HomeLight

AUGUST 16, 2021

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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Short sale Sales Purchase and sale agreement Banks 104

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?

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Short sale Sales Pre-approval Principal 52

Dwell Real Estate

AUGUST 20, 2021

In Sarasota’s real estate market today short sales are nearly unavoidable. I talk with buyers every day and many of them have questions about how short sales work, how they are different than regular sales, etc. They do this based on what they believe is the actual market value of the property.

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Short sale Sales Pre-approval Banks 52

HomeLight

AUGUST 31, 2020

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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Short sale Sales Banks Inspection 91

Housing Wire

FEBRUARY 1, 2021

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.

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Sales Pre-approval Short sale MLS 373

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?

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Short sale Sales Banks Backup offer 75

Housing Wire

JUNE 8, 2022

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

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Short sale MLS Banks Loans 332

Housing Wire

NOVEMBER 3, 2023

homegenius Real Estate understands the need to deliver differentiated value in a very congested market. The homegenius Home Price Index combines market information, valuation data and advanced machine learning techniques to analyze home price data and identify trends for regions, towns and neighborhoods. Explore possible cost savings.

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Closing costs Short sale Technology New Construction 357

HomeLight

OCTOBER 5, 2020

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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Short sale Sales Banks Due diligence 66

Housing Wire

JUNE 22, 2021

Fannie Mae and Freddie Mac loans once again made up the smallest share at 2.05% ? while Ginnie Mae loans in forbearance fell 7 basis points to 5.15%. The percentage of loans in forbearance for depository servicers also dropped 3 basis points to 4.16%. resulted in a loan deferral/partial claim. Another 24.1%

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Short sale Loans Equity Mortgages 391

RIS Media

APRIL 21, 2022

The total number of loans currently in forbearance decreased by 13 basis points in the past month from 1.18% of servicers’ portfolio volume to 1.05%, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. million loans), according to the MBA. million loans), according to the MBA.

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Loans Mortgages Staging Short sale 108

Housing Wire

APRIL 25, 2023

This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event. As broader economic events have taken center stage since last summer, the market has grown increasingly volatile. To register, go here. In March 2023, it was just 2.2

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Short sale Staging Mortgages Banks 364

Housing Wire

MAY 18, 2022

To take full advantage of the current market conditions, lenders and servicers must obsess over customer service. “Servicers have done a much better job than they did 15 years ago,” said Chopra, speaking at the Mortgage Bankers Association ‘s annual secondary markets conference in New York. Presented by: TMS.

Loans 374

Loans Short sale Mortgages Closing 374

Housing Wire

MAY 9, 2022

housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. housing market is more tied to mortgage buyers. The days on market grow, which gives people more choices and less forced bidding.

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Short sale Mortgages Equity Sales 530

Housing Wire

APRIL 8, 2021

The rising tide of a booming housing market, which has lifted all home price boats, is partially to thank for the steady rise in the share of foreclosure sales with surplus funds over the last five years. 36,000 Surplus per Sale. 36,000 Surplus per Sale.

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Equity Short sale MLS Sales 425

Keeping Current Matters

SEPTEMBER 8, 2021

Investopedia defines it like this: “ Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property. Loan modification. Short sale. housing market.”. Deed-in-lieu of foreclosure. Deed-in-lieu of foreclosure.

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Equity Short sale Loans Sales 207

Housing Wire

APRIL 12, 2021

In today’s market, efficiency is everything and this new integration makes it much easier for lenders using the LendingWise platform to get new deals into their pipeline faster,” said Greg Holmes, Credit Plus CEO and president. The move establishes Credit Plus in the commercial and private money lending spaces. “In Presented by: CoreLogic.

Commercial 231

Commercial Lending Loan Officer Loans 231

Realty Biz

NOVEMBER 14, 2023

The housing market is a dynamic and ever-changing landscape. Corrections in the housing market rank among the key factors that significantly impact this industry. Understanding housing market corrections is essential for investors, policymakers, and homeowners alike. It plays a crucial role in the economic health of a region.

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Due diligence Marketing Investor Finance 106

Housing Wire

MARCH 17, 2021

WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services. ” Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. Presented by: Auction.com.

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Title Short sale Lending Loans 363

Keeping Current Matters

JANUARY 13, 2021

Yanling Mayer, Principal Economist at CoreLogic , recently revealed : “A distributional analysis of forborne loans’ payment status reveals that more than one third (39.1%) of all forborne loans are now 150+ days behind payment, while as many as 1-in-4 (25.5%) are 180+ days past due.”. Though 29.4% Bottom Line.

