Remove Banks Remove Closing Remove Residential Remove Short sale
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Xactus targets lenders through active listing data

Housing Wire

Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood. Solutions like active listing scan will help customers “close more loans more quickly,” he added. .

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Advice on Short-Sale Transactions

The Residential Specialist

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

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Why Today’s Options Will Save Homeowners from Foreclosure

Keeping Current Matters

Many decided they would just stop making their payments and walk away from the house, which then resulted in the bank foreclosing on the property. A decade ago, there wasn’t a forbearance option, and most banks did not put in other programs, like modifications and short sales, until very late in the crisis.

Equity 206
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How and When to Buy Foreclosure Property

Realty Biz

Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. If the house doesn’t sell on the court steps, the lender (bank) takes possession. The REO sales process is much the same as any traditional sales process.

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What is a BPO and When to Use Them?

Realty Biz

One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale. BPOs are also ordered by banks, mortgage loan companies, and asset management companies for several other reasons: Home purchases. Bank-owned property sale of a foreclosed property. Home loan refinances.

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Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. Negotiation and Closing Support Buyer agents are skilled negotiators who advocate on your behalf. What is your strategy for negotiation and closing?

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How to Find Short Sale Homes: A Guide for Buyers

HomeLight

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales.