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What happens with mortgages if there’s a recession?

Real Estate News

Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures next year.

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How Long Does a Short Sale Take? What to Expect When You’re Buying Short

HomeLight

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.

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Hit Them With Your Best Shot: How Much to Offer on a Short Sale

HomeLight

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

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How a transparent marketplace provides a proven path to benefit homeowners

Housing Wire

One prominent scheme involved unlicensed “short sale facilitators” charging upfront fees to distressed homeowners and often representing “straw buyers” with lowball offers. An ideal scenario would be for all properties to land within the Auction.com platform, then I could cover more counties on foreclosure day, with far less labor!”

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Will the Current Boom Housing Market Crash Dive or Crash Land?

Realty Biz

For many, the only real question is whether the coming crash will be a nose dive or a soft gearless landing. We have to look back to the time nine million families lost their homes to foreclosure or short sale. The post Will the Current Boom Housing Market Crash Dive or Crash Land?

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Real estate tech roundup: Hubzu and Brookfield Residential

Housing Wire

Hubzu is an end-to-end asset management platform for residential foreclosure, short sale, REO, deed in lieu, CWCOT and retail property auctions. million bids and the sale of more than 225,000 homes. The app offers potential buyers tools to find, research and bid on homes via a competitive auction format. and Denver markets.

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The 2023 Housing Market: A Look Ahead

Housing Wire

Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . The “soft landing” in which unemployment stays below 5 percent while inflation corrects is now looking increasingly likely but a great deal of uncertainty remains. .

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