Housing Wire

SEPTEMBER 9, 2020

Not only could millions of families potentially lose their home, through a short sale or foreclosure, but this also could create downward pressure on home prices – and consequently home equity – as distressed sales are pushed back into the for-sale market,” the report said. .

Short sale 544

Short sale Loans Staging Mortgages 544

Realty Biz

AUGUST 29, 2022

Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? What You Need to Know About Short Sales.

Short sale 107

Short sale Sales Bankruptcy Banks 107

Housing Wire

MARCH 26, 2024

A total of 704,915 of the actions have been short sales and deed-in-lieu procedures, which result in borrowers leaving their homes without going through the foreclosure process. The number of completed short-sale and deeds-in-lieu transactions in Q4 2023 totaled 134, a decrease of 12% compared to the previous quarter.

VA loan 466

VA loan FHA loan Short sale Loans 466

HomeLight

SEPTEMBER 6, 2022

Because, there’s a lot of uncertainty surrounding a short sale, a homeowner might reach out to the real estate agent who originally sold them their home. But that may not be the best choice because even if the whole experience was positive, you’re not going to get the same help that a short sales Realtor® can provide.

Short sale 105

Short sale Sales Agents Mortgages 105

Housing Wire

FEBRUARY 21, 2025

The share of cash sales rose one percentage point month over month to 29% in January, but this is down from 32% in January 2024. Meanwhile, the share of distressed sales, foreclosures and short sales remained virtually unchanged from both one month and one year ago at 3%. to a pace of 1.83 to a pace of 750,000 homes).

Sales 222

Sales Short sale Mortgages Marketing 222

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales. What is a short sale?

Short sale 98

Short sale Sales Pre-approval Banks 98

Housing Wire

APRIL 8, 2021

The limitations of the traditional retail marketplace to always deliver the highest and best offer for distressed property sales have become plainly evident in recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales.

Equity 432

Equity Short sale MLS Sales 432

Keeping Current Matters

NOVEMBER 4, 2021

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. This 10% equity is important because it enables homeowners to sell their homes and pay the related expenses instead of facing the hit on their credit that a foreclosure or short sale would create.

Short sale 322

Short sale Equity Sales Banks 322

HomeLight

DECEMBER 11, 2024

Know the difference between preforeclosure and short sale At first glance, there may seem to be parallels between a home in preforeclosure and a short sale property, but the two are very different. The nature of a short sale is that the homeowner owes more than what the home is worth.

Short sale 97

Short sale Banks Land Sales 97

HomeLight

AUGUST 16, 2021

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.

Short sale 105

Short sale Sales Purchase and sale agreement Banks 105

Housing Wire

JULY 30, 2024

There were 484 specific complaints related to consumers trying to communicate with a company “to fix an issue related to modification, forbearance, short sale, deed-in-lieu, bankruptcy, or foreclosure,” according to the database. There were 300 complaints in this segment that were specifically related to a foreclosure.

Mortgages 430

Mortgages Bankruptcy Short sale Equity 430

Mandrona Group

JUNE 21, 2023

Homeowners who fall behind on mortgage payments have 2 main options; short sale or foreclosure. What is the difference between Short Sales and Foreclosures?

Short sale 98

Short sale Sales Mortgages Finance 98

Housing Wire

JUNE 24, 2025

Host a training or lunch-and-learn on a topic relevant to your local market, like understanding short sales or wire fraud prevention. Your front-desk person may very well be your biggest resource for topic suggestions.

Title 229

Title Loan Officer Branding Short sale 229

Housing Wire

NOVEMBER 15, 2022

Loans up to $3 million 12 or 24 months personal or business bank statements allowed 1099 earning statements accepted Two years seasoning required for bankruptcy, foreclosure, short sale or deed-in-lieu. Real Estate Investors: The volume of investment properties has outpaced the purchase of primary homes throughout 2022.

Bankruptcy 384

Bankruptcy Short sale Investor Title 384

Keeping Current Matters

JULY 28, 2021

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. The 10% equity number is important because it enables homeowners to sell their houses and pay the related expenses instead of facing the hit on their credit that a foreclosure or short sale would create.

Short sale 310

Short sale Equity Principal Sales 310

Housing Wire

MAY 20, 2022

Consider a Short Sale. If you’re in over your head in debt and can’t find your way out, your mortgage company may approve a short sale. You can’t make a short sale without getting bank approval first. Once you get approval, short sale offers usually come in rather quickly.

Short sale 410

Short sale Investor Banks Renovation 410

Real Estate News

DECEMBER 18, 2023

Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures next year.

Short sale 301

Short sale Land Mortgages Sales 301

Housing Wire

OCTOBER 17, 2023

One prominent scheme involved unlicensed “short sale facilitators” charging upfront fees to distressed homeowners and often representing “straw buyers” with lowball offers. It allows servicers, in cooperation with distressed borrowers, to post properties on Auction.com that are also listed as short sales on the MLS.

MLS 410

MLS Short sale Equity Banks 410

Housing Wire

NOVEMBER 11, 2022

Distressed property sales are almost non-existent, at just 2%, and nowhere near the 30% mark seen during the housing crash. Short sales are almost impossible because of the significant price appreciation of the last two years.”. “Housing inventory is about a quarter of what it was in 2008,” Yun said.

Short sale 496

Short sale Mortgages Sales Residential 496

Housing Wire

AUGUST 23, 2021

Also, due in part to the foreclosure moratorium still in place in July, distressed sales, encompassing foreclosures and short sales, represented less than 1% of sales, equal to the percentage seen in June and equal to July 2020, NAR said.

