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Mortgage delinquency rate falls to historic low

Housing Wire

million properties were in early-stage delinquencies, defined as borrowers who missed a single mortgage payment, which is a slight increase of 0.2% With fewer new borrowers becoming delinquent, both overall and early-stage delinquency rates continue to trend downward.”. A total of 1.46 from April due to typical seasonal patterns.

Mortgages 525
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Why HELOCs are growing more popular

Housing Wire

HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases. Additionally, 65% of the total respondents are currently planning or have plans to renovate their homes within the next two years.

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MISMO to launch working group to create eHELOC standards

Housing Wire

While HELOCs continue to set the stage as flexible products that provide quick access to financing for a multitude of uses, including home renovations, debt consolidations or emergency purchases, severe contraction across the lending industry in the fourth quarter of 2022 affected HELOCs in terms of origination volume.

Equity 271
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How to Stage a House: A Room by Room Guide

Redfin

That’s where staging comes in. Home staging is a proven way to get more buyers interested and help you meet or exceed your asking price. So what exactly is home staging, what’s the return on investment, and how effective can it be? How staging a house affects sale price . How staging a house affects sale price .

Staging 80
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Need to sell your house fast? Here are 7 great options

Housing Wire

If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. You can’t make a short sale without getting bank approval first. This means you don’t have to do any renovations or even very much negotiating.

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13 Steps to Buying a Bank-Owned Foreclosure

HomeLight

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?

Banks 78
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How To Sell An Ugly House Fast in San Diego

CT Homes

Prepare Your House for Sale You don’t need to break the bank on renovations, but a little effort can go a long way. If possible, stage your home to showcase its potential. For a more budget-friendly option, consider virtual staging or providing architectural drawings of potential renovations.