Housing Wire

FEBRUARY 21, 2023

On a yearly basis, existing home sales were down 36.9% This is the lowest level of home sales activity since May 2020 when the COVID-19 pandemic had shut down much of the economy,” Lisa Sturtevant, the Bright MLS chief economist said in a statement. Before that, you have to go back to October 2010 to find total sales this low.”

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Sales MLS Short sale Marketing 370

Keeping Current Matters

JULY 28, 2021

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the overwhelming fear was the pandemic would decimate the housing industry in a similar way. In 2008, there was a 9-month supply of listings for sale.

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Short sale Equity Principal Mortgages 264

Housing Wire

APRIL 5, 2021

Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace. The Bureau said that nearly 2.1

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Short sale Loans Mortgages Sales 544

Housing Wire

MARCH 3, 2022

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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Principal Loans Lending Finance 370

Housing Wire

JULY 1, 2021

Hubzu for Signature Seller Assisted Sale (SSAS), standard short sale, foreclosure and ultimately REO management and sales) that can perform well, no matter the volume. HousingWire recently spoke with Travis Britsch, general manager of Hubzu , about post-forbearance strategies to benefit both servicers and borrowers.

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Short sale FHA loan Equity Sales 243

Housing Wire

DECEMBER 27, 2021

Here are some trends we’re seeing in the real estate brokerage industry. I think it’s a foregone conclusion that leading brokers are going to need to retrain agents on these financing services, much as they did 10 to 12 years ago to deal with distressed inventory and short sales,” Murray said. Today, the choices are abundant.

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Brokerage Finance Short sale Agents 397

Keeping Current Matters

JANUARY 13, 2021

Over the last 30 days, several industry experts have weighed in on this subject. Don Layton, Senior Industry Fellow at the Joint Center for Housing Studies of Harvard University : “With a greater cushion of equity, troubled homeowners have dramatically improved options: a greater ability to access funding (e.g.

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Equity Short sale Principal Loans 242

Housing Wire

APRIL 12, 2021

Furthermore, we’re excited to more easily serve this crucial industry which is a major focus of our continued growth.”. Founded in 2006 as The Loan Post, the company pivoted to loan modification, short sales, and nonperforming notes following the 2008 financial crisis. Presented by: CoreLogic. for LandAmerica. .

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Commercial Lending Loan Officer Loans 249

Keeping Current Matters

JUNE 10, 2021

The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. Not all of the $700 billion was used, but the important point is that the government did not act with equal fervor to help flailing homeowners, millions of whom lost their homes to foreclosures and short sales.

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Bankruptcy Banks Short sale Industrial 239

Keeping Current Matters

SEPTEMBER 8, 2021

Short sale. We’ll be able to give you an estimate of what your house could sell for based on recent sales of similar homes in your area. Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. Bottom Line.

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Equity Short sale Loans Sales 218

Housing Wire

OCTOBER 1, 2021

According to the new data, high-equity borrowers are around 40% less likely to lose their homes to involuntary liquidation, such as short sale, foreclosure sale, or deed-in-lieu. The company concluded that it could reduce the risk of foreclosure – and, also, distressed liquidations.

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Equity Short sale Loans Mortgages 295

Realty Biz

FEBRUARY 12, 2023

Prior to this, “you needed access to special lists, or maybe know someone in the industry,” Christina says. 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. Today it’s much different, however.

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Short sale Banks Staging Principal 115

Housing Wire

AUGUST 31, 2020

The system also offers loss mitigation, modifications, short sales and repayment tracking functionality. Mortgage Servicer supports agency investor reporting, including Fannie Mae, Freddie Mac, Ginnie Mae and Federal Home Loan Bank, as well as other industry standard and private reporting methods.

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Mortgages Investor Short sale Loans 276

Keeping Current Matters

JANUARY 21, 2021

Economist for JPMorgan Chase : “The good news in today’s report is that outside the hopefully temporary hit to the food service industry, the rest of the labor market appears to be holding in despite the latest public health challenges.”. However, we need to give it some context. Michael Feroli, Chief U.S. Bottom Line.

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Marketing Short sale Industrial Closing 201

Housing Wire

SEPTEMBER 16, 2021

As the summer comes to an end, several issues are top of mind for everyone: the impact of the Delta variant, the debate over when the Federal Reserve will taper its asset purchases, the situation in Afghanistan, and the federal debt limit and budget debate. Our forecast is for the unemployment rate to continue to decline, reaching 4.5%

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Mortgages Loans VA loan Investor 485

Broke Agent Media

FEBRUARY 24, 2023

There’s no denying that the past couple of years have been a whirlwind in the real estate industry. Lawsuits Against Real Estate Professionals Sure, lawsuits are no stranger to those who work in the real estate industry. For industry news, edutainment and humor, sign up for the BAM newsletter. The primary reason?

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Due diligence Short sale Agents Industrial 98

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

Realty Biz

OCTOBER 4, 2022

Engel & Völkers of East Greenwich announced today that Vickie Pizzarelli has joined its brokerage as a real estate advisor, where she specializes in new construction, residential sales, foreclosures, and short sales. Vickie was recently a featured cover agent in the November 2021 New England edition of Top Agent Magazine.

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Brokerage Short sale Residential New Construction 107

Keeping Current Matters

MARCH 10, 2021

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Home sales and prices were both up substantially over the year before. Home sales and prices were both up substantially over the year before. Today, it’s tough to qualify.

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Equity New Construction Construction Short sale 262

Realty Biz

MAY 9, 2022

Custom Fit Real Estate and its CEO Coltyn Simmons are changing the real estate industry by putting the client first and profits second, always. At one point, he was going to have to do a short sale. Many realtors would take that first sale price for fear of not lining their own pockets. The Backstory. “My The Outcome.

