Housing Wire

AUGUST 31, 2020

The system also offers loss mitigation, modifications, short sales and repayment tracking functionality. Mortgage Servicer supports agency investor reporting, including Fannie Mae, Freddie Mac, Ginnie Mae and Federal Home Loan Bank, as well as other industry standard and private reporting methods.

Mortgages 279

Mortgages Investor Short sale Loans 279

The Residential Specialist

DECEMBER 21, 2022

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

Short sale 52

Short sale Sales Banks Principal 52

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?

Short sale 52

Short sale Sales Pre-approval Principal 52

Realty Biz

FEBRUARY 12, 2023

Prior to this, “you needed access to special lists, or maybe know someone in the industry,” Christina says. Public records indicate when a bank has served notice that a property is in default, but before it goes to auction,” Christina says. “If These sales can be slow ,” says Christina, “and you are at the mercy of the bank.

Short sale 115

Short sale Banks Staging Principal 115

HomeLight

AUGUST 31, 2021

A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. A home goes through several steps before the bank physically takes over the house and sells the property. Let’s take a look at the most common foreclosure sales and how they work. Short sale.

Pre-approval 111

Pre-approval Short sale Banks Finance 111

RIS Media

SEPTEMBER 21, 2020

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. Short sale : The sale of a home by an owner who owes more on the home than it’s worth.

Pre-approval 90

Pre-approval Pre-qualification Title search Inspection 90

Realty Biz

NOVEMBER 18, 2021

One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale. BPOs are also ordered by banks, mortgage loan companies, and asset management companies for several other reasons: Home purchases. Bank-owned property sale of a foreclosed property. Home loan refinances.

Short sale 110

Short sale Inspection Loans Banks 110

RIS Media

APRIL 21, 2022

Independent Mortgage Banks (IMBs): 1.29% (previous month: 1.44%). resulted in repayment plans, short sales, deed-in-lieu or other reasons. The share of other loans (e.g., portfolio and PLS loans) in forbearance decreased relative to the prior month: from 2.72% to 2.44%. Depositories: 0.86% (previous month: 0.97%).

Loans 111

Loans Mortgages Staging Short sale 111

RIS Media

FEBRUARY 25, 2022

Independent Mortgage Banks (IMBs): 1.59% (previous month: 1.66%). resulted in repayment plans, short sales, deed-in-lieus or other reasons. The share of other loans (e.g., portfolio and PLS loans) in forbearance decreased relative to the prior month: from 3.43% to 3.02%. Depositories: 1.06% (previous month: 1.24%).

Loans 98

Loans Mortgages Staging Short sale 98

RIS Media

MARCH 23, 2022

The decrease of forbearance shows the inverse effect of improving rates for both total borrowers and borrowers in workouts, which rose for the first time since June 2021, according to Marina Walsh, CMB, MBA’s vice president of industry analysis. Independent Mortgage Banks (IMBs): 1.44% (previous month: 1.59%). By stage, 30.1%

Loans 98

Loans Mortgages Staging Short sale 98

RIS Media

MARCH 25, 2021

When the housing bubble burst, roughly nine million families lost their homes to foreclosure or short sale between 2006 and 2014. Loose mortgage lending practices ultimately brought down some of the nation’s largest banks and mortgage companies. Even today, several real estate markets have not fully recovered. .”

Marketing 131

Marketing Equity Lending Short sale 131

HomeLight

JUNE 30, 2021

Government-issued economic bailouts are designed to save an industry, or its major player(s), from total collapse. General Motors and Chrysler have been auto industry bailout recipients , and big names like Bank of America, Wells Fargo, and Goldman Sachs are just a few of those bailed out in the banking industry.

Equity 93

Equity Loans Lending Industrial 93

The Close

MARCH 15, 2022

This practice will put further strain on the already short-handed new home industry and prevent more new homes from being built for individual homeowners. Short sales and foreclosures quickly became the norm. An REO agent represents banks and loan servicing companies to sell the homes that they foreclosed upon.

Agents 98

Agents Investor Banks Land 98

Realty Biz

MAY 21, 2023

Last Year; Impacting Sales Miami total home sales decreased 35.5% year-over-year in April 2023, from a historic 3,445 transactions in April 2022 to 2,222 in April 2023, because of rising mortgage rates, the recent banking crisis and lack of supply in certain price points. month supply at the current sales pace, up from 2.6

Sales 92

Sales Short sale Fixed-rate mortgage Banks 92

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. For example, the average sale price of a home from January to March 2007 was $322,100. The housing industry plays an important role in the economy. Shop around for the best mortgage rates.

Title search 59

Title search Short sale Title Fixed-rate mortgage 59

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.

Marketing 76

Marketing Short sale Bankruptcy Banks 76

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.

Investor 97

Investor Staging Marketing Banks 97

Realty Biz

SEPTEMBER 23, 2021

While other industries struggled over the past year, housing lifted the economy nationally and locally. of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 3% in August 2020. In 2009, distressed sales comprised 70% of Miami sales.

Sales 104

Sales Fixed-rate mortgage Short sale Equity 104

HomeLight

SEPTEMBER 1, 2022

To shed light on your options when the appraisal is lower than desired, we talked to a seasoned real estate agent and two certified appraisers with a combined 50 years of experience in the appraisal industry. Foreclosures or short sales in the neighborhood. What is a low appraisal?

Purchase and sale agreement 107

Purchase and sale agreement Earnest money deposit Short sale Loans 107

Real Trends

JANUARY 25, 2023

In combination with the vacation rental industry , this niche includes standard single-family homes and multifamily apartments, as well as: Room rentals Full-service apartments Student housing 2. Once the bank takes ownership, its goal is to recoup as much of its loss as possible. households are renters, with 36% living in apartments.

