HomeLight

SEPTEMBER 30, 2020

Unexpected setbacks and misfortunes happen, whether that stems from a dramatic housing market downturn, getting laid off, or any other wrenches that life (or a worldwide pandemic) throws into your plans. If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course.

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HomeLight

AUGUST 16, 2021

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.

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Short sale Sales Purchase and sale agreement Banks 104

CT Homes

FEBRUARY 3, 2022

A defining term that emerged shortly after the collapse was the “short sale”. In the years following, short sales were the driving force behind a majority of all total real estate transactions. But what is the short sale process and how does it work? . What is a Short Sale?

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Short sale Sales Pre-approval Principal 52

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. They do this based on what they believe is the actual market value of the property.

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Short sale Sales Pre-approval Banks 52

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 11, 2021

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale? Short sales defined . Wait, what?

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Housing Wire

FEBRUARY 1, 2021

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, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. More than 1.7

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Sales Pre-approval Short sale MLS 387

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

Housing Wire

NOVEMBER 11, 2022

Yun, who analyzed the current state of the residential market, offered his 2023 market outlook on Friday at the NAR conference in Orlando. In turn, purchase inventory levels have stayed low in most markets. The housing market conditions are also fundamentally different than they were during the Great Recession, according to Yun.

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Short sale Mortgages Sales Residential 496

Keeping Current Matters

NOVEMBER 4, 2021

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. In reality, only 8.5%

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Short sale Equity Sales Banks 257

Housing Wire

MAY 20, 2022

Roofstock Marketplace , for example, offers services to help sellers who need to sell their homes fast, including key market insights to help with pricing. Roofstock Marketplace , for example, offers services to help sellers who need to sell their homes fast, including key market insights to help with pricing. Sell to a Wholesaler.

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Short sale Investor Banks Agents 402

Housing Wire

APRIL 25, 2023

This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event. As broader economic events have taken center stage since last summer, the market has grown increasingly volatile. To register, go here. In March 2023, it was just 2.2

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Short sale Staging Mortgages Banks 374

Housing Wire

JUNE 8, 2022

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood. year over year. .

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Short sale MLS Banks Loans 347

Housing Wire

APRIL 8, 2021

billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender. “A 36,000 Surplus per Sale.

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Equity Short sale MLS Sales 429

Housing Wire

FEBRUARY 21, 2023

In January, the seasonally adjusted sales pace for existing homes dropped 0.7% 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.

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Sales MLS Short sale Marketing 365

Keeping Current Matters

JANUARY 21, 2021

Hopefully, the recent legislation can help build a bridge to a time when vaccines are fully rolled out and the labor market can sustainably heal.”. What impact will this have on the real estate market in 2021? But while anything is possible, it’s highly unlikely that we’ll see another foreclosure tsunami or housing market crash.”.

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Keeping Current Matters

JULY 28, 2021

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank.

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Short sale Equity Principal Mortgages 264

Housing Wire

MAY 9, 2022

housing market follow Canada? housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. housing market is more tied to mortgage buyers. Home prices in the U.S. look very cheap.

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Short sale Mortgages Equity Sales 530

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! I have never believed in this concept because of how the housing market credit channels work.

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Sales Mortgages Principal Short sale 525

Housing Wire

MARCH 17, 2021

” 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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Title Short sale Lending Loans 367

Realty Biz

NOVEMBER 14, 2023

The housing market is a dynamic and ever-changing landscape. Corrections in the housing market rank among the key factors that significantly impact this industry. Understanding housing market corrections is essential for investors, policymakers, and homeowners alike. It plays a crucial role in the economic health of a region.

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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 231

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. million new and existing home sales combined.

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Bankruptcy Loans Sales Short sale 520

Housing Wire

JUNE 22, 2021

“The improving job market and strong housing market are providing support for those who do exit.”. In fact, calculating mark-to-market CLTVs of homeowners in some form of mortgage postponement through February 2021, Black Knight estimated that 96% have at least 10% equity in their homes. Another 24.1%

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Short sale Loans Equity Mortgages 395

Housing Wire

OCTOBER 31, 2022

When the Fed says they may need to keep rates higher for longer, I believe that’s them talking tough, as they can fall back on the fact that the labor market is still solid and household balance sheets are good. The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike.

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Bankruptcy Lending Equity Mortgages 517

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

DECEMBER 27, 2021

Another factor is that leading market-share brokerage ?rms These companies have come up with innovative marketing and new delivery methods. This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Today, the choices are abundant.

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Brokerage Finance Short sale Agents 379

Realty Biz

MAY 8, 2023

In many American cities, the housing market is very hot. Thanks to low mortgage rates and the shift to working from home, cities like Las Vegas, Nashville, Phoenix, and Austin often have more demand for housing markets than stocks. Non-market decision The Multiple Listing Service (MLS) does not list all properties for sale.

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Marketing MLS Inspection Investor 98

Keeping Current Matters

SEPTEMBER 8, 2021

Short sale. Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. In today’s real estate market, many homeowners have far more equity in their homes than they realize. housing market.”. It starts with knowing what foreclosure is.

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Equity Short sale Loans Sales 217

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? Bottom Line.

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Equity Short sale Principal Loans 242

RIS Media

MARCH 25, 2021

With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash? The unforeseen housing market crash 15 years ago ignited a worldwide recession.

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Marketing Equity Lending Short sale 131

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 Housing inventory issue with no booming demand.

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Bankruptcy Days on market Sales Short sale 384

HomeLight

FEBRUARY 26, 2021

These are all items that you may see listed for sale “as is” on sites like Facebook Marketplace or Craigslist. So how do “as is” sales in furniture and retail translate to “as is” sales in real estate? A couch with a red wine stain. An iPad with software issues. A car with a few dents and scratches.

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Housing Wire

MAY 18, 2022

To take full advantage of the current market conditions, lenders and servicers must obsess over customer service. “Servicers have done a much better job than they did 15 years ago,” said Chopra, speaking at the Mortgage Bankers Association ‘s annual secondary markets conference in New York. Presented by: TMS.

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Loans Short sale Mortgages Closing 380

RIS Media

MARCH 1, 2022

deals mainly in short sales and foreclosures, the new Weichert office will concentrate on luxury properties. Signature Properties Enters Hudson Valley, New York Market appeared first on RISMedia. The new locations service homebuyers and sellers in Westchester and Putnam counties, as well as the Bronx.

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Marketing Short sale Residential Sales 98

Keeping Current Matters

MAY 26, 2021

Understanding how housing affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down the optimal window of time in which to make a purchase. Those properties were sold at large discounts not seen before in the housing market for almost one hundred years. Home Prices.

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Short sale Loans Mortgages As-is 264

Realty Biz

FEBRUARY 12, 2023

We talked to licensed real estate broker Christina Prostano , founder and principal agent of CP Global, who has been working the Manhattan and Brooklyn real estate markets in New York City since 2005. 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.

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Short sale Banks Staging Principal 115