RIS Media

FEBRUARY 25, 2022

The number of loans now in forbearance decreased by 11 basis points from 1.41% of servicers’ portfolio volume in the prior month to 1.30% as of January 31, 2022, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey released this week. The share of other loans (e.g., By stage, 26.8%

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Loans Mortgages Staging Short sale 98

Housing Wire

AUGUST 31, 2020

The system also offers loss mitigation, modifications, short sales and repayment tracking functionality. Extraordinary value: Mortgage Servicer is a full servicing system, from loan boarding to payoff and secondary marketing. They won’t lose valuable production time waiting for someone to return calls or answer emails.

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Mortgages Investor Short sale Loans 264

Realty Biz

FEBRUARY 12, 2023

Prior to this, “you needed access to special lists, or maybe know someone in the industry,” Christina says. Public records indicate when a bank has served notice that a property is in default, but before it goes to auction,” Christina says. “If These sales can be slow ,” says Christina, “and you are at the mercy of the bank.

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Short sale Banks Staging Principal 115

HomeLight

AUGUST 31, 2021

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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Pre-approval Short sale Banks Finance 98

RIS Media

SEPTEMBER 21, 2020

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. Loan estimate : A three-page document sent to an applicant, often three days after they apply for a home loan. The fee, usually 0.3 – 1.5

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Pre-approval Pre-qualification Title search Inspection 90

Realty Biz

NOVEMBER 18, 2021

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. Home loan refinances. Bank-owned property sale of a foreclosed property.

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Short sale Inspection Loans Banks 111

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan.

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Purchase and sale agreement Title Proof of funds Pre-approval 97

HomeLight

JUNE 30, 2021

Government-issued economic bailouts are designed to save an industry, or its major player(s), from total collapse. General Motors and Chrysler have been auto industry bailout recipients , and big names like Bank of America, Wells Fargo, and Goldman Sachs are just a few of those bailed out in the banking industry.

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Equity Loans Lending Industrial 64

RIS Media

MARCH 25, 2021

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. Even today, several real estate markets have not fully recovered. Factor No.

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Marketing Equity Lending Short sale 131

HomeLight

SEPTEMBER 1, 2022

To shed light on your options when the appraisal is lower than desired, we talked to a seasoned real estate agent and two certified appraisers with a combined 50 years of experience in the appraisal industry. Foreclosures or short sales in the neighborhood. Consider applying for a loan with mortgage insurance.

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Purchase and sale agreement Earnest money deposit Short sale Loans 80

Real Trends

JANUARY 25, 2023

In combination with the vacation rental industry , this niche includes standard single-family homes and multifamily apartments, as well as: Room rentals Full-service apartments Student housing 2. Agents might want to focus on wealthy buyers or investors in private property or commercial real estate with or without investment property loans.

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Homeowner’s association Finance Agents Short sale 75

The Close

MARCH 15, 2022

This practice will put further strain on the already short-handed new home industry and prevent more new homes from being built for individual homeowners. Short sales and foreclosures quickly became the norm. An REO agent represents banks and loan servicing companies to sell the homes that they foreclosed upon.

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Agents Investor Banks Land 96

Realty Biz

SEPTEMBER 23, 2021

With interest rates still at record lows, many South Florida homeowners have refinanced their home loans. Home equity can be tapped for renovations, college loans and more. While other industries struggled over the past year, housing lifted the economy nationally and locally. Total Miami distressed sales decreased 41.6%

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Sales Fixed-rate mortgage Short sale Equity 104

Easy Agent Pro

DECEMBER 29, 2020

In February, pre-CARES Act, 10,438 FHA loans were in foreclosure. It seemed as if every real estate agent on the planet, overnight, became a “foreclosure specialist” or a “short sale expert.”. The notice is recorded at the county recorder’s office and off goes the loan to the foreclosure department.

FHA loan 83

FHA loan Agents Loans Sales 83

Marco Santarelli

JULY 23, 2022

Due to the crash, there may also be short sales and foreclosures, offering you the opportunity to acquire a deal. Mortgage approval rates today are lower than they were in the pre-crisis era, which suggests that borrowers are less likely to default on their loans. Many homebuyers may feel that obtaining a mortgage is too risky.

