How to break into the lucrative REO market

Inman

Agent Sponsored Grant Clayton How to break into the lucrative REO market radian Real Estate Owned real estate owned properties reoEven in a busy market, listing agents typically handle only a handful of listings at any one time.

FHFA extends forbearance policies for up to 15 months

Housing Wire

Alongside its forbearance announcement the FHFA also released that the Enterprises are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until March 31, 2021 – one month past the previous deadline set for Feb.

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Biden’s executive order will extend foreclosure moratorium

Housing Wire

On Tuesday, the Federal Housing Finance Agency extended for a fifth time moratoriums on single-family foreclosures and real estate owned evictions for loans backed by Fannie Mae and Freddie Mac until Feb.

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Chopra warns of post-COVID housing market fallout

Housing Wire

It also extended moratoriums on single-family foreclosures and real estate owned evictions through June 30, 2021. Rohit Chopra is laser-focused on helping homeowners who have been hit hard by the COVID-19 pandemic. Student loan debt is in his crosshairs, too.

FHFA extends foreclosure, eviction moratorium to February

Housing Wire

The Federal Housing Finance Agency announced Tuesday that Fannie Mae and Freddie Mac will once again extend moratoriums on single-family foreclosures and real estate owned evictions, this time until Feb.

FHFA extends forbearance period to 18 months

Housing Wire

Alongside its forbearance announcement, the FHFA also said the GSEs will be extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions through June 30, 2021 – three months past the previous deadline set for Mar.

Despite moratoria, foreclosures increase 20% in October

Housing Wire

Bank repossessions on REO homes (real-estate owned) were also up 28% from last month for a total of 2,577 U.S Mortgage Real Estate bank reposessions Default Featured Foreclosure foreclosure moratorium Foreclosure starts Housing Market Property data Rick Sharga

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Borrowers With Fannie Mae, Freddie Mac Mortgages Can Receive Up to 18 Months of Forbearance, Regulator Says

Realtor.com

Beyond extending forbearance, the FHFA also announced that it was extending its moratoriums on single-family foreclosures and real estate owned (REO) evictions until June 30. Real Estate News Coronavirus Fannie Mae Freddie Mac MarketWatch mortgage forbearance

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Increased need for a compliance-driven insurance servicing solution

Housing Wire

These technologies provide online access and real-time reporting to help track insurance, manage claims, provide blanket protection and communicate with consumers to confirm they’re properly insured.

FHFA Extends Foreclosure and REO Eviction Moratoriums

RIS Media

To help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least Jan.

Housing Tech Rundown: Quantarium, Equifax and Ellie Mae

Housing Wire

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.

Fannie Mae Announces Suspension of Foreclosures and Evictions on Single-Family Mortgages Through Year-End

RIS Media

The suspension of evictions applies only to homes owned by Fannie Mae and does not apply to tenants in homes that have not been foreclosed. – Foreclosure-related activities (except as to vacant or abandoned properties) and evictions of occupants from real estate owned by Fannie Mae are suspended until Dec. Homeowners can find out if they have a Fannie Mae-owned mortgage by visiting www.KnowYourOptions.com/loanlookup.

Safety Tips for Appraising REO Properties

McKissock

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.” REO properties pose their own unique set of dangers for appraisers.

Five Types of Forclosure and Tips for Purchasing Each Type

Realty Biz

Bank-Owned Properties. These are referred to as REO or real estate owned. You can, of course, also ask your real estate agent to help you find these types of properties. Pam Knieper, Knieper Team in Granbury Texas Real Estate. US Real Estate

How Do I Find an REO Buyer’s Agent Who Knows Bank-Owned Home Sales?

HomeLight

But then, it went into foreclosure and didn’t sell at auction, so now it’s listed as an REO, or real estate-owned property. A “real estate owned,” or REO, home is one that’s owned by a bank.

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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

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? How a house becomes bank-owned.

Tips on how to get foreclosure listings

Easy Agent Pro

Economists are, for the most part, predicting a red-hot year for real estate in 2021. As in all things real estate-related, location is paramount when deciding whether to spend your limited and valuable time on how to get foreclosure listings.

What Are the Pros and Cons of Buying a Bank-Owned Home?

HomeLight

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. What is a bank-owned home? Why would I consider buying a bank-owned home?

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How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

HomeLight

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. “I’ve In small towns, they have their own newspaper. Want to buy a house?

13 Steps to Buying a Bank-Owned Foreclosure

HomeLight

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is.

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