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?

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Short sale Sales Pre-approval Pre-qualification 73

Dwell Real Estate

AUGUST 20, 2021

In Sarasota’s real estate market today short sales are nearly unavoidable. I talk with buyers every day and many of them have questions about how short sales work, how they are different than regular sales, etc. Misconception: A cash offer will make a short sale move faster than an offer with financing.

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Short sale Sales Pre-approval Banks 52

HomeLight

NOVEMBER 9, 2021

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. Short sales fall into the category of “distressed” sales. Here’s when it’s good to buy a short sale house. First: What’s a short sale?

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Short sale Sales Purchase and sale agreement Banks 80

HomeLight

DECEMBER 2, 2021

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? Once you gain the lender’s approval, you can list your home for sale. Source: (Vidar Nordli-Mathisen / Unsplash).

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Short sale Sales Loans Banks 77

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?

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Short sale Sales Banks Inspection 86

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? 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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Short sale Sales Banks Due diligence 62

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.

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Short sale Sales Pre-approval Closing costs 58

HomeLight

MAY 23, 2022

Either there are a couple of issues with the house that they want to disclose but not necessarily repair or they’re selling a house as part of an estate sale and don’t know a lot about it.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Wisconsin.

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As-is Inspection Investor Closing costs 101

HomeLight

MAY 19, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Maryland. Looking to sell a house “as is” in Maryland? They want to sell as-is.”. Disclosures.

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As-is Inspection Investor Closing costs 94

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. Looking to sell a house “as is” in Indiana?

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As-is Purchase and sale agreement Inspection Closing costs 90

HomeLight

MAY 23, 2022

Josh Muncey , a real estate agent with over $500 million in career sales and 16 years of experience selling in greater Boston, Massachusetts, says, “it’s hard to find a market in the Boston area that’s not feeling red hot lately.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

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As-is Inspection Investor Sales 86

Housing Wire

DECEMBER 27, 2021

There has been an explosion of companies offering financing solutions such as bridge loans, iBuying and more. Companies such as Zillow , Refin , Opendoor , Offerpad , Knock.com and Ribbon have put a new spin on financing services that have been around for more than 30 years. “I Today, the choices are abundant. Now, they’re at 13.5%

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Brokerage Finance Short sale Agents 341

Housing Wire

MAY 20, 2022

Most real estate agents deal with primary homeowners and homebuyers, so they may market an investment property to the wrong audience, delaying the sale. Consider a Short Sale. If you’re in over your head in debt and can’t find your way out, your mortgage company may approve a short sale.

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Short sale Investor Banks Agents 370

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Looking to sell a house “as is” in North Carolina?

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As-is Purchase and sale agreement VA loan Inspection 79

Housing Wire

MARCH 3, 2022

“Whether it is a natural disaster, a job loss, or an illness, forbearance is wildly effective,” John Lawrence, executive vice president of the Texas-based servicer Selene Finance , said last week during the Mortgage Bankers Association (MBA) Servicing Conference in Orlando. . So, it may start to come down.

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Principal Loans Lending Finance 352

HomeLight

APRIL 29, 2022

Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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As-is Purchase and sale agreement Investor Inspection 67

Housing Wire

APRIL 15, 2021

That qualification doesn’t apply if the borrowers’ parents lost their home in a foreclosure or short sale, or if the borrower has ever been in foster care, however. State finance agencies would be tasked with administering the program and distributing the funds. I got the daddy down-payment loan.

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Short sale Development Loans Equity 546

Keeping Current Matters

JANUARY 13, 2021

Michael Sklarz, President at Collateral Analytics : “We may very well see a meaningful increase in the number of homes listed for sale as these borrowers choose to sell at what is arguably an intermediate top in the market and downsize to more affordable homes rather than face foreclosure.”. What are the experts saying?

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Equity Short sale Principal Loans 241

Housing Wire

MAY 13, 2021

As you probably know by now, the Federal Housing and Finance Agency has limited GSEs to a 7% cap on loan purchases for second home and investment properties. Portfolio Select is a good option for those just two years out of foreclosure, short sale, bankruptcy or deed-in-lieu. How does this impact originators?

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Loans Bankruptcy Investor Short sale 233

HomeLight

AUGUST 31, 2021

Distressed sales accounted for just 1% of all home sales in April 2021. Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure.

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Pre-approval Short sale Banks Finance 92

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. 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.

