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?

Short sale

The Residential Specialist

DECEMBER 21, 2022

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

Short sale

HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. We include advice from an agent who has worked with hundreds of new buyers, descriptions of different loans, and information about the many kinds of paperwork you’ll deal with. Source: (Matthew Henry / Burst).

Loans

Calculated Risk Real Estate

JUNE 8, 2023

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so negative MEW suggests that normal principal payments were greater than equity borrowing in Q1. 1 (sometimes called the Flow of Funds report) released today.

Closing

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.

Short sale

Calculated Risk Real Estate

MARCH 7, 2024

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q4. 1 (sometimes called the Flow of Funds report) released today.

Closing

Calculated Risk Real Estate

DECEMBER 7, 2023

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q3. 1 (sometimes called the Flow of Funds report) released today.

Closing

Calculated Risk Real Estate

SEPTEMBER 12, 2024

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. Note the almost 7 years of declining mortgage debt as distressed sales (foreclosures and short sales) wiped out a significant amount of debt.

Closing

Calculated Risk Real Estate

JUNE 7, 2024

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. Note the almost 7 years of declining mortgage debt as distressed sales (foreclosures and short sales) wiped out a significant amount of debt.

Closing

Marco Santarelli

JULY 11, 2022

It happened faster than many predicted, with rates on 30-year fixed loans breaking through 5 percent in April to the highest level in more than a decade. As of July 11, 2022, interest rates jumped for all types of loans compared to a week ago. per month in principal and interest for every $100k you borrow. That’s an extra $7.56

Sales

HomeLight

DECEMBER 1, 2021

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. You’re maxed out on second loans and now you owe more than your home’s value. Negotiate a loan modification.

Purchase and sale agreement

HomeLight

OCTOBER 30, 2020

Even some homeowners of higher dollar homes have wound up in foreclosure: “I had one foreclosure where the house was worth over half a million, and it went into foreclosure over a loan of $10,000. If your sale proceeds won’t cut it, the next question is whether you could bring money to the table to cover those costs.

Short sale

HomeLight

JULY 25, 2022

Here are a few of the details: Length of time: You must have used the home you are selling as your principal residence for at least two of the five years prior to the date of sale. It also does not have to be the two years immediately preceding the sale. of the loan amount. Expect them to run 1% to 1.5%

Closing costs

HomeLight

JULY 25, 2022

Like any investment, you don’t get profit if you hold it a short time.”. Here are some of the common concerns you may face: Cost of mortgage interest: At the beginning of your loan, a bigger percentage of your mortgage payment goes toward interest. of the loan amount. Expect them to run 1% to 1.5%

Closing costs

HomeLight

FEBRUARY 13, 2023

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. A 30-year fixed-rate loan, which is what a lot of buyers get, even though that doesn’t always make the most sense, but that feels safe for them. I started in D.C., So, you wait.

Marketing

The Close

DECEMBER 29, 2022

Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan. 4 Loan Questions Worth Asking. Basically, amortization is the preset schedule of mortgage loan payments, including interest, over time.

Purchase and sale agreement