article thumbnail

FHA walks back Biden-era restrictions on foreclosed property sales

Housing Wire

In walking back policies designed to boost participation in foreclosed property sales for nonprofit and government bodies, the Federal Housing Administration (FHA) said that policies put in place in 2022 that restrict certain sales to these entities for a 30-day period have produced mixed results at best and will now be rescinded.

article thumbnail

Real Brokerage adds California firm via private-label program

Housing Wire

Phelan — who started her real estate career in relocation — co-founded Showcase Real Estate with her husband, building the firm’s foundation on land development, new construction and resales. Donna is exactly the kind of leader we love to partner with at Real,” said Tamir Poleg , chairman and CEO of The Real Brokerage.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can You Decode Real Estate Acronyms Like an Agent? Take the Quiz!

Lighter Side of Real Estate

Real Estate Owned (by a lender) HDW 3. Central Air Conditioning REO 3. Hardwood Floors POF 3.

article thumbnail

How to find foreclosure leads and turn them into clients

Housing Wire

Depending on where they are in the process, they might still be living in the home (also called pre-foreclosure), actively listed for auction or already repossessed by the bank (referred to as real estate owned or REO). Each stage represents a different kind of opportunity, and knowing how to approach each one is key.

article thumbnail

28 real estate niches brimming with potential

Housing Wire

Green and sustainable building practices are becoming the norm, and recent natural disasters have made it clear that thoughtfully designed homes built with the right materials can also protect against catastrophic loss. Also, if you have a knack for renovations and interior design, this will be an ideal real estate niche for you.

article thumbnail

Radian’s Pyramid Platform automates every step of the real estate process

Housing Wire

“Our customers choose Pyramid Platform because it allows them the flexibility to design their optimal workflow, manage their real estate assets, and nimbly pivot as the needs of those portfolios may change to match market conditions,” added Smith. Tim Reilly, EVP, Asset Management Operations.

article thumbnail

Industry supports FHA’s 40-year loan term option — with caveats

Housing Wire

The rule would also reduce losses to FHA’s Mutual Mortgage Insurance Fund, as fewer properties would be sold at a loss in foreclosure or out of FHA’s real estate owned inventory, according to HUD. But it’s not just a benefit to borrowers.