Home buyers who make cash deposits to their checking accounts that don’t come from payroll checks or income tax refunds during the processing of a mortgage likely will face delays in closing, lending experts warn.
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“Policy and economic uncertainty is undermining consumer confidence,” says NAHB.
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J.D. Power releases the results of its 2013 survey showing the mortgage lenders that customers rank the highest.
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Hispanics faced the biggest decrease in household wealth compared to any other demographic group during the recession and housing crash, surveys show.
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The areas experiencing the highest foreclosure rates tend to be judicial states, which are prone to delays in the foreclosure process.
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