Housing Wire

MAY 20, 2022

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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Short sale Investor Banks Renovation 435

Housing Wire

MAY 9, 2022

In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. foreign buyers have always been less than 300,000 of total home sales for many years. Home prices in the U.S. The average home in Canada is now nearly $650,000 in U.S.

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Short sale Mortgages Equity Sales 532

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.

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Short sale Equity Sales Banks 317

Housing Wire

AUGUST 23, 2021

Meanwhile, the median existing-home sales price rose to $359,900 in July, up from $305,600 last year, marking a 17.8% Meanwhile, the median existing-home sales price rose to $359,900 in July, up from $305,600 last year, marking a 17.8% The inventory of unsold homes rose by 7.3% million from June to July, the report found.

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Short sale Sales Development Marketing 488

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. Get Started 1.

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Housing Wire

NOVEMBER 11, 2022

While the unprecedented uptick in mortgage rates led to a lack of demand from buyers, it has also acted as a deterrent for homeowners, who are hesitant to list their homes for sale in a tough market. Distressed property sales are almost non-existent, at just 2%, and nowhere near the 30% mark seen during the housing crash.

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Short sale Mortgages Sales Residential 508

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.

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Short sale Sales Agents Mortgages 105

Housing Wire

JUNE 18, 2024

This caused systematic failures to respond to thousands of homeowner requests for assistance, and caused financial harm to borrowers, including losing out on home sales and paying unnecessary costs,” the bureau explained. However, many borrowers could not get in contact with anyone at the loan servicing operation.

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Loans Short sale Mortgages Equity 448

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.

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Short sale Equity Principal Sales 305

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?

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Short sale Sales Pre-approval Equity 98

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.

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Short sale Sales Purchase and sale agreement Banks 105

Housing Wire

DECEMBER 28, 2022

There won’t be forced home sales like we saw in the crisis. Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . The low levels of inventory seen in the data and experienced by homebuyers were a result of demand and rapid sales. months nationally.

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Marketing Equity Mortgages Short sale 505

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. The monitoring program, covering all 50 states, includes MLS listing data as well as public records from data aggregators. year over year. .

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Short sale MLS Banks Loans 370

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

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Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. The real story in housing has been the price boom that we have seen since 2020.

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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. HousingWire recently spoke with Travis Britsch, general manager of Hubzu , about post-forbearance strategies to benefit both servicers and borrowers.

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Short sale FHA loan Equity Sales 322

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. Clients can utilize real-time and customizable reporting, as well as direct data warehouse access,” said Rebecca Smith, VP, Sales and Business Development. c client needs.”.

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Technology Investor Short sale Real-estate owned 418

Housing Wire

MARCH 17, 2021

” Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. . ” Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services.

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Title Short sale Lending Loans 370

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. The forbearance rate is officially below 4% for the first time in a year. The MBA now estimates 2 million homeowners are still in some form of a forbearance plan. resulted in a loan deferral/partial claim.

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Short sale Loans Equity Mortgages 418

HomeLight

OCTOBER 11, 2021

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? Short sales defined . Wait, what?

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Short sale Sales Banks Backup offer 101

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. Without significant credit stress in the system, we can’t ever assume we will see inventory scale spikes where sellers will not be able to buy homes because of a foreclosure or short sale.

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Sales Mortgages Short sale Principal 531

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. million new and existing home sales combined. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag.

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Bankruptcy Loans Sales Short sale 525

Housing Wire

APRIL 25, 2023

However, many of the homes sold during the past three years were concentrated in higher-priced segments, which exaggerated home price growth as prices were rising and is now exaggerating the declines as sales of multi-million dollar homes begin to normalize. This article is part of our ongoing 2023 Housing Market Forecast series.

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Short sale Staging Mortgages Banks 397

Housing Wire

OCTOBER 31, 2022

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good? From the WSJ article: “ U.S.

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Bankruptcy Lending Equity Mortgages 523

Housing Wire

MAY 13, 2021

Portfolio Select is a good option for those just two years out of foreclosure, short sale, bankruptcy or deed-in-lieu. Portfolio Select is a good option for those just two years out of foreclosure, short sale, bankruptcy or deed-in-lieu. How does this impact originators? It could pose a real challenge.

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Loans Bankruptcy Investor Short sale 370

Housing Wire

APRIL 12, 2021

Founded in 2006 as The Loan Post, the company pivoted to loan modification, short sales, and nonperforming notes following the 2008 financial crisis. Before his time at Credit Plus, Holmes served as the vice president of direct sales in the Eastern U.S. Presented by: CoreLogic. for LandAmerica. .

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Commercial Lending Loan Officer Loans 333

Keeping Current Matters

JANUARY 13, 2021

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.”. What are the experts saying?

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Equity Short sale Principal Loans 304

Housing Wire

DECEMBER 27, 2021

I think it’s a foregone conclusion that leading brokers are going to need to retrain agents on these financing services, much as they did 10 to 12 years ago to deal with distressed inventory and short sales,” Murray said. This article is part of our HousingWire 2022 forecast series. Today, the choices are abundant. only one year ago.

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Brokerage Finance Short sale Agents 418

Housing Wire

FEBRUARY 21, 2023

In January, the seasonally adjusted sales pace for existing homes dropped 0.7% On a yearly basis, existing home sales were down 36.9% This is the lowest level of home sales activity since May 2020 when the COVID-19 pandemic had shut down much of the economy,” Lisa Sturtevant, the Bright MLS chief economist said in a statement.

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Sales Short sale MLS Marketing 370

Housing Wire

SEPTEMBER 16, 2021

As the summer comes to an end, several issues are top of mind for everyone: the impact of the Delta variant, the debate over when the Federal Reserve will taper its asset purchases, the situation in Afghanistan, and the federal debt limit and budget debate. Our forecast is for the unemployment rate to continue to decline, reaching 4.5%

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Mortgages Loans VA loan Investor 501

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. However, it hasn’t rattled the world economy. Why is there a drastic difference between 2008 and now?

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Bankruptcy Banks Short sale Industrial 310

Housing Wire

JUNE 3, 2024

And of course, during those 50 years, we’ve navigated double-digit interest rates, the Great Recession where everyone had to figure out how to do short sales, and we’ve brought education to our agents during those times. This interview has been edited for brevity and clarity. Brooklee Han: You’ve been at RE/MAX now for 26 years.

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Branding Agents Industrial Design 448

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.

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Bankruptcy Short sale Loans Development 284

Keeping Current Matters

MAY 26, 2021

We can see that homes are more affordable now than they’ve been at any point since the housing crash when distressed properties (foreclosures and short sales) dominated the market. The last year has put emphasis on the importance of one’s home. Mortgage Payments as a Percentage of Income. Home Prices. Why are homes so affordable today?

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Short sale Loans Mortgages As-is 319

HomeLight

MARCH 31, 2022

If you want to sell your home, but it has large issues you don’t have the time, money or desire to fix, you may consider listing your house for sale “as is.”. In this guide, we’ll walk you though what an “as is” sale really means — and what it doesn’t. An “as is” sale is pretty self-explanatory, but it comes with a few caveats.

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As-is Inspection Investor Short sale 122

Housing Wire

MAY 18, 2022

A mere 11,386 loans had a status of foreclosure during the seven-month period, while 322 loans had an exit status of a short sale. To take full advantage of the current market conditions, lenders and servicers must obsess over customer service. Presented by: TMS.

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Loans Short sale Mortgages Closing 397

Keeping Current Matters

SEPTEMBER 8, 2021

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. Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility.

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Equity Short sale Loans Sales 271