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Hit Them With Your Best Shot: How Much to Offer on a Short Sale

HomeLight

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

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WFG expands title offerings for servicers

Housing Wire

” Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. . ” Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services.

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A Quick Guide to Understanding Real Estate Designations

Windemere Selling

Like other professionals, real estate agents have the ability to specialize in certain areas of the business by earning designations. Those acronyms signify that they have achieved a specific designation through extensive training and education. So why should real estate designations matter to you?

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Servicers endorse a permanent forbearance, but under different rules 

Housing Wire

A growing chorus of mortgage servicers, consultants, and lobbyists support the idea of having forbearance programs as a permanent solution in the industry’s loss mitigation toolkit, rather than only a temporary relief for wide-scale events such as financial crises and pandemics. So, it may start to come down.

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Foreclosed Properties: How to Buy One and Whether You Should

Realty Biz

Additionally, there are websites designed to provide anyone interested in purchasing a foreclosed property with the opportunity to do so. These are often called short sales, and they’re just that - when a lender accepts a shortfall in the amount that is owed on the home. Buying a home is a major investment.

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Five Types of Forclosure and Tips for Purchasing Each Type

Realty Biz

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.

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Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

Pricing real estate is an art and science. When it’s time for a price reduction, real estate agents must conduct market research and rely on the data. We also need to know how to have a price reduction conversation with our clients since pricing for homeowners can be emotionally driven. But it’s critical to dig deeper.

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