article thumbnail

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. Deal breakers for agents. By Shaila Wunderlich.

article thumbnail

Understanding the Short Sale Process

CT Homes

A defining term that emerged shortly after the collapse was the “short sale”. In the years following, short sales were the driving force behind a majority of all total real estate transactions. But what is the short sale process and how does it work? . What is a Short Sale?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Long Does a Short Sale Stay On Your Credit Report? Myth vs. Reality

HomeLight

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? When you receive an offer, your agent will need to submit it to the lender for approval, which can be a lengthy process.

article thumbnail

Active Pending Short Sales: What Are They, And Can You Still Make an Offer?

HomeLight

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?

article thumbnail

How a transparent marketplace provides a proven path to benefit homeowners

Housing Wire

In its first paragraph, the CFPB blog post encourages mortgage servicers to provide distressed homeowners with a nudge toward a pre-foreclosure sale. Servicers can remind homeowners that a traditional sale might be one option to avoid foreclosure. …

MLS 373
article thumbnail

The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

With the seamless integration of the homegenius Platform, consumers can: Connect with experienced real estate agents. titlegenius by Radian, provided by Radian Settlement Services, allows homebuyers and sellers to easily manage their title transaction and closing online and receive real-time updates from their agent for a cohesive experience.

article thumbnail

Need to sell your house fast? Here are 7 great options

Housing Wire

COVID changed the real estate industry in a big way since it provided many people with an opportunity to work remotely and live almost anywhere. A professional appraiser or real estate agent can help you figure out how much to list your home for. Consider a Short Sale. How Long Does It Take to Sell a House?