Housing Wire

APRIL 8, 2021

billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. 36,000 Surplus per Sale. Over the past five years, more than $1.2

Equity

Housing Wire

FEBRUARY 7, 2024

In the first year, each agency should implement a Section 515 loan product while providing additional equity investments to Community Development Fund Institutions (CDFIs) that are engaged in Section 515 financing. “The GSEs should purchase mortgage products that increase liquidity in the Section 515 market,” the publication recommends.

Land lease

Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations.

Technology

Housing Wire

NOVEMBER 28, 2023

An abundance of housing supply will diminish home prices while a shortage of homes available for sale will escalate prices. Launch a government-funded affordable housing awareness campaign Home equity is the primary source of wealth for most Americans.

Land

Housing Wire

MAY 8, 2024

In origination, improved gain-on-sale margins for Home Equity Conversion Mortgages (HECMs) that were driven by tighter HECM yield spreads “were mostly offset by a decline in overall origination volumes,” he added. This also added to Penn’s commentary about where the company expects future ADE growth to come from.

Mortgages

Calculated Risk Real Estate

DECEMBER 13, 2024

We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. from the second quarter of 2024, to currently about 990,000 homes with negative equity, or 1.8%

Equity

HomeLight

SEPTEMBER 30, 2021

REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it. These opportunities might include: Pre-foreclosure sale. Pre-foreclosure sales. This is usually done through a preforeclosure sale. Foreclosure auction. REO listing. REO listings.

Banks

Calculated Risk Real Estate

SEPTEMBER 16, 2024

We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. REO (Real Estate Owned) is the amount of real estate owned by lenders.

Equity

Calculated Risk Real Estate

DECEMBER 13, 2023

Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-December I reviewed home inventory and sales. Low Levels of Delinquencies, Foreclosures and Real Estate Owned Last week, I wrote Q3 Update: Delinquencies, Foreclosures and REO. House Prices The Case-Shiller National Index increased 3.9%

Marketing

Broke Agent Media

JANUARY 16, 2023

Our recent homeowner equity report shows that 93 percent of borrowers in foreclosure today have positive equity, which they appear to be leveraging in order to avoid a foreclosure by refinancing their mortgage or selling the property at a profit. Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS).

Banks

Realty Biz

JULY 19, 2022

This article might be premature because across most of the country home sales continue happening rapidly. However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. The REO sales process is much the same as any traditional sales process.

Purchase and sale agreement

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale?

Banks

HomeLight

JUNE 28, 2021

Buying a HUD home isn’t like traditional home sales. John Collinge , a multi-year top-producer awardee and 11-year top-selling real estate agent out of Anchorage, Alaska, suggests all HUD homebuyers have a cash reserve. Once a home is listed for sale it’s given a specific window during which bid submissions are accepted.

Pre-approval

HomeLight

SEPTEMBER 1, 2020

If the homeowner fails to catch up on their payments by the auction date, the home is auctioned for sale. The home is now bank-owned (sometimes also called REO, or “real estate owned”). First, it’s worth noting that the term “bank-owned foreclosure” is a bit of a misnomer. Here’s what you’ll be getting into.

Banks

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 You can save money by doing some of the work yourself, of course.

House Flipping

Lab Coat Agents

JANUARY 10, 2022

However, there are many ways to invest in real estate. Overall, it means that you invest in real estate either through equity (owning the property) or debt (borrowing money) (loaning the funds to buy the property). Anyone with the willingness and a small amount of money to invest can invest in real estate.

Debt-to-income ratio

Housing Wire

FEBRUARY 7, 2022

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’” Instead, investors bought the run-down properties in bulk sales.

Equity

HomeLight

AUGUST 31, 2021

They’ll put the house up for auction either in a sheriff’s or public trustee sale (the name depends on what foreclosure process your state follows). Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. Short sale.

Pre-approval

The Close

DECEMBER 29, 2022

And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. Comparable sales (comps). ” A. Balloon mortgage. Certificate of eligibility.

Purchase and sale agreement

Housing Wire

FEBRUARY 5, 2025

Foreclosure activity has declined significantly since the housing crisis of the late 2000s, and distressed home marketplace Auction.com reported this week that it expects the number of foreclosure-auction sales in 2025 to drop to the second-lowest total on record. Auction.com also calculated two other potential paths for auction sales.

Sales