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CFPB received fewer reverse mortgage complaints in 2024

Housing Wire

Most of the other half stemmed from trying to communicate with the company to fix an issue related to modification, forbearance, short sale, deed-in-lieu, bankruptcy, or foreclosure, according to the database. It was followed by Finance of America (27), Longbridge Financial (11) and Mutual of Omaha Mortgage (8).

Mortgages 417
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How does the FHFA 7% loan cap on GSEs affect originators?

Housing Wire

As you probably know by now, the Federal Housing and Finance Agency has limited GSEs to a 7% cap on loan purchases for second home and investment properties. 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?

Loans 344
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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? What You Need to Know About Short Sales.

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How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

HomeLight

While this typically takes just a few days, if the home has been through a foreclosure or short sale, it could take longer. The sale can’t close until these liens have been cleared. Bankruptcy. What if the seller has declared bankruptcy? Then they might need the court to approve the sale.

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What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

In these cases, a buyer already has an offer on their previous home, but they need to make sure the sale closes (or “settles”) in order to buy their new house. Financing contingencies. And if you can’t get financed for the house, you won’t still be obligated to buy it — a big benefit! Title contingencies cannot be waived.

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Selling a House ‘As Is’ in North Carolina

HomeLight

If the property is the subject of any lawsuits, foreclosures, bankruptcy, leases or rental agreements, judgments, tax liens, proposed assessments, or other liens or notices that could affect title to the property. Want to know more about the Simple Sale experience? Prioritize a cash offer if you receive one.

As-is 112
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This Is How To Profitably Find Houses To Flip In 2023

Kyle Handy

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. How do you fund house flipping?