Housing Wire
OCTOBER 17, 2023
Walking that thin line is becoming increasingly important as more distressed sales are pushed up-funnel into the pre-foreclosure marketplace — a trend that began developing about 10 years ago and has accelerated in earnest over the last two years.
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. Most of the 1.86M in forbearance have enough equity to sell their home. million homeowners currently in forbearance, 87% have at least 10% equity in their homes. Here are four reasons why that won’t happen.
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Housing Wire
APRIL 15, 2021
On Wednesday, lawmakers published a draft version of the legislation, the “Downpayment Toward Equity Act of 2021,” ahead of a hearing held by the U.S. That qualification doesn’t apply if the borrowers’ parents lost their home in a foreclosure or short sale, or if the borrower has ever been in foster care, however.
HomeLight
AUGUST 31, 2021
Again, the timeline varies by state, but this typically begins three to six months after the first missed payment , according to the Department of Housing and Urban Development (HUD). Let’s take a look at the most common foreclosure sales and how they work. Short sale. So, it’s helpful to know precisely how to find them.
HomeLight
OCTOBER 30, 2020
However, as the Department of Housing and Urban Development (HUD) mentions in its guidelines to avoiding foreclosure : “Foreclosure doesn’t happen overnight.” What many homeowners don’t realize is that they have equity built up in their house that can help them out of their current financial difficulty.
RIS Media
APRIL 16, 2021
The House Financial Services Committee recently released the latest draft of the proposal, called the “ Downpayment Toward Equity Act of 2021.” The Department of Housing and Urban Development (HUD) will be allocating the funds. This is a developing story. ” The first note of significance? Additional Rules.
The Close
DECEMBER 29, 2022
It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more. Home equity conversion mortgage.
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