levels, with varying backgrounds and understanding of the real estate business as a whole.

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If you do decide to look for one, review the different types of reverse mortgages, and comparison shop before you decide on a particular company. Read on to learn more about how reverse mortgages work, qualifying for a reverse mortgage, getting the best deal for you, and how to report any fraud you might see.

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Most state approved "Buy/Sell Real Estate Contract" has specific clauses allowing the buyer to cancel without damages or creating a cause of action. The contract in Colorado (the only one I am familiar with) allows for cancellation should the mortgage sought not be forthcoming, or the appraised value does not meet the sales price, or the.

If you fail to pay your mortgage in Florida, the foreclosure process will begin when your lender files court action and records a notice of a pending lawsuit against you. You’ll be notified by mail with a specified timeline that you’re required to respond by. If you don’t respond within the timeframe, the foreclosure process continues.