How to survive when sellers file for bankruptcy in 2021

Inman

Today, real estate agents and brokers have teamed up with BK Global, a company specializing in the sale of bankruptcy properties nationwide. Agent Sponsored bankruptcy BK Global Brad Geisen Chapter 11 bankruptcy How to survive when sellers file for bankruptcy in 2021

How to help homeowners when they file bankruptcy

Inman

For many homeowners, bankruptcy may be a much smarter choice than facing foreclosure. Agent Sponsored bankruptcy BK Global foreclosure How to help homeowners when they file bankruptcy short saleBut they may not have all the information they need to make the right decision.

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Construction startup Katerra files for bankruptcy

Inman

Banking & Lending Industry News Select Venture Capital bankruptcy Chapter 11 construction Katerra real estate silicon valley softbank startup

Home buying with Chapter 13 bankruptcy: What are your options?

The Mortgage Report

You can qualify for a mortgage with a Chapter 13 bankruptcy in your recent past. About Mortgages FICO & Credit Scores Bankruptcy Housing Mark Cappel Mortgage mortgage rates Real EstateYou could even buy a house while in Chapter 13 in some cases. Here's how.

Can I buy a house 1 year after Chapter 7 bankruptcy?

The Mortgage Report

Buying a house after Chapter 7 bankruptcy is possible, but most buyers have to wait at least 2 years after the bankruptcy is discharged to get a home loan.

Will Bankruptcy Give You A Fresh Start?

I Am 1 Percent

The post Will Bankruptcy Give You A Fresh Start? Do your bills keep piling up and your income just can’t keep up? Do you have a huge debt load that dwarfs your income? Have you gotten laid off and have tons of debt? If you answered yes to any. Read more.

Dumbo Cafe Closes as Brooklyn Roasting Company Files For Bankruptcy

Brownstoner

Brooklyn’s namesake roasting company is another casualty of the coronavirus pandemic after filing for Chapter 11 bankruptcy protection on October 21.

How can a Past Bankruptcy Affect Your Ability to get Preapproved for a Home Loan?

RIS Media

If you have declared bankruptcy in the past, that can complicate things, but you may still be able to get preapproved. How Can a Bankruptcy Affect Your Credit? The type of bankruptcy filing will determine its effect on your credit.

Key Tips to Rally Back from COVID-19 Bankruptcy in 2020

C4D Crew

Previously successful people have had to declare bankruptcy, and gotten bankruptcy loans, recently because of COVID-19. Cheese to name a few have had to invoke bankruptcy protection with bankruptcy loans. . Bankruptcy Code. No Scarlet Letter for Bankruptcy Loans.

7 Facts Realtors Need to Know about Divorce, Bankruptcy and Selling or Buying Real Property

Agent Fire

Take a look at 7 facts about divorce and bankruptcy you need to know. 7 Facts Realtors Need to Know about Divorce, Bankruptcy and Selling or Buying Real Property is just one of many great real estate strategies on The Spark

New program to bolster hot listing leads and increase sales in 2021

Inman

Agent Sponsored bankruptcy BK Global Brad Geisen Chapter 11 bankruptcy New program to bolster hot listing leads and increase sales in 2021BK Global just launched a new program giving agents access to over 800,000 homeowners who are hot listing leads.

Daily Links: Alamo Drafthouse Files for Bankruptcy, Fate of Downtown Brooklyn Theater Unclear

Brownstoner

Dumbo Cafe Closes as Brooklyn Roasting Company Files for Bankruptcy (Updated)

Brownstoner

Brooklyn’s namesake roasting company filed for Chapter 11 bankruptcy on October 21, but its founder said the company is only adjusting its operations and has no plans to go anywhere. “In

1 in 5 criminally-charged Capitol rioters have faced foreclosure

Inman

Capitol rioters' public records reveal extensive financial hardship, and nearly 20 percent faced bankruptcy or foreclosure prior to the insurrection, according to the Washington Post.

Daily Links: Clothing Retailer Century 21 Files for Bankruptcy, Will Close Stores in Brooklyn

Brownstoner

Redfin to acquire RentPath for its apartment listings

Realty Biz

Redfin said it will pay $608 million in cash to acquire RentPath, which filed for bankruptcy in February 2020. RentPath has remained in business while its bankruptcy proceedings are still ongoing, and the company’s owners have been searching far and wide for a solution during this time.

Manhattan Crisis: What Does Our Housing Past Tell Us About Our Housing Future?

Miller Samuel

Manhattan New York Times Charts, Maps, Images, Infographics, Video Distressed Housing Historical, Landmark, Milestone Weather & Natural Disasters 9/11 financial crisis Lehman Brothers Bankruptcy NYT Real Estate Michael Kolomatsky

Toronto and Vancouver Insolvencies Make The Biggest Jump In Years

Better Dwelling

Office of the Superintendent of Bankruptcy Canada (OSB) filings show a huge jump in March. Insolvencies, both bankruptcies, and consumer proposals, hit the highest level since the pandemic. Toronto and Vancouver are both seeing an unusual surge of insolvency filings.

The title insurance arms race heats up

Housing Wire

The sky was falling,” Perkins said, describing the environment of fear as companies were acquired, layoffs were rampant and bankruptcies were common. The first time Lawyers Title of Arizona Sales Executive Sarah Perkins walked through an acquisition was 2006.

