RIS Media

DECEMBER 5, 2020

To help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least Jan.

Real-estate owned 102

Real-estate owned Finance Mortgages Development 102

Real Trends

JANUARY 25, 2023

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. Another possible niche is buyers who need creative financing, such as rent-to-own financing or owner financing.

Homeowner’s association 75

Homeowner’s association Finance Agents Short sale 75

HomeLight

AUGUST 31, 2021

But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties.

Pre-approval 105

Pre-approval Short sale Banks Finance 105

Realtor.com

FEBRUARY 25, 2021

Spiderplay/Getty Images The Federal Housing Finance Agency will allow homeowners to receive an additional three months of forbearance as it extends the COVID-19 relief options available. The agency announced Thursday that homeowners with loans backed by Fannie Mae and Freddie Mac can receive up to 18 months of payment relief.

Mortgages 81

Mortgages Real-estate owned Loans Finance 81

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. A “real estate owned,” or REO, home is one that’s owned by a bank. Buying a bank-owned home isn’t the same as buying a house from a private homeowner. What’s an REO home?

Banks 92

Banks Agents Sales Short sale 92

McKissock

APRIL 30, 2021

As a real estate appraiser, whether you’re considering the current terms of sale or analyzing previous sales of the subject property or comparable sales, it is imperative to know whether a sale is an arms-length transaction or a different type of sale. Estate sale. Arm’s length sale. Short sale.

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Sales Short sale Real-estate owned Title 88

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. From there, the bank will collaborate with REO specialists and real estate agents to sell the property. Are REOs Worth It?

Pre-approval 71

Pre-approval Banks Title search Inspection 71

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. Just over half (51%) of the transactions were all-cash, but the study found that buyers who obtained mortgage financing were almost certain to reside at the home in question.

Marketing 84

Marketing Residential Real-estate owned Finance 84

HomeLight

MARCH 10, 2023

If you are considering flipping houses in NY, HomeLight always encourages you to reach out to an advisor regarding your own situation. A top real estate agent can help. DISCLAIMER: This article is meant for educational purposes only and is not intended to be financial or legal advice. Find a Buyer's Agent What is house flipping?

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House Flipping Renovation Investor Finance 97

HomeLight

SEPTEMBER 30, 2021

You see foreclosures listed on your favorite real estate sites, but what does that term really mean ? “A REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it. Questions like: How does buying a foreclosure work? What even is a foreclosure?

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Banks Inspection Equity Investor 112

HomeLight

JUNE 28, 2021

From bidding to buying to financing to special incentives — we’re talking all things HUD homes to help you decide if this property type fits your financials and lifestyle. The brief answer is that these government-owned homes become available anytime a purchaser defaults on an FHA-insured loan, sending the property into foreclosure.

Pre-approval 101

Pre-approval Pre-qualification FHA loan Inspection 101

Real Trends

NOVEMBER 3, 2022

While some niches, such as luxury real estate, draw in a fair amount of competition, lesser-known niches might not. Below are twenty smaller real estate niches that can result in major profit if approached correctly. Below are twenty smaller real estate niches that can result in major profit if approached correctly.

Short sale 105

Short sale Real-estate owned Construction Brokerage 105

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. They’re all great ways to find REO homes in your area. What is an REO home?

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Agents Banks MLS Title 89

Realty Biz

JULY 19, 2022

However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. Pre-foreclosures are commonly confused with the foreclosure process and REOs (real estate owned by a lender). The bank lists the property with a real estate agent.

Purchase and sale agreement 102

Purchase and sale agreement Short sale Loans Inspection 102

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. “One But the best, most personalized and local way is to connect with a real estate agent in your area who has helped other buyers looking for this type of property.

Banks 104

Banks Pre-qualification Investor Short sale 104

HomeLight

SEPTEMBER 30, 2020

John Durham is a successful real estate agent in Henry County, Georgia, and has purchased homes at auction for 16 out of 20 years of his career as a real estate agent. An experienced real estate agent can also help you find upcoming foreclosure auctions. But how do foreclosure auctions work?

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Due diligence Hard money loan Finance Banks 98

Realtor.com

JANUARY 29, 2023

Foreclosure is a scary word and it’s become a real concern for homeowners as the economy continues to fluctuate. “The bank doesn’t want the property back,” says Beverley Hourlier , a real estate agent in San Diego. KLH49/iStock What is a foreclosure? Here’s what you need to know. That’s good news.)

