CT Homes

MARCH 7, 2024

If you’re a homeowner pondering the possibility of selling your house, you might find yourself wrestling with a common question: Can you sell a home with a mortgage ? It’s a widespread belief that a mortgage chains you to your property until every last penny is paid off.

Purchase and sale agreement 78

Purchase and sale agreement Mortgages Equity Short sale 78

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. When mortgage rates rise, two things always happen here in America.

Short sale 529

Short sale Mortgages Equity Sales 529

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

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale.

Short sale 94

Short sale As-is Purchase and sale agreement Sales 94

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 72

Short sale Sales Banks Backup offer 72

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. Short sale. In today’s real estate market, many homeowners have far more equity in their homes than they realize.

Equity 212

Equity Short sale Loans Sales 212

Housing Wire

JUNE 22, 2021

Servicers’ forbearance portfolio volume fell 11 basis points last week to 3.93%, according to a survey from the Mortgage Bankers Association. “The improving job market and strong housing market are providing support for those who do exit.”. The forbearance rate is officially below 4% for the first time in a year.

Short sale 395

Short sale Loans Equity Mortgages 395

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. Currently, the housing market is in a recession: sales, production, jobs and incomes are all falling in the housing sector.

Bankruptcy 515

Bankruptcy Lending Equity Mortgages 515

Housing Wire

JULY 1, 2021

Servicers should also be sharing the mathematics of mortgage forbearance. 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. Most homeowners will be exiting forbearance after 12 or even 15 months of not making payments.

Short sale 298

Short sale FHA loan Equity Sales 298

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! I have never believed in this concept because of how the housing market credit channels work.

Sales 527

Sales Mortgages Principal Short sale 527

Keeping Current Matters

JANUARY 13, 2021

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. First, the homeowner suffers an adverse economic shock…leading to the homeowner becoming delinquent on their mortgage.

Equity 236

Equity Short sale Principal Loans 236

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.

Marketing 129

Marketing Equity Lending Short sale 129

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. The total balance owed on a mortgage is more than the house is currently worth. Selling a home with an underwater mortgage is never a good idea. The downside?

Short sale 89

Short sale Equity Loans Mortgages 89

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.

Equity 258

Equity New Construction Construction Short sale 258

Realty Biz

AUGUST 4, 2020

Right now, I’m more than a month behind on my mortgage payment and I don’t see a way forward to make the payments for many months to come. All things considered, I can’t sell the house to pay off the mortgage. What are my options when I have little or no equity? Question from Gil in OK: Hello Brian. I’m in big trouble.

Equity 62

Equity Short sale Investor Title 62

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.

Bankruptcy 518

Bankruptcy Loans Sales Short sale 518

Keeping Current Matters

OCTOBER 21, 2020

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Today, the vast majority of homeowners have significant equity in their homes.

Equity 202

Equity Banks Closing costs Loans 202

Lighter Side of Real Estate

APRIL 6, 2022

You’re probably well aware that mortgage rates are rising. Which means you’ve probably been reading or hearing about adjustable rate mortgages making a comeback. The 30-year fixed rate mortgage has been so historically low, they haven’t been all that necessary to consider. But , it can also be a smart choice.

Mortgages 140

Mortgages Fixed-rate mortgage Banks Lending 140

Marco Santarelli

JULY 23, 2022

In the summer of 2022, there is a lot of speculation in the media that the slowing housing market is an indication that the market is headed for a housing crash. People who recall the subprime mortgage crisis are concerned that the recent spike in home prices followed by a pause signals the bursting of another housing bubble.

Mortgages 52

Mortgages Marketing Lending Equity 52

Realty Biz

AUGUST 23, 2023

Are you wondering what happens with reverse mortgage foreclosures? 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. Understanding reverse mortgages and the foreclosure process is crucial for homeowners.

Mortgages 92

Mortgages Loans Sales Short sale 92

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.

Short sale 104

Short sale Loans Equity Mortgages 104

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.