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CoStar headed to court following failed acquisition of RentPath

Inman

RentPath petitioned a bankruptcy court in Delaware to expedite payment of a $60M break-up fee. The letter demanded payment within two days from the Dec. 29 filing. Industry News Select Technology Andy Florance costar Dhiren Fonseca Federal Trade Comission ftc rentpath

Wells Fargo halts proactive COVID-19 forbearance plan following multiple lawsuits

Housing Wire

“The company was unable or unwilling to identify how many total consumers were affected, but did inform the Senators of a small subset, indicating that ‘(a)n internal review showed that at least 904 accounts held by customers in active bankruptcy proceedings were placed into forbearance without an affirmative request,’ and that the bank had received over 1,600 complaints about forbearance practices.”

Hockey legend Wayne Gretzky lists California estate for $22.9M

Inman

Gretzky and his wife Janet built the home in 2002, sold it in 2007, then rebought the home several years later after a former owner lost it to bankruptcy. Listings Luxury Luxury Lens Arvin Haddad Edmonton Oilers Lenny Dykstra Major League Baseball National Hockey League Oilers Entertainment Group realtor.com the agency the los angeles times wayne gretzky

Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

Wells Fargo also paid $13 million to settle a class-action lawsuit that accused the bank of “improperly” modifying the mortgages of borrowers who had declared bankruptcy. Wells Fargo agreed to pay $95.7

Why This Is Not Like 2008 Again

Keeping Current Matters

Lehman Brothers) and many more into bankruptcy. During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex.

Guaranteed Rate to acquire Stearns Lending

Housing Wire

Blackstone took full control of Stearns in fall 2019 after it exited bankruptcy due to significant debt problems. Chicago-based lender Guaranteed Rate is acquiring multi-channel lender Stearns Holdings for an undisclosed sum, multiple sources told HousingWire Tuesday.

Adopting Technology to Improve Servicing Profitability During and After the COVID-19 Crisis – Sponsored by Capacity

Housing Wire

Why it’s critical to automate processes associated with forbearance, loss mitigation, default management, and bankruptcy/foreclosure optimization. In this session on servicing technology, you will discover: The benefits of adopting an AI-driven process to streamline and standardize data.

Glenn Stearns’ Kind Lending originates $1B in 6 months

Housing Wire

At the time, the bankruptcy was being conducted by Blackstone , the private equity giant that acquired a majority stake in Stearns parent company, Stearns Holdings , back in 2015. Glenn Stearns is back, and not just on television.

Redfin makes its big rental play with RentPath acquisition

Housing Wire

Seattle-based Redfin has agreed to pay $608 million in cash to acquire RentPath , though the deal still requires sign-off by the Federal Trade Commission and a bankruptcy court. It looks like RentPath will be sold after all.

Canadian Consumer Insolvencies Soar 28%, Biggest Monthly Jump In Over 10 Years

Better Dwelling

Office of the Superintendent of Bankruptcy (OSB) data shows March saw a sudden increase in filings. The Canadian economy is picking up speed, and so is the number of consumer insolvencies. The unexpected monthly increase was the biggest in almost a decade.

Americans’ mortgage debt increased to $10T in Q4

Housing Wire

Roughly 121,000 Americans had a bankruptcy notation added to their credit reports in the fourth quarter, a decline from the third quarter and a new series low, the New York Fed reported. Overall household debt increased by $206 billion in the fourth quarter of 2020 to $14.56

How does the FHFA 7% loan cap on GSEs affect originators?

Housing Wire

Portfolio Select is a good option for those just two years out of foreclosure, short sale, bankruptcy or deed-in-lieu. As you probably know by now, the Federal Housing and Finance Agency has limited GSEs to a 7% cap on loan purchases for second home and investment properties.

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CFPB looking at Mr. Cooper after withdrawal errors

Housing Wire

In all, the Justice Department said the three lenders didn’t comply with federal bankruptcy procedures, which affected a total of 76,000 accounts beginning in 2011.

IMF: CFPB mortgage servicer complaints drop in Q4

Housing Wire

The percentages over the past year for mortgages that were 90 to 180 days past due (0.6 %) and mortgages in the process of foreclosure, bankruptcy or deed-in-lieu (0.3 %) remained flat.

Who’s behind the revolution in the rental industry?

REM Online

Many landlords would face bankruptcy after only three months of not receiving rental payments,” Karthik Manimozhi, CEO of LetUs by RentMoola. The following content may have been republished here without the author's permission.

Fed inflation plan could end rock-bottom mortgage rates

Housing Wire

The Federal Reserve is considering abandoning its longtime strategy of using its benchmark rate to pre-emptively prevent inflation from rising above its 2% target. That could be the death knell for rock-bottom mortgage rates.

Daily Links: Southeast Brooklyn Could Get Subway Service Via Biden Infrastructure Plan

Brownstoner

How A Credit Card Can Help You Become A 1 %er

I Am 1 Percent

Most people have heard horror stories about how credit cards lead many people into serious debt, that can take years to get out of, or lead even lead you into bankruptcy. However, there are two sides to every story and. Read more. The post How A Credit Card Can Help You Become A 1 %er appeared first on I Am 1 Percent. Credit Cards rewards

CoStar drops bid for CoreLogic citing market volatility

Housing Wire

Redfin announced last month that it would buy RentPath for $608 million, pending approval from bankruptcy court and the Federal Trade Commission.

CoStar and private equity group battle for CoreLogic

Housing Wire

After its filing of bankruptcy in February, Rentpath , which owns Rent.com, ApartmentGuide.com, Rentals.com and Lovely.com, agreed to sell to CoStar for a reported $558 million.

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Canadian Insolvencies Begin To Rise, Even With Support Measures In Place

Better Dwelling

Office of the Superintendent of Bankruptcy (OSB) data shows insolvencies increased in Q3 from the previous quarter. Canada is pulling all of the measures to make sure households and businesses don’t go bust, but it’s just time for some.