Housing Wire

OCTOBER 17, 2023

Walking that thin line is becoming increasingly important as more distressed sales are pushed up-funnel into the pre-foreclosure marketplace — a trend that began developing about 10 years ago and has accelerated in earnest over the last two years.

MLS

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. Clients can utilize real-time and customizable reporting, as well as direct data warehouse access,” said Rebecca Smith, VP, Sales and Business Development.

Technology

Housing Wire

NOVEMBER 3, 2020

Hubzu is an end-to-end asset management platform for residential foreclosure, short sale, REO, deed in lieu, CWCOT and retail property auctions. million bids and the sale of more than 225,000 homes. The app offers potential buyers tools to find, research and bid on homes via a competitive auction format. and Denver markets.

Residential

Keeping Current Matters

JULY 28, 2021

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. The 10% equity number is important because it enables homeowners to sell their houses and pay the related expenses instead of facing the hit on their credit that a foreclosure or short sale would create.

Short sale

Housing Wire

JUNE 18, 2024

Department of Housing and Urban Development (HUD). In fact, the companies systematically failed to respond to thousands of homeowner requests for loan payoff statements, short sales, deeds-in-lieu of foreclosures, lien releases, and requests for general information.”

Loans

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

Housing Wire

NOVEMBER 20, 2024

Status as a first-time homebuyer will now also count as “a mitigating factor in the DU Risk Assessment,” as research into the development process for the new version suggested that loans where a borrower identified themselves as first-time homebuyers “performed better than similar loans for borrowers that had previously owned a home.”

Bankruptcy

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? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

Short sale

Housing Wire

JUNE 3, 2024

And of course, during those 50 years, we’ve navigated double-digit interest rates, the Great Recession where everyone had to figure out how to do short sales, and we’ve brought education to our agents during those times. We navigated them, we leveled up and we learned to thrive no matter what the market conditions are.

Branding

Housing Wire

DECEMBER 13, 2021

But despite these headlines and recent developments, big investors and Wall Street play a small role in the U.S. Certainly, the great financial crisis accelerated the growth and development of the single-family home industry. Meanwhile, Redfin released a report with the headline: “Investors bought a record 18% of U.S.

Investor

Housing Wire

SEPTEMBER 16, 2021

This was quite a change from the documentation-heavy process that was developed for loss mitigation from the Great Financial Crisis (GFC). Only 0.65% of exits to date have been into other resolutions, which would include short sales and deed-in-lieus. Borrowers simply needed to assert a hardship related to Covid-19.

Mortgages

Realty Biz

JANUARY 1, 2021

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. In most short sales the property is currently worth less than the borrower owes on the mortgage which is referred to as being underwater. Erika Rogers, Homes for Sale in St.

Short sale

RIS Media

OCTOBER 1, 2020

That’s why the Center for REALTOR® Development has been dedicated to offering safe, convenient and affordable ways to access valuable educational and networking opportunities since the onset of the coronavirus pandemic. Short Sales & Foreclosure Resource (SFR®) Certification Course. Dates: Oct. 8 – 9, 2020.

Marketing

A Student of the Real Estate Game

DECEMBER 8, 2020

Construction/Technological Innovation : High construction costs is one of the biggest constraints to developing more workforce housing. Innovative models such as ‘ Apt ’ (full disclosure I’m a small seed investor) and projects that utilize prototype design can bring down construction costs while condensing the development timeline.

Construction

HomeLight

JUNE 30, 2024

Each listing includes essential details like photos, descriptions, and contact information for agents or banks handling the sale. Equator.com Equator.com offers a comprehensive free website for finding foreclosed homes, short sales, and open market listings posted on the Hubzu auctions platform.

Short sale

Realty Biz

MARCH 2, 2023

Look at Short Sales or Foreclosures When the owner fails to pay their mortgage, the lender can take back the property and evict the occupants. With the house vacant, they can put it up for sale on the market. Aside from finding cheap houses for sale, you can enjoy affordable living, increased safety, and a serene environment.

Sales

HomeLight

MAY 17, 2022

A short sale is a type of preforeclosure; when a homeowner stops making payments on their mortgage and owes more on the home than the house is worth in the current market, then they will need to sell the house for less than they owe, and the lender will be “short” on the amount of money they accept in the sale (hence the name).

Inspection

Realty Biz

MARCH 16, 2023

ML: I’m a subject matter expert on foreclosures, short sales, technology and social media, and then I am a full time instructor in the State of Illinois, dealing with license law, pre-licensing, that sort of thing. We recently sat down with Marki to discuss her real estate career past and present.

Short sale

RIS Media

APRIL 16, 2022

DeLisa Rose is a certified instructor with a mastery of multiple aspects of real estate including foreclosures, short sales, probate, divorce, investments, multi-family, commercial real estate, land developments, and luxury home sales. He joined RE/MAX in 1987 and has been a broker/owner since 2002.