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Branding Short sale Brokerage Renovation 80

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. The housing industry plays an important role in the economy. So, by lowering mortgage rates during a recession, the federal government hopes to buoy home sales by making it cheaper to borrow mortgages.

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Title search Short sale Title Fixed-rate mortgage 59

Realty Biz

FEBRUARY 5, 2024

Understanding these factors is crucial for homeowners, investors, and industry professionals to make informed decisions. 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. It's unbelievable!

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Investor Technology Mortgages Agents 128

HomeLight

AUGUST 31, 2021

Distressed sales accounted for just 1% of all home sales in April 2021. However, as those forbearances end toward the later part of 2021, foreclosures will likely become more readily available and may even hit the market in droves, says Florida real estate agent Christina Griffin , who has 20 years of experience in the industry.

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Pre-approval Short sale Banks Finance 107

RIS Media

APRIL 16, 2022

Johnson has also been named a RISMedia Real Estate Newsmaker in 2020 and 2021 as an Industry Influencer and Thought Leader. What: As the real estate market continues to consolidate, brokers are faced with the challenge of fewer transactions, ultimately leading to less money-making opportunities for their agents and companies. Register Now!

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Short sale Commercial Land Agents 98

Easy Agent Pro

OCTOBER 29, 2020

If you’ve been in the real estate industry for some time, you no doubt recall the Great Recession, when the housing market went sideways. Overnight, real estate agents became “short sale experts” during a time when few even knew what the term meant. Stuff like restaurants per capita, housing costs, crime rate and more.

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Short sale Land Commercial Equity 85

Real Trends

JULY 3, 2023

With 30 years of real estate experience, Jon Salvador, a Burlington, Iowa-based Century 21 Property Professionals agent, is without a doubt and industry veteran. million in sales volume, good enough for the No. BH: Where had your previously honed these sales skills? This interview has been edited for brevity and clarity.

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Agents Industrial Short sale As-is 103

Realty Biz

NOVEMBER 15, 2023

a global industry leader and the most recognized name in real estate*, is strengthening its presence in Southeastern Massachusetts with the affiliation of a local brokerage, Realty Network Associates, Inc. He has accumulated almost 30 years of industry experience. Century 21 Real Estate LLC.,

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Branding Brokerage Short sale Commercial 74

RIS Media

APRIL 21, 2022

resulted in repayment plans, short sales, deed-in-lieu or other reasons. The takeaway: “March was another month of lower forbearance rates, and a higher share of overall loans and forbearance-related workout loans that are current,” said Marina Walsh, CMB, MBA’s vice president of Industry Analysis. The share of other loans (e.g.,

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Loans Mortgages Staging Short sale 111

RIS Media

SEPTEMBER 21, 2020

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. The fee, usually 0.3 – 1.5

Pre-approval 90

Pre-approval Pre-qualification Title search Inspection 90

RIS Media

MARCH 21, 2022

We’re looking at what all the experts are saying as far as the upcoming short sale and foreclosure market that’s being predicted. Taking advantage of the training HomeSmart provides in relation to working both short sales and foreclosures is one way we’re preparing our agents.

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Agents Short sale Brokerage Sales 98

Housing Wire

JUNE 3, 2024

BH: Many in the industry are viewing these changes as an opportunity for firms, brokers and agents to level up and grow. And of course, during those 50 years, we’ve navigated double-digit interest rates, the Great Recession where everyone had to figure out how to do short sales, and we’ve brought education to our agents during those times.

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Branding Agents Industrial Design 416

RIS Media

MARCH 23, 2022

The decrease of forbearance shows the inverse effect of improving rates for both total borrowers and borrowers in workouts, which rose for the first time since June 2021, according to Marina Walsh, CMB, MBA’s vice president of industry analysis. resulted in repayment plans, short sales, deed-in-lieus or other reasons.

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Loans Mortgages Staging Short sale 98

Real Trends

JUNE 17, 2022

But they may not realize that education can make them even more productive in the industry, making the hours they put in worth their weight in gold. Real estate courses can educate you in all aspects of the industry including marketing. Continuing education will be a life-long journey to maintain your license.

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Industrial Short sale Agents Commercial 78

Realty Biz

NOVEMBER 18, 2021

One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale. A Broker Price Opinion (BPO) is very similar to an appraisal except that a real estate broker (or agent) does it rather than a lender’s appraiser. The broker’s opinion, in other words. The Foundation of a BPO.

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Short sale Inspection Loans Banks 111

RIS Media

FEBRUARY 25, 2022

resulted in repayment plans, short sales, deed-in-lieus or other reasons. The takeaway: “For the second straight month, the pace of forbearance exits reached another low since MBA began tracking exits in June 2020,” said Marina Walsh, CMB, MBA’s vice president of industry analysis. The share of other loans (e.g.,

Loans 98

Loans Mortgages Staging Short sale 98

Windemere Buying

AUGUST 16, 2023

For example, some agents have more experience with short sales, while others might be experts on certain neighborhoods or types of housing. Buying a home is one of the most significant financial and emotional purchases of a person’s life. Working with a Buyer’s Agent 2. How many clients are you working with currently?

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Agents Short sale MLS As-is 76

RIS Media

MARCH 1, 2022

deals mainly in short sales and foreclosures, the new Weichert office will concentrate on luxury properties. Award-winning real estate broker Dorothy Botsoe will be opening the Hudson Valley’s first Weichert REALTORS® Signature Properties agency this March. Botsoe will remain broker/owner of Dorothy Jensen Realty, Inc.

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Marketing Short sale Residential Sales 98