HomeLight

OCTOBER 11, 2024

Finding cheap houses: Homes currently for sale When looking for a bargain in the current market, it’s important to know what kinds of properties are typically priced lower. This requires looking at MLS listings more closely and checking a few government records.

MLS

Redfin

JULY 23, 2025

Pay off the mortgage balance and any closing fees. If you’re underwater on your mortgage (you owe more than your home is worth), you might consider a short sale. A short sale allows you to sell the home for less than you owe, with lender approval. Short sale requirements: You must prove financial hardship.

Pre-approval

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Preforeclosure can be tricky as sometimes the properties may never be for sale. Short sales A short sale is not the same as a foreclosure or a pre-foreclosure.

Pre-approval

Redfin

JULY 31, 2025

The key is knowing how to navigate the process so you walk away with money in hand – without being blindsided by fees, delays, or worst-case scenarios where you owe money just to close. Ask for a mortgage payoff statement, which tells you exactly how much you’ll owe on closing day. Underpricing it could mean owing money at closing.

Mortgages

Calculated Risk Real Estate

JUNE 12, 2025

Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). 1 (sometimes called the Flow of Funds report) released today.

Closing

Redfin

JANUARY 28, 2025

Lower closing costs With an FHA loan assumption, the buyer might also benefit from reduced closing costs. In addition to the downpayment, these may include a loan assumption fee, as well as other closing costs like title fees, credit report costs, or attorney fees. Are there fees associated with assuming an FHA loan?

FHA loan

AAOA

JUNE 23, 2025

You might also consider looking for inventory through non-traditional avenues, such as auctions, short sales, and wholesalers. Review each offer carefully with your team and consider factors other than price, such as concessions, contingencies, and closing timeline before choosing the winning bidder.

Investor

The Mortgage Report

JULY 11, 2025

I think in some cities, like Phoenix, we are starting to see a little bit of foreclosure or short sale happening. And, with sellers facing more competition, don’t hesitate to ask for extras—whether it’s help with closing costs, appliance packages, or repairs before move-in.

FHA 203k rehab loan

Redfin

JULY 21, 2025

Real estate auctions are another way to find fixer-upper homes for sale. You can also look at foreclosures and short-sale properties as they’re often sold below market value. Look for a fixer-upper in an established neighborhood that’s close to amenities, like stores, entertainment, and restaurants.

Renovation

Redfin

MARCH 4, 2025

Ideally, you would have enough equity to cover commissions, any liens, and closing costs. Foreclosure can damage your credit score, so you may want to consider a short sale if this is the case. However, your lender will need to agree to a short sale so its best to speak with them as soon as you can.

Equity

Marco Santarelli

APRIL 27, 2025

As someone who watches the real estate market closely and has seen different cycles, I can tell you that paying cash always gives you an edge. Speed of Light Closings: Forget waiting 30, 45, or even 60 days for mortgage approval, appraisal, and all the hoops. impervious to interest rate hikes, fast closing time. The cash offer?

Finance

Redfin

JUNE 30, 2025

You should keep paperwork related to the sale of your house for several years after the sale — often at least seven — especially if the sale involved a large gain, home improvements, or any unusual circumstances. Short sale or foreclosure Scenario: You complete a short sale or go through foreclosure.

Purchase and sale agreement

Housing Wire

FEBRUARY 5, 2025

Smart homes Smart home features include motion-activated smart lighting , digital thermostats to turn on and off, app-controlled appliances and air conditioners, automated window treatments to close during the sunniest part of the day, voice-controlled devices, and so much more.

Commercial

AAOA

MAY 5, 2025

Short Sales: Short sales happen when a property is sold for less than the outstanding mortgage balance, typically with the lenders permission. Cash offers often stand out because they make the process quicker and easier for sellers who are eager to close the deal. Your county tax office is a good place to start.

Bankruptcy

HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ? Well, it depends.

