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How online auctions deliver on the promise of pre-foreclosure sales

Housing Wire

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. Falling Short.

Sales 388
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Existing home sales continue to decline in 2023

Housing Wire

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. In January, the seasonally adjusted sales pace for existing homes dropped 0.7% On a yearly basis, existing home sales were down 36.9% On a yearly basis, existing home sales were down 36.9% in January.

Sales 365
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Active Pending Short Sales: What Are They, And Can You Still Make an Offer?

HomeLight

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?

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Find Real Estate Cash Buyers for a Speedy Sale

HomeLight

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Reduce the time it takes to close your sale.

Sales 101
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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

You’re reading through a new MLS listing, and you believe you found your ideal home. 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). Different types of foreclosure sales. Short sale. Pre-foreclosure.

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What is a BPO and When to Use Them?

Realty Biz

Most BPOs also provide information about 3 comparable property sales and 3 comparable listings. The broker will look up the properties on MLS to determine when the properties were recently sold and for how much. One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale.

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Ten Qualities to Look For in Your Real Estate Agent

Windemere Buying

This will equip your agent with everything they need to help find you the perfect home as they explore the Multiple Listing Service (MLS) for available listings. For example, some agents have more experience with short sales, while others might be experts on certain neighborhoods or types of housing.

Agents 75