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.

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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With foreclosures on horizon, RES.NET revamps REO portal

Inman

With a potential surge in home foreclosures on the horizon, RES.NET, a technology platform provider for loan default management, says it's revamped its real estate-owned portal to support growth and scalability.

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.

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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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.

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 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.

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.

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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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.

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.

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.

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

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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

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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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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.

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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.

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.

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.

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

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.

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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Charlotte Real Estate Market & Investment Overview 2021

Norada Real Estate

Last year was the sixth consecutive year of home price gains in the Charlotte real estate market. Low mortgage interest rates, high demand and a shortage of homes continue to fuel the Charlotte real estate market and drive prices higher. Until March 2020 the real estate sales were going steady in the entire Charlotte Metropolitan Statistical Area. months of supply – Sign of a hot seller's real estate market. Bank Owned.

Philadelphia Real Estate Market & Investment Overview 2021

Norada Real Estate

If you are looking at buying real estate in Philadelphia in 2021, you must read until the end. Philadelphia is a hot seller's real estate market by all housing indicators. We shall now discuss some of the most recent housing trends in the Philadelphia area which will help you understand the way the local real estate market moves in this region. PHILADEPHIA IS A SELLER’S REAL ESTATE MARKET. months, there is a balanced real estate market.

What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

The brief answer is that these government-owned homes become available anytime a purchaser defaults on an FHA-insured loan, sending the property into foreclosure. If you’re searching for HUD homes, you won’t find them on most real estate sites.

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.

San Jose Real Estate Market & Investment Overview

Norada Real Estate

We will discuss the latest San Jose real estate market trends. San Jose Remains a Seller's Real Estate Market in 2021. In other words, there are many interested buyers, but the real estate inventory is low. San Jose Real Estate Market Forecast 2021- 2022.

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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