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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? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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What do economic trends mean for housing in 2023?

Housing Wire

As broader economic events have taken center stage since last summer, the market has grown increasingly volatile. Back when prices were falling by as much as 50% or 60%, California was at nearly 18 months of housing supply as REOs and short-sales flooded the market. To register, go here. In March 2023, it was just 2.2

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Need to sell your house fast? Here are 7 great options

Housing Wire

Most real estate agents deal with primary homeowners and homebuyers, so they may market an investment property to the wrong audience, delaying the sale. If it looks unkempt from the outside or the inside is cluttered and not staged, it could take longer, even if the layout and overall condition of the home are good.

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This savagely unhealthy housing market needs higher rates

Housing Wire

My rule to get the housing market out of the unhealthy stage is that we need total inventory back between 1.52 This created an abnormal amount of foreclosures and short sales, which exploded the supply levels for the existing home sales market. Inventory is always seasonal. million and 1.93 I use the 1.52-1.93

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Foreclosed Properties: How to Buy One and Whether You Should

Realty Biz

Finding properties in one of the stages of foreclosure is often as easy as looking through a simple Zillow search. When to Look for Foreclosures Christina says that one of the best opportunities is at the earliest stage of foreclosure. These sales can be slow ,” says Christina, “and you are at the mercy of the bank.

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Share of Mortgage Loans in Forbearance Decreases to 1.05% in March

RIS Media

By stage, 29.7% of total loans in forbearance are in the initial forbearance plan stage, while 57.2% resulted in repayment plans, short sales, deed-in-lieu or other reasons. Loans in forbearance as a share of servicing portfolio volume (#) as of March 31, 2022: Total: 1.05% (previous month: 1.18%). The remaining 13.1%

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Will we start 2022 with all-time lows in housing inventory?

Housing Wire

We have had people on forbearance already sell their homes and move onto the next stage of their life in a new home. Panic selling is different than distress selling when you’re in a foreclosure or short sale. From Black Knight : Now, this doesn’t mean everyone gets off the forbearance program. Knowing the difference is the key.