Calculated Risk Real Estate

SEPTEMBER 8, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 125

Closing Equity Principal Short sale 125

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?

Equity 232

Equity Short sale Principal Loans 232

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 93

Equity Fixed-rate mortgage Short sale Mortgages 93

Calculated Risk Real Estate

MARCH 7, 2024

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined. Mortgage debt is up $2.36

Closing 68

Closing Equity Principal Short sale 68

Housing Wire

MAY 9, 2022

A lot of mortgage debt went away due to foreclosures and short sales, bringing home prices way down. With all the nested equity built in, a foreclosure process at scale would have to occur in a deep job loss recession with loans done late in an economic expansion. Currently, the balance sheet of the U.S.

Short sale 530

Short sale Mortgages Equity Sales 530

RIS Media

MARCH 23, 2022

The total number of loans now in forbearance decreased by 12 basis points, from 1.3% of servicers’ portfolio volume in the prior month to 1.18%, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey, released last week. The share of other loans (e.g., resulted in a loan deferral/partial claim.

Loans 96

Loans Mortgages Staging Short sale 96

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.,

Short sale 229

Short sale FHA loan Equity Sales 229

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. It is best to wait until you bring your equity into positive territory.

Short sale 96

Short sale Equity Loans Mortgages 96

Calculated Risk Real Estate

DECEMBER 7, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 70

Closing Equity Principal Short sale 70

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.

Equity 69

Equity Short sale Investor Title 69

CT Homes

MARCH 7, 2024

A mortgage is essentially a loan from a bank or financial institution that enables you to purchase a home. Over time, you repay the loan, plus interest, typically over 15 to 30 years. Understanding the Basics What Does It Mean to Have a Mortgage? However, alternatives like assuming the mortgage might be possible in rare instances.

Purchase and sale agreement 78

Purchase and sale agreement Mortgages Equity Short sale 78

Keeping Current Matters

MARCH 10, 2021

Recently, the Urban Institute released their latest Housing Credit Availability Index (HCAI) which “ measures the percentage of owner-occupied home purchase loans that are likely to default—that is, go unpaid for more than 90 days past their due date. People are equity rich, not tapped out. This is nothing like the last time.

Equity 255

Equity New Construction Construction Short sale 255

Housing Wire

OCTOBER 31, 2022

This is why I am very mindful of recent 100% loans that some banks are offering. After the housing bubble crashed, a lot of household debt got deleveraged through foreclosures, short sales and bankruptcies. Also, homeowners have been living in their homes longer and longer, so their nested equity position has improved over time.

Bankruptcy 517

Bankruptcy Lending Equity Mortgages 517

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.

Equity 198

Equity Banks Closing costs Loans 198

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.

Purchase and sale agreement 109

Purchase and sale agreement Short sale Loans Inspection 109

Realty Biz

AUGUST 6, 2021

As the market again plows bullishly upward into unaffordable home prices, the most likely cushion from a full market meltdown this time will be stricter bank loan regulations and homeowner equity. The housing bubble bust of 2008 resulted in almost 10 million Americans losing their homes to foreclosures and short sales.

Short sale 104

Short sale Loans Equity Mortgages 104

Housing Wire

DECEMBER 8, 2021

.” Getting ahead of this flawed premise, I wrote a series of articles that point out that this isn’t the credit bubble of 2002-2005, and the loans post-2010 were good. We have gone from near 5 million loans in forbearance to finally breaking under 1 million recently. America came back strong, and we left this crew in the dust.

Bankruptcy 519

Bankruptcy Loans Sales Short sale 519

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 98

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.

VA loan 71

VA loan Purchase and sale agreement Short sale Pre-approval 71

HomeLight

JUNE 16, 2023

When housing prices are especially strong, homeowners typically have lots of equity in their homes. Get a hard money loan Hard money lenders are financial institutions that lend money to people with less than stellar credit or complicated finances in order to buy assets such as real estate. Also, these loans are for much shorter terms.

Hard money loan 80

Hard money loan Equity Finance Loans 80

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. The “anyone can get one” loans of the past are illegal; now borrowers undergo stricter income, credit and asset checks. 3: Most Homeowner’s Cushion—Equity. in December 2019.

