Housing Wire

NOVEMBER 11, 2020

It’s likely that many of these properties were already in the early stages of default prior to the pandemic, or are vacant and abandoned, which makes them candidates for expedited foreclosure actions.”. Bank repossessions on REO homes (real-estate owned) were also up 28% from last month for a total of 2,577 U.S

Banks 460

Banks Real-estate owned Staging Mortgages 460

Housing Wire

JUNE 6, 2022

Leslie Rouda Smith, president of the NAR, used her own letter to the FHA to explain the trade group has been “concerned” about the pandemic’s impact on the housing market. As of September 2021 the MMIF was nicely cushioned, with a capital ratio of 8.03% — almost four times the required statutory minimum. Presented by: Stavvy.

Loans 413

Loans Industrial Mortgages Real-estate owned 413

Realty Biz

JUNE 20, 2023

Researching Foreclosures Start your search by understanding the real estate market in your area. Foreclosure listings are usually available on local court websites, local newspapers, real estate websites, and at the county recorder's office. Auctions: Properties not sold in the pre-foreclosure stage go to auction.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

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. During this stage, your house is technically in pre-foreclosure —meaning that the bank has not taken possession of the property yet. KLH49/iStock What is a foreclosure? Here’s what you need to know.

Banks 104

Banks Loans Mortgages Real-estate owned 104

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

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?

Banks 100

Banks Inspection Equity Investor 100

HomeLight

AUGUST 31, 2020

You will learn what each stage of the process looks like as we define the different terms clearly. 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.

Short sale 88

Short sale Sales Banks Inspection 88