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What’s a Short Sale in Real Estate? This FAQ Sheet Breaks Down the Basics

HomeLight

In the midst of these financial straits, there may be a slightly better option: a short sale. But what is a short sale, and is it the right route for you? Weve broken out the most common questions about short sales to help you make a more informed decision about your next steps. What is 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. What’s a short sale ? Well, it depends.

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How a transparent marketplace provides a proven path to benefit homeowners

Housing Wire

Walking that thin line is becoming increasingly important as more distressed sales are pushed up-funnel into the pre-foreclosure marketplace — a trend that began developing about 10 years ago and has accelerated in earnest over the last two years. Those dangers can be found in recent headlines from the New York Times and ProPublica.

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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. 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.

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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. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale.

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Xactus targets lenders through active listing data

Housing Wire

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 has more than 6,500 clients, including banks and non-bank mortgage originators, and 12 service centers across the country.

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9 Tips for Buying a Preforeclosure (Especially If It’s Your First)

HomeLight

The homeowner is behind on mortgage payments , and while they do still have an opportunity to catch up before the bank seizes the property, an official notice of default has been issued. The nature of a short sale is that the homeowner owes more than what the home is worth. Get Started 1.