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. Here are the results of that regulation, captured in a graph depicting the number of failed banks since 2007.

Bankruptcy 237

Bankruptcy Banks Short sale Industrial 237

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.

Short sale 115

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. Different types of foreclosure sales. Short sale. Source: (Adam Wilson / Unsplash).

Pre-approval 97

Pre-approval Short sale Banks Finance 97

Housing Wire

AUGUST 31, 2020

The system also offers loss mitigation, modifications, short sales and repayment tracking functionality. Mortgage Servicer supports agency investor reporting, including Fannie Mae, Freddie Mac, Ginnie Mae and Federal Home Loan Bank, as well as other industry standard and private reporting methods.

Mortgages 246

Mortgages Investor Short sale Loans 246

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.

Sales 95

Sales Investor Renovation Due diligence 95

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. For example, the average sale price of a home from January to March 2007 was $322,100. The housing industry plays an important role in the economy. Shop around for the best mortgage rates.

Title search 59

Title search Short sale Title Fixed-rate mortgage 59

Realty Biz

NOVEMBER 18, 2021

Most BPOs also provide information about 3 comparable property sales and 3 comparable listings. One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale. Bank-owned property sale of a foreclosed property. A homeowner going the route of ‘For Sale By Owner.’

Short sale 111

Short sale Inspection Loans Banks 111

RIS Media

APRIL 21, 2022

Independent Mortgage Banks (IMBs): 1.29% (previous month: 1.44%). resulted in repayment plans, short sales, deed-in-lieu or other reasons. The share of other loans (e.g., portfolio and PLS loans) in forbearance decreased relative to the prior month: from 2.72% to 2.44%. Depositories: 0.86% (previous month: 0.97%).

Loans 108

Loans Mortgages Staging Short sale 108

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. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction.

Pre-approval 74

Pre-approval Pre-qualification Title search Inspection 74

RIS Media

MARCH 23, 2022

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%

Loans 98

Loans Mortgages Staging Short sale 98

RIS Media

FEBRUARY 25, 2022

Independent Mortgage Banks (IMBs): 1.59% (previous month: 1.66%). resulted in repayment plans, short sales, deed-in-lieus or other reasons. The share of other loans (e.g., portfolio and PLS loans) in forbearance decreased relative to the prior month: from 3.43% to 3.02%. Depositories: 1.06% (previous month: 1.24%).

Loans 98

Loans Mortgages Staging Short sale 98

The Close

DECEMBER 27, 2022

Real estate sales by unit. Preforeclosure and bank-owned properties, or REO. Distressed sales will create a downward force on sales prices, especially for sellers who are forced to move. Builders experience an increase in failed sales due to move-up purchasers not being able to sell their existing homes.

Investor 95

Investor Staging Marketing Banks 95

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

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? Once you gain the lender’s approval, you can list your home for sale. Source: (Vidar Nordli-Mathisen / Unsplash).

Short sale 81

Short sale Sales Loans Banks 81

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. Mark Mathis is vice president of Sales for Homes.com. Factor No.

Marketing 129

Marketing Equity Lending Short sale 129

HomeLight

SEPTEMBER 1, 2022

The so-called appraisal gap began rising in frequency around July 2020, and by June 2021, there was a gap between sales price and appraised value in one-fifth of all home sales requiring financing. These are called comparable sales , or comps, because they should be similar to your home in terms of size, age, location, and condition.

Purchase and sale agreement 79

Purchase and sale agreement Earnest money deposit Short sale Loans 79

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!) Less properties, less sales. In this case, we’re referring to the diversity of industry. were fielding multiple offers.

Equity 64

Equity Loans Lending Industrial 64

The Close

DECEMBER 19, 2022

Maybe the market is sluggish or sales are plateauing. Ben Caballero , the most successful real estate agent in the world in terms of closed sales for the last decade, works exclusively with developers on new construction projects. Are short-term rentals popular in your town? Is there distress in your housing market?

Agents 105

Agents Investor Property Management Development 105

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. Join groups with other professionals and business owners. ” they discovered you?

