Housing Wire

AUGUST 30, 2022

The next job loss recession, when it happens, will have more foreclosures, short sales, and bankruptcies. The 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws, once passed, created an expansion that has produced the highest quality homeowners in our lifetime.

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Bankruptcy Days on market Sales Short sale 397

Housing Wire

MAY 13, 2021

Yes, and Angel Oak Mortgage Solutions is one of them. Angel Oak Mortgage Solutions offers several non-QM loan options to purchase second homes and investment properties. Portfolio Select is a good option for those just two years out of foreclosure, short sale, bankruptcy or deed-in-lieu.

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Loans Bankruptcy Investor Short sale 312

Housing Wire

DECEMBER 8, 2021

Not even 5% mortgage rates in 2018 budged this data line too much. Higher mortgage rates haven’t materialized as expected. Back in the summer of 2020, I believed that if mortgage rates could get over 3.75% , the days on the market would grow , which I think even to this day would be the most welcome healthy event for housing.

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Bankruptcy Loans Sales Short sale 525

Realty Biz

AUGUST 29, 2022

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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Short sale Sales Bankruptcy Banks 107

HomeLight

DECEMBER 2, 2021

If you’re “upside-down” in your mortgage (owing more than the property is worth), you have a few options. One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale?

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Short sale Sales Loans Banks 104

RIS Media

JANUARY 29, 2021

Lenders offer mortgages for borrowers with a wide range of financial circumstances. Between prime (highest-quality) and subprime (lowest-quality) home loans are a category called “Alt-A mortgages.” . The federal government sets guidelines for Qualified Mortgages that focus on a borrower’s ability to repay the loan.

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Debt-to-income ratio Mortgages Bankruptcy Loans 98

CT Homes

FEBRUARY 3, 2022

As difficult as it may be to believe, the mortgage collapse was over ten years ago. 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. What is a Short Sale?

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Short sale Sales Pre-approval Principal 52

HomeLight

DECEMBER 1, 2021

Whatever the circumstance, you should act early if you’re suddenly struggling to make your monthly mortgage payment. We also connected with HomeLight Home Loans Mortgage Sales Leader Richie Helali, who offered an insider’s look at mortgage options that could help you hold on to your home — or let it go without falling into foreclosure.

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Purchase and sale agreement Short sale Loans Mortgages 111

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

Mortgage interest is tax-deductible , and many homeowners appreciate the deduction. If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. With a mortgage, the bank verifies that the buyer has the down payment available to close.

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Purchase and sale agreement Closing Title search Title 111

The Close

JANUARY 13, 2025

It also allows you to search bankruptcies, tax liens, as-is deals, and short sales nationwide. You can look for foreclosures, bank-owned properties, and short sales and use their calendar to attend in-person property auctions. This includes agents, brokers, wholesalers, or mortgage brokers.

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House Flipping Investor Renovation Short sale 98

HomeLight

AUGUST 16, 2021

Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Today, she has sold more than 4,000 homes total and around 2,500 of those have been foreclosures or short sales. We also have millions of homeowners that are delinquent on their mortgage. Links and Show Notes.

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Marketing Short sale Bankruptcy Banks 76

HomeLight

JANUARY 13, 2022

An appraisal contingency allows a buyer to walk away from a sale if after an appraisal is completed if the value of the home is found to be less than the purchase price. You’ll likely need this type of contingency even if you’ve been preapproved for a mortgage as that process does not guarantee that you’ll get a loan.

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

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 Short sale Agents 96

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: Wire fraud (money goes missing).

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Closing Purchase and sale agreement Title Home sale contingency 105

The Close

MARCH 15, 2022

However, unlike in 2008, this time it’s not from unqualified buyers who are buying property with subprime mortgages. 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.

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Agents Investor Banks Land 98

The Residential Specialist

JUNE 30, 2021

Thompson compares the toughness of divorce listings to short sales. In some cases, legal complications such as restraining orders and bankruptcies can affect progress. Maybe the mortgage hasn’t been paid. You need to know if they have the equity and the legal authority to complete the sale.”. says Stevens.

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Agents Bankruptcy Sales Short sale 98

HomeLight

OCTOBER 29, 2020

When you use a mortgage to buy a home, your lender will need to order an independent appraisal to evaluate what it’s worth. Unless you’re paying cash for a house, your best course of action is to include a pre-approval letter from a mortgage lender with your offer. Short sale or bank approval contingencies.

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

HomeLight

JULY 31, 2021

The CMA does a deep dive into how your property stacks up against the sale prices of nearby homes that are similar in size, style, age, and features. In a mortgage-backed transaction, a lender will require an appraisal as a condition of financing. Order a home appraisal. But home appraisals have other uses.

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Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

MAY 23, 2022

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. Whether the house is subject to regulation by a homeowners’ association.

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As-is Purchase and sale agreement VA loan Inspection 112

HomeLight

AUGUST 10, 2022

Founded in 2014 , We Buy Houses Hotlanta is a family-owned operation that advertises Creative Real Estate and Short Sale certifications on their website. It’ll also buy from sellers in any situation such as being upside down on a mortgage. 1% to 3% of sale price on top of commission. out of 5-star rating. Title search.

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Purchase and sale agreement Closing costs Closing Inspection 97

Housing Wire

FEBRUARY 14, 2025

Foreclosures and bankruptcy The housing bubble years were marked by a massive credit boom and not necessarily due to low mortgage rates. In fact, mortgage rates over the last decade have been lower almost every month compared to those during the housing bubble years and we have not seen the massive sales we saw from 2002-2005.

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Bankruptcy Loans Equity Short sale 481