Keeping Current Matters

JULY 28, 2021

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 2018: 279,040.

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Short sale Equity Principal Mortgages 264

Keeping Current Matters

JUNE 10, 2021

The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages.

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Bankruptcy Banks Short sale Industrial 236

Realty Biz

FEBRUARY 12, 2023

Christina relates how the aftermath of the mortgage crisis in the early 2000s, it’s become much easier and less intimidating to purchase foreclosed properties. Prior to this, “you needed access to special lists, or maybe know someone in the industry,” Christina says.

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Short sale Banks Staging Principal 115

RIS Media

APRIL 21, 2022

The total number of loans currently in forbearance decreased by 13 basis points in the past month from 1.18% of servicers’ portfolio volume to 1.05%, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. The survey covers the full month of March and represents 73% of the first-mortgage servicing market (36.4

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Loans Mortgages Staging Short sale 103

RIS Media

MARCH 23, 2022

of servicers’ portfolio volume in the prior month to 1.18%, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey, released last week. Independent Mortgage Banks (IMBs): 1.44% (previous month: 1.59%). resulted in repayment plans, short sales, deed-in-lieus or other reasons.

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Loans Mortgages Staging Short sale 89

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. Independent Mortgage Banks (IMBs): 1.59% (previous month: 1.66%).

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Loans Mortgages Staging Short sale 90

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.

Pre-approval 99

Pre-approval Short sale Banks Finance 99

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. Shop around for the best mortgage rates. Paying your mortgage and riding out the downturn is just as important as finding a low-priced home.

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Title search Short sale Title Fixed-rate mortgage 59

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

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Short sale Inspection Loans Banks 111

Marco Santarelli

JULY 23, 2022

People who recall the subprime mortgage crisis are concerned that the recent spike in home prices followed by a pause signals the bursting of another housing bubble. Due to the crash, there may also be short sales and foreclosures, offering you the opportunity to acquire a deal. But is the housing market truly in a bubble?

Mortgages 52

Mortgages Marketing Lending Equity 52

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. Mortgage interest rate : The price of borrowing money. Short sale : The sale of a home by an owner who owes more on the home than it’s worth.

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Pre-approval Pre-qualification Title search Inspection 60

RIS Media

MARCH 25, 2021

Fueled by low interest rates, loose mortgage-lending standards and the nation’s unshakeable faith in homeownership, home values rose at record rates year-after-year. When the housing bubble burst, roughly nine million families lost their homes to foreclosure or short sale between 2006 and 2014. Factor No. in December 2019.

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Marketing Equity Lending Short sale 131

HomeLight

JUNE 30, 2021

Between favorable mortgage interest rates and a low inventory of available homes for sale, buyers were submitting purchase offers of thousands of dollars over asking price , and sellers (and their agents!) Government-issued economic bailouts are designed to save an industry, or its major player(s), from total collapse.

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Equity Loans Lending Industrial 65

HomeLight

AUGUST 16, 2021

You’ll learn how to prospect for distressed properties, how to approach homeowners, how to work with banks, and much more that will position you as the local expert with solutions to help those in need. Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Links and Show Notes.

Marketing 75

Marketing Short sale Bankruptcy Banks 75

HomeLight

DECEMBER 2, 2021

If you’re “upside-down” in your mortgage (owing more than the property is worth), you have a few options. One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale?

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Short sale Sales Loans Banks 83

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 81

The Close

DECEMBER 19, 2022

Utilize your circle of referrals (movers, mortgage brokers, bankers, lawyers, and storage companies) to create a seamless transition for people moving in from out of town. Short sales help sellers avoid the disastrous impact a foreclosure can have on a credit score, while at the same time helping the bank avoid losing money on an investment.

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Agents Investor Property Management Development 105

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. Reduce the time it takes to close your sale.

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Sales Investor Renovation Due diligence 97

HomeLight

JANUARY 25, 2021

The loss of a job or demise in health of a family member can also lead to unexpected trouble paying your mortgage. 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.

