HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

Short sale 73

Short sale Sales Pre-approval Pre-qualification 73

HomeLight

DECEMBER 2, 2021

If you’re “upside-down” in your mortgage (owing more than the property is worth), you have a few options. One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale?

Short sale 77

Short sale Sales Loans Banks 77

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale.

Short sale 91

Short sale As-is Purchase and sale agreement Sales 91

Housing Wire

DECEMBER 28, 2022

While this would be a hit to homeowner equity, only 1 to 2 percent more of homeowners would move into negative equity. First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. There won’t be forced home sales like we saw in the crisis.

Marketing 482

Marketing Equity Mortgages Short sale 482

Keeping Current Matters

NOVEMBER 4, 2021

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. Many projected up to 30% of all mortgage holders would enter the forbearance program. As of last Friday, the total number of mortgages still in forbearance stood at 1,221,000. In reality, only 8.5%

Short sale 256

Short sale Equity Sales Banks 256

Housing Wire

SEPTEMBER 9, 2020

A surge in the share of mortgages 90 days or more overdue in June is a signal the U.S. Mortgage delinquencies have soared in recent months as Americans who lost income because of the pandemic sought forbearance agreements that allow them to suspend their home-loan payments without penalties. Currently, about 3.6

Short sale 544

Short sale Loans Mortgages Staging 544

HomeLight

OCTOBER 11, 2021

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale? Short sales defined . Wait, what?

Short sale 69

Short sale Sales Banks Backup offer 69

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. Many experts projected 30% of all mortgage holders would enter the forbearance program. As of last Friday, the total number of mortgages still in forbearance stood at 1,863,000. 2018: 279,040. 2019: 277,520.

Short sale 264

Short sale Equity Principal Mortgages 264

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

HomeLight

MARCH 30, 2021

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

Short sale 58

Short sale Sales Pre-approval Closing costs 58

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. foreign buyers have always been less than 300,000 of total home sales for many years. When you think about our total home sales being between 5-6 million, foreign investment isn’t that much. When mortgage rates rise, two things always happen here in America.

Short sale 525

Short sale Mortgages Equity Sales 525

CT Homes

MARCH 7, 2024

If you’re a homeowner pondering the possibility of selling your house, you might find yourself wrestling with a common question: Can you sell a home with a mortgage ? It’s a widespread belief that a mortgage chains you to your property until every last penny is paid off.

Purchase and sale agreement 78

Purchase and sale agreement Mortgages Equity Short sale 78

Keeping Current Matters

SEPTEMBER 8, 2021

Investopedia defines it like this: “ Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property. Short sale. In today’s real estate market, many homeowners have far more equity in their homes than they realize.

Equity 216

Equity Short sale Loans Sales 216

Keeping Current Matters

JANUARY 13, 2021

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. First, the homeowner suffers an adverse economic shock…leading to the homeowner becoming delinquent on their mortgage.

Equity 241

Equity Short sale Principal Loans 241

Calculated Risk Real Estate

SEPTEMBER 8, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 124

Closing Equity Principal Short sale 124

RIS Media

OCTOBER 5, 2021

released its latest Mortgage Monitor Report , exploring the relationship between equity positions and downstream foreclosure start rates and, ultimately, distressed liquidations. Whether that’s due to lack of understanding of their equity positions or the foreclosure process in general is unclear,” he added.

Equity 83

Equity Fixed-rate mortgage Short sale Mortgages 83

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. Currently, the housing market is in a recession: sales, production, jobs and incomes are all falling in the housing sector.

Bankruptcy 510

Bankruptcy Lending Equity Mortgages 510

Housing Wire

JUNE 22, 2021

Servicers’ forbearance portfolio volume fell 11 basis points last week to 3.93%, according to a survey from the Mortgage Bankers Association. In fact, calculating mark-to-market CLTVs of homeowners in some form of mortgage postponement through February 2021, Black Knight estimated that 96% have at least 10% equity in their homes.

Short sale 375

Short sale Loans Equity Mortgages 375

Housing Wire

JULY 1, 2021

Servicers should also be sharing the mathematics of mortgage forbearance. This will be especially true for lower-income households with FHA loans that started with very little equity to begin with due to the low-down payment requirement. Most homeowners will be exiting forbearance after 12 or even 15 months of not making payments.