House Flipping 89

House Flipping Bankruptcy Investor Renovation 89

Notorious ROB

JANUARY 30, 2023

A friend asked me to write something up short and to the point, to explain what this ruling does and does not mean for the industry as my last law-nerd post was “heady” which I knew it to be. It’s like a short sale pending bank approval. ” I beg to differ. NAR, Moehrl v. NAR, Rex v.

Short sale 75

Short sale As-is Industrial Closing 75

HomeLight

JANUARY 25, 2021

A traditional sale might be what you had in mind when you originally bought your home. The structure “had to be taken down to the studs,” Griffin says, not the ideal condition for a conventional sale. Is the property damaged or are you facing a personal emergency? But life happens, plans change, and emergencies arise.

Purchase and sale agreement 104

Purchase and sale agreement Investor Inspection Due diligence 104

HomeLight

APRIL 29, 2021

An ample supply (lots of homes for sale) and limited demand (fewer buyers) leads to a buyer’s market. Conversely, lack of supply (fewer homes for sale) and abundant demand (lots of buyers) results in a seller’s market. It can affect: How you prepare your home for sale. Too few resale homes for sale. Home prices rise.

Marketing 109

Marketing Sales Agents Construction 109

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. This is true for any industry, including real estate or the housing market. In 2010, it was 699, two years after the collapse of the banking industry. The shaded areas represent U.S. recessions.

Mortgages 52

Mortgages Marketing Lending Equity 52

Realty Biz

MAY 21, 2023

Miami-Dade County $1 million+ luxury home sales continued outperforming pre-pandemic levels as total median sale prices rose once again as the market leads the nation in real estate appreciation, according to April 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 92

Sales Short sale Fixed-rate mortgage MLS 92

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.

Sales 101

Sales MLS Short sale Residential 101

Marco Santarelli

DECEMBER 20, 2020

Most newbie investors are perplexed with the question of how to find investment properties for sale? What is an investment property for sale? Let’s learn how to find investment properties for sale. How To Find Investment Properties For Sale: Search For Off-Market Deals. You make the money when you buy it.

Sales 80

Sales MLS Renovation Investor 80

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. Miami-Dade County total home sales surged 30.6% year-over-year in August 2021, from 2,527 sales to 3,299. Miami-Dade County total home sales surged 30.6% 1 overall sales month in Miami history.

Sales 104

Sales Fixed-rate mortgage Short sale Equity 104

Realty Biz

DECEMBER 26, 2022

Miami-Dade County real estate has already posted the 4th best total home sales year ever and with another calendar month to go, it is poised to end 2022 as its second-biggest sales year ever, according to November 2022 statistics from the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 92

Sales Short sale Mortgages Fixed-rate mortgage 92

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

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

JANUARY 4, 2022

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

Investor 98

Investor Finance Inspection Sales 98

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 84

FHA loan Agents Loans Sales 84

Marco Santarelli

JANUARY 25, 2023

A decrease in construction activity and the associated loss of construction and real estate industry jobs may result from this. Foreclosures, short sales, and other distressed properties can be found at a significant discount during a recession. Here are some strategies for investing in real estate during a recession.

Commercial 52

Commercial Construction Short sale Agents 52

Housing Wire

FEBRUARY 19, 2021

Existing home sales rose for the second consecutive month , as January saw a seasonally-adjusted annual rate of 6.69 Sales easily could have been even 20% higher if there had been more inventory and more choices,” Yun said. Yun predicts existing-home sales will reach at least 6.5 million purchases – up a robust 23.7%

Sales 543

Sales Short sale Mortgages Industrial 543

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. This Place Aint For Sale Not For Sale GIF from This Place Aint For Sale GIFs. 4) Estimating the value of your home online.

Closing costs 145

Closing costs Title Banks Short sale 145

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. In some circumstances, evicting a tenant may be necessary to secure a sale. With this data ready to go, you can fast-track your sale.

Investor 109

Investor Purchase and sale agreement Agents Property Management 109

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. Reports from the National Association of Realtors show that nearly a quarter of existing home sales were made with all-cash in the spring of 2021 — but how do you go about finding your cash buyer?

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98