New Construction 105

New Construction Equity Short sale Construction 105

Realty Biz

MAY 22, 2022

Despite 30-year mortgages being firmly above a 5% interest rate, mortgage applications for home purchases increased 5% in mid-May. What is different this year is that buyers are turning to adjustable rate mortgages in higher numbers than at any time in the past 14 years. Now, the share of ARMs is 11% of overall mortgage loans.

Short sale 95

Short sale Loans Mortgages Equity 95

HomeLight

SEPTEMBER 30, 2021

You’d like to sell your current home, but the mortgage isn’t paid off yet. Consider that most mortgages come with 15 or 30 year terms, while 52% of recent sellers sold before owning their home for 10 years, according to data from the National Association of Realtors. Can you sell a house you still owe money on? Check your home value.

Mortgages 100

Mortgages Debt-to-income ratio Equity Closing costs 100

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. A house enters the pre-foreclosure process after the owner misses one or more mortgage payments and the lender sends a Notice of Default (NOD).

Purchase and sale agreement 106

Purchase and sale agreement Short sale Loans Inspection 106

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. VA-backed mortgage as marketing.

VA loan 68

VA loan Purchase and sale agreement Short sale Pre-approval 68

First Team Real Estate

JANUARY 29, 2021

Put in place back in March, direct mortgage servicers are required to halt all new foreclosures and suspend any that are in progress for FHA properties. Many fear that we will see a repeat of 2008 with a market crash and a huge wave of foreclosures. homeowners are more financially stable and have more equity in their homes.

Equity 98

Equity Lending Short sale Sales 98

HomeLight

OCTOBER 30, 2020

you’ve likely missed several months of mortgage payments or may be already incurring the lender’s attorney fees for your continued delinquency. Whatever stage you’re in, it’s natural to feel paralyzed with disappointment, sadness, and a sense of panic when those overdue notices and warnings come from your mortgage company.

Short sale 104

Short sale Banks Equity Mortgages 104

Redfin

DECEMBER 7, 2020

homeowners will be on the hook for delinquent payments when mortgage forbearance ends. While some of those homeowners who are overleveraged or unaware of their options will contribute to a wave of foreclosures, most will be able to work with their lenders to either refinance their mortgage or sell to cash in on rising home values.

Marketing 79

Marketing Equity Investor Loans 79

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.

Hard money loan 77

Hard money loan Equity Finance Loans 77

HomeLight

AUGUST 31, 2021

A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default. Short sale. Source: (Adam Wilson / Unsplash).

Pre-approval 96

Pre-approval Short sale Banks Finance 96

Easy Agent Pro

OCTOBER 29, 2020

Depending on where your real estate market falls on the list is either brilliant marketing fodder or something to ignore. 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. Commercial agents: Here are the top 10 real estate markets for 2021.

Short sale 85

Short sale Land Commercial Equity 85

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.

Marketing 109

Marketing Sales Agents Construction 109

Housing Wire

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. No, it can’t.

Marketing 395

Marketing Lending Short sale Equity 395

HomeLight

JUNE 8, 2021

Even in today’s hot seller’s market where homes attract offers in as few as 16 days , it takes around 2-plus months to sell a house from list to close. And that doesn’t account for the weeks needed to clean, paint, and tidy up the property for its market debut. In a hot market, homes naturally sell fast.

Short sale 109

Short sale Agents Sales Days on market 109

Lighter Side of Real Estate

JANUARY 4, 2023

It’s natural for people to be concerned that they’re buying a house when prices are at their peak, and people worry about that in almost any market. So, unless you have to sell when prices are lower than you paid for your house, you can always just wait for the market to bounce back before selling. It can (and does) happen.

Short sale 69

Short sale Mortgages Equity Sales 69

RIS Media

SEPTEMBER 8, 2020

percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure). 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. This represents a 3.1-percentage

Staging 103

Staging Short sale Loans Mortgages 103