CT Homes

FEBRUARY 3, 2022

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? . What is a Short Sale?

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Short sale Sales Pre-approval Principal 52

RIS Media

JANUARY 29, 2021

A lender may instead base its decision on information contained in bank statements. After a bankruptcy, foreclosure or short sale, a prospective homebuyer may have to wait a period of time before taking out a new prime mortgage. With an Alt-A mortgage, a lender may require much less documentation.

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Debt-to-income ratio Mortgages Bankruptcy Loans 98

HomeLight

DECEMBER 1, 2021

Short sale: selling when you owe more than your home is worth. That is, unless your lender agrees to a short sale with a deficiency waiver. In a short sale situation, the mortgage lender allows you to sell your home for less than the remaining loan balance. Short sales have their drawbacks, though.

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Purchase and sale agreement Short sale Loans Mortgages 111

HomeLight

AUGUST 16, 2021

You’ll learn how to prospect for distressed properties, how to approach homeowners, how to work with banks, and much more that will position you as the local expert with solutions to help those in need. Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Links and Show Notes.

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Marketing Short sale Bankruptcy Banks 76

HomeLight

JULY 31, 2020

For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process. Short sale. Loan approval. Dodge move.

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Closing Purchase and sale agreement Title search Earnest money deposit 119

HomeLight

MAY 24, 2022

Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. With a mortgage, the bank verifies that the buyer has the down payment available to close. The sale can’t close until these liens have been cleared. Bankruptcy.

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Purchase and sale agreement Closing Title search Title 111

HomeLight

JANUARY 13, 2022

Most commonly, issues may arise if there’s a dispute over ownership, likely due to family disputes or divorce proceedings , or if there are any liens against the property due to debts owed to contractors, unpaid taxes, or bankruptcy. In these cases, title contingencies protect the buyer by allowing them to back out of the sale.

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 97

The Close

DECEMBER 27, 2022

Real estate sales by unit. Preforeclosure and bank-owned properties, or REO. Preforeclosure and short sales are more common. Even a few bank-owned homes are starting to show up in the MLS. Bank-owned homes seem to be everywhere. Foreclosures and bank-owned homes are still commonplace. Housing values.

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The Close

MARCH 15, 2022

One year later, in September 2008 when Lehman Brothers—the nation’s fourth-largest investment bank—filed for Chapter 11 bankruptcy, it signaled the start of the largest real estate crash of our lifetime. Short sales and foreclosures quickly became the norm. It was like someone turned off Niagara Falls. I was fortunate.

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Agents Investor Banks Land 98

Kyle Handy

JANUARY 20, 2023

You can target advertising on Google or Facebook to people interested in bankruptcy or foreclosure. To be even more creative, you could target those looking up information about a foreclosed home, what it takes to recover a foreclosed property, or how to navigate a short sale with a lender.

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House Flipping Bankruptcy Renovation Investor 89

The Close

JANUARY 13, 2025

Visit Zillow RealtyTrac This real estate listing platform for investors offers foreclosures, preforeclosures, bank-owned properties, and auctions. It also allows you to search bankruptcies, tax liens, as-is deals, and short sales nationwide. Search for keywords like as is or opportunity.

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House Flipping Investor Renovation Short sale 74

HomeLight

OCTOBER 29, 2020

This indicates to the seller that you’ve been qualified to secure funding, and proves that you’re serious about buying since you’ve already gone to the trouble of talking with a bank. Short sale or bank approval contingencies. Zoning and land use contingencies.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

HomeLight

JUNE 19, 2023

Step 1: Request Offer Why you might need to sell your Florida house fast If you’re facing any of these life challenges, a fast home sale may be the solution you need: Tight financial situation: Selling your house fast can bring relief from overwhelming medical bills, bankruptcy, or escalating credit card debt.

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Inspection Staging Agents Short sale 96

HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. The documentation typically needs to come from a bank or some sort of asset statement. If only there were a way to — poof! Closing costs.

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Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

JULY 29, 2022

Otherwise, you can arrange for a wire or bank transfer of funds that gets to the closing agent early (most likely via the title company). There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says.

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Closing Purchase and sale agreement Title Home sale contingency 105

Housing Wire

FEBRUARY 14, 2025

Today, however, the latest Household Debt and Credit Report from the Federal Reserve Bank of New York may not be the love letter you were hoping for. Foreclosures and bankruptcy The housing bubble years were marked by a massive credit boom and not necessarily due to low mortgage rates. Forbearance Crash Bros anyone?

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Bankruptcy Loans Equity Short sale 481