Housing Wire

OCTOBER 17, 2023

“Our goal is to help you avoid a foreclosure sale while protecting your credit score and preserving your equity.” In its first paragraph, the CFPB blog post encourages mortgage servicers to provide distressed homeowners with a nudge toward a pre-foreclosure sale.

MLS

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. As stay-at-home orders were issued early last year, the overwhelming fear was the pandemic would decimate the housing industry in a similar way. Most of the 1.86M in forbearance have enough equity to sell their home.

Short sale

Keeping Current Matters

JANUARY 13, 2021

However, today’s situation is different than the 2006-2008 housing crisis as many homeowners have tremendous amounts of equity in their homes. Over the last 30 days, several industry experts have weighed in on this subject. If not, some will go to foreclosure, but most will be able to sell and walk away with their equity.

Equity

Keeping Current Matters

SEPTEMBER 8, 2021

Short sale. But before you go down any of those paths, it’s worth seeing if you have enough equity in your home to sell it and protect your investment. Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. Loan modification. Deed-in-lieu of foreclosure.

Equity

Housing Wire

JULY 1, 2021

This will be especially true for lower-income households with FHA loans that started with very little equity to begin with due to the low-down payment requirement. Hubzu for Signature Seller Assisted Sale (SSAS), standard short sale, foreclosure and ultimately REO management and sales) that can perform well, no matter the volume.

Short sale

Keeping Current Matters

MARCH 10, 2021

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Home sales and prices were both up substantially over the year before. People are equity rich, not tapped out. Instead, real estate had one of its best years ever. Bottom Line.

Equity

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

RIS Media

OCTOBER 5, 2021

released its latest Mortgage Monitor Report , exploring the relationship between equity positions and downstream foreclosure start rates and, ultimately, distressed liquidations. Whether that’s due to lack of understanding of their equity positions or the foreclosure process in general is unclear,” he added.

Equity

RIS Media

MARCH 25, 2021

When the housing bubble burst, roughly nine million families lost their homes to foreclosure or short sale between 2006 and 2014. According to the Federal Reserve, foreclosures during a time of high unemployment could depress prices, plunging homeowners across the country deeper into negative equity. in December 2019.

Marketing

Easy Agent Pro

OCTOBER 29, 2020

If you’ve been in the real estate industry for some time, you no doubt recall the Great Recession, when the housing market went sideways. Overnight, real estate agents became “short sale experts” during a time when few even knew what the term meant. His suggestion? Or, you could just DIY it.

Short sale

RIS Media

SEPTEMBER 21, 2020

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. percent of the yearly loan amount, can be canceled in certain circumstances when the borrower reaches 20 percent equity.

Pre-approval

HomeLight

JUNE 30, 2021

Government-issued economic bailouts are designed to save an industry, or its major player(s), from total collapse. General Motors and Chrysler have been auto industry bailout recipients , and big names like Bank of America, Wells Fargo, and Goldman Sachs are just a few of those bailed out in the banking industry.

Equity

RIS Media

MARCH 23, 2022

The decrease of forbearance shows the inverse effect of improving rates for both total borrowers and borrowers in workouts, which rose for the first time since June 2021, according to Marina Walsh, CMB, MBA’s vice president of industry analysis. resulted in repayment plans, short sales, deed-in-lieus or other reasons.

Loans

HomeLight

OCTOBER 1, 2020

In 2020 especially, the economy is volatile, and the future remains uncertain for various markets and industries across the board, real estate included. Short sales in the neighborhood . In some cases, short sales may be to blame for a low appraisal. The comps aren’t really comparable.

Purchase and sale agreement

RIS Media

SEPTEMBER 8, 2020

Not only could millions of families potentially lose their home, through a short sale or foreclosure, but this also could create downward pressure on home prices—and consequently home equity—as distressed sales are pushed back into the for-sale market.

Staging

HomeLight

NOVEMBER 30, 2022

Home improvement shows have popularized the concept of “flipping” houses, bringing this segment of the real estate industry into the living rooms of everyday Americans, even inspiring some to take on the challenge of buying a home needing TLC, updating the home with old-fashioned sweat equity, and selling for a nice profit.

House Flipping

HomeLight

JANUARY 4, 2022

Going with a cash offer primarily because it’s easy and low-hassle isn’t unheard of anymore, and in some markets, certain types of cash buyers are getting closer to offering market value than normal , industry data from zavvie shows. Buyers who re-invested their equity. Out-of-state buyers.

