Housing Wire

JUNE 8, 2022

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

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Short sale MLS Banks Loans 370

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale.

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Short sale As-is Purchase and sale agreement Sales 93

CT Homes

FEBRUARY 3, 2022

As difficult as it may be to believe, the mortgage collapse was over ten years ago. A defining term that emerged shortly after the collapse was the “short sale”. In the years following, short sales were the driving force behind a majority of all total real estate transactions. What is a Short Sale?

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HomeLight

OCTOBER 5, 2020

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Sometimes life happens, and a current homeowner can’t afford to keep paying their mortgage … and the remaining payoff amount is more than the home is currently worth. What’s a short sale?

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HomeLight

OCTOBER 11, 2021

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale? Short sales defined . Wait, what?

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Short sale Sales Banks Backup offer 71

Keeping Current Matters

NOVEMBER 4, 2021

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. In reality, only 8.5%

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Short sale Equity Sales Banks 254

Housing Wire

MAY 20, 2022

Roofstock Marketplace , for example, offers services to help sellers who need to sell their homes fast, including key market insights to help with pricing. It may be a seller’s market for a while, but then switch to a buyer’s market, or the market could come to a halt altogether. Consider a Short Sale.

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Short sale Investor Banks Agents 407

Housing Wire

APRIL 25, 2023

This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event. As broader economic events have taken center stage since last summer, the market has grown increasingly volatile. To register, go here. In March 2023, it was just 2.2

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Short sale Staging Mortgages Banks 383

Keeping Current Matters

JULY 28, 2021

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. 2018: 279,040.

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Short sale Equity Principal Mortgages 264

Housing Wire

JUNE 22, 2021

Servicers’ forbearance portfolio volume fell 11 basis points last week to 3.93%, according to a survey from the Mortgage Bankers Association. “The improving job market and strong housing market are providing support for those who do exit.”. The forbearance rate is officially below 4% for the first time in a year.

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Short sale Loans Equity Mortgages 395

Housing Wire

MAY 9, 2022

housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. housing market is more tied to mortgage buyers. When mortgage rates rise, two things always happen here in America.

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Short sale Mortgages Equity Sales 529

Housing Wire

AUGUST 31, 2020

Most mortgage lenders are looking for ways to automate their mortgage servicing operations in order to cut costs, maintain profitability and effectively manage their compliance and reporting to various agencies (e.g., The system also offers loss mitigation, modifications, short sales and repayment tracking functionality.

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Mortgages Investor Short sale Loans 283

CT Homes

MARCH 7, 2024

If you’re a homeowner pondering the possibility of selling your house, you might find yourself wrestling with a common question: Can you sell a home with a mortgage ? It’s a widespread belief that a mortgage chains you to your property until every last penny is paid off.

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Purchase and sale agreement Mortgages Equity Short sale 78

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. Currently, the housing market is in a recession: sales, production, jobs and incomes are all falling in the housing sector.

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Bankruptcy Lending Equity Mortgages 515

Lighter Side of Real Estate

APRIL 6, 2022

You’re probably well aware that mortgage rates are rising. Which means you’ve probably been reading or hearing about adjustable rate mortgages making a comeback. The 30-year fixed rate mortgage has been so historically low, they haven’t been all that necessary to consider. But , it can also be a smart choice.

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Mortgages Fixed-rate mortgage Banks Lending 139

Realty Biz

FEBRUARY 12, 2023

We talked to licensed real estate broker Christina Prostano , founder and principal agent of CP Global, who has been working the Manhattan and Brooklyn real estate markets in New York City since 2005. Public records indicate when a bank has served notice that a property is in default, but before it goes to auction,” Christina says. “If

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Short sale Banks Staging Principal 115

Keeping Current Matters

JUNE 10, 2021

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. In a post from RealtyTrac , they explain: “We changed the rules. What was different this time? Bottom Line.

