Calculated Risk Real Estate

DECEMBER 8, 2023

homeowners with mortgages (which account for roughly 63% of all properties) saw home equity increase by 6.8% million homes or 2% of all mortgaged properties. . million homes or 2% of all mortgaged properties. Some simple definitions (for housing): Forbearance is the act of refraining from enforcing mortgage debt.

Equity 113

Equity Real-estate owned Lending Loans 113

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Marketing 381

Marketing Renovation Investor Sales 381

Calculated Risk Real Estate

MARCH 13, 2024

The two key reasons are mortgage lending has been solid, and most homeowners have substantial equity in their homes. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity increase by 8.6% homeowners with mortgages (which account for roughly 62% of all properties) saw home equity increase by 8.6%

Equity 69

Equity Real-estate owned Lending Loans 69

Housing Wire

APRIL 8, 2021

If a property reverts back to the foreclosing lender at the foreclosure sale and becomes real estate owned (REO), the distressed homeowner is not due any surplus proceeds from a subsequent sale of the REO property.”. Over the past five years, more than $1.2

Equity 424

Equity Short sale MLS Sales 424

Calculated Risk Real Estate

SEPTEMBER 11, 2023

Last week, CoreLogic reported on homeowner equity: CoreLogic: Home Equity Increases From Winter to Spring, Reducing Underwater Properties in Q2 Only 2% of homeowners with a mortgage were in negative equity as of the second quarter, roughly the same rate recorded over the past two years. The number of underwater U.S. Currently 23.3%

Equity 67

Equity Real-estate owned Lending Loans 67

Realtor.com

FEBRUARY 25, 2021

Those missed payments can be repaid when the mortgage reaches maturity, when the home is sold or when the mortgage is refinanced. Originally, Fannie Mae and Freddie Mac instructed loan servicers that mortgage borrowers could request up to 12 months of forbearance on their mortgages as a result of the coronavirus pandemic.

Mortgages 81

Mortgages Real-estate owned Loans Finance 81

Housing Wire

MARCH 19, 2024

Lewisville, Texas-based property services company MCS announced last week that it acquired Five Brothers Asset Management Solutions , a deal which brings MCS into the reverse mortgage industry for the first time, according to an announcement by the company. Five Brothers, headquartered in Warren, Mich.,

Mortgages 405

Mortgages Principal Commercial Real-estate owned 405

Housing Wire

MAY 8, 2024

Ellington Financial , the parent company of top-five reverse mortgage lender and servicer Longbridge Financial , reported that its reverse mortgage segment’s adjusted distributable earnings were lower in the first quarter of 2024 than they were in the previous quarter. But Penn is looking ahead with optimism.

Mortgages 218

Mortgages Marketing Loans Finance 218

RIS Media

AUGUST 30, 2020

31, 2020, is effective immediately and applies to properties with single-family mortgages backed by Fannie Mae. The suspension of evictions applies only to homes owned by Fannie Mae and does not apply to tenants in homes that have not been foreclosed. The moratorium, which was previously set to expire on Aug. Source: Fannie Mae.

Mortgages 74

Mortgages Real-estate owned Lending Loans 74

Realtor.com

JANUARY 29, 2023

When a homeowner doesn’t pay their mortgage for an extended period of time, a lender will take possession of the home—which means the current owner must move out. Foreclosure is a scary word and it’s become a real concern for homeowners as the economy continues to fluctuate. KLH49/iStock What is a foreclosure?

Banks 104

Banks Loans Mortgages Real-estate owned 104

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 105

Real-estate owned Finance Mortgages Development 105

Realty Biz

JANUARY 1, 2021

A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. Here are Five Types of Foreclosures and Tips for Purchasing Each Type from the experts: .

Short sale 116

Short sale Pre-approval Banks Loans 116

HomeLight

MAY 17, 2022

Generally, lenders will take much less than top dollar for a foreclosure, which is good news for anyone looking to score a deal on real estate. A preforeclosure means the homeowner has stopped making payments or fallen behind on their mortgage payments. Is buying a foreclosed house for dummies a hack that would work for you?

Inspection 93

Inspection Banks Short sale Title 93

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. Arm’s length sale. The transaction is between the lender and the buyer.