Banks 104

Banks Loans Mortgages Real-estate owned 104

Housing Wire

FEBRUARY 7, 2024

mortgage finance system. The Underserved Mortgage Markets Coalition’s new blueprint equips Fannie Mae and Freddie Mac with the guidance they need to comply with this federal regulation and expand housing finance opportunities in unprecedented, potentially revolutionary ways.”

Land lease 415

Land lease Land Lending Equity 415

The Close

DECEMBER 29, 2022

And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. If you want to work with real estate investor clients, read our own Sean Moudry’s simple, yet thorough run down: “ How to Explain 1031 Exchange Rules to Your Clients.” Adjustment date.

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

Housing Wire

FEBRUARY 9, 2021

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday. According to the agency, eligibility for the extension is limited to borrowers who are on a COVID-19 forbearance plan as of Feb. Presented by: NAMB.

Real-estate owned 539

Real-estate owned Finance Equity Mortgages 539

Lab Coat Agents

JANUARY 10, 2022

It’s a frequent misperception that you need to be affluent or a real estate specialist to invest in real estate. The truth is that everybody can invest in real estate somehow, even if they have a small amount of money to begin with. What Does It Mean to Invest in Real Estate?

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Debt-to-income ratio Investor Renovation Equity 59

Housing Wire

FEBRUARY 25, 2021

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to six months, the Federal Housing Finance Agency announced Thursday. 9, the FHFA extended forbearance plans an additional three months past beyond their initial 12 month expiration. Presented by: FICS.

Mortgages 515

Mortgages Real-estate owned Finance Loans 515

Housing Wire

DECEMBER 2, 2020

The Federal Housing Finance Agency extended its moratorium on foreclosures and evictions for borrowers with mortgages backed by Fannie Mae and Freddie Mac until Jan. This marks the fourth time the government agency has extended the moratorium, now another month past its most recent deadline of Dec. million delinquent mortgages.

Mortgages 525

Mortgages Real-estate owned Finance Loans 525

HomeLight

AUGUST 31, 2020

According to Troy Walseth , a Florida real estate agent with over 27 years experience, banks don’t typically allow a homeowner to go straight to a short sale unless the amount still owed is more than the current market value of the home. Here we cover what you need to know about buying distressed homes, from start to finish.

Short sale 95

Short sale Sales Banks Inspection 95

The Close

MARCH 15, 2022

That’s why I decided to write this article explaining what a real estate bubble is, if we’re in one now, and most importantly, if or when I think the bubble might pop. Ask a real estate CEO or economist and they’ll tell you that there are many factors contributing to the current and massive housing appreciation throughout the U.S.

Agents 98

Agents Investor Banks Land 98

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. A date for a foreclosure auction is announced.

Banks 87

Banks Inspection contingency Inspection FHA loan 87

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 97

Banks Inspection Inspection contingency Title 97

Housing Wire

JANUARY 19, 2021

The Federal Housing Finance Agency announced Tuesday that Fannie Mae and Freddie Mac will once again extend moratoriums on single-family foreclosures and real estate owned evictions, this time until Feb. 28, 2021. “To Overall, forbearances are decreasing, but the speed at which they are declining is beginning to slow.

Real-estate owned 454

Real-estate owned Lending Finance Mortgages 454

Marco Santarelli

MARCH 15, 2021

If you are looking at buying real estate in Philadelphia in 2021, you must read until the end. Philadelphia is a hot seller's real estate market by all housing indicators. PHILADEPHIA IS A SELLER’S REAL ESTATE MARKET. Housing data by Bright MLS, Inc. While it is deemed reliable, it is not guaranteed.

Marketing 127

Marketing Investor Sales As-is 127

Housing Wire

MARCH 3, 2021

In February, the Federal Housing Finance Agency extended forbearance protection for another six months, bringing the total to 18 months. It also extended moratoriums on single-family foreclosures and real estate owned evictions through June 30, 2021. Student loan debt is in his crosshairs, too. As one of Sen.

Marketing 525

Marketing Loans Banks Real-estate owned 525

Housing Wire

JULY 30, 2021

The Federal Housing Finance Agency and the Federal Housing Administration today both announced they would each extend their eviction bans on borrowers of foreclosed properties. Most of the nation’s 44 million rental households are owned by private companies with sometimes complex financing from commercial banks and insurance companies.

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Finance Commercial Real-estate owned Banks 462