McKissock

APRIL 30, 2021

As a real estate appraiser, whether you’re considering the current terms of sale or analyzing previous sales of the subject property or comparable sales, it is imperative to know whether a sale is an arms-length transaction or a different type of sale. Short sale. Court ordered sale.

Sales 88

Sales Short sale Real-estate owned Title 88

Housing Wire

APRIL 8, 2021

billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender. 36,000 Surplus per Sale.

Equity 415

Equity Short sale MLS Sales 415

Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. It can also factor in the effects of local events like foreclosures and recent sales.

Technology 408

Technology Mortgages Commercial Inspection 408

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?

Short sale 95

Short sale Sales Banks Inspection 95

Housing Wire

NOVEMBER 28, 2023

An abundance of housing supply will diminish home prices while a shortage of homes available for sale will escalate prices. Currently, more than 80% of the mortgage market is government-controlled, which means in the next down cycle there will be many more homes owned by the government.

Land 396

Land Construction Real-estate owned Equity 396

Calculated Risk Real Estate

DECEMBER 13, 2023

Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-December I reviewed home inventory and sales. Historically it takes a number of years for real prices to return to the previous peak, see House Prices: 7 Years in Purgatory. YoY and mortgage rates at 7.09%, would be $2,792 - an increase of 13%.

Marketing 107

Marketing Principal Mortgages Real-estate owned 107

Realtor.com

JANUARY 29, 2023

When a homeowner doesn’t pay their mortgage for an extended period of time, a lender will take possession of the home—which means the current owner must move out. Foreclosure is a scary word and it’s become a real concern for homeowners as the economy continues to fluctuate. KLH49/iStock What is a foreclosure?

Banks 104

Banks Loans Mortgages Real-estate owned 104

HomeLight

MAY 17, 2022

Generally, lenders will take much less than top dollar for a foreclosure, which is good news for anyone looking to score a deal on real estate. Before you get started down the road toward buying a foreclosure, it’s good to know the different types of sales that you might encounter. Real-estate owned (REO) homes.

Inspection 99

Inspection Banks Short sale Title 99

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. If a homeowner chooses to sell the property to avoid actual foreclosure they are usually ready to negotiate on the sale price of the home. Short Sales . Jordan Matin, Portland Homes for Sale.

Short sale 116

Short sale Pre-approval Banks Loans 116

Realty Biz

JULY 19, 2022

This article might be premature because across most of the country home sales continue happening rapidly. However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. The REO sales process is much the same as any traditional sales process.

Purchase and sale agreement 101

Purchase and sale agreement Short sale Loans Inspection 101

HomeLight

AUGUST 31, 2021

We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties. A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. Short sale.

Pre-approval 103

Pre-approval Short sale Banks Finance 103

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. And the proceeds for any sales go to the U.S. Use the MLS.

Agents 87

Agents Banks MLS Title 87

HomeLight

SEPTEMBER 30, 2021

Preforeclosure: The lender sends a notice of default to inform the owner that they must get up to date on their mortgage payments within a certain timeframe — or they will face foreclosure. REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it.

Banks 109

Banks Inspection Equity Investor 109

Real Trends

JANUARY 25, 2023

After a record-setting year in 2021, when homes sold within hours of being listed, the market cooled drastically in 2022 as mortgage rates rose. It can be difficult to predict what’s next in real estate, but one of the best ways real estate agents can protect themselves from dramatic fluctuations in the market is to find a niche.

Homeowner’s association 75

Homeowner’s association Finance Agents Short sale 75

Broke Agent Media

JANUARY 16, 2023

It seems clear that government and mortgage industry efforts during the pandemic, coupled with a strong economy, have helped prevent millions of unnecessary foreclosures. Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS). Real Estate Owned or REO properties (foreclosed on and repossessed by a bank).

Banks 98

Banks Equity Real-estate owned Sales 98

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Active contingent. Amortization.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

Real Trends

MARCH 7, 2022

Politicians have called for boycotts of Russian oil, and some have even called for seizure of American real estate owned by Russian oligarchs. Residential Real Estate Report found that between April 2015 and March 2021, foreign buyers accounted for 1.8% existing home sales purchases and Russians made up 0.8%

Marketing 84

Marketing Residential Real-estate owned Finance 84

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of the mortgaged property and selling it. KEY TAKEAWAYS Foreclosure is a legal process that allows lenders to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property.

