Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Auctions The most common type of foreclosure sale is by an auction. Preforeclosures arent always for sale, as homeowners may be working to fix the default payments.

Pre-approval

The Mortgage Report

JULY 11, 2025

I think in some cities, like Phoenix, we are starting to see a little bit of foreclosure or short sale happening. Some markets have huge housing shortages and homes for sale. How Soon Can I Refinance? How Often Can I Refinance? It Is Worth Refinancing For 0.5%? Verify your home buying eligibility. The housing market in the U.S.

FHA 203k rehab loan

Calculated Risk Real Estate

MARCH 13, 2025

emphasis added 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). While year-over-year, negative equity increased by 7% from 1 million homes, or 1.8%

Closing

Redfin

JULY 8, 2025

A short sale , where the home is sold for less than the outstanding mortgage balance with the lender’s approval, is one possibility. A short sale , where the home is sold for less than the outstanding mortgage balance with the lender’s approval, is one possibility. Now, let’s get started.

Purchase and sale agreement

Redfin

JULY 23, 2025

This is known as a pre-foreclosure sale. If you’re underwater on your mortgage (you owe more than your home is worth), you might consider a short sale. A short sale allows you to sell the home for less than you owe, with lender approval. Short sale requirements: You must prove financial hardship.

Pre-approval

Lab Coat Agents

APRIL 21, 2025

This can lead to win-win solutions like short sales or creative financing options. AI tools are helping real estate agents analyze market trends, predict property values, and streamline client interactions. Naturally, this makes AVMs a valuable tool for agents. Similarly, AI can forecast rising markets.

Agents

Redfin

JANUARY 28, 2025

The short answer is yesbut there’s more to the story. If you’re exploring mortgage options or looking to sell your home, whether its a charming home in Nashville or a spacious townhome in Houston , you might wonder: Are FHA loans assumable? What is an FHA assumable mortgage? What are the requirements to assume an FHA loan?

FHA loan

AAOA

JUNE 23, 2025

As a real estate investor, capitalizing on spring and warmer months is key. When looking into real estate deals, understanding when “spring” and the market peaks in your area is crucial. Being prepared to act on a good deal quickly, and being flexible in your search are also helpful tips to maximize the market potential when looking to buy.

Investor

Redfin

JULY 21, 2025

How to find fixer-upper homes You can find fixer-uppers the same way you’d find regular homes for sale online. Real estate auctions are another way to find fixer-upper homes for sale. You can also look at foreclosures and short-sale properties as they’re often sold below market value.

Renovation

Redfin

MARCH 4, 2025

One of the benefits of homeownership is building equity – the amount of the home you actually own. Home equity can be used to help you buy a new home, make improvements to your house to increase its value, or pay off debts. So, how do you calculate how much home equity you have? Home equity is the amount of your home that you actually own.

Equity

Redfin

JUNE 23, 2025

Beyond losing your home, some states allow lenders to pursue a deficiency judgment, where you may still owe money if the sale of your home doesn’t fully cover the loan balance. Short sale: Sells the home for less than the loan balance, with lender approval. What happens if I stop paying my mortgage?

Mortgages

Marco Santarelli

JUNE 23, 2025

While existing-home sales decreased by 0.7% year-over-year, there's more to the story than just that one number. As NAR Chief Economist Lawrence Yun pointed out, “The relatively subdued sales are largely due to persistently high mortgage rates.” Is the housing market about to crash or take off? Neither perhaps!

Sales

Marco Santarelli

APRIL 27, 2025

My short answer? Now, imagine you have the resources to just walk in, pick your spot, and pay for it right there and then, without needing a loan. That's the power of buying a house with cash. But the question isn't just if you can , it's Is Now a Good Time to Buy a House with Cash? It's like having a VIP pass in a crowded market.

Finance

Redfin

JUNE 30, 2025

Beyond that, some home sale situations will require longer document retention. Primary residence sale (capital gains tax due) Scenario: You sell your primary residence but owe capital gains tax. Investment property or rental property sale Scenario: You sell a home you used as a rental or investment.

