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. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably. Confused by this? Housing inventory.

Sales 527

Sales Mortgages Principal Short sale 527

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

Short sale 98

Short sale Closing costs Closing Sales 98

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. In January, the seasonally adjusted sales pace for existing homes dropped 0.7% On a yearly basis, existing home sales were down 36.9% On a yearly basis, existing home sales were down 36.9% in January.

Sales 370

Sales MLS Short sale Marketing 370

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.

Short sale 104

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?

Short sale 52

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. Misconception: A cash offer will make a short sale move faster than an offer with financing.

Short sale 52

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?

Short sale 96

Short sale Sales Banks Inspection 96

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?

Short sale 82

Short sale Sales Banks Backup offer 82

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.

Short sale 72

Short sale Sales Banks Due diligence 72

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun. A normal spread would revive the economy.

Short sale 492

Short sale Mortgages Sales Residential 492

Realty Biz

MARCH 2, 2023

Read on to discover how to find cheap houses for sale. These websites include images and detailed descriptions of the houses for sale. Look at Short Sales or Foreclosures When the owner fails to pay their mortgage, the lender can take back the property and evict the occupants.

Sales 123

Sales MLS Short sale Banks 123

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.

Short sale 407

Short sale Investor Banks Agents 407

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. 36,000 Surplus per Sale.

Equity 427

Equity Short sale MLS Sales 427

Keeping Current Matters

NOVEMBER 4, 2021

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. This 10% equity is important because it enables homeowners to sell their homes and pay the related expenses instead of facing the hit on their credit that a foreclosure or short sale would create.

Short sale 252

Short sale Equity Sales Banks 252

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. The real story in housing has been the price boom that we have seen since 2020.

Marketing 523

Marketing Sales Staging Short sale 523

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.

As-is 105

As-is Sales Inspection Investor 105

Housing Wire

JUNE 8, 2022

In May, the inventory of homes for sale rose 8%, marking the first inventory rebound since June 2019. The monitoring solution also will enable the examination of current servicing customers as well as non-customer lists and alert loan servicers to possible short sales, the firm said. year over year. .

Short sale 370

Short sale MLS Banks Loans 370

Housing Wire

APRIL 25, 2023

However, many of the homes sold during the past three years were concentrated in higher-priced segments, which exaggerated home price growth as prices were rising and is now exaggerating the declines as sales of multi-million dollar homes begin to normalize. This article is part of our ongoing 2023 Housing Market Forecast series.

Short sale 383

Short sale Staging Mortgages Banks 383

Housing Wire

DECEMBER 28, 2022

There won’t be forced home sales like we saw in the crisis. Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . The low levels of inventory seen in the data and experienced by homebuyers were a result of demand and rapid sales. months nationally.

Marketing 487

Marketing Equity Mortgages Short sale 487

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. The 10% equity number is important because it enables homeowners to sell their houses and pay the related expenses instead of facing the hit on their credit that a foreclosure or short sale would create.

Short sale 263

Short sale Equity Principal Mortgages 263

Housing Wire

MAY 9, 2022

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. foreign buyers have always been less than 300,000 of total home sales for many years. Home prices in the U.S. The average home in Canada is now nearly $650,000 in U.S.

Short sale 529

Short sale Mortgages Equity Sales 529

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.

Short sale 298

Short sale FHA loan Equity Sales 298

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. Short sale. Court ordered sale.

Sales 88

Sales Short sale Real-estate owned Title 88

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

Short sale 544

Short sale Loans Mortgages Sales 544

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. “Offering customizable solutions for all our clients is key to this effort, regardless of their size. . Presented by: Auction.com.

Title 370

Title Short sale Lending Loans 370

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. .

Commercial 309

Commercial Lending Loan Officer Loans 309

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.

Equity 236

Equity Short sale Principal Loans 236

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. million new and existing home sales combined. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag.

Bankruptcy 518

Bankruptcy Loans Sales Short sale 518

Housing Wire

AUGUST 30, 2022

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 months even if the last existing home sales report showed home price growth of near 11% year over year. months even if the last existing home sales report showed home price growth of near 11% year over year.

Bankruptcy 383

Bankruptcy Days on market Sales Short sale 383

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.

Equity 212

Equity Short sale Loans Sales 212

Realty Biz

FEBRUARY 12, 2023

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. When owners face financial hardship, they may be able to organize a short sale and get the bank to agree to accept a price lower than the amount of the loan.

Short sale 118

Short sale Banks Staging Principal 118

Housing Wire

JUNE 22, 2021

For others, it should be adequate for properly selling through traditional real estate channels to avoid a default or short sale. The forbearance rate is officially below 4% for the first time in a year. The MBA now estimates 2 million homeowners are still in some form of a forbearance plan. resulted in a loan deferral/partial claim.

Short sale 395

Short sale Loans Equity Mortgages 395

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. A total of 79% of borrowers in forbearance exited the plan by reperforming on their mortgage, paying off the loan, or refinancing for sale.

Equity 294

Equity Short sale Loans Mortgages 294

Calculated Risk Real Estate

SEPTEMBER 8, 2023

Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). Note: Very few homeowners have negative equity now - unlike during the housing bubble.

Closing 125

Closing Equity Principal Short sale 125

Housing Wire

OCTOBER 31, 2022

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good? From the WSJ article: “ U.S.

Bankruptcy 515

Bankruptcy Lending Equity Mortgages 515

Calculated Risk Real Estate

MARCH 7, 2024

Note the almost 7 years of declining mortgage debt as distressed sales (foreclosures and short sales) wiped out a significant amount of debt. Note: Very few homeowners have negative equity now - unlike during the housing bubble. 1 (sometimes called the Flow of Funds report) released today. Mortgage debt is up $2.36

Closing 68

Closing Equity Principal Short sale 68

Realty Biz

JULY 19, 2022

This article might be premature because across most of the country home sales continue happening rapidly. 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. properties with a foreclosure filing. This becomes REO.

Purchase and sale agreement 104

Purchase and sale agreement Short sale Loans Inspection 104