Redfin

AUGUST 6, 2025

In this Redfin article, find out how long it takes to buy a house based on the three most common scenarios – a cash offer, a mortgage, and a short sale. Collect paperwork for a mortgage If you’re planning on financing your home purchase with a mortgage, you’ll likely need to save for a down payment.

Pre-approval

Redfin

JULY 23, 2025

In this Redfin Real Estate article, we’ll explain how to sell a house when you’re behind on mortgage payments, your options, and what to watch out for during the process. What happens when you fall behind on mortgage payments? This is known as a pre-foreclosure sale. List the home with a real estate agent or FSBO.

Pre-approval

The Mortgage Report

JULY 11, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? I think in some cities, like Phoenix, we are starting to see a little bit of foreclosure or short sale happening.

FHA 203k rehab loan

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. All mortgages place a lien on the property in the event that a lender needs to take ownership of the home. What is foreclosure?

Pre-approval

Redfin

JULY 21, 2025

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. You can also look at foreclosures and short-sale properties as they’re often sold below market value. Can I get a mortgage on a fixer-upper?

Renovation

Redfin

MARCH 4, 2025

You can calculate your home equity using the following formula: current home value – current mortgage balance What is home equity? Essentially, this is the amount of home that youve paid off toward your mortgage. You can also contact a real estate agent to discuss what your home is worth. How is home equity calculated?

Equity

AAOA

JUNE 23, 2025

Work with a real estate agent you trust. Well-connected agents can alert you to off-market properties, navigate you through a bidding war, help you submit a winning offer, and negotiate counteroffers and concessions. A mortgage pre approval or verified approval letter may show sellers you’re a serious buyer.

Investor

Marco Santarelli

JUNE 23, 2025

However, the elephant in the room is mortgage rates. As NAR Chief Economist Lawrence Yun pointed out, “The relatively subdued sales are largely due to persistently high mortgage rates.” Mortgage Rates: The Key to Unlocking the Market As mentioned earlier, mortgage rates are a crucial factor in the housing market.

Sales

Marco Santarelli

APRIL 27, 2025

Speed of Light Closings: Forget waiting 30, 45, or even 60 days for mortgage approval, appraisal, and all the hoops. Skip the Mortgage Hassle (and Cost): No loan applications, no mountains of paperwork, no qualifying, and no monthly principal and interest payments stretching out for decades. These are the bedrock benefits.

Finance

Redfin

AUGUST 5, 2025

A USDA loan is a mortgage loan that helps low- to moderate-income families purchase a home in an eligible rural area. These homes include new construction and preexisting homes, manufactured homes, short sales, condos, townhouses and foreclosure homes. What is a USDA loan and how does it work?

Sales

Redfin

JUNE 30, 2025

Consult a tax professional, attorney, or Redfin Real Estate Agent for advice specific to your situation. You should keep paperwork related to the sale of your house for several years after the sale — often at least seven — especially if the sale involved a large gain, home improvements, or any unusual circumstances.

Purchase and sale agreement

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

AAOA

MAY 5, 2025

It usually starts when a property owner falls behind on mortgage payments or property taxes. Foreclosures: Foreclosures happen when a homeowner cant make mortgage payments. In these early stages, the homeowner struggles to keep up with mortgage payments but still owns the property. But what actually makes a property distressed?

Bankruptcy

HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ?

Short sale

Housing Wire

MAY 20, 2022

A professional appraiser or real estate agent can help you figure out how much to list your home for. The real estate agent – The wrong real estate agent could slow down the selling process. Consider a Short Sale. The mortgage company will report your debt paid as agreed. Hire a Real Estate Agent.

Short sale

Housing Wire

OCTOBER 17, 2023

Given this pre-foreclosure paradox, mortgage servicers and government policymakers are forced to walk a thin line: nudging distressed homeowners toward making a choice that’s in their best interest while also arming them with the knowledge and resources they need to be protected in the pre-foreclosure marketplace.

MLS

Realty Biz

AUGUST 29, 2022

Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? What You Need to Know About Short Sales.

Short sale

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

Housing Wire

MARCH 17, 2021

While we don’t expect an onslaught of foreclosures like we saw during the mortgage meltdown before the great recession, we can foresee a time after the current forbearance scenario ends in which as many as 500,000 to 700,000 foreclosures may occur,” said Patrick Stone, WFG executive chairman and founder.

Title

HomeLight

SEPTEMBER 6, 2022

It’s understandable for homeowners who are faced with the stark realization that they may have to sell their homes for less than they owe on their mortgage to be worried. Because, there’s a lot of uncertainty surrounding a short sale, a homeowner might reach out to the real estate agent who originally sold them their home.

Short sale

HomeLight

SEPTEMBER 30, 2020

For a homeowner, that might look like not being able to make mortgage payments for a period of time. If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. Short sales operate according to the lender’s approval, requirements, and timeline.

Short sale

Housing Wire

DECEMBER 27, 2021

Some 15 years ago, real estate agents had only a few choices when deciding which real estate business model to choose. From virtual, capped models to low-fee and discount, agents can pick the company that best fits their needs. Now, there’s an explosion of teams and new models, including salaried agents and virtual capped models.

Brokerage

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

Housing Wire

JUNE 8, 2022

The monitoring solution also will enable the examination of current servicing customers as well as non-customer lists and alert loan servicers to possible short sales, the firm said. Xactus, with its mortgage verification suite, aims to close more loans quickly and enhance profitability.

Short sale

HomeLight

AUGUST 16, 2021

And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. Though short sales aren’t as prevalent today as they were following the Great Recession , they’re not impossible to find, and good deals for buyers can still be had. What exactly is a short sale?

Short sale

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

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

Housing Wire

JUNE 3, 2024

During her 26 years at the firm, Lessinger has been an agent, a team leader and a broker-owner before ultimately being named president of RE/MAX in February 2024. Amy Lessinger BH: RE/MAX is still known today for having some of the most productive agents in the business. Do you feel like that is a draw for agents?

Branding

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. If you find out that you have to pursue other options, your agent can help with that too. Loan modification.

Equity

Housing Wire

APRIL 25, 2023

Mortgage underwriting standards were much tighter for the past decade than in the era preceding the 2008 financial crisis. The average FICO score for a new mortgage has averaged more than 700 for the past 10 years consecutively. Inventory was so tight that homes often went to buyers with large down payments or even all-cash offers.

Short sale

HomeLight

OCTOBER 5, 2020

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Sometimes life happens, and a current homeowner can’t afford to keep paying their mortgage … and the remaining payoff amount is more than the home is currently worth. What’s 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

Housing Wire

JULY 11, 2023

The Westchester County District Attorney announced on Friday that it has indicted a group of six individuals and a corporation for allegedly stealing property deeds from distressed homeowners, fraudulently accessing mortgage loans, and evading state taxes. They ultimately defaulted on the mortgages, the district attorney claimed.

Bankruptcy

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. As overall home sales decline on a national level, signing listings is more difficult than ever for agents of all experience levels.

Purchase and sale agreement

Keeping Current Matters

MARCH 10, 2021

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.”. Fifteen years ago, prices were high, wages were low, and mortgage rates were over 6%. Today, it’s tough to qualify. Bottom Line.

Equity

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

CT Homes

APRIL 18, 2024

If you find yourself in a tough financial spot, it’s crucial to understand your options, particularly when it comes to a short sale vs foreclosure. A foreclosure occurs when a homeowner fails to make mortgage payments, leading the lender to terminate the homeowner’s rights to the property. What is a Short Sale?

Short sale