Remove Lending Remove Real-estate owned Remove Staging
article thumbnail

Q4 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

This entire housing cycle I’ve argued that we would NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. This is still historically extremely low.

Equity 98
article thumbnail

Q3 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. REO (Real Estate Owned) is the amount of real estate owned by lenders.

Equity 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Q2 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes. REO (Real Estate Owned) is the amount of real estate owned by lenders.

Equity 72
article thumbnail

How to Buy a Foreclosed Home: The Ultimate Step-by-Step Guide

Redfin

If possible, consult a real estate attorney to be sure you understand the realities of the auction and the transaction rules. Bank-owned properties Bank-owned properties, often called real estate-owned (REO) properties, are owned by the lender.

article thumbnail

San Jose Real Estate Market & Investment Overview

Marco Santarelli

In May 2020, there were 208 properties in San Jose, CA that are in some stage of foreclosure (default, auction or bank-owned) while the number of homes listed for sale on RealtyTrac was 436. According to data compiled by the online lending site Lending Tree, San Jose had the lowest vacancy rate in the entire U.S.

Marketing 126
article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

In a no-cost mortgage, the lending institution pays all of the closing costs in exchange for the borrower paying a higher interest rate. A borrower will pay an origination fee to the lending institution to cover the cost of processing a mortgage loan. How to Get a Real Estate License in 5 Simple Steps. No-cost mortgage.