Realty Biz
JULY 19, 2022
Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. If the house is worth less than the outstanding loan, the seller has options, but a straightforward pre-foreclosure sale is seldom one of the options.
Keeping Current Matters
OCTOBER 21, 2020
A decade ago, there wasn’t a forbearance option, and most banks did not put in other programs, like modifications and short sales, until very late in the crisis. There Are Other Options That Were Not Available the Last Time.
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Realty Biz
AUGUST 4, 2020
Short sales can be complicated. On your credit report, a short sale is considered better than a foreclosure but it is still a big negative that can remain on your credit report for seven years. Short sales are complicated. You’re going to want a real estate agent with short sales experience.
HomeLight
JULY 31, 2022
Some of the most important aspects of the SCRA as it relates to housing are that it provides: protections against home foreclosure, protections against property repossession, the option for service members to opt out of a residential housing lease without penalty, and. Federal Housing Finance Agency Short Sale Assistance.
HomeLight
JUNE 23, 2023
When you’re selling property in probate, it’s especially critical to hire a listing agent with experience handling probate sales and who’s familiar with the probate processes of your state. home inspectors , contractors , residential appraisers ) who also understand the nuances of probate. Why does that matter?
HomeLight
OCTOBER 5, 2020
Before you bid, it’s a good idea to run a title search , which will give you an indication of any liens on the home. In areas with a lot of residential demand, flippers or future landlords may crowd foreclosure auctions hoping to snag a deal — just like you. As you would expect, competition is neighborhood-specific.
HomeLight
JANUARY 13, 2022
Title contingencies. A title is the legal right to own a property. A title search reveals who has owned the home in the past and in the present, and whether there are any recorded liens, claims, or judgments made against the home. Very rarely, there will be issues with the title report that cannot be solved before closing.
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