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6 Reasons to Turn Down an Offer on Your Home

American Lifestyle

Buying & Selling Home Selling Offer Real Estate Real Estate Owned Real Estate TipsThe post 6 Reasons to Turn Down an Offer on Your Home appeared first on American Lifestyle Magazine.

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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.

Equity 425
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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.

Loans 427
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FHFA extends foreclosure and eviction moratorium to Jan. 31

Housing Wire

However, the extension also applies to real estate owned (REO) evictions, which are properties that have been acquired by an enterprise through foreclosure or deed-in-lieu of foreclosure transactions.

Finance 418
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FHA unveils 40-year loan modification option

Housing Wire

Alongside of benefitting borrowers, the rule would also reduce losses to FHA’s Mutual Mortgage Insurance Fund as fewer properties would be sold at a loss in foreclosure or out of FHA’s real estate owned inventory, HUD said.

Loans 415
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FHA adds 40-year loan term to COVID-19 arsenal

Housing Wire

In addition to benefitting borrowers, the HUD hopes the rule would reduce losses to FHA’s Mutual Mortgage Insurance Fund as fewer properties would be sold at a loss in foreclosure or out of FHA’s real estate owned inventory.

Loans 403
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FHA, FHFA re-up eviction bans at Biden’s urging

Housing Wire

Departments of Housing and Urban Development , Agriculture , and Veterans Affairs to extend each of their own eviction bans. The same day, more than a dozen real estate trade associations sent a letter to the Senate, the U.S.

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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.

Marketing 418
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Fannie Mae pays $53M to settle recession-era discrimination suit

Housing Wire

After the housing crisis, the GSE’s portfolio of foreclosed, or “Real Estate Owned” properties ballooned. Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity.

Equity 326
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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.

Loans 413
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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

Banks 393
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Industry supports FHA’s 40-year loan term option — with caveats

Housing Wire

Leslie Rouda Smith, president of the NAR, used her own letter to the FHA to explain the trade group has been “concerned” about the pandemic’s impact on the housing market.

Loans 364
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Radian’s Pyramid Platform automates every step of the real estate process

Housing Wire

As the real estate industry braces for the end of forbearance moratoriums, housing experts are anticipating an increase in foreclosures and REO activity. Reduce delays and navigate the real estate closing process with ease.

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FHFA Extends REO Eviction Moratorium

RIS Media

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are extending the eviction moratorium for single-family, real estate-owned (REO) properties until Sept.

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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.

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Foreclosures in 2022: A Historical Perspective

Broke Agent Media

Real Estate Owned or REO properties (foreclosed on and repossessed by a bank). Top takeaways for real estate agents. BAM Key Details: . ATTOM released its Year-End 2022 U.S.

Agents 75
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FHFA Extends Fannie and Freddie REO First Look Period

RIS Media

Industry News National News Fannie Mae FHFA Freddie Mac Real Estate real estate news REO

Finance 62
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Land sales haven’t been this strong in a decade

Real Trends

Year over year, land sales rose 6% in 2021, outperforming the pace of acquisitions of other commercial real estate types. Agent Agents/Brokers Housing Market Real Estate land sales National Association of Realtors

Land 94
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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.

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Cash for Keys: What It Means for Rental Properties

CT Homes

Regardless, evicting problematic tenants is a natural part of ensuring landlords and rental property owners profit from their real estate investments. Vacating Former Homeowners Still Living in a Real Estate Owned Property Post-Foreclosure.

Banks 65
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20 overlooked real estate niches brimming with potential

Real Trends

Casting a wide net in real estate can be a smart strategy. While some niches, such as luxury real estate, draw in a fair amount of competition, lesser-known niches might not. owning horses , this niche might be big depending on your location.

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What Is Foreclosure?

Rent, Buy & Sell

78 Consequences of Foreclosure If a property fails to sell at a foreclosure auction, or if it otherwise never went through one, then lenders—often banks—typically take ownership of the property and may add it to an accumulated portfolio of foreclosed properties, also called real estate owned (REO).

Banks 56
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12 profitable real estate niches to explore now

Real Trends

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.

Finance 79
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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.

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Arm’s Length or Another Type of Sale? The 7 Sale Types Explained

McKissock

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. Estate sale.

Sales 76
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Dealing With Stigmatized Properties

The Residential Specialist

Several years later, it came back to me as a real-estate owned (REO) property,” recalls Foster. Only once in her 45-year real estate career did Jane Fairall, CRS, associate broker with Palmer House Properties in Atlanta, Georgia, have to deal with a stigmatized property.

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How To Start Building Wealth With Real Estate Investing

Lab Coat Agents

If you’re new to real estate investing, read this three-part series to learn how you can get started. What are the benefits of investing in real estate? Real estate is an excellent method to broaden your investment portfolio.

Agents 83
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What Is a Foreclosure? 4 Crucial Elements Homeowners Must Know

Realtor.com

Foreclosure is a scary word and it’s become a real concern for homeowners as the economy continues to fluctuate. “The bank doesn’t want the property back,” says Beverley Hourlier , a real estate agent in San Diego. KLH49/iStock What is a foreclosure?

Banks 87
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A transparent foreclosure marketplace reveals hidden equity

Housing Wire

If a property reverts back to the foreclosing lender at the foreclosure sale and becomes real estate owned (REO), the distressed homeowner is not due any surplus proceeds from a subsequent sale of the REO property.”. Over the past five years, more than $1.2

Equity 366
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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.

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Ukraine conflict unlikely to directly impact US housing market: NAR

Real Trends

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%

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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

Loans 73
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What Is an REO Property, and How to Buy One?

Point2Homes

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. Home Buying Tips Tips & Tricks US Real Estate Buyers Guide

Banks 67
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How and When to Buy Foreclosure Property

Realty Biz

However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. Pre-foreclosures are commonly confused with the foreclosure process and REOs (real estate owned by a lender).

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Buying Foreclosed Homes for Dummies in 11 Steps Even You (Yes, You!) Can Do

HomeLight

Real estate hacks for buying and selling your way to wealth can be hard to find. 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. Real Estate Agent.