Housing Wire

AUGUST 30, 2022

The next job loss recession, when it happens, will have more foreclosures, short sales, and bankruptcies. The 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws, once passed, created an expansion that has produced the highest quality homeowners in our lifetime. It hasn’t worked since 2012 for a reason.

Bankruptcy

Housing Wire

DECEMBER 8, 2021

Even with the hottest economic and inflation rate of growth in decades, the 10-year yield hasn’t been close to even testing my high-level range, and I am not in the camp that rates are a sure lock to go higher in 2022. Panic selling is different than distress selling when you’re in a foreclosure or short sale.

Bankruptcy

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

HomeLight

MAY 24, 2022

Sellers tend to prefer all-cash offers because those deals close more quickly. Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. But just how long does it take to close on a house with cash, compared to a traditional loan?

Purchase and sale agreement

HomeLight

MARCH 31, 2022

“I wouldn’t want them to spend $5,000 on having new carpet installed just to drive by and see the carpet piled up on the side of the road two weeks after closing because somebody wanted hardwood floors.”. In some cases, this results in a short sale , which is a complicated process that results in selling the home for less than it’s worth.

As-is

HomeLight

JANUARY 13, 2022

In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. So he knows all the twists and turns that can occur between an accepted offer and a closed sale. Settlement contingencies are similar to home sale contingencies.

Backup offer

Kyle Handy

JANUARY 20, 2023

They aren’t closing these deals through PayPal but are trying to source a buyer as an FSBO homeowner. You can target advertising on Google or Facebook to people interested in bankruptcy or foreclosure. This also includes people who may be considering bankruptcy or have just inherited a house they need to sell.

House Flipping

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Real estate attorneys are considered essential for closing in the state of North Carolina. Mention in your as-is listing if your home is close to any of the following: Schools.

As-is

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. They look for motivated sellers who want to close quickly and avoid the potential complications of financing or sale contingencies, even if it means accepting a lower offer price,” he explains.

Earnest money deposit

The Close

MARCH 15, 2022

One year later, in September 2008 when Lehman Brothers—the nation’s fourth-largest investment bank—filed for Chapter 11 bankruptcy, it signaled the start of the largest real estate crash of our lifetime. Short sales and foreclosures quickly became the norm. Visit The Close Pro. I was fortunate. Related Article.

Agents

HomeLight

AUGUST 10, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Atlanta. Get an offer in as few as 48 hours and close in as little as 10 days. We Buy Houses companies in Atlanta typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days.

Purchase and sale agreement

The Residential Specialist

JUNE 30, 2021

After all, clients are motivated to move, and the sale could result in two separate buyers. But beware of being overly eager to close the deal. “A Thompson compares the toughness of divorce listings to short sales. In some cases, legal complications such as restraining orders and bankruptcies can affect progress.

Agents

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

HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” How it can delay closing. Easy, right? Yeah, not so much.

Closing

HomeLight

JULY 29, 2022

Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves. What can go wrong on the buyer’s side at closing. Problem: There’s an issue with the Closing Disclosure.

Closing

HomeLight

DECEMBER 1, 2021

Closing costs generally run 1% to 1.5% of the loan amount, although no closing cost options exist (that is, they’ll be lumped in with your principal or you’ll pay a higher rate). Short sale: selling when you owe more than your home is worth. That is, unless your lender agrees to a short sale with a deficiency waiver.

Purchase and sale agreement

HomeLight

JUNE 19, 2023

Sell Your Florida House Fast With an All-Cash Offer Get an all-cash, no-obligation offer on your Florida home through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in as little as a week and close in as few as 10 days. New job opportunity: A speedy home sale can streamline a career transition.

Inspection

The Close

JANUARY 13, 2025

It also allows you to search bankruptcies, tax liens, as-is deals, and short sales nationwide. You can look for foreclosures, bank-owned properties, and short sales and use their calendar to attend in-person property auctions. The post How to Find Houses to Flip for Profit in 7 Ways appeared first on The Close.

House Flipping

The Close

DECEMBER 27, 2022

Preforeclosure and short sales are more common. This timeline may be longer if you’re in a judicial foreclosure state, where such sales are required to go through the court system. Remember what happened to Icarus: In his overconfidence, he flew too close to the sun, his wings melted, and he fell to his death.

Investor

HomeLight

OCTOBER 29, 2020

We’ll explore what buyers can do to help strengthen a contingent offer and secure a spot at the closing table. Plus, you’ll want to include a financing contingency in your purchase contract which states that the home loan has to clear before the deal can close. Sales contingency. Source: (JJ Badenhorst / Unsplash).

Purchase and sale agreement