Remove Loans Remove Principal Remove Renovation Remove Short sale
article thumbnail

Banks report rise in mortgage delinquencies

Housing Wire

Home forfeiture actions, including completed foreclosure sales, short sales, and deed in-lieu-of- foreclosure actions also grew by 26.8% Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? of the loans modified included a principal deferral, the OCC said.

Banks 382
article thumbnail

Selling Your House at a Loss: Consider These Options When Your Home Turns into a Financial Burden

HomeLight

We also connected with HomeLight Home Loans Mortgage Sales Leader Richie Helali, who offered an insider’s look at mortgage options that could help you hold on to your home — or let it go without falling into foreclosure. Maybe the real estate market took a dive and you went overboard on past home renovations.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Can I Sell a Home After Owning It 2 Years? Here Are 8 Things to Consider

HomeLight

Age does not necessarily detract from your home’s worth, as long as quality materials and building practices were used and the home has been renovated or at least properly maintained. It also does not have to be the two years immediately preceding the sale. of the loan amount. Fix things. Expect them to run 1% to 1.5%

article thumbnail

Can I Sell a Home After Owning It 1 Year?

HomeLight

Age does not necessarily detract from your home’s worth, as long as quality materials and building practices were used and the home has been renovated or at least properly maintained. Like any investment, you don’t get profit if you hold it a short time.”. of the loan amount. Fix things. Expect them to run 1% to 1.5%

article thumbnail

Five Ways to Take Advantage of A Market Reset and Grow Your Business

HomeLight

And by the time I moved back to LA, we were really in the throes of foreclosures and short sales, so it was a different time completely. So the buyer is going to expect the most out of their purchase, whether it comes to renovations, presentation, or even pricing strategy. I started in D.C., So, you wait. And that’s okay.