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

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?

Pre-approval

Redfin

JANUARY 28, 2025

However, theres a catch: the buyer must still qualify for the loan under the FHA’s guidelines, and any difference between the loan balance and the homes purchase price (the seller’s equity) must be covered, either through cash or secondary financing. Can I assume an FHA loan if the property is a foreclosure or short sale?

FHA loan

Redfin

JULY 21, 2025

Potential for equity growth: Renovating a fixer-upper can boost home value over time. Buying at a low price, making smart updates, and selling at the right time can result in a profitable investment. Real estate auctions are another way to find fixer-upper homes for sale.

Renovation

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

Marco Santarelli

APRIL 27, 2025

You control your equity 100% from day one. ” Distressed sales (foreclosures and short sales) were still very low at 3% in March 2025. Instant Equity & Wealth: Owning outright means you have 100% equity immediately.

Finance

Redfin

JUNE 23, 2025

The sale proceeds can be used to pay off the loan, and any remaining equity will be distributed to the estate or heirs. Sell the home in a short sale (with lender approval). Sell the home Selling the property is often the easiest path, especially if you don’t want the responsibility of a mortgage or upkeep.

Mortgages

Housing Wire

FEBRUARY 5, 2025

However, with low inventory and high interest rates in recent years, many more house hunters are looking for a lower-priced property that they can improve with some love and sweat equity. This niche attracts buyers willing to compromise a bit on their dream home aesthetics to break into the market.

Commercial

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. billion in surplus funds over the last five years — an average of more than $36,000 per sale.

Equity

Housing Wire

OCTOBER 1, 2021

Despite record-high home prices, home equity may not save some borrowers in forbearance from foreclosure, according to a Black Knight ’s report published Monday. Since 2010, around 10% of borrowers with more than 120 days in delinquency were referred to foreclosure, regardless of their equity.

Equity

Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. More than 1.7

Sales

Housing Wire

SEPTEMBER 9, 2020

Not only could millions of families potentially lose their home, through a short sale or foreclosure, but this also could create downward pressure on home prices – and consequently home equity – as distressed sales are pushed back into the for-sale market,” the report said.

Short sale

Housing Wire

JULY 30, 2024

Another 365 complaints were related to home equity lines of credit (HELOCs), while only 74 complaints were attributed to reverse mortgages. More than 3,000 of the complaints in Q2 were attributed to conventional mortgages, while Federal Housing Administration (FHA) mortgages yielded 847 complaints and U.S.

Mortgages

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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