Sales 88

Sales Short sale Real-estate owned Title 88

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 101

Purchase and sale agreement Short sale Loans Inspection 101

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of the mortgaged property and selling it. KEY TAKEAWAYS Foreclosure is a legal process that allows lenders to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property.

Pre-approval 59

Pre-approval Banks Loans Mortgages 59

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

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. After all, great communication leads to closed deals. Active contingent.

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Purchase and sale agreement Title Proof of funds Pre-approval 97

Real Trends

JANUARY 25, 2023

After a record-setting year in 2021, when homes sold within hours of being listed, the market cooled drastically in 2022 as mortgage rates rose. 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.

Homeowner’s association 75

Homeowner’s association Finance Agents Short sale 75

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.

Pre-approval 71

Pre-approval Banks Title search Inspection 71

McKissock

NOVEMBER 13, 2020

If a mortgage lender acquires the title to a property as the result of a foreclosure, the property is called an “REO” property, which is short for “Real Estate Owned.” However, inspecting these types of properties can be dangerous. Additionally, you may encounter environmental hazards such as mold. Trust your instincts.

Inspection 88

Inspection Short sale Title Real-estate owned 88

HomeLight

SEPTEMBER 30, 2021

You see foreclosures listed on your favorite real estate sites, but what does that term really mean ? “A Preforeclosure: The lender sends a notice of default to inform the owner that they must get up to date on their mortgage payments within a certain timeframe — or they will face foreclosure. What even is a foreclosure?

Banks 104

Banks Inspection Equity Investor 104

HomeLight

AUGUST 31, 2020

The path to foreclosure begins with a homeowner struggling to make their mortgage payments. When a homeowner can’t make their payments, they may either try to sell their home before they get too far behind on their mortgage, or they could simply let the loan go into default. Source: Jamie Street / Unsplash). Distressed or short sales.

Short sale 89

Short sale Sales Banks Inspection 89

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?

Agents 80

Agents Banks MLS Title 80

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 98

Pre-approval Short sale Banks Finance 98

CT Homes

NOVEMBER 11, 2021

Regardless, evicting problematic tenants is a natural part of ensuring landlords and rental property owners profit from their real estate investments. Vacating Former Homeowners Still Living in a Real Estate Owned Property Post-Foreclosure. Cash for Keys: What It Means for Rental Properties. What is Cash for Keys?

Real-estate owned 64

Real-estate owned Banks As-is Investor 64

Lab Coat Agents

NOVEMBER 16, 2021

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?

Debt-to-income ratio 98

Debt-to-income ratio Equity Investor Real-estate owned 98

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 extension gives peace of mind to the more than 28 million homeowners with an Enterprise-backed mortgage,” said Calabria. Presented by: VRM Mortgage Services.

Mortgages 523

Mortgages Real-estate owned Finance Loans 523

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. 22, the Mortgage Bankers Association estimates 2.6 With the latest edict, the agency is now allowing borrowers up to 18 months of coverage.

Mortgages 513

Mortgages Real-estate owned Finance Loans 513

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. ” What role can mortgage brokers play in fair housing? .” ” What role can mortgage brokers play in fair housing?

Real-estate owned 539

Real-estate owned Finance Equity Mortgages 539

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 96

Agents Investor Banks Land 96

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. The purpose of the foreclosure auction is to recoup money for missed mortgage payments or tax liens. But how do foreclosure auctions work?

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Due diligence Hard money loan Finance Banks 98

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 93

Banks Inspection Inspection contingency Title 93

Easy Agent Pro

DECEMBER 29, 2020

Economists are, for the most part, predicting a red-hot year for real estate in 2021. homeowners will be on the hook for delinquent payments when mortgage forbearance ends,” according to Daryl Fairweather, chief economist of Redfin. It starts when mortgage payments go unpaid. This comes as “More than 3.3 million U.S.

FHA loan 83

FHA loan Agents Loans Sales 83

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?

House Flipping 88

House Flipping Renovation Investor Finance 88

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

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Land lease Land Lending Equity 423

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. If you’re searching for HUD homes, you won’t find them on most real estate sites. Source: (Jeremy Yap / Unsplash).

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Pre-approval Pre-qualification FHA loan Inspection 94