Short sale 222

Short sale FHA loan Equity Sales 222

Calculated Risk Real Estate

MARCH 7, 2024

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 67

Closing Equity Principal Short sale 67

Calculated Risk Real Estate

JUNE 8, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 94

Closing Equity Principal Short sale 94

Calculated Risk Real Estate

DECEMBER 7, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 69

Closing Equity Principal Short sale 69

Keeping Current Matters

MARCH 10, 2021

Home sales and prices were both up substantially over the year before. Mortgage standards are nothing like they were back then. During the housing bubble, it was difficult not to get a mortgage. percent from 2001 to 2003 for the whole mortgage market.”. Wages, however, have increased, and the mortgage rate is about 3%.

Equity 261

Equity New Construction Construction Short sale 261

Realty Biz

JANUARY 19, 2023

Many people purchase homes with the intent to build equity, though life happens and homeowners end up underwater, whether it is upside down or with negative equity. The total balance owed on a mortgage is more than the house is currently worth. Selling a home with an underwater mortgage is never a good idea. The downside?

Short sale 82

Short sale Equity Loans Mortgages 82

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.

Short sale 546

Short sale Development Loans Equity 546

HomeLight

OCTOBER 30, 2023

A sudden job loss or market dip can flip your entire world upside-down, threatening your ability to stay on top of your mortgage. Request an instant home value estimate to for a ballpark estimation of how much equity you have before selling a house with a mortgage. Arrange a short sale with your lender.

Short sale 110

Short sale Equity Loans Mortgages 110

Realty Biz

AUGUST 4, 2020

Right now, I’m more than a month behind on my mortgage payment and I don’t see a way forward to make the payments for many months to come. All things considered, I can’t sell the house to pay off the mortgage. What are my options when I have little or no equity? Question from Gil in OK: Hello Brian. I’m in big trouble.

Equity 59

Equity Short sale Investor Title 59

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. million new and existing home sales combined. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag.

Bankruptcy 511

Bankruptcy Loans Sales Short sale 511

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. April 10, 2020: Many people predicted a crash in housing due to forbearance, which would require a lot of distressed sales.

Marketing 391

Marketing Lending Short sale Equity 391

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. individuals and companies moving to South Florida, and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 104

Sales Fixed-rate mortgage Short sale Equity 104

Keeping Current Matters

OCTOBER 21, 2020

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Today, the vast majority of homeowners have significant equity in their homes.

Equity 207

Equity Banks Closing costs Loans 207

Realty Biz

AUGUST 23, 2023

Are you wondering what happens with reverse mortgage foreclosures? A reverse mortgage foreclosure occurs when a homeowner cannot meet the requirements of their reverse mortgage loan, which can lead to the sale of their home. Understanding reverse mortgages and the foreclosure process is crucial for homeowners.

Mortgages 85

Mortgages Loans Sales Short sale 85

Lighter Side of Real Estate

APRIL 6, 2022

You’re probably well aware that mortgage rates are rising. Which means you’ve probably been reading or hearing about adjustable rate mortgages making a comeback. The 30-year fixed rate mortgage has been so historically low, they haven’t been all that necessary to consider. So your rate isn’t fixed for the life of the loan.

Mortgages 140

Mortgages Fixed-rate mortgage Banks Lending 140

Realty Biz

JULY 25, 2022

These kinds of properties include condemned houses, hoarder homes, and short sales. Short Sales Require Patience and Due Diligence. The last type of property that requires a different level of understanding is a short sale. Not every homeowner is eligible to do a short sale. Final Thoughts.

Due diligence 101

Due diligence Short sale Sales Inspection 101

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. Miami’s existing condo sales decreased 7.9% Single-family home sales decreased 12.3%

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

Realty Biz

JULY 19, 2022

This article might be premature because across most of the country home sales continue happening rapidly. 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. Instead, short sales are what most investors are looking for.

Purchase and sale agreement 101

Purchase and sale agreement Short sale Loans Inspection 101

RIS Media

JANUARY 29, 2021

Lenders offer mortgages for borrowers with a wide range of financial circumstances. Between prime (highest-quality) and subprime (lowest-quality) home loans are a category called “Alt-A mortgages.” . The federal government sets guidelines for Qualified Mortgages that focus on a borrower’s ability to repay the loan.

Debt-to-income ratio 87

Debt-to-income ratio Mortgages Bankruptcy Loans 87