Housing Wire

APRIL 8, 2021

billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender. 36,000 Surplus per Sale.

Equity 402

Equity Short sale MLS Sales 402

Housing Wire

MAY 31, 2021

In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more. Clients can utilize real-time and customizable reporting, as well as direct data warehouse access,” said Rebecca Smith, VP, Sales and Business Development. icient and e?ective

Technology 345

Technology Investor Short sale Real-estate owned 345

HomeLight

AUGUST 31, 2020

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

Short sale 86

Short sale Sales Banks Inspection 86

Housing Wire

NOVEMBER 28, 2023

An abundance of housing supply will diminish home prices while a shortage of homes available for sale will escalate prices. Currently, more than 80% of the mortgage market is government-controlled, which means in the next down cycle there will be many more homes owned by the government.

Land 373

Land Construction Real-estate owned Equity 373

Marco Santarelli

MARCH 15, 2021

Philadelphia is a hot seller's real estate market by all housing indicators. Low-interest rates, tight supply, and high buyer-demand will keep the market hot and exert even more upward pull on house prices. PHILADELPHIA HOUSING MARKET TRENDS 2021. PHILADEPHIA IS A SELLER’S REAL ESTATE MARKET.

Marketing 126

Marketing Investor Sales As-is 126

Housing Wire

FEBRUARY 7, 2022

Instead, investors bought the run-down properties in bulk sales. After the housing crisis, the GSE’s portfolio of foreclosed, or “Real Estate Owned” properties ballooned. As part of the settlement, the GSE said it would, or already has, enhanced its REO maintenance and marketing activities.

Equity 365

Equity Inspection Real-estate owned Residential 365

Marco Santarelli

MARCH 24, 2021

The homebuyers in the Charlotte housing market have dealt with a persistent seller’s market, which has shrunk inventory and driven up home prices. Last year was the sixth consecutive year of home price gains in the Charlotte real estate market. So, how did COVID-19 affect the Charlotte housing market?

Marketing 119

Marketing Purchase and sale agreement Investor Sales 119

Marco Santarelli

APRIL 29, 2021

We will discuss the latest San Jose real estate market trends. The San Jose's housing market is infamously expenisve. A lack of homes for sale is pushing prices up, so potential buyers are facing an affordability crunch. San Jose Remains a Seller's Real Estate Market in 2021. year-over-year.

Marketing 126

Marketing Investor Residential Sales 126

Real Trends

MARCH 7, 2022

Politicians have called for boycotts of Russian oil, and some have even called for seizure of American real estate owned by Russian oligarchs. housing market will likely be marginal. housing market. housing market. existing home sales purchases and Russians made up 0.8% Gasoline prices in the U.S.

Marketing 84

Marketing Residential Real-estate owned Finance 84

HomeLight

SEPTEMBER 1, 2020

But then, it went into foreclosure and didn’t sell at auction, so now it’s listed as an REO, or real estate-owned property. Even experienced homebuyers who’ve already bought and sold a few homes will find the process much different, and they will also need an agent who specializes in REO sales. What’s an REO home?

Banks 80

Banks Agents Sales Short sale 80

Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. It can also factor in the effects of local events like foreclosures and recent sales.

Technology 396

Technology Mortgages Commercial Inspection 396

Realty Biz

JUNE 20, 2023

Navigating the real estate landscape can be challenging, especially for beginners. Foreclosures, in particular, offer a unique opportunity to purchase properties at below-market rates. The lender does so by forcing the sale of the asset used as the collateral for the loan, typically a house.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

HomeLight

MAY 17, 2022

Generally, lenders will take much less than top dollar for a foreclosure, which is good news for anyone looking to score a deal on real estate. Before you get started down the road toward buying a foreclosure, it’s good to know the different types of sales that you might encounter. Real-estate owned (REO) homes.

Inspection 87

Inspection Banks Short sale Title 87

Real Trends

JANUARY 25, 2023

After a record-setting year in 2021, when homes sold within hours of being listed, the market cooled drastically in 2022 as mortgage rates rose. It can be difficult to predict what’s next in real estate, but one of the best ways real estate agents can protect themselves from dramatic fluctuations in the market is to find a niche.

Homeowner’s association 75

Homeowner’s association Finance Agents Short sale 75

Realtor.com

JANUARY 29, 2023

You’ll also receive a “Notice of Sale,” which states that the property will be sold at auction, and it lists the date, time, and location of the auction. Your lender is required to publish the Notice of Sale in a newspaper in the county where the home is located for three consecutive weeks before the auction date.

Banks 104

Banks Loans Mortgages Real-estate owned 104

Real Trends

NOVEMBER 3, 2022

Casting a wide net in real estate can be a smart strategy. However, in a tight housing market, going broad means stiff competition with everyone vying for the same customers. Niche markets, on the other hand, may not be as competitive, especially if you’re targeting a niche in your specific region. .

Short sale 105

Short sale Real-estate owned Construction Brokerage 105

Realty Biz

JANUARY 1, 2021

If a homeowner chooses to sell the property to avoid actual foreclosure they are usually ready to negotiate on the sale price of the home. Short Sales . A short sale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. Jordan Matin, Portland Homes for Sale.

Short sale 116

Short sale Pre-approval Banks Loans 116

Real Trends

JULY 3, 2023

million in sales volume, good enough for the No. RealTrends recently caught up with Salvador to discuss his career and the importance of building relationships in real estate. Brooklee Han: Can you tell me about how you got your start in real estate? BH: Where had your previously honed these sales skills?

