Keeping Current Matters

NOVEMBER 4, 2021

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. Most of the mortgages in forbearance have enough equity to sell their homes. million homeowners currently in forbearance, 93% have at least 10% equity in their homes. After the last housing crash, about 9.3

Short sale 322

Short sale Equity Sales Banks 322

Keeping Current Matters

JULY 28, 2021

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. Most of the 1.86M in forbearance have enough equity to sell their home. million homeowners currently in forbearance, 87% have at least 10% equity in their homes. Here are four reasons why that won’t happen.

Short sale 310

Short sale Equity Principal Sales 310

Housing Wire

OCTOBER 17, 2023

“Our goal is to help you avoid a foreclosure sale while protecting your credit score and preserving your equity.” In its first paragraph, the CFPB blog post encourages mortgage servicers to provide distressed homeowners with a nudge toward a pre-foreclosure sale.

MLS 410

MLS Short sale Equity Banks 410

Housing Wire

JANUARY 10, 2022

Today homeowners have a record amount of home equity wealth, and refinance originations will likely have a much larger cash-out share in 2022 than last year. However, higher mortgage rates will reduce refinance originations this year, perhaps by 50% or more from last year, and alter its composition. 2022 should be a strong year for housing.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Keeping Current Matters

JANUARY 13, 2021

However, today’s situation is different than the 2006-2008 housing crisis as many homeowners have tremendous amounts of equity in their homes. With enough equity, a homeowner has the option of selling their home, or tapping into their equity through a refinance, to help weather the economic shock. What are the experts saying?

Equity 309

Equity Short sale Principal Loans 309

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. Then, after all that, the great financial crisis happened.

Short sale 530

Short sale Mortgages Equity Sales 530

HomeLight

DECEMBER 11, 2024

Know the difference between preforeclosure and short sale At first glance, there may seem to be parallels between a home in preforeclosure and a short sale property, but the two are very different. The nature of a short sale is that the homeowner owes more than what the home is worth.

Short sale 97

Short sale Banks Land Sales 97

Keeping Current Matters

SEPTEMBER 8, 2021

Short sale. But before you go down any of those paths, it’s worth seeing if you have enough equity in your home to sell it and protect your investment. Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. Loan modification. Deed-in-lieu of foreclosure.

Equity 273

Equity Short sale Loans Sales 273

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.

Marketing 491

Marketing Equity Mortgages Short sale 491

Housing Wire

JUNE 22, 2021

In fact, calculating mark-to-market CLTVs of homeowners in some form of mortgage postponement through February 2021, Black Knight estimated that 96% have at least 10% equity in their homes. For others, it should be adequate for properly selling through traditional real estate channels to avoid a default or short sale.

Short sale 397

Short sale Loans Equity Mortgages 397

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 97

Short sale Sales Pre-approval Pre-qualification 97

Housing Wire

JUNE 18, 2024

The actions were taken against Pittsford, New York-based Sutherland Global and Landover, Maryland-based NOVAD Management Consulting , which together formed a Home Equity Conversion Mortgage (HECM) servicing operation on behalf of the U.S. Department of Housing and Urban Development (HUD).

Loans 421

Loans Short sale Mortgages Equity 421

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 98

Short sale Sales Pre-approval Banks 98

Housing Wire

OCTOBER 31, 2022

After the housing bubble crashed, a lot of household debt got deleveraged through foreclosures, short sales and bankruptcies. Homeowners look great with their nested equity positions; with price gains over the last several years homeowners now have a lot of equity built in.

Bankruptcy 517

Bankruptcy Lending Equity Mortgages 517

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

Short sale 98

Short sale Closing costs Closing Sales 98

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 299

Equity Banks Closing costs Loans 299

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 105

Short sale As-is Purchase and sale agreement Sales 105

Keeping Current Matters

MARCH 10, 2021

Looking back at the bubble years, house prices exceeded house-buying power in 2006, but today house-buying power is nearly twice as high as the median sale price nationally.”. People are equity rich, not tapped out. Many immediately withdrew their equity once it built up, and they learned their lesson in the process.

Equity 321

Equity New Construction Construction Short sale 321

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 101

Short sale Sales Banks Backup offer 101

Housing Wire

JULY 1, 2021

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. Hubzu for Signature Seller Assisted Sale (SSAS), standard short sale, foreclosure and ultimately REO management and sales) that can perform well, no matter the volume.

Short sale 247

Short sale FHA loan Equity Sales 247

Calculated Risk Real Estate

JUNE 12, 2025

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 $2.78

Closing 66

Closing Short sale Equity Principal 66

Housing Wire

DECEMBER 21, 2022

Without significant credit stress in the system, we can’t ever assume we will see inventory scale spikes where sellers will not be able to buy homes because of a foreclosure or short sale. We can believe in a forced equity seller premise, where someone loses their job and needs to sell their home to gain access to money.

Sales 528

Sales Mortgages Short sale Principal 528

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?

Equity 35

Equity Loans Seller concession Short sale 35

Calculated Risk Real Estate

MARCH 13, 2025

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. million homes or 2% of all mortgaged properties.

Closing 59

Closing Equity Short sale Principal 59

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.

Short sale 80

Short sale Sales Pre-approval Closing costs 80

Housing Wire

DECEMBER 8, 2021

This idea is that American citizens who are financially sound, have great cash flow, a vast amount of nested equity built-in, and live in a nice home will all of a sudden sell their homes at a major discount to the market bid in an attempt to get out at any cost. Recently, I have noticed a few people bring up the notion of panic selling.

Bankruptcy 520

Bankruptcy Loans Sales Short sale 520

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

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 130

Closing Equity Short sale Principal 130

Calculated Risk Real Estate

DECEMBER 12, 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. trillion in the third quarter of 2024.

Closing 104

Closing Equity Short sale Principal 104

Lab Coat Agents

APRIL 21, 2025

This can lead to win-win solutions like short sales or creative financing options. Another powerful feature, PropStreams Upside Down Lead List , pinpoints properties with negative equity. This means the homeowner owes more on the mortgage than the home is worth.

Agents 83

Agents Short sale Finance New Construction 83

HomeLight

OCTOBER 30, 2023

Request an instant home value estimate to for a ballpark estimation of how much equity you have before selling a house with a mortgage. Stay in your house to build equity with a loan modification or forbearance. Stay in your house to build equity with a loan modification or forbearance. Arrange a short sale with your lender.

Short sale 116

Short sale Equity Loans Mortgages 116

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 59

Equity Short sale Investor Title 59

Calculated Risk Real Estate

JUNE 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 95

Closing Equity Short sale Principal 95

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. According to the Federal Reserve, foreclosures during a time of high unemployment could depress prices, plunging homeowners across the country deeper into negative equity. in December 2019.

Marketing 131

Marketing Equity Lending Short sale 131

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 84

Short sale Equity Loans Mortgages 84

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 102

Short sale Loans Equity Mortgages 102

Realty Biz

JULY 25, 2022

These kinds of properties include condemned houses, hoarder homes, and short sales. Short Sales Require Patience and Due Diligence. The last type of property that requires a different level of understanding is a short sale. Not every homeowner is eligible to do a short sale.

Due diligence 100

Due diligence Short sale Sales Inspection 100