Short sale

Realty Biz

OCTOBER 4, 2022

Engel & Völkers of East Greenwich announced today that Vickie Pizzarelli has joined its brokerage as a real estate advisor, where she specializes in new construction, residential sales, foreclosures, and short sales. She also serves on the Professional Standards Committee at RIAR.

Brokerage

The Close

DECEMBER 19, 2022

You might even get an opportunity to demonstrate your skills to developers wanting to fill newly built apartments or condos. Build a Relationship With Developers. When property developers are considering a new project, the first two questions they always ask are, “How much is it going to cost?” and “How much can we sell it for?”

Agents

HomeLight

AUGUST 16, 2021

So how can you develop that skill that makes the pros so confident — and drives major return on investment? So find out who is listing the current REOs and work on developing a relationship with this person or company.”. There is never a perfect investment situation. You add those two together, you get a licensed Realtor?

Banks

The Close

JULY 30, 2024

Expansion stage (Source: CrowdStreet ) What investors should do during expansion : Research growing areas to invest in locations that are in high demand Renovate or develop properties (high demand justifies the cost) 3. However, this can change pretty drastically depending on some of the factors that affect the market.

Investor

Real Trends

MARCH 1, 2023

And some, such as short sales and REOs, vacation rentals and fixer-uppers, are hotter in some markets than others. After you make a decision, develop your marketing plan. For real estate agents who want to gain an edge , finding a specific niche to hone can be helpful. Choosing the right niche is just the beginning.

Commercial

Real Trends

JANUARY 25, 2023

Situational Situational real estate transactions occur outside of “normal ” sales. These might include short sales, relocation sales or sales of an inherited home. That means you’d work with buyers and sellers on transactions in a specific development.

Homeowner’s association

HomeLight

MAY 28, 2021

They are responsible for the day-to-day operations of a brokerage, including staff, training material development, support and compliance, developing marketing materials, and more. Perhaps a foreclosure or short sale? Managing brokers are licensed brokers who manage agents and possibly associate brokers.

Agents

Marco Santarelli

JUNE 12, 2021

In April 2021, the median sale price of a Foreclosure/REO property in the Tampa metro was $229,250, up 14.5% The median price of a short sale was $245,000, up 18% as compared to last year. There were 38 foreclosure sales and 31 short sales. as compared to last year. Source: Florida REALTORS®.

Marketing

HomeLight

NOVEMBER 30, 2022

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for big bucks. Develop your budget. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. What is house flipping?

House Flipping

Realtor.com

JULY 7, 2021

Any homeowner who isn’t able to sell their home or modify their loan is likely to face foreclosure or other financially challenging options, such as a short sale, the researchers warned.

FHA loan

Realtor.com

JULY 7, 2021

Any homeowner who isn’t able to sell their home or modify their loan is likely to face foreclosure or other financially challenging options, such as a short sale, the researchers warned.

FHA loan

Windemere Selling

NOVEMBER 8, 2021

Accredited Land Consultant ( ALC ): Land experts have expert knowledge and experience in land auctioning, leasing, development, farm management, land investment analysis, and tax deferment. Short Sale & Foreclosure Resource® ( SFR® ): Short sales are different than typical home sales because they deal directly with financial institutions.

Design

HomeLight

JULY 27, 2021

During the era of the foreclosure market and short sale market, which was in 2008, the price points for the homes were pretty low,” she says. They develop a deep familiarity with the neighborhoods, the markets, and the tastes and needs of the buyer before the two of you even set foot into a property.

Purchase and sale agreement

Marco Santarelli

SEPTEMBER 21, 2021

million and average household income of around $53,000, Detroit is moving rapidly upwards when it comes to both population growth and development. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in September. With a population of around 4.3 August 2019 was $43.

Marketing

Realty Biz

MARCH 21, 2023

for $10M+ sales volume on basis of percentage change from 2019 vs 2022 via Compass Global companies continue relocating to Miami, such as Citadel, a multinational hedge fund that manages $57 billion in assets and is developing a $1 billion Miami office tower with plans to have 1,500 employees in 10 years. 2, respectively, in the U.S.

Sales

Realty Biz

DECEMBER 26, 2022

Global companies continue relocating to Miami, such as Citadel, a multinational hedge fund that manages $57 billion in assets and is developing a $1 billion Miami office tower with plans to have 1,500 employees in 10 years. Miami Distressed Sales Remain Low, Reflecting Healthy Market Only 1.7% Short sales and REOs accounted for 0.1%

Sales

The Close

AUGUST 18, 2022

In fact, my research shows that [type of property] homes like yours have gone up more than [percentage] in the last five years, but trends are indicating a slowdown on the horizon due to new development and new regulations that will kill investment values. A short sale is one alternative to foreclosure.

Purchase and sale agreement

HomeLight

MARCH 19, 2022

Develop a plan to achieve your selling goals. Develop an effective pricing strategy. They do this by: Researching outlier comps to include or exclude (Foreclosures, short sales, etc.). Find Agent. Comparing sold price vs. house condition for each comp (Fully remodeled homes vs. as-is properties, etc.).

Closing