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Why I Should Consider a Short Sale

Realty Biz

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?

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A Seller’s Guide to Finding a Top-Notch Short Sales Realtor®

HomeLight

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. An agent who specializes in short sales can navigate all of the complexities that are in your future.

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Advice on Short-Sale Transactions

The Residential Specialist

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales.

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How to Find Short Sale Homes: A Guide for Buyers

HomeLight

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. And if you’re a would-be short sale buyer, you’ll also need to arm yourself with the knowledge of how to find short sales near you. What is a short sale?

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Foreclosure vs. Short Sale: What’s the Difference?

Realtor.com

Foreclosures and short sales are both options for homeowners who fall behind on mortgage payments, but it’s important to understand the difference between these two processes. What is a short sale? That’s a short sale.

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Short Sale Mortgage Loans: What Borrowers Need To Know

HomeLight

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home.

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Should You Invest in Short Sale Homes?

Mashvisor

Homeowners list their properties as short sale homes when their values drop below the amount of mortgage owed and they can’t pay it back. Table of Contents What Is a… Buying Investment Property Investor Blogs buying Foreclosures Real Estate Education Short Sale

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The Basics of Short Sales for Buyers and Sellers

Homes.com

Short sales can save homebuyers money, but are often complex processes requiring patience and expert guidance. The post The Basics of Short Sales for Buyers and Sellers appeared first on Homes.com. Buying Kitchen Sink lew lew sichelman short sales

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How to buy a short sale home

The Mortgage Report

Buying a short sale home can get you a great deal. But the short sale process can be challenging. Here's what to expect when buying a short sale. Real Estate

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There’s No Shortage on Short Sales

RIS Media

The post There’s No Shortage on Short Sales appeared first on RISMedia. Tip of the Day

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Understanding the Short Sale Process

CT Homes

A defining term that emerged shortly after the collapse was the “short sale”. In the years following, short sales were the driving force behind a majority of all total real estate transactions. But what is the short sale process and how does it work? .

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Short Sale Closing Costs: What Buyers Should Know

HomeLight

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. Short sales operate according to the lender’s approval, requirements, and timeline. Short sales 101. The benefits to a short sale (for buyers).

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Buying a Short Sale Property? Your Guide to Short Sale Requirements for Buyers

HomeLight

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck.

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How Long Does a Short Sale Take? What to Expect When You’re Buying Short

HomeLight

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?

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Should You Buy a Short Sale House? Answer These 10 Questions to Find Out

HomeLight

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. Short sales fall into the category of “distressed” sales. First: What’s a short sale?

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What’s The Difference Between Short Sale, Pre-Foreclosure, and Foreclosure?

Realtor.com

What is the difference between a short sale, pre-foreclosure, and foreclosure? If you’re considering purchasing one of these kinds of properties, it’s very important to understand what these terms mean and how the home’s status could affect its sale. Short sale.

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Buying a Short Sale: 4 Tips to Make Yours the Winning Offer

Realtor.com

Buying a short sale can score you a sweet deal on a home. Though they might appear simple, short sale transactions are different from traditional home sales. There are a number of pitfalls and extra costs that can arise with a short sale.

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What Is A Short Sale and Is It A Good Idea As A Buyer?

HomeLight

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. How do short sales work? Short sales do however present some advantages for lenders. Find an agent with short sale experience.

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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? Distressed or short sales.

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There’s No Shortage on Short Sales

RIS Media

The post There’s No Shortage on Short Sales appeared first on RISMedia. Tip of the Day

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SHORT SALES: Dispelling Common Misconceptions

Dwell Real Estate

In Sarasota’s real estate market today short sales are nearly unavoidable. I talk with buyers every day and many of them have questions about how short sales work, how they are different than regular sales, etc. Speaking of regular sales that are killer deals.

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13 Short Sale Tips So You Get a Dream Deal, Not a Nightmare Scenario

HomeLight

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well.

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Hit Them With Your Best Shot: How Much to Offer on a Short Sale

HomeLight

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? How a short sale works.

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Short Sale Stalemate: Does the Previous Owner Have Rights to Property Left Behind?

Realtor.com

After a short sale closing, do the sellers have a right to reclaim property they left behind? The post Short Sale Stalemate: Does the Previous Owner Have Rights to Property Left Behind? Buy buying a home property short saleLet us explain your rights as a buyer—and theirs as sellers. appeared first on Real Estate News & Insights | realtor.com®.

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How Long Does a Short Sale Stay On Your Credit Report? Myth vs. Reality

HomeLight

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Once you gain the lender’s approval, you can list your home for sale.

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Active Pending Short Sales: What Are They, And Can You Still Make an Offer?

HomeLight

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale?

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The Ultimate Guide to Investing in Short Sale Real Estate in 2021

Mashvisor

The last time a flood of short sales was experienced was during the Great Recession of 2008 as homeowners lost their jobs and income. Considering that many homeowners are experiencing… Buying Investment Property Investor Blogs Making Money Return on Investment Short Sale

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Why a Wave of Foreclosures Is Not on the Way

Keeping Current Matters

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. When foreclosures hit the market back in 2008, there was an oversupply of houses for sale.

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4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

Keeping Current Matters

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. When foreclosures hit the market in 2008, there was an excess supply of homes for sale. In 2008, there was a 9-month supply of listings for sale.

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5 key questions to ask your seller facing foreclosure

Inman

Listing expert Minna Reid says you need to ask these five questions before you list the home for sale. Agent Mortgage Opinion Select Service equity Foreclosures market Minna Reid short sales

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Understand Your Options To Avoid Foreclosure

Keeping Current Matters

Short sale. We’ll be able to give you an estimate of what your house could sell for based on recent sales of similar homes in your area. Distressed Properties For Sellers Foreclosures Housing Market Updates Pricing Short Sales Content Hub

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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Keeping Current Matters

Michael Sklarz, President at Collateral Analytics : “We may very well see a meaningful increase in the number of homes listed for sale as these borrowers choose to sell at what is arguably an intermediate top in the market and downsize to more affordable homes rather than face foreclosure.”.

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Selling a Vacation Rental Property? Read This First

HomeLight

As of May 2022, short-term rental listings in the U.S. Short-term rentals can be more affordable for families or groups, and there’s real appeal to having a full kitchen and being able to live “like a local” when spending more than just a few nights in a destination.

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7 of the Best We Buy Houses for Cash Companies in Florida

HomeLight

HomeLight’s Simple Sale platform provides all-cash offers for homes nationwide, including in Florida. Along with providing full cash offers to purchase homes in “as is” condition, Florida Cash Home Buyers also offers another sale option which they refer to as “Novation.”.

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Selling to Florida Cash Home Buyers: Tips from Experts

HomeLight

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? A cash offer can lead to a speedier and lower hassle sale. Imagine you list your home for sale and attract a buyer right away who is also willing to offer a top price.