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Advice on Short-Sale Transactions

The Residential Specialist

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

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Xactus targets lenders through active listing data

Housing Wire

Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood. In May, the inventory of homes for sale rose 8%, marking the first inventory rebound since June 2019. year over year. .

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Don’t expect a drop in home prices in 2023, NAR economist says

Housing Wire

Yun, who analyzed the current state of the residential market, offered his 2023 market outlook on Friday at the NAR conference in Orlando. While the unprecedented uptick in mortgage rates led to a lack of demand from buyers, it has also acted as a deterrent for homeowners, who are hesitant to list their homes for sale in a tough market.

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How can servicers best help borrowers as they exit forbearance?

Housing Wire

Hubzu for Signature Seller Assisted Sale (SSAS), standard short sale, foreclosure and ultimately REO management and sales) that can perform well, no matter the volume. HousingWire recently spoke with Travis Britsch, general manager of Hubzu , about post-forbearance strategies to benefit both servicers and borrowers.

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Have we found the bottom in existing home sales?

Housing Wire

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. Without significant credit stress in the system, we can’t ever assume we will see inventory scale spikes where sellers will not be able to buy homes because of a foreclosure or short sale.

Sales 525
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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Keeping Current Matters

Michael Sklarz, President at Collateral Analytics : “We may very well see a meaningful increase in the number of homes listed for sale as these borrowers choose to sell at what is arguably an intermediate top in the market and downsize to more affordable homes rather than face foreclosure.”. What are the experts saying? Bottom Line.

Equity 240
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How and When to Buy Foreclosure Property

Realty Biz

Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession.