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. A Bank Statement loan allows bank statement submissions instead of tax returns. Full doc options include Platinum Jumbo and Portfolio Select.

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Loans Bankruptcy Investor Short sale 370

Keeping Current Matters

JUNE 10, 2021

Lehman Brothers) and many more into bankruptcy. 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. It created a panic that drove some large companies out of business (ex.

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Bankruptcy Banks Short sale Industrial 311

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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Housing Wire

JULY 11, 2023

million in short-term “fix and flip” loans, in addition to securing $500,000 in COVID relief small business loans. According to the indictment, the group allegedly acquired a property in bankruptcy proceedings in a short sale, and two defendants moved in and occupied that home as their primary residence.

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Bankruptcy Short sale Loans Title 284

HomeLight

DECEMBER 2, 2021

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? Once you gain the lender’s approval, you can list your home for sale. Source: (Vidar Nordli-Mathisen / Unsplash).

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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

HomeLight

DECEMBER 1, 2021

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. Here’s when you may want to reconsider — or at least carefully weigh the consequences of — a home sale.

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Purchase and sale agreement Short sale Loans Mortgages 111

RIS Media

JANUARY 29, 2021

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. Lenders often grant mortgages to borrowers who fall short or who are marginal in one area but who are well qualified in other ways. An Alt-A loan may be available sooner.

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Debt-to-income ratio Mortgages Bankruptcy Loans 98

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. 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. Requesting a reasonable decrease in the sale price based on the cost of repairs. Home sale contingency. Dodge move.

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Closing Purchase and sale agreement Title search Earnest money deposit 119

HomeLight

MAY 24, 2022

A cash sale: Start to finish. Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. With a cash sale, you can skip a few steps in the typical closing process. Bankruptcy.

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Purchase and sale agreement Closing Title search Title 111

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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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. I believe it’s gonna be a short sale market personally, until next year. Auction.com.

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Marketing Short sale Bankruptcy Banks 76

The Close

JANUARY 13, 2025

While these popular sites are great, if youre serious about learning how to flip houses, you should look for sites that focus on preforeclosures, for sale by owner (FSBO) listings, and auctions. It also allows you to search bankruptcies, tax liens, as-is deals, and short sales nationwide.

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House Flipping Investor Renovation Short sale 98

HomeLight

JANUARY 13, 2022

In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. So he knows all the twists and turns that can occur between an accepted offer and a closed sale.

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

Kyle Handy

JANUARY 20, 2023

Estate sales professionals, estate auctions, senior living communities — often, these individuals know about properties before they hit the market. You can target advertising on Google or Facebook to people interested in bankruptcy or foreclosure. ” they discovered you? Let me know in the comments below.

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House Flipping Bankruptcy Renovation Investor 89

HomeLight

JUNE 19, 2023

This guide will cover each option so you can make an informed decision for your quick home sale. Sell Your Florida House Fast With an All-Cash Offer Get an all-cash, no-obligation offer on your Florida home through HomeLight’s Simple Sale platform whenever you’re ready. It’s that simple!

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Inspection Staging Short sale Agents 96

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Sell 'As Is' With a Cash Offer. Request Cash Offer. Disclosures.

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As-is Purchase and sale agreement VA loan Inspection 112

The Close

DECEMBER 27, 2022

Real estate sales by unit. Distressed sales will create a downward force on sales prices, especially for sellers who are forced to move. Builders experience an increase in failed sales due to move-up purchasers not being able to sell their existing homes. Preforeclosure and short sales are more common.

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Investor Staging Marketing Banks 105

The Residential Specialist

JUNE 30, 2021

But it’s not material to the sale and probably should not be disclosed. After all, clients are motivated to move, and the sale could result in two separate buyers. For her part, Hoffman focuses on the sale for her clients and does not get involved in becoming their buyers’ agent. “I Pitfall #3: Counting on a windfall.

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Agents Bankruptcy Sales Short sale 98

HomeLight

JULY 31, 2021

Reports from the National Association of Realtors show that nearly a quarter of existing home sales were made with all-cash in the spring of 2021 — but how do you go about finding your cash buyer? Our guide aims to address the urgency of needing cash with the level of thought and care that a sale of this weight requires. Good bones.

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HomeLight

OCTOBER 29, 2020

Sales contingency. If something jeopardizes your sale, then their deal with you is now also at risk. A settlement contingency is similar to a sales contingency, but in this case, you’ve already found a buyer for your house and you’re just waiting to close. Short sale or bank approval contingencies.

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

HomeLight

JULY 29, 2022

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. What if you get to the closing table… and it turns out the seller doesn’t actually have the full rights to make the sale?

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Closing Purchase and sale agreement Title Home sale contingency 105

HomeLight

AUGUST 10, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Atlanta. Simple Sale (a HomeLight platform). Simple Sale , a solution from HomeLight, is an online platform where sellers in Atlanta (and across the country) can request a cash offer for their home. Request Offer.

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Purchase and sale agreement Closing costs Closing Inspection 97

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

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 482