Keeping Current Matters

JUNE 10, 2021

The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages. Here are the results of that regulation, captured in a graph depicting the number of failed banks since 2007.

Bankruptcy 239

Bankruptcy Banks Short sale Industrial 239

Keeping Current Matters

JULY 28, 2021

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the overwhelming fear was the pandemic would decimate the housing industry in a similar way. In 2008, there was a 9-month supply of listings for sale.

Short sale 264

Short sale Equity Principal Mortgages 264

Housing Wire

FEBRUARY 19, 2021

Existing home sales rose for the second consecutive month , as January saw a seasonally-adjusted annual rate of 6.69 Sales easily could have been even 20% higher if there had been more inventory and more choices,” Yun said. million purchases – up a robust 23.7% year-over-year. You can thank Millennials for that.

Sales 542

Sales Short sale Mortgages Industrial 542

Realty Biz

FEBRUARY 12, 2023

Prior to this, “you needed access to special lists, or maybe know someone in the industry,” Christina says. Public records indicate when a bank has served notice that a property is in default, but before it goes to auction,” Christina says. “If Buying a home is a major investment. Today it’s much different, however.

Short sale 115

Short sale Banks Staging Principal 115

HomeLight

AUGUST 31, 2021

A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. A home goes through several steps before the bank physically takes over the house and sells the property. Distressed sales accounted for just 1% of all home sales in April 2021. Short sale.

Pre-approval 96

Pre-approval Short sale Banks Finance 96

Housing Wire

AUGUST 31, 2020

The system also offers loss mitigation, modifications, short sales and repayment tracking functionality. Mortgage Servicer supports agency investor reporting, including Fannie Mae, Freddie Mac, Ginnie Mae and Federal Home Loan Bank, as well as other industry standard and private reporting methods.

Mortgages 209

Mortgages Investor Short sale Loans 209

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. For example, the average sale price of a home from January to March 2007 was $322,100. The housing industry plays an important role in the economy. Shop around for the best mortgage rates.

Title search 59

Title search Short sale Title Fixed-rate mortgage 59

Realty Biz

NOVEMBER 18, 2021

One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale. A Broker Price Opinion (BPO) is very similar to an appraisal except that a real estate broker (or agent) does it rather than a lender’s appraiser. The broker’s opinion, in other words. The Foundation of a BPO.

Short sale 111

Short sale Inspection Loans Banks 111

Lighter Side of Real Estate

OCTOBER 31, 2022

At this point everyone knows not to fall for the email from a Nigerian prince promising to share his fortune with you if you just send him your banking information. After all, that scam has been around almost as long as the Internet has existed, and most people have seen it at least once! 1) Asking you to wire escrow or closing cost money.

Closing costs 145

Closing costs Title Banks Short sale 145

RIS Media

APRIL 21, 2022

Independent Mortgage Banks (IMBs): 1.29% (previous month: 1.44%). resulted in repayment plans, short sales, deed-in-lieu or other reasons. The share of other loans (e.g., portfolio and PLS loans) in forbearance decreased relative to the prior month: from 2.72% to 2.44%. Depositories: 0.86% (previous month: 0.97%).

Loans 101

Loans Mortgages Staging Short sale 101

Realty Biz

MAY 21, 2023

Miami-Dade County $1 million+ luxury home sales continued outperforming pre-pandemic levels as total median sale prices rose once again as the market leads the nation in real estate appreciation, according to April 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 92

Sales Short sale Fixed-rate mortgage MLS 92

RIS Media

MARCH 23, 2022

The decrease of forbearance shows the inverse effect of improving rates for both total borrowers and borrowers in workouts, which rose for the first time since June 2021, according to Marina Walsh, CMB, MBA’s vice president of industry analysis. Independent Mortgage Banks (IMBs): 1.44% (previous month: 1.59%). By stage, 30.1%

