Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. HW: What are the risk management challenges for REO assets?

Due diligence 332

Due diligence Marketing Mortgages New Construction 332

HomeLight

AUGUST 31, 2021

We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties. A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. Short sale.

Pre-approval 92

Pre-approval Short sale Banks Finance 92

Broke Agent Media

JANUARY 16, 2023

Bank repossessions are down 70% from 2019 and down 96% from 2010. And far fewer foreclosures are ending in bank repossessions, which are down 70% compared to 2019 and down 96% from 2010 levels. ATTOM’s report shows foreclosure filings—including default notices, scheduled auctions, and bank repossessions—on 324,237 U.S.

Banks 98

Banks Equity Real-estate owned Sales 98

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. It’s also important to note that luxury home sales are just as uncertain as any other type of home.

Homeowner’s association 75

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. Source: Redfin).

Agents 97

Agents Investor Banks Land 97

Easy Agent Pro

DECEMBER 29, 2020

It seemed as if every real estate agent on the planet, overnight, became a “foreclosure specialist” or a “short sale expert.”. Horror stories filled the news about homeowners who hired an agent who didn’t know the first thing about distressed property sales. Trustee’s Sale: The home will be put up for sale at auction.

FHA loan 83

FHA loan Agents Loans Sales 83

The Close

DECEMBER 29, 2022

These real estate definitions will help you ensure you’re communicating with clients effectively. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Comparable sales (comps). ” A. Balloon mortgage. Related Article.

Purchase and sale agreement 98

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