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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. More than 1.7

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Existing home sales continue to decline in 2023

Housing Wire

“This is the lowest level of home sales activity since May 2020 when the COVID-19 pandemic had shut down much of the economy,” Lisa Sturtevant, the Bright MLS chief economist said in a statement. Before that, you have to go back to October 2010 to find total sales this low.” Despite this industry analysts remain optimistic.

Sales 340
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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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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. However, as those forbearances end toward the later part of 2021, foreclosures will likely become more readily available and may even hit the market in droves, says Florida real estate agent Christina Griffin , who has 20 years of experience in the industry.

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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.

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What’s New in Appraisal Membership: March 2021

McKissock

This job aid provides guidance on how to analyze and report data downloaded from MLS or another data source through the use of PivotTables. This job aid defines and explains the most common types of sale transactions used in residential appraisals completed for lending purposes, including REO sales , short sales, court-ordered sales, etc.