Marketing 130

Marketing Equity Lending Short sale 130

HomeLight

AUGUST 31, 2021

Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure. A seller will usually have to prove financial hardship for the lender to agree to the sale.

Pre-approval 100

Pre-approval Short sale Banks Finance 100

Real Trends

OCTOBER 21, 2022

Are we on the all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market. Is the bubble bursting?

New Construction 105

New Construction Equity Short sale Construction 105

RIS Media

JANUARY 29, 2021

Between prime (highest-quality) and subprime (lowest-quality) home loans are a category called “Alt-A mortgages.” . The federal government sets guidelines for Qualified Mortgages that focus on a borrower’s ability to repay the loan. How Are Requirements Different for Alt-A Loans? An Alt-A loan may be available sooner.

Debt-to-income ratio 96

Debt-to-income ratio Mortgages Bankruptcy Loans 96

Lighter Side of Real Estate

APRIL 6, 2022

To put it simply, they were risky mortgages given to people who probably weren’t going to be able to afford the loans they were taking on. So your rate isn’t fixed for the life of the loan. How much will that monthly savings amount to over the entire term of the loan? Find out when your rate can be adjusted.

Mortgages 141

Mortgages Fixed-rate mortgage Banks Lending 141

First Team Real Estate

JANUARY 29, 2021

homeowners are more financially stable and have more equity in their homes. The bubble created by the Great Recession was fueled by subprime lending practices, which meant homeowners were qualifying for home loans they couldn’t afford. According to realtor.com’s predictions, home sale prices are expected to go up 5.7%

Equity 98

Equity Lending Short sale Sales 98

Realtor.com

DECEMBER 14, 2022

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. Many loans have caps on how high a borrower’s future payments can rise.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans VA loan 102

Realty Biz

AUGUST 23, 2023

A reverse mortgage foreclosure occurs when a homeowner cannot meet the requirements of their reverse mortgage loan, which can lead to the sale of their home. In the case of reverse mortgage foreclosure, it involves the sale of the home to repay the loan balance, triggered by specific circumstances outlined in the loan agreement.

Mortgages 97

Mortgages Loans Sales Short sale 97

Realtor.com

DECEMBER 14, 2022

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. Many loans have caps on how high a borrower’s future payments can rise.

Fixed-rate mortgage 99

Fixed-rate mortgage Mortgages Loans VA loan 99

RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Loan estimate : A three-page document sent to an applicant, often three days after they apply for a home loan. The fee, usually 0.3 – 1.5 Source: Zillow.

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Pre-approval Pre-qualification Title search Inspection 65

HomeLight

OCTOBER 30, 2020

Even some homeowners of higher dollar homes have wound up in foreclosure: “I had one foreclosure where the house was worth over half a million, and it went into foreclosure over a loan of $10,000. What many homeowners don’t realize is that they have equity built up in their house that can help them out of their current financial difficulty.

Short sale 104

Short sale Banks Equity Mortgages 104

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. What is a short sale?

Short sale 86

Short sale Sales Pre-approval Equity 86

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?

Short sale 79

Short sale Sales Pre-approval Pre-qualification 79

HomeLight

DECEMBER 29, 2020

Sellers have equity, and short sales are unlikely. Selling your home before a recession may be the perfect opportunity to liquidate your equity and build up your nest egg. Also, homeowners with equity in their home are unlikely to need to negotiate a short sale because they won’t be underwater on their mortgage loan.

Short sale 93

Short sale Loans Equity Sales 93

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. On a national level, 7.1 This represents a 3.1-percentage

Staging 93

Staging Short sale Loans Mortgages 93

HomeLight

JUNE 30, 2021

In short, there are fewer hoops a borrower has to jump through to prove their financial worthiness before being approved for a loan. Housing-specific recession sign #6: Home loans are delinquent or in default. Housing-specific recession sign #7: Home equity is stretched. Building equity is every homeowner’s goal.

Equity 65

Equity Loans Lending Industrial 65

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%

Marketing 76

Marketing Equity Investor Loans 76