Remove Banks Remove Equity Remove Short sale Remove VA loan
article thumbnail

On the House: Comparing Different Money-Saving Mortgages That Come With Some Big Catches

Realtor.com

Those still scarred from the Great Recession will remember watching in horror as millions of homeowners lost their properties to foreclosures and short sales after their mortgage payments suddenly spiked. The mortgage rates on these loans are generally high, making it harder for many borrowers to qualify for these loans.

article thumbnail

On the House: Comparing Different Money-Saving Mortgages That Come With Some Big Catches

Realtor.com

Those still scarred from the Great Recession will remember watching in horror as millions of homeowners lost their properties to foreclosures and short sales after their mortgage payments suddenly spiked. The mortgage rates on these loans are generally high, making it harder for many borrowers to qualify for these loans.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

13 Short Sale Tips So You Get a Dream Deal, Not a Nightmare Scenario

HomeLight

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

article thumbnail

What Is Buying a Foreclosure Really Like? 5 Homeowners Spill the Tea

HomeLight

She was drawn to foreclosures because, “For me, having a house that has equity has always been important. Many homebuyers like buying and knowing that they have immediate equity, above and beyond the down payment, in the house. What’s it really like to negotiate with a bank? Moving on after divorce.

article thumbnail

Selling a House ‘As Is’ in Wisconsin

HomeLight

But if it’s 80 to 95 percent of what it should be, it could be a great house to put some sweat equity into.”. Our HVE combs public data including tax records and assessments and pulls recent sales records for other properties in your neighborhood. You can start with a free estimate from HomeLight’s Home Value Estimator (HVE).

As-is 107
article thumbnail

Selling a House ‘As Is’ in Washington State

HomeLight

The seller “was skipping all the way to the bank,” Graham says. Squatters have moved in, and the bank is threatening foreclosure. “I I told her, the market’s been so strong for so long; there’s still equity in that home,” Graham says. “If He listed the home for $175,000. Unfinished flip. Advises on easy fixes.

As-is 70
article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. It’s an official form certifying that a veteran has met the terms that qualify someone for a VA loan. This is the amount of a property that a person (not the bank) actually owns.