Investor

HomeLight

AUGUST 16, 2021

Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. This is the show where you’ll learn what’s working right now from the best real estate agents and industry experts in the country. I believe it’s gonna be a short sale market personally, until next year.

Marketing

HomeLight

APRIL 29, 2021

The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. Strong local economy : Prosperity from an uptick in jobs and industry growth in a local economy can lead to a surge in buyer demand. How quickly your home will sell. Source: (yi sk / Unsplash).

Marketing

The Close

AUGUST 18, 2022

THERE’S MORE: In the process of reviewing your home’s sale potential, I’ll also tell you how to get your property out to the most people possible through the internet. You can put an end to your frustrations … stop the hemorrhaging flow of your equity down the drain, and get on with your life right now! Now for the opportunities.

Purchase and sale agreement

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In Motivated sellers.

Earnest money deposit

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. According to Wise, putting in a little sweat equity on the interior work can improve your profit margin. “If Find a Buyer's Agent What is house flipping?

House Flipping

HomeLight

FEBRUARY 24, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. The industry average is — at the end of the day after you’ve done everything — if you walk away with 10%, it was a good day. Everybody got paid. You were profitable.

House Flipping

HomeLight

FEBRUARY 9, 2023

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

House Flipping

Marco Santarelli

JULY 23, 2022

Due to the crash, there may also be short sales and foreclosures, offering you the opportunity to acquire a deal. This is true for any industry, including real estate or the housing market. In 2010, it was 699, two years after the collapse of the banking industry. of borrowers have equity in their houses less than 10%.

Mortgages

The Close

SEPTEMBER 11, 2024

A real estate mentor is an experienced, knowledgeable professional who helps new or aspiring agents or investors advance in the real estate industry. Mentors offer personalized advice, practical insights, and strategies gained from their successful sales or real estate investing career. What Is a Real Estate Mentor?

Agents

HomeLight

FEBRUARY 24, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. And the city has plenty of tourism and varied industries to keep the economy fueled. Find a Buyer's Agent What is house flipping? as of December 2022.

House Flipping

HomeLight

JANUARY 19, 2023

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

House Flipping

Marco Santarelli

MAY 31, 2022

Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in July 2019. For example, less than five percent of homes have negative equity. Asheville's home resale inventories is 692, which increased 2 percent since June 2019. June 2019 was $225. Graph Credits: Movoto.com.

Marketing

Housing Wire

APRIL 8, 2022

The legit high-level risk homeowners are 2018/2019 and 2020 FHA homebuyers because they lack selling equity, and they would make up that smaller portion of sub -60 FICO score home loans bought in this cycle. Late cycle lending is always a risk in the lending industry. April 2022 : There was no forbearance crash. Time will tell on that.

Marketing

HomeLight

DECEMBER 2, 2021

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? Your agent will also ensure that all additional legal guidelines required in a short sale are followed.

Short sale

HomeLight

AUGUST 31, 2021

However, as those forbearances end toward the later part of 2021, foreclosures will likely become more readily available and may even hit the market in droves, says Florida real estate agent Christina Griffin , who has 20 years of experience in the industry. Let’s take a look at the most common foreclosure sales and how they work.

Pre-approval

RIS Media

APRIL 16, 2021

The industry has been eagerly awaiting further details about President Joe Biden’s proposed first-time homebuyer tax credit—which originally featured a max of $15,000 per buyer toward their down payment on a home. ” The first note of significance? Additional Rules.

Short sale

The Close

DECEMBER 27, 2022

Foreclosure filings begin to increase as financially distressed homeowners no longer have the option to refinance and access their equity, and the tighter market gives them few options to sell or downsize. Preforeclosure and short sales are more common. So they hold out and try to find ways to keep their homes.

Investor

Realty Biz

SEPTEMBER 23, 2021

Miami Homeowners’ Home Equity Continues Surging as Many Pay Lower Mortgage Payments. So not only are many homeowners paying lower mortgage payments today; they are doing so while their wealth (home equity) has significantly increased. Home equity can be tapped for renovations, college loans and more. one job is created.

Sales

Realty Biz

JUNE 24, 2022

month supply at the current sales pace, up from 2.2 Miami Distressed Sales Keep Dropping, Reflecting Healthy Market Only 1.2% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, lower than the 1.7% Short sales and REOs accounted for 0.5%

Sales

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. It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Home equity conversion mortgage.

Purchase and sale agreement