Housing Wire

DECEMBER 28, 2022

While this would be a hit to homeowner equity, only 1 to 2 percent more of homeowners would move into negative equity. First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. There won’t be forced home sales like we saw in the crisis.

Marketing 487

Marketing Equity Mortgages Short sale 487

HomeLight

DECEMBER 2, 2021

If you’re “upside-down” in your mortgage (owing more than the property is worth), you have a few options. 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?

Short sale 91

Short sale Sales Loans Banks 91

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. We are a monster compared to them in population and the majority of homebuyers in America use mortgages. When mortgage rates rise, two things always happen here in America. The days on market grow, which gives people more choices and less forced bidding.

Short sale 529

Short sale Mortgages Equity Sales 529

HomeLight

JULY 25, 2022

Primary reasons for this include lack of equity accumulated in the home and insufficient appreciation – an increase in property value. The market is the largest driver of price,” Gore says. Comparable properties nearby : Real estate comps are recent nearby home sales that affect the sale price and value of your home.

Closing costs 100

Closing costs Equity Short sale Agents 100

HomeLight

JUNE 8, 2021

And that doesn’t account for the weeks needed to clean, paint, and tidy up the property for its market debut. If you don’t have the patience for this timeline, including the 49 days you’ll spend waiting for a traditional buyer’s mortgage to wrap, you’ll need to get creative with your plans. Thankfully, you do have options.

Short sale 109

Short sale Agents Sales Days on market 109

HomeLight

JULY 25, 2022

You can sell a home whenever you want, but expect financial consequences if you have little equity in it. There are a number of reasons for this, including lack of equity accumulated in the home and insufficient appreciation – an increase in property value. Like any investment, you don’t get profit if you hold it a short time.”.

Closing costs 97

Closing costs Equity Short sale Sales 97

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Assumable mortgage. Amortization.

Purchase and sale agreement 98

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