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Bankruptcy Banks Short sale Industrial 235

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

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Banks Inspection contingency Inspection FHA loan 75

Realty Biz

JANUARY 1, 2021

A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. Short Sales . A short sale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. Jordan Matin, Portland Homes for Sale.

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Short sale Pre-approval Banks Loans 116

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 109

RIS Media

MARCH 25, 2021

With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash? The unforeseen housing market crash 15 years ago ignited a worldwide recession.

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Marketing Equity Lending Short sale 130

Keeping Current Matters

OCTOBER 21, 2020

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. The real estate market has a shortage of listings for sale.

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Equity Banks Closing costs Loans 204

HomeLight

AUGUST 31, 2020

Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. The reality is, there are a variety of substantial pros and cons that any would-be buyer should weigh seriously before purchasing a bank-owned property.

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Realty Biz

MAY 8, 2023

In many American cities, the housing market is very hot. Thanks to low mortgage rates and the shift to working from home, cities like Las Vegas, Nashville, Phoenix, and Austin often have more demand for housing markets than stocks. Non-market decision The Multiple Listing Service (MLS) does not list all properties for sale.

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Marketing MLS Inspection Investor 98

Marco Santarelli

JULY 23, 2022

In the summer of 2022, there is a lot of speculation in the media that the slowing housing market is an indication that the market is headed for a housing crash. 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.

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Mortgages Marketing Lending Equity 52

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9

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Bankruptcy Days on market Sales Short sale 383

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. What is a foreclosed home?

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Pre-approval Short sale Banks Finance 95

Realty Biz

MARCH 2, 2023

However, this doesn't mean there are no good deals in the real estate market. The best way to start is to understand the market and create a plan. Read on to discover how to find cheap houses for sale. Check MLS Websites MLS platforms have some of the best bargains in the housing market.

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Sales MLS Short sale Banks 120

Realty Biz

JULY 19, 2022

Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. If the house doesn’t sell on the court steps, the lender (bank) takes possession. The REO sales process is much the same as any traditional sales process.

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Purchase and sale agreement Short sale Loans Inspection 101

HomeLight

OCTOBER 30, 2020

you’ve likely missed several months of mortgage payments or may be already incurring the lender’s attorney fees for your continued delinquency. Whatever stage you’re in, it’s natural to feel paralyzed with disappointment, sadness, and a sense of panic when those overdue notices and warnings come from your mortgage company.

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Short sale Banks Equity Mortgages 104

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. was 6.25%.

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Title search Short sale Title Fixed-rate mortgage 59

Realty Biz

AUGUST 6, 2021

Let’s not lose sight of the fact that it was a housing market crash 13 years ago that set off a worldwide recession. Not that we are on the verge of another Great Recession, but we must be aware of the ongoing signals of distress in the real estate market if another meltdown is to be avoided. What We Learned From the Great Recession.

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Short sale Loans Equity Mortgages 103

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.

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Marketing Short sale Bankruptcy Banks 75

HomeLight

SEPTEMBER 30, 2021

You’d like to sell your current home, but the mortgage isn’t paid off yet. Consider that most mortgages come with 15 or 30 year terms, while 52% of recent sellers sold before owning their home for 10 years, according to data from the National Association of Realtors. Can you sell a house you still owe money on? Check your home value.

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Mortgages Debt-to-income ratio Equity Closing costs 99

Realty Biz

SEPTEMBER 23, 2023

They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. Understanding the mortgage process, including prequalification and pre-approval, is also essential.

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Purchase and sale agreement Pre-approval Agents Pre-qualification 73

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale?

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Banks Pre-qualification Investor Short sale 104

Realty Biz

NOVEMBER 18, 2021

A BPO is also similar to a comparative market analysis (CMA) that real estate agents use to suggest a listing price to a seller. It boils down to a BPO being another tool that can be used to determine the current fair market value of a property. Bank-owned property sale of a foreclosed property. The Foundation of a BPO.

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Short sale Inspection Loans Banks 111