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Portrait of a pre-foreclosure peacemaker

Housing Wire

Helping the homeowner file for bankruptcy is another tool in the pre-foreclosure peacemaker’s tool kit, but Sandoval uses that tool with caution. “I An Auction.com analysis of bankruptcy data from the American Bankruptcy Institute shows a steadily rising level of Chapter 13 filings, which reached a new post-pandemic high in June 2024.

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How two sisters closed $40 million in 2024 “vibe flipping” LA homes

Housing Wire

They find aesthetically challenged homes in coveted LA neighborhoods, crunch the numbers, hire interior designers to renovate them so they look good on Instagram and then list and sell them for a tidy profit. To succeed in renovating luxury homes, you need to understand what buyers want. Sounds too good to be true, right?

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How midsize lenders are surviving the mortgage squeeze

Housing Wire

Kind Lending , a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11 bankruptcy in 2019. In addition to non-QM and home equity loans, renovation loans are playing a growing role.

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How to Shut Down Housing Market Fear in 3 Simple Responses

BAM Media

1: Foreclosures & Bankruptcies Still Below Pre-Pandemic Levels Consumers still worry that were heading for a repeat of the Great Recession of 2008. Number one, foreclosures and bankruptcies were rising in 2005, -6, -7, and -8. If theyre relying on randoms spreading sensational news with zero accountability, they will be misled.

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Buying a House as an Unmarried Couple: 8 Steps to Plan and Protect Your Investment

Redfin

How can we protect ourselves if one partner pays more for renovations? What happens to the home if one partner files for bankruptcy? A cohabitation agreement will outline these details so neither partner is left with unexpected costs or disputes. Without documentation, contributions for upgrades are usually treated as joint property.

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Distressed Property: What It Is And How To Invest

AAOA

Sometimes, life throws the owner curveballslike divorce, bankruptcy, or forced liquidationwhich can also lead a property down this path. Renovating distressed properties doesnt just restore their functionality. Probate Courts: Properties tied up in probate are often sold to settle estates after death, divorce, or bankruptcy.

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Las Vegas Legend Wayne Newton’s Former Ranch Now Available for $30M

Realtor.com

Facing bankruptcy, Newton sold the property to a development company in 2010, for $19.5 But complications arose between the Newtons and the property owners, who eventually sunk millions into renovating the place. . After three years, the museum closed to the public and was placed into Chapter 11 bankruptcy proceedings.