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Purchase and sale agreement Investor Inspection Due diligence 106

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 111

Real Trends

JANUARY 25, 2023

After a record-setting year in 2021, when homes sold within hours of being listed, the market cooled drastically in 2022 as mortgage rates rose. 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.

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Homeowner’s association Finance Agents Short sale 75

Realty Biz

MAY 21, 2023

Miami-Dade’s out-of-state homebuyers with a mortgage earn nearly $100,000 in median household income. 5 in ultra-prime ($25M+) sales in the world, according to the 2023 Knight Frank Wealth Report. Mortgage Rates Up 3 Percentage Points Vs. Last Year; Impacting Sales Miami total home sales decreased 35.5%

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Sales Short sale Fixed-rate mortgage MLS 92

Easy Agent Pro

DECEMBER 29, 2020

homeowners will be on the hook for delinquent payments when mortgage forbearance ends,” according to Daryl Fairweather, chief economist of Redfin. It seemed as if every real estate agent on the planet, overnight, became a “foreclosure specialist” or a “short sale expert.”. It starts when mortgage payments go unpaid.

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FHA loan Agents Loans Sales 83

Marco Santarelli

JANUARY 25, 2023

Many people may find it difficult to make their mortgage payments during a recession, which can result in an increase in foreclosures and a decrease in property prices. A decrease in construction activity and the associated loss of construction and real estate industry jobs may result from this. Is The Property In Foreclosure?

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Commercial Construction Short sale Agents 52

Lighter Side of Real Estate

OCTOBER 31, 2022

At this point everyone knows not to fall for the email from a Nigerian prince promising to share his fortune with you if you just send him your banking information. They may offer to help you negotiate with your bank, or help you do a short sale. 5) Help for distressed homeowners.

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Closing costs Title Banks Short sale 145

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. You need quick access to cash.

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Investor Finance Inspection Sales 98

Realty Biz

MARCH 21, 2023

Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) systems.

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Sales MLS Short sale Residential 101

Realty Biz

DECEMBER 26, 2022

“This influx of people and companies moving into our region, coupled with the ratio of cash buyers which is nearly double the national average should continue to shield Miami from the impact of high mortgage rates as the Fed continues its mandate to tamper inflationary pressure.”. Single-family home sales decreased 38.5%

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Sales Short sale Mortgages Fixed-rate mortgage 92

Realty Biz

SEPTEMBER 23, 2021

Miami-Dade County real estate broke another record, posting its best August sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

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Sales Fixed-rate mortgage Short sale Equity 104

Realty Biz

JUNE 24, 2022

Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami’s existing condo sales decreased 7.9% Single-family home sales decreased 12.3%

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

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?

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House Flipping Renovation Investor Finance 89

HomeLight

APRIL 29, 2021

We spoke with three property investors from across the country and a top real estate agent with experience in the industry to arm you with ten tips to sell your multi-family home for all it’s worth. You don’t want to be responsible for a $12,000 or $13,000 mortgage every single month. Source: (Derick McKinney / Unsplash).

Investor 111

Investor Purchase and sale agreement Agents Property Management 111

Marco Santarelli

MAY 28, 2022

Trulia has 2,333 resale and new homes for sale in Virginia Beach, VA, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The median sales price for homes in Virginia Beach for Dec 28 to Mar 27 was $250,750 based on 1,262 home sales. March 2019 was $170.

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Marketing Purchase and sale agreement Investor Sales 98

Housing Wire

OCTOBER 17, 2023

Given this pre-foreclosure paradox, mortgage servicers and government policymakers are forced to walk a thin line: nudging distressed homeowners toward making a choice that’s in their best interest while also arming them with the knowledge and resources they need to be protected in the pre-foreclosure marketplace.

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MLS Short sale Equity Banks 419

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

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

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. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Assumable mortgage. Amortization.

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Purchase and sale agreement Title Proof of funds Pre-approval 98