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 103

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. 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?

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Short sale Sales Banks Inspection 88

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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Short sale Sales Banks Backup offer 72

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 63

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 410

Sales Pre-approval Short sale MLS 410

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.

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Short sale Investor Banks Agents 410

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.

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Short sale Equity Sales Banks 249

Housing Wire

JUNE 8, 2022

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. The monitoring program, covering all 50 states, includes MLS listing data as well as public records from data aggregators. year over year. .

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Short sale MLS Banks Loans 370

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 432

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.

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Short sale Mortgages Sales Residential 496

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.

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Short sale Equity Principal Mortgages 263

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 384

Short sale Staging Mortgages Banks 384

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 300

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 530

Short sale Mortgages Equity Sales 530

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 370

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 491

Marketing Equity Mortgages Short sale 491

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. WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services.

Title 370

Title Short sale Lending Loans 370

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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As-is Sales Inspection Investor 94

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 311

Commercial Lending Loan Officer Loans 311

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. Without significant credit stress in the system, we can’t ever assume we will see inventory scale spikes where sellers will not be able to buy homes because of a foreclosure or short sale.

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Sales Mortgages Principal Short sale 528

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.

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Short sale Loans Equity Mortgages 397

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.

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Short sale Banks Staging Principal 122

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 525

Marketing Sales Staging Short sale 525

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.

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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 517

Bankruptcy Lending Equity Mortgages 517

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

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Closing Equity Principal Short sale 68

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 208

Equity Short sale Loans Sales 208

Housing Wire

DECEMBER 27, 2021

I think it’s a foregone conclusion that leading brokers are going to need to retrain agents on these financing services, much as they did 10 to 12 years ago to deal with distressed inventory and short sales,” Murray said. This article is part of our HousingWire 2022 forecast series. Today, the choices are abundant. only one year ago.

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Brokerage Finance Short sale Agents 397

Realty Biz

JULY 19, 2022

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. 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.

Purchase and sale agreement 106

Purchase and sale agreement Short sale Loans Inspection 106

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?

Equity 233

Equity Short sale Principal Loans 233

Housing Wire

MAY 18, 2022

A mere 11,386 loans had a status of foreclosure during the seven-month period, while 322 loans had an exit status of a short sale. To take full advantage of the current market conditions, lenders and servicers must obsess over customer service. Presented by: TMS.

Loans 384

Loans Short sale Mortgages Closing 384

Keeping Current Matters

JUNE 10, 2021

Not all of the $700 billion was used, but the important point is that the government did not act with equal fervor to help flailing homeowners, millions of whom lost their homes to foreclosures and short sales. However, it hasn’t rattled the world economy. Why is there a drastic difference between 2008 and now?

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Bankruptcy Banks Short sale Industrial 229

Housing Wire

MARCH 3, 2022

A growing chorus of mortgage servicers, consultants, and lobbyists support the idea of having forbearance programs as a permanent solution in the industry’s loss mitigation toolkit, rather than only a temporary relief for wide-scale events such as financial crises and pandemics. So, it may start to come down.

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Principal Loans Lending Finance 370

Keeping Current Matters

FEBRUARY 11, 2021

For example, here’s the typical mortgage payment for assorted dates going back to 2000, as calculated by CoreLogic : Outside of the housing crash (when short sales and foreclosures drove prices down), it’s more affordable to buy a home today when you consider all three elements of the affordability equation: price, income, and mortgage rate.

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Short sale Mortgages Sales As-is 252