Equity 232

Equity Short sale Principal Loans 232

Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. Thus, even if loans are in forbearance, if the borrower does not make a payment, the loan is counted as delinquent.

Mortgages 485

Mortgages Loans VA loan Investor 485

Housing Wire

JULY 1, 2021

they may not be able to modify the loan, sell quickly or whatever else and thus end up foreclosed upon). This will be especially true for lower-income households with FHA loans that started with very little equity to begin with due to the low-down payment requirement. All those missed payments and interest need to be paid back.

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Short sale FHA loan Equity Sales 229

Housing Wire

APRIL 5, 2021

To manage a potential wave of foreclosures, the CFPB’s proposed change would permit servicers to offer certain streamlined loan modification options to borrowers with COVID-19-related hardships based on the evaluation of an incomplete application. Pre-foreclosure sales are a promising alternative to foreclosures – here’s why.

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Short sale Loans Mortgages Sales 544

Keeping Current Matters

MAY 26, 2021

Understanding how housing affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down the optimal window of time in which to make a purchase. Those properties were sold at large discounts not seen before in the housing market for almost one hundred years. Bottom Line.

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Short sale Loans Mortgages As-is 258

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. million new and existing home sales combined.

Bankruptcy 519

Bankruptcy Loans Sales Short sale 519

Keeping Current Matters

SEPTEMBER 1, 2020

In essence, purchasing a home while mortgage rates are this low may save you significantly over the life of your home loan. At that time, distressed properties, like foreclosures and short sales, dominated the market. That’s a drastically different environment than what we have in the housing market now.

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Short sale Loans Mortgages Closing 266

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. A total of 79% of borrowers in forbearance exited the plan by reperforming on their mortgage, paying off the loan, or refinancing for sale.

Equity 265

Equity Short sale Loans Mortgages 265

Realty Biz

JULY 19, 2022

Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. The seller has options as long as the house is worth more than the outstanding loan. The primary option when a house is worth less than the loan is a short sale.

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Purchase and sale agreement Short sale Loans Inspection 109

Keeping Current Matters

DECEMBER 2, 2020

Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. That’s exactly what’s happening in the real estate market right now. Buying a home today is just a little less affordable than it was last year, but still very affordable compared to historical housing market trends. Bottom Line.

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Fixed-rate mortgage Short sale Loans Mortgages 268

RIS Media

MARCH 25, 2021

With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash? The unforeseen housing market crash 15 years ago ignited a worldwide recession.

Marketing 130

Marketing Equity Lending Short sale 130

Realty Biz

JANUARY 19, 2023

Winding up with Negative Equity With the change in the market, housing prices fall and rise. If you are spending more on a property than it is worth, your loan balance can exceed the home's overall value. One such option on the table is a short sale. This won't damage your credit the way a short sale can.

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Short sale Equity Loans Mortgages 96

Housing Wire

DECEMBER 27, 2021

Another factor is that leading market-share brokerage ?rms There has been an explosion of companies offering financing solutions such as bridge loans, iBuying and more. These companies have come up with innovative marketing and new delivery methods. Why is this happening? Segmentation in the industry.

Brokerage 366

Brokerage Finance Short sale Agents 366

Housing Wire

AUGUST 31, 2020

The system also offers loss mitigation, modifications, short sales and repayment tracking functionality. Extraordinary value: Mortgage Servicer is a full servicing system, from loan boarding to payoff and secondary marketing. They won’t lose valuable production time waiting for someone to return calls or answer emails.

Mortgages 225

Mortgages Investor Short sale Loans 225

Realty Biz

FEBRUARY 12, 2023

We talked to licensed real estate broker Christina Prostano , founder and principal agent of CP Global, who has been working the Manhattan and Brooklyn real estate markets in New York City since 2005. 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.

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Short sale Banks Staging Principal 129

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9

Bankruptcy 384

Bankruptcy Days on market Sales Short sale 384

Realty Biz

AUGUST 6, 2021

Let’s not lose sight of the fact that it was a housing market crash 13 years ago that set off a worldwide recession. Not that we are on the verge of another Great Recession, but we must be aware of the ongoing signals of distress in the real estate market if another meltdown is to be avoided. What We Learned From the Great Recession.

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Short sale Loans Equity Mortgages 104

Realty Biz

JANUARY 1, 2021

A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. Short Sales . A short sale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. Jordan Matin, Portland Homes for Sale.

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Short sale Pre-approval Banks Loans 117