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. Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . There will be two key differences between 2023 and 2010.
Housing Wire
MAY 9, 2022
Breaking that threshhold would mean we are in unhealthy home-price growth land. A lot of mortgage debt went away due to foreclosures and short sales, bringing home prices way down. Those loans with a small downpayment risk foreclosure or short sale if home prices fall quickly during a job loss recession.
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Easy Agent Pro
OCTOBER 29, 2020
Sugar Land, TX. Overnight, real estate agents became “short sale experts” during a time when few even knew what the term meant. Brush up on the foreclosure and short sale process by taking the classes (it’s actually a one-day session you can do online” leading to NAR’s short sale and foreclosure designation.
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.
HomeLight
APRIL 29, 2021
But when new builds can’t keep up, whether due to labor and lumber limitations or land shortages , the result is the same: fewer homes for buyers to choose from. With competing buyers and rising home prices, you could net more than what recent sales in your neighborhood suggest. Increased buyer demand. Your bank account will thank you!
HomeLight
OCTOBER 1, 2020
She was drawn to foreclosures because, “For me, having a house that has equity has always been important. Many homebuyers like buying and knowing that they have immediate equity, above and beyond the down payment, in the house. Christina Griffin is a top agent who’s listed and sold thousands of foreclosures in Florida.
HomeLight
APRIL 29, 2022
Whether you’re thinking about selling your home, borrowing from your home equity, or canceling private mortgage insurance (PMI) , it’s worth considering how to increase home value for an appraisal. For example, any homes that were foreclosures or short sales may be considered bad comps. What decreases a home appraisal?
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