Loans 91

Loans Mortgages Staging Short sale 91

RIS Media

FEBRUARY 25, 2022

Independent Mortgage Banks (IMBs): 1.59% (previous month: 1.66%). resulted in repayment plans, short sales, deed-in-lieus or other reasons. According to MBA’s estimate, 650,000 homeowners are in forbearance plans. The share of Fannie Mae and Freddie Mac loans in forbearance decreased 4 basis points to 0.68%. By stage, 26.8%

Loans 92

Loans Mortgages Staging Short sale 92

RIS Media

SEPTEMBER 21, 2020

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. The fee, usually 0.3 – 1.5

Pre-approval 61

Pre-approval Pre-qualification Title search Inspection 61

The Close

MARCH 15, 2022

This practice will put further strain on the already short-handed new home industry and prevent more new homes from being built for individual homeowners. That’s why I decided to write this article explaining what a real estate bubble is, if we’re in one now, and most importantly, if or when I think the bubble might pop. It gets worse.

Agents 97

Agents Investor Banks Land 97

The Close

DECEMBER 27, 2022

Preforeclosure and bank-owned properties, or REO. But it took time and experience to figure out the particular moments in a real estate market cycle that are better for different types of investing. While tracking market cycles is widely accepted in the stock market, it has been strangely ignored in real estate investing. Stage 1: The Turn.

Investor 94

Investor Staging Marketing Banks 94

HomeLight

AUGUST 16, 2021

You’ll learn how to prospect for distressed properties, how to approach homeowners, how to work with banks, and much more that will position you as the local expert with solutions to help those in need. Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Links and Show Notes.

Marketing 75

Marketing Short sale Bankruptcy Banks 75

Real Trends

JANUARY 25, 2023

In combination with the vacation rental industry , this niche includes standard single-family homes and multifamily apartments, as well as: Room rentals Full-service apartments Student housing 2. It’s also important to note that luxury home sales are just as uncertain as any other type of home. Today is no different.

Homeowner’s association 75

Homeowner’s association Finance Agents Short sale 75

Notorious ROB

JANUARY 30, 2023

A friend asked me to write something up short and to the point, to explain what this ruling does and does not mean for the industry as my last law-nerd post was “heady” which I knew it to be. More concerning are the victory laps being taken, and the idea that “The DOJ threat is now gone!” NAR, Moehrl v.

Short sale 75

Short sale As-is Industrial Closing 75

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. After all, great communication leads to closed deals. Active contingent.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

Realty Biz

MARCH 21, 2023

Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) systems.

Sales 101

Sales MLS Short sale Residential 101

RIS Media

MARCH 25, 2021

When the housing bubble burst, roughly nine million families lost their homes to foreclosure or short sale between 2006 and 2014. The short answer is “not likely.” Loose mortgage lending practices ultimately brought down some of the nation’s largest banks and mortgage companies. Factor No. Factor No.

Marketing 126

Marketing Equity Lending Short sale 126

HomeLight

JUNE 30, 2021

Between favorable mortgage interest rates and a low inventory of available homes for sale, buyers were submitting purchase offers of thousands of dollars over asking price , and sellers (and their agents!) Less properties, less sales. were fielding multiple offers. Source: (Matthew Henry / Burst). Recession sign #2: GDP is down.

Equity 63

Equity Loans Lending Industrial 63

Realty Biz

SEPTEMBER 23, 2021

Miami-Dade County real estate broke another record, posting its best August sales month in history as pent-up demand, more U.S. Miami-Dade County total home sales surged 30.6% year-over-year in August 2021, from 2,527 sales to 3,299. This record-breaking sales year will have a long-lasting impact on our community.”.

Sales 104

Sales Fixed-rate mortgage Short sale Equity 104

The Close

DECEMBER 19, 2022

Maybe the market is sluggish or sales are plateauing. This is especially true in markets where short-term vacation rentals are popular. But let’s say that your hustle isn’t quite getting you where you want to be. Or perhaps your schedule’s recently opened up and you have extra hours in the day to chase your dreams.