Short sale 466

Short sale Sales Development Marketing 466

Housing Wire

MAY 9, 2022

A lot of mortgage debt went away due to foreclosures and short sales, bringing home prices way down. Those loans with a small downpayment risk foreclosure or short sale if home prices fall quickly during a job loss recession. Then, after all that, the great financial crisis happened.

Short sale 530

Short sale Mortgages Equity Sales 530

Housing Wire

JUNE 8, 2022

The monitoring solution also will enable the examination of current servicing customers as well as non-customer lists and alert loan servicers to possible short sales, the firm said. Xactus, with its mortgage verification suite, aims to close more loans quickly and enhance profitability.

Short sale 370

Short sale MLS Banks Loans 370

Housing Wire

JULY 1, 2022

Home forfeiture actions, including completed foreclosure sales, short sales, and deed in-lieu-of- foreclosure actions also grew by 26.8% Most industry observers predicted that the national foreclosure rate would rise once foreclosure moratoriums ended on July 31, 2021. year-over-year to 2,410, the OCC found.

Banks 384

Banks Mortgages Principal Renovation 384

Housing Wire

JUNE 22, 2021

For others, it should be adequate for properly selling through traditional real estate channels to avoid a default or short sale. For many borrowers, this will be enough to avoid foreclosure. The post For the first time in a year, forbearances dip below 4% appeared first on HousingWire.

Short sale 397

Short sale Loans Equity Mortgages 397

Housing Wire

NOVEMBER 3, 2023

*Rebates are not available in all markets or where prohibited by law and are subject to lender approval; may not be available for all transaction types, including but not limited to Short Sales, For Sale by Owner (FSBO), New Construction and iBuyer sales. Total credits to borrower cannot exceed actual closing costs.

Closing costs 409

Closing costs Short sale Technology New Construction 409

Housing Wire

JANUARY 10, 2022

The end of foreclosure moratoria and the CARES Act forbearance program will likely result in a rise in distressed sales — foreclosures and short sales — in 2022, but this increase will be small given the record amount of home equity that homeowners have gained through home-price growth.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Keeping Current Matters

JANUARY 13, 2021

Distressed properties (foreclosures and short sales) sell at a significant discount. If not, some will go to foreclosure, but most will be able to sell and walk away with their equity. Won’t the additional homes on the market impact prices? We must also realize there is currently an unprecedented lack of inventory on the market.

Equity 309

Equity Short sale Principal Loans 309

Housing Wire

MARCH 17, 2021

” Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace. Presented by: Auction.com.

Title 370

Title Short sale Lending Loans 370

Keeping Current Matters

SEPTEMBER 8, 2021

Short sale. The good news is, there are alternatives available to help you avoid having to go through the foreclosure process, including: Reinstatement. Loan modification. Deed-in-lieu of foreclosure. Understand Your Options: Sell Your House.

Equity 273

Equity Short sale Loans Sales 273

Housing Wire

JUNE 18, 2024

In fact, the companies systematically failed to respond to thousands of homeowner requests for loan payoff statements, short sales, deeds-in-lieu of foreclosures, lien releases, and requests for general information.” “However, many borrowers could not get in contact with anyone at the loan servicing operation.

Loans 421

Loans Short sale Mortgages Equity 421

Housing Wire

MAY 31, 2021

In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more. This helps users execute and manage investment strategies, from listing to liquidation.

Technology 397

Technology Investor Short sale Real-estate owned 397

Keeping Current Matters

JUNE 10, 2021

Not all of the $700 billion was used, but the important point is that the government did not act with equal fervor to help flailing homeowners, millions of whom lost their homes to foreclosures and short sales. This time around the government forcefully moved to help ordinary citizens. Working from the bottom-up, an estimated $5.3

Bankruptcy 315

Bankruptcy Banks Short sale Industrial 315

Housing Wire

DECEMBER 28, 2022

Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . Affordable mortgage payments and employment continuing to remain at low levels mean that homeowners will have a choice to sell, while people are generally hesitant to sell assets that are declining in price.

Marketing 491

Marketing Equity Mortgages Short sale 491

Keeping Current Matters

SEPTEMBER 1, 2020

At that time, distressed properties, like foreclosures and short sales, dominated the market. The orange bars represent the period of time when homes were most affordable, but that’s also reflective of when the housing bubble burst. That’s a drastically different environment than what we have in the housing market now.

Short sale 342

Short sale Loans Mortgages Closing 342

Housing Wire

FEBRUARY 21, 2023

Although affordability remains challenging for many, distressed sales, foreclosures and short sales represented just 1% of sales in January, the same as in December and a year ago. “Homes sitting on the market for more than 60 days can be purchased for around 10% less than the original list price.”

Sales 370

Sales Short sale MLS Marketing 370

Housing Wire

JULY 1, 2021

Hubzu for Signature Seller Assisted Sale (SSAS), standard short sale, foreclosure and ultimately REO management and sales) that can perform well, no matter the volume. TB: First, make sure they are fully staffed and/or building efficiencies internally. Second, ensure they are partnered with great vendors (i.e.,

Short sale 250

Short sale FHA loan Equity Sales 250

Housing Wire

NOVEMBER 20, 2024

The new version will also change the recommendation given for an applicant with a “significant derogatory credit event,” which often includes bankruptcies, foreclosures , short sales and charge-offs of mortgage accounts.

Bankruptcy 284

Bankruptcy Short sale Loans Development 284