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%

Equity

Housing Wire

DECEMBER 21, 2022

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. Plus, available housing inventory remains near historic lows.”

Sales

Keeping Current Matters

AUGUST 11, 2021

Here’s the methodology for each data point of the table below: Mortgage Amount : Take the median sales price at the end of the second quarter of each year as reported by the Fed and assume that the buyer made a 10% down payment. P&I : Use a mortgage calculator to determine the monthly principal and interest on the loan.

Short sale

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

Calculated Risk Real Estate

SEPTEMBER 8, 2023

Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). 1 (sometimes called the Flow of Funds report) released today.

Closing

Calculated Risk Real Estate

DECEMBER 12, 2024

Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). 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

JUNE 8, 2023

Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). 1 (sometimes called the Flow of Funds report) released today.

Closing

Calculated Risk Real Estate

MARCH 7, 2024

There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q4. Note the almost 7 years of declining mortgage debt as distressed sales (foreclosures and short sales) wiped out a significant amount of debt.

Closing

Realty Biz

MARCH 16, 2023

ML: I’m a subject matter expert on foreclosures, short sales, technology and social media, and then I am a full time instructor in the State of Illinois, dealing with license law, pre-licensing, that sort of thing. We recently sat down with Marki to discuss her real estate career past and present.

Short sale

Calculated Risk Real Estate

DECEMBER 7, 2023

Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). 1 (sometimes called the Flow of Funds report) released today.

Closing

Calculated Risk Real Estate

SEPTEMBER 12, 2024

Note the almost 7 years of declining mortgage debt as distressed sales (foreclosures and short sales) wiped out a significant amount of debt. Quarterly Increase in Mortgage Debt Here is the quarterly increase in mortgage debt from the Federal Reserve’s Financial Accounts of the United States - Z.1

Closing

Calculated Risk Real Estate

JUNE 7, 2024

Note the almost 7 years of declining mortgage debt as distressed sales (foreclosures and short sales) wiped out a significant amount of debt. Quarterly Increase in Mortgage Debt Here is the quarterly increase in mortgage debt from the Federal Reserve’s Financial Accounts of the United States - Z.1

Closing

Realty Biz

FEBRUARY 5, 2022

He is a license real estate broker in Florida; a qualifying broker in Alabama and Georgia and is a principal broker in Tennessee. They analyze information, are actively and visibly involved in events and programming, and promote South Florida worldwide. Dweck is the founder and broker of Southeast Regional Realty Corp.

Residential

HomeLight

MAY 27, 2021

The principal and interest portion of your mortgage payment will never change (although the amount you pay into escrow for taxes and insurance can change). The Loan Estimate includes: Loan terms : The estimate outlines the amount of the mortgage, the interest rate you’ll pay, and the monthly principal and interest.

Loans

Marco Santarelli

JULY 11, 2022

per month in principal and interest for every $100k you borrow. The sale of properties valued between $750,000 and $1,000,000 increased by 26%. Sales of properties valued at over $1 million increased by 22% annually. Single-family home sales declined to a seasonally adjusted annual rate of 4.80 That’s an extra $7.56

Sales

The Close

SEPTEMBER 4, 2020

Louis Adler, Principal & Co-founder of REAL New York. Started as a regular sale that turned into a short sale which of course I’ve never done. At the end of the day you have to build it. If you build it, they will come.”. Talk Up How Many Eager Buyers You Have. What a memorable first listing it was!

Agents

HomeLight

OCTOBER 30, 2020

Look at your most recent foreclosure communications from the bank to determine what’s owed, including all outstanding principal and interest, and subtract it from your estimated sale price. 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

DECEMBER 1, 2021

of the loan amount, although no closing cost options exist (that is, they’ll be lumped in with your principal or you’ll pay a higher rate). Short sale: selling when you owe more than your home is worth. That is, unless your lender agrees to a short sale with a deficiency waiver.

Purchase and sale agreement

HomeLight

JULY 25, 2022

Choose a short sale: If you’re behind on your mortgage payments or owe more than the home’s current value, you may want to think about a short sale as a way to avoid foreclosure. That can include a short sale, foreclosure, deed in lieu of foreclosure, or loan modification.

Closing costs

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. The two-year requirement doesn’t have to be continuous.

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. So, that’s where the tenant is paying down your principal at a much higher rate. I started in D.C., and right afterward, right after I started, it started to go downhill. Lisa: Love that.

Marketing

The Close

DECEMBER 29, 2022

How else would you and your clients understand how much is being paid in principal and interest over the years? This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Original principal balance. Generally the payments are scheduled monthly over a period of 15 or 30 years.

Purchase and sale agreement