Mortgages 52

Mortgages Marketing Lending Equity 52

Kyle Handy

JANUARY 20, 2023

But there are a lot of industries that may be helpful if you’re looking to flip a house. Estate sales professionals, estate auctions, senior living communities — often, these individuals know about properties before they hit the market. Even people with credit card debts looking up personal loans could be in this category.

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House Flipping Bankruptcy Investor Renovation 89

HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Header Image Source: (Clay Banks / Unsplash).

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Sales Investor Renovation Due diligence 95

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. Find a Buyer's Agent What is house flipping? Wise agrees.

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House Flipping Renovation Investor Finance 88

HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

JANUARY 25, 2021

McCorkel follows the flipping industry standard known as the 70% rule, which stipulates that an investor will offer no more than 70% of a property’s after-repair value , or ARV, for a house they plan to flip. Source: (Cristina Gottardi / Unsplash). Are you aware of the flipper pricing model?

Purchase and sale agreement 105

Purchase and sale agreement Investor Inspection Due diligence 105

Marco Santarelli

DECEMBER 20, 2020

How To Find Investment Properties For Sale By Talking to Bankers. An often overlooked way to find investment properties for sale is to talk to bankers. Let banks and credit unions know that you’re interested in buying foreclosed on investment properties. Always have a real estate attorney involved in this process.

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Sales MLS Renovation Investor 80

HomeLight

JANUARY 4, 2022

Going with a cash offer primarily because it’s easy and low-hassle isn’t unheard of anymore, and in some markets, certain types of cash buyers are getting closer to offering market value than normal , industry data from zavvie shows. A 2022 market survey conducted by HomeLight echoes that cash is here to stay. They need an out immediately.”.

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Investor Finance Inspection Sales 98

HomeLight

APRIL 29, 2021

The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. Strong local economy : Prosperity from an uptick in jobs and industry growth in a local economy can lead to a surge in buyer demand. Your bank account will thank you!

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Marketing Sales Agents Construction 109

Marco Santarelli

AUGUST 27, 2020

With the reopening of its economy, the Las Vegas real estate industry is looking forward to how the business can be conducted in the wake of the new normal. It isn’t just about casinos, medicine is a growing industry as well. Las Vegas Realtors reported that short sales and foreclosures combined accounted for 2.7%

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Marketing Purchase and sale agreement Investor Sales 128

Marco Santarelli

SEPTEMBER 21, 2021

Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in September. Detroit, MI Foreclosures And Bank Owned Homes. It is the largest commitment made to any one city by the nation's biggest bank. The median list price per square foot in Detroit is $43. 46,000 (0%

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Marketing Investor Residential Sales 111

Marco Santarelli

SEPTEMBER 7, 2020

After three months of year-over-year declines, sales in July have bounced back. The report for August is not available yet but sales are expected to do much better than July due to pent up demand. ORRA reported that sales of distressed homes (foreclosures and short sales) reached 79 in July and are 27.5%

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Marketing Investor Sales As-is 126

HomeLight

FEBRUARY 13, 2023

This is the show where you learn what’s working right now from the best real estate agents and industry experts in the country. And by the time I moved back to LA, we were really in the throes of foreclosures and short sales, so it was a different time completely. Welcome to The Walkthrough. This is a weekly show.

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Marketing Agents Staging Branding 95

Marco Santarelli

SEPTEMBER 5, 2020

At the same time, the industry is adapting to the current environment by conducting business using technologies such as virtual showings and e-signing to help buyers and sellers with their housing needs in the face of these challenges. Distressed sales accounted for 0.6% of total sales, no change from the previous month.

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Marketing Purchase and sale agreement Investor Sales 135

Marco Santarelli

JULY 27, 2020

At the same time, the industry is adapting to the current environment by conducting business using technologies such as virtual showings and e-signing to help buyers and sellers with their housing needs in the face of these challenges. Data by Sacrealtor.org shows that the number of REO sales (single-family homes) in June dropped by 21.4%

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Marketing Investor Land Sales 124