Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. These properties are often priced below market value, making them attractive to buyers looking for a good deal or hoping to build equity quickly. What is foreclosure?

Pre-approval

Redfin

JULY 21, 2025

Potential for equity growth: Renovating a fixer-upper can boost home value over time. A local real estate agent can also help you find homes that meet your criteria. Real estate auctions are another way to find fixer-upper homes for sale. This can mean a smaller down payment, freeing up some cash to put toward renovations.

Renovation

Marco Santarelli

APRIL 27, 2025

You control your equity 100% from day one. It's just you, the seller, maybe agents, and the title company. ” Distressed sales (foreclosures and short sales) were still very low at 3% in March 2025. Instant Equity & Wealth: Owning outright means you have 100% equity immediately.

Finance

Housing Wire

FEBRUARY 5, 2025

While casting a wide net can sometimes be a helpful strategy, you set yourself up to compete with every agent vying for the same listings and buyer clients. While many agents aspire to become luxury agents, many overlooked real estate niches can boost your annual revenue if you master the intricacies of those types of transactions.

Commercial

Housing Wire

OCTOBER 17, 2023

“Our goal is to help you avoid a foreclosure sale while protecting your credit score and preserving your equity.” In its first paragraph, the CFPB blog post encourages mortgage servicers to provide distressed homeowners with a nudge toward a pre-foreclosure sale.

MLS

Keeping Current Matters

SEPTEMBER 8, 2021

Short sale. But before you go down any of those paths, it’s worth seeing if you have enough equity in your home to sell it and protect your investment. Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. Loan modification. Deed-in-lieu of foreclosure.

Equity

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

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales. What is a short sale?

Short sale

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

Short sale

Keeping Current Matters

MARCH 10, 2021

Looking back at the bubble years, house prices exceeded house-buying power in 2006, but today house-buying power is nearly twice as high as the median sale price nationally.”. People are equity rich, not tapped out. Many immediately withdrew their equity once it built up, and they learned their lesson in the process.

Equity

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

HomeLight

OCTOBER 11, 2021

You’re on the hunt for a new home, and in addition to aligning yourself with an experienced agent , you’re also probably spending a lot of time perusing various real estate sites and researching available homes in your area. You see a house you love, but the listing shows that it is an “active pending short sale.”. Wait, what?

Short sale

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

HomeLight

OCTOBER 30, 2023

“People need to understand to call first and ask for help instead of beg for forgiveness later,” shares top real estate agent Billy Alt , who sells 65% more single-family homes than the average Las Vegas agent. Stay in your house to build equity with a loan modification or forbearance. Arrange a short sale with your lender.

Short sale

Realty Biz

AUGUST 4, 2020

What are my options when I have little or no equity? Gil, the better term for what you are referring to is “under-equitied” meaning having less than 20% home equity. When you’re selling, having equity needs to at least cover the costs associated with selling, including paying off the mortgage.

Equity

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. Winding up with Negative Equity With the change in the market, housing prices fall and rise. It is best to wait until you bring your equity into positive territory.

Short sale

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. According to the Federal Reserve, foreclosures during a time of high unemployment could depress prices, plunging homeowners across the country deeper into negative equity. in December 2019.

Marketing

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.

Due diligence

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. Check your equity to get started. As a military member selling a house, the options available to you depend on your equity , which is the percent of your home that you own outright.

VA loan

Realty Biz

JULY 19, 2022

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. The REO sales process is much the same as any traditional sales process. The bank lists the property with a real estate agent. This becomes REO.

Purchase and sale agreement

HomeLight

JUNE 8, 2021

For one, you could list your house with a top real estate agent who knows how to get your house sold in a snap. Alternatively, you could request a full cash offer through a platform like Simple Sale , slashing your closing timeline to 10 days or the move-out date of your choosing. No agent, no open houses, no house tours.

Short sale

Easy Agent Pro

OCTOBER 29, 2020

Overnight, real estate agents became “short sale experts” during a time when few even knew what the term meant. Brush up on the foreclosure and short sale process by taking the classes (it’s actually a one-day session you can do online” leading to NAR’s short sale and foreclosure designation.