Short sale

Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. More than 1.7

Sales

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

Short sale

Housing Wire

NOVEMBER 15, 2022

Originators who actively work within the non-QM space are closing additional loans every month. Loans up to $3 million 12 or 24 months personal or business bank statements allowed 1099 earning statements accepted Two years seasoning required for bankruptcy, foreclosure, short sale or deed-in-lieu. and growing. Loans up to $1.5

Bankruptcy

Housing Wire

NOVEMBER 3, 2023

Through this offering, consumers may also be eligible to receive a rebate* at closing. titlegenius by Radian, provided by Radian Settlement Services, allows homebuyers and sellers to easily manage their title transaction and closing online and receive real-time updates from their agent for a cohesive experience.

Closing costs

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

Short sale

Housing Wire

JUNE 8, 2022

Solutions like active listing scan will help customers “close more loans more quickly,” he added. . In May, the inventory of homes for sale rose 8%, marking the first inventory rebound since June 2019. Xactus, with its mortgage verification suite, aims to close more loans quickly and enhance profitability.

Short sale

HomeLight

SEPTEMBER 6, 2022

Because, there’s a lot of uncertainty surrounding a short sale, a homeowner might reach out to the real estate agent who originally sold them their home. But that may not be the best choice because even if the whole experience was positive, you’re not going to get the same help that a short sales Realtor® can provide.

Short sale

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales.

Short sale

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.

Short sale

Housing Wire

MAY 20, 2022

Consider a Short Sale. If you’re in over your head in debt and can’t find your way out, your mortgage company may approve a short sale. You can’t make a short sale without getting bank approval first. Once you get approval, short sale offers usually come in rather quickly.

Short sale

HomeLight

AUGUST 16, 2021

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.

Short sale

Housing Wire

MARCH 17, 2021

WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services. ” Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. Presented by: Auction.com.

Title

Housing Wire

MAY 13, 2021

Due to tight inventory and increased competition, investors need to close on loans quickly. We have Agency options, and when that won’t work, we can pivot quickly to a non-QM product without a delay for a quick close. Portfolio Select is a good option for those just two years out of foreclosure, short sale, bankruptcy or deed-in-lieu.

Loans

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?

Short sale

HomeLight

AUGUST 31, 2020

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

Short sale

HomeLight

OCTOBER 5, 2020

You know that old saying, “when one door closes, another one opens”? But what if it’s a different kind of sale … for example, how much should you offer on a short sale? So it’s a cycle of closing old chapters and starting new ones — and that doesn’t always happen in a clean-cut, seamless way.

Short sale

Housing Wire

MAY 31, 2021

In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more. Reduce delays and navigate the real estate closing process with ease. This helps users execute and manage investment strategies, from listing to liquidation.

Technology

Housing Wire

MAY 18, 2022

” The report found that close to 330,000 homeowners with delinquent loans exited forbearance at the end of last year with no loss mitigation solution in place. A mere 11,386 loans had a status of foreclosure during the seven-month period, while 322 loans had an exit status of a short sale.

Loans

Keeping Current Matters

SEPTEMBER 1, 2020

It’s important, however, to closely consider what else impacts the purchase. At that time, distressed properties, like foreclosures and short sales, dominated the market. When most of us begin searching for a home, we naturally start by looking at the price. Today, that’s largely impacted by low mortgage rates.

Short sale

HomeLight

MARCH 30, 2021

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

Short sale

Keeping Current Matters

JANUARY 21, 2021

Economist of Capital Economics, agreed: “The 140,000 drop in non-farm payrolls was entirely due to a massive plunge in leisure and hospitality employment, as bars and restaurants across the country have been forced to close in response to the surge in coronavirus infections. What impact will this have on the real estate market in 2021?

Marketing

Calculated Risk Real Estate

SEPTEMBER 8, 2023

Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). 1 (sometimes called the Flow of Funds report) released today.

Closing