Remove Bankruptcy Remove Equity Remove Mortgages Remove Short sale
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What happens after the Fed’s rate hike?

Housing Wire

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.

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Will we start 2022 with all-time lows in housing inventory?

Housing Wire

Not even 5% mortgage rates in 2018 budged this data line too much. Higher mortgage rates haven’t materialized as expected. Back in the summer of 2020, I believed that if mortgage rates could get over 3.75% , the days on the market would grow , which I think even to this day would be the most welcome healthy event for housing.

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What Is an Alt-A Mortgage?

RIS Media

Lenders offer mortgages for borrowers with a wide range of financial circumstances. Between prime (highest-quality) and subprime (lowest-quality) home loans are a category called “Alt-A mortgages.” . The federal government sets guidelines for Qualified Mortgages that focus on a borrower’s ability to repay the loan.

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Working Distressed Properties: How to Navigate and Win in This Evolving Market

HomeLight

Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Today, she has sold more than 4,000 homes total and around 2,500 of those have been foreclosures or short sales. We also have millions of homeowners that are delinquent on their mortgage. Links and Show Notes.

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How Long Does a Short Sale Stay On Your Credit Report? Myth vs. Reality

HomeLight

If you’re “upside-down” in your mortgage (owing more than the property is worth), you have a few options. 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?

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Crossing the Divide

The Residential Specialist

Thompson compares the toughness of divorce listings to short sales. In some cases, legal complications such as restraining orders and bankruptcies can affect progress. Maybe the mortgage hasn’t been paid. You need to know if they have the equity and the legal authority to complete the sale.”. says Stevens.

Agents 98
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Selling Your House at a Loss: Consider These Options When Your Home Turns into a Financial Burden

HomeLight

Whatever the circumstance, you should act early if you’re suddenly struggling to make your monthly mortgage payment. We also connected with HomeLight Home Loans Mortgage Sales Leader Richie Helali, who offered an insider’s look at mortgage options that could help you hold on to your home — or let it go without falling into foreclosure.