Short sale

RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Closing : A meeting during which ownership of a home is transferred from seller to buyer, usually attended by the buyer, the seller, both real estate agents and the lender.

Pre-approval

HomeLight

SEPTEMBER 30, 2021

“A foreclosed property is a property that has gone through the legal process of foreclosure where the bank seeks to regain ownership of the property to make good on a debt,” explains top Seattle real estate agent Ken Crotts , who works with over 66% more single family homes than the average area agent. You can build equity fast.

Banks

HomeLight

OCTOBER 1, 2020

It’s good to understand the market of the moment,” says Madison-based real estate agent Lynn Holley , who works with 72% more single-family homes than the average agent in Madison. Short sales in the neighborhood . In some cases, short sales may be to blame for a low appraisal. Talk to your agent.

Purchase and sale agreement

HomeLight

MARCH 23, 2023

But no matter the timing, experts agree that it’s important to identify some essential cooperative actions that can lead to a successful sale. Dawn Bremer , a top agent in McHenry, Illinois, specializes in helping divorcing or divorced clients. Who’s responsible for choosing the real estate agent? Who has access to those assets?

Short sale

HomeLight

AUGUST 14, 2024

Find an Agent Who Knows Rental Properties HomeLight’s Agent Match platform can connect you with a top agent who knows the ins and outs of selling rental properties in your market. Our free tool analyzes over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

Finance

CT Homes

MARCH 7, 2024

The Role of Equity Equity is the portion of your home that you truly “own” — the difference between your home’s market value and the outstanding balance of your mortgage. Until you’ve paid off the mortgage entirely, the lender holds an interest in your home.

Purchase and sale agreement

HomeLight

NOVEMBER 30, 2022

Home improvement shows have popularized the concept of “flipping” houses, bringing this segment of the real estate industry into the living rooms of everyday Americans, even inspiring some to take on the challenge of buying a home needing TLC, updating the home with old-fashioned sweat equity, and selling for a nice profit. Real Estate Agent.

House Flipping

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!) Today, with the help of housing market experts, including top New Bedford, Massachusetts-based real estate agent Byron Ford, Jr.

Equity

HomeLight

JUNE 24, 2022

First and foremost, you need to know how the divorce home is valued , and how your equity in the home will be split. Your answer could impact how the equity split from your home is calculated. You bought the home recently and haven’t had much time to build up equity. Real Estate Agent. Dana Browning. Dana Browning.

Purchase and sale agreement

HomeLight

JUNE 16, 2023

The amount a buyer can save varies depending on the supply of foreclosures; when there aren’t many foreclosures, the discounts available at foreclosure sales aren’t as steep as they might be at another time. When housing prices are especially strong, homeowners typically have lots of equity in their homes. after six months.

Hard money loan

HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. contingent,” so you can present your home accurately and still meet your selling goals.

MLS

Lighter Side of Real Estate

JANUARY 4, 2023

But if they are unwilling to help in any way, they may at least give you time to sell your house—or approve a short sale if necessary—rather than initiate the foreclosure process. Just because you’re unable to make your payments doesn’t mean you can’t or won’t make money on the sale of your house. Consider selling your house.

Short sale

HomeLight

DECEMBER 31, 2020

But selling too soon can be just as risky, causing you to forfeit sizable equity in a fast-appreciating property. Several agents asked if he was interested in selling, but he decided to rent it out. You’ve got a ton of equity to cash in on. That earned equity translates into more profit for sellers.

Equity

HomeLight

APRIL 30, 2021

A real estate agent performs a comparative market analysis, or CMA , before your home hits the market to help arrive at a decent asking price. Some agents charge from $100 to $200 for a CMA, says George Herring , a top real estate agent and single-family homes expert serving the Dallas, Texas, area. Actually, there is.

Marketing

RIS Media

MARCH 23, 2022

resulted in repayment plans, short sales, deed-in-lieus or other reasons. The takeaway: Walsh claims multiple factors contributed to this positive trend including “the availability of variable loss mitigation options, low unemployment that is now below 4.0%, strong wage growth, and rising home equity.”. The remaining 1.2%

Loans