Housing Wire

MAY 9, 2022

housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. housing market is more tied to mortgage buyers. The days on market grow, which gives people more choices and less forced bidding.

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Short sale Mortgages Equity Sales 531

Keeping Current Matters

JANUARY 13, 2021

Yanling Mayer, Principal Economist at CoreLogic , recently revealed : “A distributional analysis of forborne loans’ payment status reveals that more than one third (39.1%) of all forborne loans are now 150+ days behind payment, while as many as 1-in-4 (25.5%) are 180+ days past due.”. Though 29.4% What are the experts saying?

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Equity Short sale Principal Loans 308

Keeping Current Matters

SEPTEMBER 8, 2021

Investopedia defines it like this: “ Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property. Loan modification. Short sale. When prices rise , so does the amount of equity you have in your house.

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Equity Short sale Loans Sales 273

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. million new and existing home sales combined.

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Bankruptcy Loans Sales Short sale 523

Housing Wire

OCTOBER 31, 2022

When the Fed says they may need to keep rates higher for longer, I believe that’s them talking tough, as they can fall back on the fact that the labor market is still solid and household balance sheets are good. Currently, the housing market is in a recession: sales, production, jobs and incomes are all falling in the housing sector.

Bankruptcy 521

Bankruptcy Lending Equity Mortgages 521

Keeping Current Matters

OCTOBER 21, 2020

During the housing crash twelve years ago, many homeowners owned a house that was worth less than the mortgage they had on that home (called negative equity or being underwater ). Today, the vast majority of homeowners have significant equity in their homes. Most homeowners have substantial equity in their homes.

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Equity Banks Closing costs Loans 299

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. Home sales and prices were both up substantially over the year before. Today, it’s tough to qualify.

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Equity New Construction Construction Short sale 320

Housing Wire

JULY 1, 2021

they may not be able to modify the loan, sell quickly or whatever else and thus end up foreclosed upon). 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. Second, ensure they are partnered with great vendors (i.e.,

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Short sale FHA loan Equity Sales 262

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

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Short sale Sales Pre-approval Pre-qualification 97

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales.

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Short sale Sales Pre-approval Banks 98

HomeLight

SEPTEMBER 30, 2020

Unexpected setbacks and misfortunes happen, whether that stems from a dramatic housing market downturn, getting laid off, or any other wrenches that life (or a worldwide pandemic) throws into your plans. If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course.

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Short sale Closing costs Closing Sales 98

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?

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Short sale Sales Banks Backup offer 101

Redfin

MARCH 4, 2025

One of the benefits of homeownership is building equity – the amount of the home you actually own. Home equity can be used to help you buy a new home, make improvements to your house to increase its value, or pay off debts. So, how do you calculate how much home equity you have? How is home equity calculated?

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Equity Loans Seller concession Short sale 35

HomeLight

MARCH 30, 2021

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

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Short sale Sales Pre-approval Closing costs 80

RIS Media

MARCH 25, 2021

With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash? The unforeseen housing market crash 15 years ago ignited a worldwide recession.

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Marketing Equity Lending Short sale 131

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 98

Equity Fixed-rate mortgage Short sale Mortgages 98

Redfin

JANUARY 28, 2025

If you’re exploring mortgage options or looking to sell your home, whether its a charming home in Nashville or a spacious townhome in Houston , you might wonder: Are FHA loans assumable? The short answer is yesbut there’s more to the story. Are FHA loans assumable? For example, if the sellers FHA loan has a 2.5%

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FHA loan Loans Closing costs Mortgages 31

HomeLight

OCTOBER 30, 2023

A sudden job loss or market dip can flip your entire world upside-down, threatening your ability to stay on top of your mortgage. Request an instant home value estimate to for a ballpark estimation of how much equity you have before selling a house with a mortgage. Arrange a short sale with your lender.

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Short sale Equity Loans Mortgages 116

Realty Biz

AUGUST 6, 2021

Let’s not lose sight of the fact that it was a housing market crash 13 years ago that set off a worldwide recession. Not that we are on the verge of another Great Recession, but we must be aware of the ongoing signals of distress in the real estate market if another meltdown is to be avoided. What We Learned From the Great Recession.

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Short sale Loans Equity Mortgages 102

The Mortgage Report

JULY 11, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? Answers have been edited for brevity and clarity.

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FHA 203k rehab loan VA loan FHA loan Pre-approval 40

Realty Biz

JANUARY 19, 2023

Many people purchase homes with the intent to build equity, though life happens and homeowners end up underwater, whether it is upside down or with negative equity. Winding up with Negative Equity With the change in the market, housing prices fall and rise. One such option on the table is a short sale.

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Short sale Equity Loans Mortgages 84

Lighter Side of Real Estate

APRIL 6, 2022

The last time they were popular was prior to the real estate market bubble bursting in 2007. A difference is, back in 2007 and the years leading up to it, banks had been lax in their lending standards, and much of the market was affected by what is known as “subprime” mortgages. So your rate isn’t fixed for the life of the loan.