Agents 105

Agents Investor Property Management Development 105

Realty Biz

DECEMBER 26, 2022

Miami-Dade County real estate has already posted the 4th best total home sales year ever and with another calendar month to go, it is poised to end 2022 as its second-biggest sales year ever, according to November 2022 statistics from the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 92

Sales Short sale Mortgages Fixed-rate mortgage 92

Realty Biz

JUNE 24, 2022

Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Nevertheless, Miami’s May 2022 total home sales finished 21.9% There are 2.6

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

Marco Santarelli

JANUARY 25, 2023

A decrease in construction activity and the associated loss of construction and real estate industry jobs may result from this. Foreclosures, short sales, and other distressed properties can be found at a significant discount during a recession. What is a Recession in Real Estate? Everyone needs a place to live and call home.

Commercial 52

Commercial Construction Short sale Agents 52

Kyle Handy

JANUARY 20, 2023

They’re someone investing in and improving their community. They’re putting old and damaged housing stock back onto the market. So, in looking for “distressed sellers,” what I’m looking for is people that I can help the most. So, let’s look deeper at my favorite strategies for finding houses to flip.

House Flipping 89

House Flipping Bankruptcy Investor Renovation 89

HomeLight

SEPTEMBER 1, 2022

To shed light on your options when the appraisal is lower than desired, we talked to a seasoned real estate agent and two certified appraisers with a combined 50 years of experience in the appraisal industry. The bad news is that you still have an 8% to 10% chance of encountering a low appraisal. What is a low appraisal?

Purchase and sale agreement 77

Purchase and sale agreement Earnest money deposit Short sale Loans 77

Marco Santarelli

MAY 28, 2022

If you’re keen to invest in your future in the Virginia Beach real estate market 2019 and buy before prices become out of reach, you must peruse till the end. Virginia Beach is a city in southeastern Virginia. It sits where the Atlantic Ocean and Chesapeake Bay meet. The city is best known for the three mile boardwalk on the Atlantic side.

Marketing 98

Marketing Purchase and sale agreement Investor Sales 98

HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

Easy Agent Pro

DECEMBER 29, 2020

It seemed as if every real estate agent on the planet, overnight, became a “foreclosure specialist” or a “short sale expert.”. Ready to learn how to get foreclosure listings? In this quick read, we’ll go over everything you need to know! Economists are, for the most part, predicting a red-hot year for real estate in 2021.

FHA loan 83

FHA loan Agents Loans Sales 83

HomeLight

APRIL 29, 2021

We spoke with three property investors from across the country and a top real estate agent with experience in the industry to arm you with ten tips to sell your multi-family home for all it’s worth. In some circumstances, evicting a tenant may be necessary to secure a sale. Where are you located? . How old is your property?

Investor 107

Investor Purchase and sale agreement Agents Commercial 107

HomeLight

MARCH 30, 2022

His client received a cash offer of $60,000 over the asking price, but the sale likely would have fallen through because of a low appraisal if the buyer needed financing. Reduce the time it takes to close your sale. Take away risks of your sale falling through. Keep it simple with HomeLight’s Simple Sale platform.

Sales 93

Sales Investor Renovation Due diligence 93

Marco Santarelli

JULY 23, 2022

Due to the crash, there may also be short sales and foreclosures, offering you the opportunity to acquire a deal. This is true for any industry, including real estate or the housing market. But is the housing market truly in a bubble? Sellers may be more motivated to bargain on price or make concessions to buyers. recessions.

Mortgages 52

Mortgages Marketing Lending Equity 52

Marco Santarelli

MAY 31, 2022

How is The Asheville Real Estate Market 2019? Real estate can be a worthy investment opportunity. With research, a plan and the right price, just about anyone can be a real estate investor. If you are looking at investing in the Asheville real estate market as a potential investment opportunity, you must read till the end. by May 2020.

Marketing 100

Marketing Investor Sales As-is 100