Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005.

Bankruptcy 519

Bankruptcy Lending Equity Mortgages 519

RIS Media

JANUARY 29, 2021

A lender may instead base its decision on information contained in bank statements. After a bankruptcy, foreclosure or short sale, a prospective homebuyer may have to wait a period of time before taking out a new prime mortgage. A high loan-to-value ratio means that an Alt-A borrower will have little or no equity.

Debt-to-income ratio 94

Debt-to-income ratio Mortgages Bankruptcy Loans 94

HomeLight

AUGUST 16, 2021

You’ll learn how to prospect for distressed properties, how to approach homeowners, how to work with banks, and much more that will position you as the local expert with solutions to help those in need. Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Links and Show Notes.

Marketing 75

Marketing Short sale Bankruptcy Banks 75

The Close

DECEMBER 27, 2022

Real estate sales by unit. Preforeclosure and bank-owned properties, or REO. Foreclosure filings begin to increase as financially distressed homeowners no longer have the option to refinance and access their equity, and the tighter market gives them few options to sell or downsize. Preforeclosure and short sales are more common.

Investor 95

Investor Staging Marketing Banks 95

HomeLight

DECEMBER 2, 2021

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Your agent will also ensure that all additional legal guidelines required in a short sale are followed.

Short sale 79

Short sale Sales Loans Banks 79

HomeLight

DECEMBER 1, 2021

If you have the financial resources to stay afloat, it could be better to wait until the market swings to your favor rather than lose some or all of your equity by selling at a loss. Here’s when you may want to reconsider — or at least carefully weigh the consequences of — a home sale. When to think twice.

Purchase and sale agreement 105

Purchase and sale agreement Short sale Loans Mortgages 105

HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In If only there were a way to — poof! Closing costs.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98