Purchase and sale agreement

Housing Wire

FEBRUARY 27, 2025

Dan Binowitz, managing director of mortgage servicing for loanDepot , told HousingWire that it may be too soon to determine the impact of federal workforce reductions. Since Trump returned to office on Jan. Since Trump returned to office on Jan. And speculation is swirling that the mass layoffs will result in a surge of new listings.

Mortgages

Calculated Risk Real Estate

JUNE 12, 2025

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). Unlike during the housing bubble, very few homeowners have negative equity now. Mortgage debt is up $2.78

Closing

Afford Anything

JUNE 10, 2025

In 2011, I bought a 3,300-square-foot primary residence as a short sale in a highly desirable neighborhood for $645,000. Emily is nervous that buying their first home will derail her family’s journey to financial independence. What’s the smartest way to deploy their savings and stay on track? P.S. Got a question? Leave it here.

HR

Redfin

JUNE 23, 2025

The short answer is that you typically become responsible for the mortgage payments, and you’ll need to decide whether to keep the home, sell it, or explore other options. The sale proceeds can be used to pay off the loan, and any remaining equity will be distributed to the estate or heirs. Payments must continue to avoid foreclosure.

Mortgages

Housing Wire

FEBRUARY 5, 2025

While casting a wide net can sometimes be a helpful strategy, you set yourself up to compete with every agent vying for the same listings and buyer clients. By becoming highly knowledgeable in a particular niche, you establish yourself as the subject matter expert for a specific audience of buyers, sellers or property types.

Commercial

AAOA

MAY 5, 2025

Short Sales: Short sales happen when a property is sold for less than the outstanding mortgage balance, typically with the lenders permission. Probate Sales: With probate sales, people sell properties as part of estate settlements after the owner has passed away, oftentimes to distribute assets among heirs.

Bankruptcy

BAM Media

NOVEMBER 22, 2024

On the flip side, if you hate short sales and film a client education video with that energy, it’ll feel like a hostage situation—and people will tune out. These social media predictions from Gary Vee , however, might be a little more accurate. Swipe below to see what he said. This is great news for agents and creators.

Short sale

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

Sales

Housing Wire

SEPTEMBER 9, 2020

Not only could millions of families potentially lose their home, through a short sale or foreclosure, but this also could create downward pressure on home prices – and consequently home equity – as distressed sales are pushed back into the for-sale market,” the report said. Currently, about 3.6

Short sale

HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ? Well, it depends.

Short sale

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.

Equity

Realty Biz

AUGUST 29, 2022

Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? What You Need to Know About Short Sales.

Short sale

Housing Wire

OCTOBER 17, 2023

Walking that thin line is becoming increasingly important as more distressed sales are pushed up-funnel into the pre-foreclosure marketplace — a trend that began developing about 10 years ago and has accelerated in earnest over the last two years. Those dangers can be found in recent headlines from the New York Times and ProPublica.

MLS

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

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

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

Housing Wire

AUGUST 23, 2021

Meanwhile, the median existing-home sales price rose to $359,900 in July, up from $305,600 last year, marking a 17.8% Meanwhile, the median existing-home sales price rose to $359,900 in July, up from $305,600 last year, marking a 17.8% The inventory of unsold homes rose by 7.3% million from June to July, the report found.

Short sale

Housing Wire

NOVEMBER 11, 2022

While the unprecedented uptick in mortgage rates led to a lack of demand from buyers, it has also acted as a deterrent for homeowners, who are hesitant to list their homes for sale in a tough market. Distressed property sales are almost non-existent, at just 2%, and nowhere near the 30% mark seen during the housing crash.

Short sale

HomeLight

SEPTEMBER 6, 2022

Because, there’s a lot of uncertainty surrounding a short sale, a homeowner might reach out to the real estate agent who originally sold them their home. But that may not be the best choice because even if the whole experience was positive, you’re not going to get the same help that a short sales Realtor® can provide.

Short sale

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

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales. What is a short sale?

Short sale

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

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.

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