Homeowner’s association 80

Homeowner’s association Finance Agents Short sale 80

Realty Biz

MARCH 21, 2023

for $10M+ sales volume on basis of percentage change from 2019 vs 2022 via Compass Global companies continue relocating to Miami, such as Citadel, a multinational hedge fund that manages $57 billion in assets and is developing a $1 billion Miami office tower with plans to have 1,500 employees in 10 years. 2, respectively, in the U.S.

Sales 100

Sales MLS Short sale Residential 100

The Close

DECEMBER 19, 2022

Short sales help sellers avoid the disastrous impact a foreclosure can have on a credit score, while at the same time helping the bank avoid losing money on an investment. Learn the ins and outs of short sales and how they can be a lifeline for sellers to establish yourself as the expert support that distressed homeowners need.

Agents 105

Agents Investor Property Management Development 105

Easy Agent Pro

DECEMBER 29, 2020

It seemed as if every real estate agent on the planet, overnight, became a “foreclosure specialist” or a “short sale expert.”. The lender also has to publish the notice in the newspaper for three weeks, along with the date of the sale and where it will be held. Trustee’s Sale: The home will be put up for sale at auction.

Agents 87

Agents FHA loan Loans Sales 87

Realty Biz

JUNE 24, 2022

month supply at the current sales pace, up from 2.2 Miami Distressed Sales Keep Dropping, Reflecting Healthy Market Only 1.2% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, lower than the 1.7% Short sale transactions decreased 44.2%

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

HomeLight

APRIL 29, 2021

We spoke with three property investors from across the country and a top real estate agent with experience in the industry to arm you with ten tips to sell your multi-family home for all it’s worth. Before you get started, enlist the help of a top real estate agent with experience in the multi-family industry.

Investor 111

Investor Purchase and sale agreement Agents Commercial 111

Realty Biz

DECEMBER 26, 2022

month supply at the current sales pace, which was identical to October, but up from 2.1 Miami Distressed Sales Remain Low, Reflecting Healthy Market Only 1.7% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 0.8%

Sales 92

Sales Short sale Residential Mortgages 92

Notorious ROB

JANUARY 30, 2023

A friend asked me to write something up short and to the point, to explain what this ruling does and does not mean for the industry as my last law-nerd post was “heady” which I knew it to be. It’s like a short sale pending bank approval. ” I beg to differ. NAR, Moehrl v. NAR, Rex v.

Short sale 75

Short sale As-is Industrial Banks 75

Marco Santarelli

MAY 28, 2022

Trulia has 2,333 resale and new homes for sale in Virginia Beach, VA, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The median sales price for homes in Virginia Beach for Dec 28 to Mar 27 was $250,750 based on 1,262 home sales. March 2019 was $170.

Marketing 98

Marketing Purchase and sale agreement Investor Sales 98

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. Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

MARCH 30, 2022

He adds that agents have access to PropStream and other industry tools for finding investment properties. Investors are looking for a good deal, so be prepared to accept a lower price if you want a quick cash sale, cautions Colofranson. Header Image Source: (Clay Banks / Unsplash).

Sales 111

Sales Investor Renovation Staging 111

HomeLight

APRIL 29, 2021

The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. Strong local economy : Prosperity from an uptick in jobs and industry growth in a local economy can lead to a surge in buyer demand. Your bank account will thank you!

Marketing 111

Marketing Sales Agents Construction 111

HomeLight

JANUARY 25, 2021

McCorkel follows the flipping industry standard known as the 70% rule, which stipulates that an investor will offer no more than 70% of a property’s after-repair value , or ARV, for a house they plan to flip. Source: (Cristina Gottardi / Unsplash). Are you aware of the flipper pricing model?

Purchase and sale agreement 111

Purchase and sale agreement Investor Inspection Due diligence 111

Kyle Handy

JANUARY 20, 2023

But there are a lot of industries that may be helpful if you’re looking to flip a house. Estate sales professionals, estate auctions, senior living communities — often, these individuals know about properties before they hit the market. Join groups with other professionals and business owners.

House Flipping 89

House Flipping Bankruptcy Renovation Investor 89

Marco Santarelli

AUGUST 27, 2020

With the reopening of its economy, the Las Vegas real estate industry is looking forward to how the business can be conducted in the wake of the new normal. It isn’t just about casinos, medicine is a growing industry as well. Las Vegas Realtors reported that short sales and foreclosures combined accounted for 2.7%

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

Marco Santarelli

DECEMBER 20, 2020

How To Find Investment Properties For Sale By Talking to Bankers. An often overlooked way to find investment properties for sale is to talk to bankers. Let banks and credit unions know that you’re interested in buying foreclosed on investment properties.

Sales 80

Sales MLS Renovation Investor 80

Marco Santarelli

SEPTEMBER 7, 2020

After three months of year-over-year declines, sales in July have bounced back. The report for August is not available yet but sales are expected to do much better than July due to pent up demand. ORRA reported that sales of distressed homes (foreclosures and short sales) reached 79 in July and are 27.5%

Marketing 126

Marketing Investor Sales As-is 126

Marco Santarelli

MAY 31, 2022

Trulia has 827 resale and new homes for sale in Asheville, NC, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The median sales price for homes in Asheville for Mar 27 to Jun 26 was $299,750 based on 552 home sales. Graph Credits: Trulia.com. 349,000 (3%

Marketing 104

Marketing Investor Sales As-is 104