Agents 103

Agents Industrial Short sale As-is 103

Broke Agent Media

JANUARY 16, 2023

Foreclosure Market Report, which shows double the amount of foreclosure activity compared to 2021. . Foreclosure Market Report , which shows double the amount of foreclosure activity compared to a year ago. Foreclosure Market Report. Executive Vice President of Market Intelligence at ATTOM. ATTOM’s Year-End 2022 U.S.

Banks 98

Banks Equity Real-estate owned Sales 98

HomeLight

FEBRUARY 4, 2022

Here’s a riddle for you: What do government websites, real estate agents, and a drive around the block have in common? Real estate owned, or REO, homes are a result of the foreclosure process , which varies from state to state. And the proceeds for any sales go to the U.S. What is an REO home? Use the MLS.

Agents 76

Agents Banks MLS Title 76

Realty Biz

JULY 19, 2022

This article might be premature because across most of the country home sales continue happening rapidly. However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. The REO sales process is much the same as any traditional sales process.

Purchase and sale agreement 101

Purchase and sale agreement Short sale Loans Inspection 101

HomeLight

AUGUST 31, 2021

They’ll put the house up for auction either in a sheriff’s or public trustee sale (the name depends on what foreclosure process your state follows). Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. Short sale.

Pre-approval 92

Pre-approval Short sale Banks Finance 92

Point2Homes

JUNE 23, 2021

Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank. Yet, the addendum can also specify that the sale must be closed by a set date. This is where REOs come into play.

Pre-approval 71

Pre-approval Banks Title search Inspection 71

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale?

Banks 103

Banks Pre-qualification Investor Short sale 103

HomeLight

SEPTEMBER 30, 2021

REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it. These opportunities might include: Pre-foreclosure sale. Pre-foreclosure sales. This is usually done through a preforeclosure sale. Foreclosure auction. REO listing. REO listings.

Banks 97

Banks Inspection Equity Investor 97

HomeLight

AUGUST 31, 2020

Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. The reality is, there are a variety of substantial pros and cons that any would-be buyer should weigh seriously before purchasing a bank-owned property.

Banks 90

Banks Inspection Inspection contingency Title 90

HomeLight

MARCH 30, 2022

A skilled real estate agent can guide you through how to sell a house from out of state, providing an elevated level of service. As a starting point, get a near-instant real estate house price estimate from HomeLight for free. You don’t have to live near the deceased to be named an executor or estate representative.

Pre-approval 96

Pre-approval Agents Closing MLS 96

Easy Agent Pro

DECEMBER 29, 2020

Position yourself to be the one person in your market they can turn to – Here’s how to get foreclosure listings. As in all things real estate-related, location is paramount when deciding whether to spend your limited and valuable time on how to get foreclosure listings. Location, location, location. Cleaning crew.

FHA loan 83

FHA loan Agents Loans Sales 83

The Close

DECEMBER 29, 2022

These real estate definitions will help you ensure you’re communicating with clients effectively. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. After all, great communication leads to closed deals. ” A.

Purchase and sale agreement 98

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

HomeLight

MARCH 10, 2023

That is especially true in the New York market, where house flipping margins have gotten thinner as home prices and repair costs have escalated, and buyers have been shut out of the market by higher interest rates. Flipping takes a lot of money, know-how, manpower, and planning to be successful.

House Flipping 83

House Flipping Renovation Investor Finance 83

HomeLight

SEPTEMBER 30, 2020

“In small towns, they have their own newspaper. Durham says that in Georgia, foreclosures must be advertised for four weeks leading up to the sale. “If An online option like a real estate owned (REO) property, you’re not spending any money into it,” says Durham. Source: (Antenna / Unsplash). Absolute bid.

Due diligence 97

Due diligence Hard money loan Finance Banks 97

Rent, Buy & Sell

JANUARY 20, 2023

The other 28 states—including Arizona, California, Georgia, and Texas—primarily use nonjudicial foreclosure, also called power of sale.4 Foreclosure Market Report from ATTOM Data Solutions, a property data provider. How Long Does Foreclosure Take? Department of Housing and Urban Development (HUD).78

Pre-approval 59

Pre-approval Banks Loans Mortgages 59

HomeLight

JUNE 28, 2021

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. Buying a HUD home isn’t like traditional home sales. Once a home is listed for sale it’s given a specific window during which bid submissions are accepted. No problem!

Pre-approval 89

Pre-approval Pre-qualification FHA loan Inspection 89

The Close

MARCH 15, 2022

I’ve been in real estate for 27 years and I’ve never seen anything like this market. These days, instead of getting asked about how to win bidding wars, my clients and friends constantly ask me if we’re in a real estate bubble that’s ready to pop. Free Template: Housing Market Infographic.

Agents 97

Agents Investor Banks Land 97

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

Banks 75

Banks Inspection contingency Inspection FHA loan 75

Lab Coat Agents

JANUARY 10, 2022

When you invest in real estate, you diversify your investments so that you aren’t reliant on today’s pitiful savings account rates or risking all of your money on the stock market, which we all know can crash in the blink of an eye. Who Is Eligible for Real Estate Investing? Purchase a rental property.

Debt-to-income ratio 59

Debt-to-income ratio Investor Renovation Equity 59