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.

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Short sale Mortgages Sales Residential 502

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 388

Banks Mortgages Principal Short sale 388

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.

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Short sale Equity Principal Mortgages 264

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.

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Sales MLS Short sale Marketing 363

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 236

Short sale FHA loan Equity Sales 236

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 240

Equity Short sale Principal Loans 240

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 216

Equity Short sale Loans Sales 216

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 367

Principal Loans Lending Finance 367

Housing Wire

APRIL 5, 2021

Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. 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. Presented by: Auction.com. .”

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Short sale Loans Mortgages Sales 544

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 238

Commercial Lending Loan Officer Loans 238

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 237

Bankruptcy Banks Short sale Industrial 237

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.

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Brokerage Finance Short sale Agents 382

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 115

Short sale Banks Staging Principal 115

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 276

Equity Short sale Loans Mortgages 276

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?

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Marketing Short sale Industrial Closing 199

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 98

Due diligence Short sale Agents Industrial 98

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 234

Mortgages Investor Short sale Loans 234

Realty Biz

MARCH 16, 2023

ML: I’m a subject matter expert on foreclosures, short sales, technology and social media, and then I am a full time instructor in the State of Illinois, dealing with license law, pre-licensing, that sort of thing. We recently sat down with Marki to discuss her real estate career past and present.

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Short sale Investor Technology Principal 93

Realty Biz

MAY 9, 2022

Custom Fit Real Estate and its CEO Coltyn Simmons are changing the real estate industry by putting the client first and profits second, always. At one point, he was going to have to do a short sale. The firm specializes in helping home sellers achieve maximum results. Then the pandemic hit. The Outcome.

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Branding Short sale Brokerage Renovation 80

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. The housing industry plays an important role in the economy. So, by lowering mortgage rates during a recession, the federal government hopes to buoy home sales by making it cheaper to borrow mortgages.

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Title search Short sale Title Fixed-rate mortgage 59

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.

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Short sale Land Commercial Equity 85

HomeLight

AUGUST 31, 2021

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. Let’s take a look at the most common foreclosure sales and how they work.

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Pre-approval Short sale Banks Finance 99

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 107

Brokerage Short sale Residential New Construction 107

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.

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Short sale Brokerage Branding Property Management 80

Realty Biz

FEBRUARY 5, 2024

Understanding these factors is crucial for homeowners, investors, and industry professionals to make informed decisions. I remember doing hundreds of short-sale transactions. Luke Skar of Madison Mortgage Guys , who has 21 years of experience in the industry, shared the following with me.

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Investor Technology Mortgages Agents 128

Realty Biz

NOVEMBER 15, 2023

a global industry leader and the most recognized name in real estate*, is strengthening its presence in Southeastern Massachusetts with the affiliation of a local brokerage, Realty Network Associates, Inc. He has accumulated almost 30 years of industry experience. Century 21 Real Estate LLC.,

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Branding Brokerage Short sale Commercial 74

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 106

Loans Mortgages Staging Short sale 106

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 81

Short sale Commercial Land Agents 81

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 261

Equity New Construction Construction Short sale 261

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 493

Mortgages Loans VA loan Investor 493

Real Trends

JULY 3, 2023

With 30 years of real estate experience, Jon Salvador, a Burlington, Iowa-based Century 21 Property Professionals agent, is without a doubt and industry veteran. million in sales volume, good enough for the No. BH: Where had your previously honed these sales skills?

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Agents Industrial Short sale As-is 103

Realty Biz

NOVEMBER 18, 2021

One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale. BPOs are also commonly used by owners, buyers, and investors in these situations: Valuation for a short sale or foreclosure purchase. A homeowner going the route of ‘For Sale By Owner.’ Selling private loans.

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Short sale Inspection Loans Banks 111

Real Trends

JUNE 17, 2022

But they may not realize that education can make them even more productive in the industry, making the hours they put in worth their weight in gold. Real estate courses can educate you in all aspects of the industry including marketing. Helps you understand various aspects of the real estate industry.

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Industrial Short sale Agents Property Management 78

RIS Media

MARCH 21, 2022

We’re looking at what all the experts are saying as far as the upcoming short sale and foreclosure market that’s being predicted. Taking advantage of the training HomeSmart provides in relation to working both short sales and foreclosures is one way we’re preparing our agents.

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Agents Short sale Brokerage Sales 98

HomeLight

DECEMBER 2, 2021

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Your agent will also ensure that all additional legal guidelines required in a short sale are followed.

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Short sale Sales Loans Banks 84

First Team Real Estate

MARCH 15, 2021

Graduated from Cal State Fullerton, her strong financial background helps ensure her clients’ success, no matter what their real estate goals.

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Commercial Sales Closing Short sale 98

RIS Media

MARCH 23, 2022

The decrease of forbearance shows the inverse effect of improving rates for both total borrowers and borrowers in workouts, which rose for the first time since June 2021, according to Marina Walsh, CMB, MBA’s vice president of industry analysis. resulted in repayment plans, short sales, deed-in-lieus or other reasons.

Loans 93

Loans Mortgages Staging Short sale 93