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

MAY 20, 2022

COVID changed the real estate industry in a big way since it provided many people with an opportunity to work remotely and live almost anywhere. There are many moving pieces to the economic part of the real estate industry that are unpredictable and uncontrollable. Consider a Short Sale.

Short sale

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. As stay-at-home orders were issued early last year, the fear was the pandemic would impact the housing industry in a similar way. After the last housing crash, about 9.3

Short sale

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Short sale

Housing Wire

AUGUST 23, 2021

Per the report, first-time homebuyers accounted for 30% of sales in July, dipping slightly from 31% in June and down from 34% year-over-year, NAR said. The post Fewer first-time homebuyers are competing these days appeared first on HousingWire.

Short sale

Housing Wire

OCTOBER 17, 2023

One prominent scheme involved unlicensed “short sale facilitators” charging upfront fees to distressed homeowners and often representing “straw buyers” with lowball offers. Let’s face it, the auction industry, in general, has utilized online platforms to bring higher bidding on every widget imaginable.

MLS

Housing Wire

JULY 1, 2022

Most industry observers predicted that the national foreclosure rate would rise once foreclosure moratoriums ended on July 31, 2021. Home forfeiture actions, including completed foreclosure sales, short sales, and deed in-lieu-of- foreclosure actions also grew by 26.8% year-over-year to 2,410, the OCC found.

Banks

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. As stay-at-home orders were issued early last year, the overwhelming fear was the pandemic would decimate the housing industry in a similar way. After the last housing crash, about 9.3 2018: 279,040.

Short sale

Housing Wire

NOVEMBER 3, 2023

Not available anywhere else in the industry today, consumers can gather inspiration on social media networks like Pinterest, upload photos of their dream home and homegeniusIQ, homegenius Real Estate’s proprietary technology, will instantly analyze the photos and present homes with similar features.

Closing costs

Housing Wire

SEPTEMBER 28, 2023

A moment of reckoning may be imminent for the default and REO industry. Many in the industry are already rising to meet it. A look at default activity past and present The default industry was thrust into the public view during the Great Recession. The mortgage lending industry exists to make home loans, not to repossess them.

Industrial

Keeping Current Matters

JANUARY 13, 2021

Over the last 30 days, several industry experts have weighed in on this subject. Don Layton, Senior Industry Fellow at the Joint Center for Housing Studies of Harvard University : “With a greater cushion of equity, troubled homeowners have dramatically improved options: a greater ability to access funding (e.g.

Equity

Housing Wire

MAY 31, 2021

As the real estate industry braces for the end of forbearance moratoriums, housing experts are anticipating an increase in foreclosures and REO activity. In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more.

Technology

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

Keeping Current Matters

JUNE 10, 2021

The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. Not all of the $700 billion was used, but the important point is that the government did not act with equal fervor to help flailing homeowners, millions of whom lost their homes to foreclosures and short sales.

Bankruptcy

Housing Wire

FEBRUARY 21, 2023

“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

Housing Wire

DECEMBER 27, 2021

Here are some trends we’re seeing in the real estate brokerage industry. I think it’s a foregone conclusion that leading brokers are going to need to retrain agents on these financing services, much as they did 10 to 12 years ago to deal with distressed inventory and short sales,” Murray said. Segmentation in the industry.

Brokerage

Housing Wire

JUNE 3, 2024

BH: Many in the industry are viewing these changes as an opportunity for firms, brokers and agents to level up and grow. And of course, during those 50 years, we’ve navigated double-digit interest rates, the Great Recession where everyone had to figure out how to do short sales, and we’ve brought education to our agents during those times.

Branding

Housing Wire

JULY 1, 2021

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. TB: First, make sure they are fully staffed and/or building efficiencies internally. Second, ensure they are partnered with great vendors (i.e.,

Short sale

Keeping Current Matters

SEPTEMBER 8, 2021

Short sale. We’ll be able to connect you with other professionals in the industry, like housing counselors who can look into your unique situation and offer advice on next steps if selling isn’t the best alternative. Loan modification. Deed-in-lieu of foreclosure. Understand Your Options: Sell Your House. Bottom Line.

Equity

Housing Wire

MARCH 3, 2022

A growing chorus of mortgage servicers, consultants, and lobbyists support the idea of having forbearance programs as a permanent solution in the industry’s loss mitigation toolkit, rather than only a temporary relief for wide-scale events such as financial crises and pandemics.

Principal

Housing Wire

APRIL 12, 2021

Furthermore, we’re excited to more easily serve this crucial industry which is a major focus of our continued growth.”. Founded in 2006 as The Loan Post, the company pivoted to loan modification, short sales, and nonperforming notes following the 2008 financial crisis. Presented by: CoreLogic.