Purchase and sale agreement 101

Purchase and sale agreement Short sale Loans Inspection 101

Point2Homes

DECEMBER 8, 2020

However, before the sale can go to closing, certain contingencies must be met. Pending listings are those in which the contingencies have been met and the legal documents just need to be finalized for the sale to close. A backup offer is not uncommon in real estate sales. A backup offer is not uncommon in real estate sales.

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Purchase and sale agreement Backup offer Home sale contingency Short sale 145

Realty Biz

MARCH 16, 2023

ML: I’m a subject matter expert on foreclosures, short sales, technology and social media, and then I am a full time instructor in the State of Illinois, dealing with license law, pre-licensing, that sort of thing. We recently sat down with Marki to discuss her real estate career past and present. ML: More technology.

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Short sale Investor Technology Principal 93

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. Before You Buy: Be Honest About Your Finances The question isn’t really how low can prices go during a recession. Shop around for the best mortgage rates.

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Title search Short sale Title Fixed-rate mortgage 59

Housing Wire

APRIL 12, 2021

Founded in 2006 as The Loan Post, the company pivoted to loan modification, short sales, and nonperforming notes following the 2008 financial crisis. Before his time at Credit Plus, Holmes served as the vice president of direct sales in the Eastern U.S. Presented by: CoreLogic. for LandAmerica. .

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Commercial Lending Loan Officer Loans 224

Realty Biz

SEPTEMBER 23, 2023

Buyer agents play a crucial role in real estate transactions. They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. Understanding the difference between buyer and seller's agents and how buyer's agents are compensated is essential.

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Purchase and sale agreement Pre-approval Agents Pre-qualification 73

Realty Biz

NOVEMBER 14, 2023

They can have a competitive advantage over those who rely solely on financing. Target Distressed Properties Distressed properties, such as foreclosures and short sales, are prevalent during a housing market correction. The housing market is a dynamic and ever-changing landscape. These properties are often sold at a discount.

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Due diligence Marketing Investor Finance 91

HomeLight

MAY 17, 2022

But although you might pay less than you would on the open market, closing a sale on a foreclosure can take a long time, and properties may be sold “as-is ,” without a seller’s disclosure. I mean, it takes probably, at the minimum, three to four months to get a short sale through.”. But it takes literally months.

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Inspection Banks Short sale Title 87

HomeLight

OCTOBER 30, 2023

Arrange a short sale with your lender. DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to an advisor regarding your own situation. Refinance with Fannie Mae’s High Loan-To-Value Refinance Option (HIRO) 3.

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Short sale Equity Loans Mortgages 110

The Close

APRIL 30, 2024

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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Agents Short sale Staging Sales 80

Realtor.com

DECEMBER 15, 2022

The ideal environment for fix-and-flip investors is a market with high demand, low inventory, rapidly rising prices, and affordable financing,” says Rick Sharga , ATTOM’s vice president of market intelligence. Flippers also benefit when there are lots of foreclosures, short sales, and other cheap properties they can remodel and resell.

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Investor Short sale Finance Sales 76

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

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VA loan Purchase and sale agreement Short sale Pre-approval 66

Realty Biz

FEBRUARY 5, 2024

Zillow estimates are the worst, but neither should be relied on for something as essential as purchase and sale decisions. I remember doing hundreds of short-sale transactions. Interest Rates and Financing Costs Interest rates are a critical lever in the economy, directly influencing the cost of borrowing.

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Investor Technology Mortgages Agents 128

Marco Santarelli

SEPTEMBER 16, 2023

Recession buyers will need a high credit score, strong finances, and stable income. According to a recent article by Yahoo Finance , the housing market has seen a significant surge in prices throughout the pandemic, and the Federal Reserve’s efforts to control inflation have led to an increase in mortgage rates 1.

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Debt-to-income ratio Loans Mortgages Short sale 97

Real Trends

NOVEMBER 3, 2022

REO, foreclosure and short sales : Becoming an expert in short sales, foreclosures and real estate-owned (REO) listings can result in a steady flow of business. However, in a tight housing market, going broad means stiff competition with everyone vying for the same customers. Property niches. Buyer and seller niches.

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Short sale Real-estate owned Construction Brokerage 105

CT Homes

OCTOBER 13, 2023

It comes with a bunch of complexities, like dealing with time pressures, managing finances, and handling the potential skepticism from buyers. An auction might quicken the sale, but there’s a hefty risk of your home being sold for much less than it’s worth. Understanding Foreclosure in San Diego First off, what is foreclosure?

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Short sale Inspection Closing Sales 74

HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. It almost certainly will not move as quickly as anticipated. Dodge move.

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Closing Purchase and sale agreement Title search Earnest money deposit 104