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Why a Wave of Foreclosures Is Not on the Way

Keeping Current Matters

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the fear was the pandemic would impact the housing industry in a similar way. Most of the mortgages in forbearance have enough equity to sell their homes.

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Active Pending Short Sales: What Are They, And Can You Still Make an Offer?

HomeLight

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale? Short sales defined . Wait, what?

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4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

Keeping Current Matters

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the overwhelming fear was the pandemic would decimate the housing industry in a similar way. After the last housing crash, about 9.3

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. A home goes through several steps before the bank physically takes over the house and sells the property. Let’s take a look at the most common foreclosure sales and how they work. Short sale.

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Is a Housing Market Crash Possible in 2021?

RIS Media

When the housing bubble burst, roughly nine million families lost their homes to foreclosure or short sale between 2006 and 2014. Loose mortgage lending practices ultimately brought down some of the nation’s largest banks and mortgage companies. 3: Most Homeowner’s Cushion—Equity. Factor No. in December 2019.

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Share of Mortgage Loans in Forbearance Decreases to 1.18% in February

RIS Media

The decrease of forbearance shows the inverse effect of improving rates for both total borrowers and borrowers in workouts, which rose for the first time since June 2021, according to Marina Walsh, CMB, MBA’s vice president of industry analysis. Independent Mortgage Banks (IMBs): 1.44% (previous month: 1.59%). By stage, 30.1%

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15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. percent of the yearly loan amount, can be canceled in certain circumstances when the borrower reaches 20 percent equity.