Commercial

Keeping Current Matters

JANUARY 21, 2021

Economist for JPMorgan Chase : “The good news in today’s report is that outside the hopefully temporary hit to the food service industry, the rest of the labor market appears to be holding in despite the latest public health challenges.”. What impact will this have on the real estate market in 2021?

Marketing

Housing Wire

DECEMBER 13, 2021

David Howard : We are a trade association that represents the single-family rental industry. We are a relatively young organization ( founded in 2014 ), which reflects the fact that the single-family rental industry is relatively young. HW : You say it’s a relatively young industry.

Investor

Housing Wire

OCTOBER 1, 2021

According to the new data, high-equity borrowers are around 40% less likely to lose their homes to involuntary liquidation, such as short sale, foreclosure sale, or deed-in-lieu. The company concluded that it could reduce the risk of foreclosure – and, also, distressed liquidations.

Equity

Housing Wire

AUGUST 31, 2020

The system also offers loss mitigation, modifications, short sales and repayment tracking functionality. Mortgage Servicer supports agency investor reporting, including Fannie Mae, Freddie Mac, Ginnie Mae and Federal Home Loan Bank, as well as other industry standard and private reporting methods.

Mortgages

Housing Wire

SEPTEMBER 16, 2021

Policymakers and industry participants were of one mind in the spring of 2020 when it came to the design of the forbearance program, expressing the importance of it being nearly frictionless to enable servicers to quickly help as many as possible. Exits also were very rapid at both the 3-month and 12-month points.

Mortgages

CT Homes

FEBRUARY 3, 2022

A defining term that emerged shortly after the collapse was the “short sale”. In the years following, short sales were the driving force behind a majority of all total real estate transactions. But what is the short sale process and how does it work? . What is a Short Sale?

Short sale

The Residential Specialist

DECEMBER 21, 2022

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

Short sale

Keeping Current Matters

MARCH 10, 2021

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Home sales and prices were both up substantially over the year before. Instead, real estate had one of its best years ever. This is nothing like the last time.

Equity

Realty Biz

FEBRUARY 12, 2023

Prior to this, “you needed access to special lists, or maybe know someone in the industry,” Christina says. These are often called short sales, and they’re just that - when a lender accepts a shortfall in the amount that is owed on the home. These sales can be slow ,” says Christina, “and you are at the mercy of the bank.

Short sale

Easy Agent Pro

OCTOBER 29, 2020

If you’ve been in the real estate industry for some time, you no doubt recall the Great Recession, when the housing market went sideways. Overnight, real estate agents became “short sale experts” during a time when few even knew what the term meant. His suggestion? Or, you could just DIY it.

Short sale

RIS Media

JANUARY 28, 2022

The brokerage, owned and operated by local industry veterans, Kathleen and Jim Rebhan, specializes in?residential relocation services, property management, corporate homes, REO and short-sale transactions. “We This marks the brand’s 23rd franchised office location in the state, the company said.

Short sale

Broke Agent Media

FEBRUARY 24, 2023

There’s no denying that the past couple of years have been a whirlwind in the real estate industry. Lawsuits Against Real Estate Professionals Sure, lawsuits are no stranger to those who work in the real estate industry. For industry news, edutainment and humor, sign up for the BAM newsletter. We’ve got the details below.

Due diligence

Realty Biz

OCTOBER 4, 2022

Engel & Völkers of East Greenwich announced today that Vickie Pizzarelli has joined its brokerage as a real estate advisor, where she specializes in new construction, residential sales, foreclosures, and short sales. She is a member of the Massachusetts Association of Realtors and the National Association of Realtors.

Brokerage

RIS Media

APRIL 21, 2022

resulted in repayment plans, short sales, deed-in-lieu or other reasons. The takeaway: “March was another month of lower forbearance rates, and a higher share of overall loans and forbearance-related workout loans that are current,” said Marina Walsh, CMB, MBA’s vice president of Industry Analysis. The remaining 1.3%

Loans

RIS Media

APRIL 16, 2022

Johnson has also been named a RISMedia Real Estate Newsmaker in 2020 and 2021 as an Industry Influencer and Thought Leader. Stefan Peterson , is the co-founder and chief data officer for zavvie. He joined RE/MAX in 1987 and has been a broker/owner since 2002. Rose mentors and teaches from experience, not theory.

Short sale

RIS Media

SEPTEMBER 21, 2020

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. Short sale : The sale of a home by an owner who owes more on the home than it’s worth.

Pre-approval