Pre-approval 59

Pre-approval Banks Loans Mortgages 59

Point2Homes

JUNE 23, 2021

Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank. Yet, the addendum can also specify that the sale must be closed by a set date. What Is an REO Property? Are REOs Worth It?

Pre-approval 71

Pre-approval Banks Title search Inspection 71

McKissock

NOVEMBER 13, 2020

If a mortgage lender acquires the title to a property as the result of a foreclosure, the property is called an “REO” property, which is short for “Real Estate Owned.” However, inspecting these types of properties can be dangerous.

Inspection 88

Inspection Short sale Title Real-estate owned 88

HomeLight

AUGUST 31, 2020

Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. The reality is, there are a variety of substantial pros and cons that any would-be buyer should weigh seriously before purchasing a bank-owned property.

Banks 97

Banks Inspection Inspection contingency Title 97

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale?

Banks 103

Banks Pre-qualification Investor Short sale 103

Easy Agent Pro

DECEMBER 29, 2020

Economists are, for the most part, predicting a red-hot year for real estate in 2021. homeowners will be on the hook for delinquent payments when mortgage forbearance ends,” according to Daryl Fairweather, chief economist of Redfin. It starts when mortgage payments go unpaid. This comes as “More than 3.3 million U.S.

FHA loan 83

FHA loan Agents Loans Sales 83

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

Pre-approval 99

Pre-approval Pre-qualification FHA loan Inspection 99

HomeLight

SEPTEMBER 1, 2020

When a homeowner stops making mortgage payments , eventually the bank will foreclose on their house, and the property will become bank-owned. The steps in between the first missed mortgage payment and a bank-owned foreclosure follow a pattern like this: The homeowner fails to make at least three consecutive months of mortgage payments.

Banks 86

Banks Inspection contingency Inspection FHA loan 86

HomeLight

SEPTEMBER 30, 2020

John Durham is a successful real estate agent in Henry County, Georgia, and has purchased homes at auction for 16 out of 20 years of his career as a real estate agent. The purpose of the foreclosure auction is to recoup money for missed mortgage payments or tax liens. In small towns, they have their own newspaper.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

Marco Santarelli

MARCH 15, 2021

Philadelphia has been one of the hottest real estate markets in the country in 2020 and its market temperature remains sizzling hot. It means that the demand from buyers is exceeding the current supply of homes for sale. Townhome unit sales volume (2,095) rose 22%. Philadelphia Home Sales. Source: Brightmls.com.

Marketing 126

Marketing Investor Sales As-is 126

Marco Santarelli

MARCH 24, 2021

Continuing the Charlotte-area housing market's hot streak, home sales and the median price paid for those homes rise in February. Low mortgage interest rates, high demand and a shortage of homes continue to fuel the Charlotte real estate market and drive prices higher. The median sale price was $312K.

Marketing 119

Marketing Purchase and sale agreement Investor Sales 119

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. FHA 203K Mortgage : This option allows homeowners to finance up to $35,000 in repairs identified by an FHA home appraiser or inspector. Money was cheap but it’s not cheap anymore.”

House Flipping 95

House Flipping Renovation Investor Finance 95

HomeLight

MARCH 30, 2022

As a starting point, get a near-instant real estate house price estimate from HomeLight for free. We’ll consider the records of recently sold homes in the area, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Get Estimate. Work relocation. In 2021, 32.5%

Pre-approval 106

Pre-approval Agents Closing MLS 106

Marco Santarelli

APRIL 29, 2021

We will discuss the latest San Jose real estate market trends. A lack of homes for sale is pushing prices up, so potential buyers are facing an affordability crunch. The median sale price was $1.2M. Sale-to-List Price Ratio was 104.93%, which shows that buyers are bidding up asking prices. year-over-year.

Marketing 126

Marketing Investor Residential Sales 126

Lab Coat Agents

JANUARY 10, 2022

Anyone with the willingness and a small amount of money to invest can invest in real estate. You’ll need a down payment if you wish to invest in tangible real estate (owning the property). When you acquire and hold real estate, the rent will provide you with a monthly income flow.

Debt-to-income ratio 59

Debt-to-income ratio Investor Renovation Equity 59

The Close

MARCH 15, 2022

Real estate speculation is at an all-time high. However, unlike in 2008, this time it’s not from unqualified buyers who are buying property with subprime mortgages. Short sales and foreclosures quickly became the norm. Institutional Investors Are Changing the Market. I was fortunate. Does this sound familiar?

Agents 97

Agents Investor Banks Land 97