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Mortgages Fixed-rate mortgage Banks Lending 145

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. Check your equity to get started. As a military member selling a house, the options available to you depend on your equity , which is the percent of your home that you own outright. Home Loan program. Here are a few.

VA loan 95

VA loan Purchase and sale agreement Short sale Pre-approval 95

Realty Biz

JULY 19, 2022

Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. The seller has options as long as the house is worth more than the outstanding loan. The primary option when a house is worth less than the loan is a short sale.

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Purchase and sale agreement Short sale Loans Inspection 101

Realty Biz

AUGUST 4, 2020

What are my options when I have little or no equity? Gil, the better term for what you are referring to is “under-equitied” meaning having less than 20% home equity. When you’re selling, having equity needs to at least cover the costs associated with selling, including paying off the mortgage.

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Equity Short sale Investor Title 59

Realty Biz

MAY 22, 2022

Now, the share of ARMs is 11% of overall mortgage loans. Every year thereafter, your rate can adjust a maximum of 2 percentage points (the second number, “2”), but your interest rate can never increase more than 5 percentage points (the last number, “5”) over the life of the loan. A Short History of ARMs.

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Short sale Loans Mortgages Equity 91

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. These properties are often priced below market value, making them attractive to buyers looking for a good deal or hoping to build equity quickly. What is foreclosure?

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Pre-approval FHA loan Short sale Banks 35

First Team Real Estate

JANUARY 29, 2021

Many fear that we will see a repeat of 2008 with a market crash and a huge wave of foreclosures. With the moratorium on home foreclosures, distressed sales have dipped to their lowest levels ever, making up less than half a percent of the listing inventory and demand in Southern California. Will there be a housing crash in 2021?

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Equity Lending Short sale Sales 98

HomeLight

APRIL 29, 2021

From cocktail parties to backyard barbecues, it seems like everyone around you is talking about how hot the real estate market is. So does that mean you’re in a buyer’s market or a seller’s market? Like stock prices, the real estate market fluctuates. It can affect: How you prepare your home for sale.

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Marketing Sales Agents Construction 111

Marco Santarelli

APRIL 27, 2025

Now, imagine you have the resources to just walk in, pick your spot, and pay for it right there and then, without needing a loan. My short answer? As someone who watches the real estate market closely and has seen different cycles, I can tell you that paying cash always gives you an edge. The cash offer? Sellers love certainty.

Finance 52

Finance Loans Inspection Closing 52

Redfin

DECEMBER 7, 2020

American homeowners have gained $2 trillion dollars in home equity since the beginning of the pandemic alone, thanks to double-digit price growth driven by soaring homebuyer demand as the supply of homes for sale fell to historic lows. The metro with the next highest loan-to-value is St. This explains why only 1.8%

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Marketing Equity Investor Loans 79

RIS Media

SEPTEMBER 8, 2020

CoreLogic® released its monthly Loan Performance Insights Report for June 2020. To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency , including the share that transition from current to 30 days past due. The housing market is facing a paradox.

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Staging Short sale Loans Mortgages 105

HomeLight

JUNE 16, 2023

Lenders who foreclose on homes and then sell them at auction may be willing to let go of the home for significantly less than the market value. In early 2021, “the foreclosure market is almost dried up,” says John Durham , a top agent in McDonough, Georgia with 20 years of experience, including many purchases at auctions.

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Hard money loan Equity Finance Loans 98

HomeLight

JUNE 30, 2021

Although several experts predicted that the next housing recession would take place in 2020 , with the benefit of hindsight, we know that 2020 was a hot seller’s market across the United States. Today, with the help of housing market experts, including top New Bedford, Massachusetts-based real estate agent Byron Ford, Jr.

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Equity Loans Lending Industrial 93

HomeLight

APRIL 30, 2021

Or perhaps you’re curious whether you should put it on the market sooner. A real estate agent performs a comparative market analysis, or CMA , before your home hits the market to help arrive at a decent asking price. But how much does a comparative market analysis cost? But Herring doesn’t charge anything. Square footage.

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Marketing MLS Agents Renovation 111

CT Homes

JUNE 4, 2024

During this time, interest continues to accrue, and the deferred payments must be paid back later, often at the end of the forbearance period or added to the loan balance. List Your Home for Sale: Put your home on the market and find a buyer. We can close quickly! Get an easy, no-nonsense cash offer for your property today!

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Short sale Equity Inspection Mortgages 82

Marco Santarelli

JULY 11, 2022

Housing Market Trends 2022: Will Prices Decline? The various forecasts from experts show that 2022 will remain a sellers' housing market, and home values are expected to increase by double-digit percentage points. The real estate market has emerged as a boon for sellers and a source of worry for buyers in the middle of this epidemic.

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Sales Marketing Fixed-rate mortgage Mortgages 98