HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

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Short sale Sales Pre-approval Pre-qualification 97

HomeLight

NOVEMBER 9, 2021

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. Short sales fall into the category of “distressed” sales. Here’s when it’s good to buy a short sale house. First: What’s a short sale?

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Short sale Sales Purchase and sale agreement Banks 113

Housing Wire

JUNE 8, 2022

Solutions like active listing scan will help customers “close more loans more quickly,” he added. . In May, the inventory of homes for sale rose 8%, marking the first inventory rebound since June 2019. Xactus, with its mortgage verification suite, aims to close more loans quickly and enhance profitability.

Short sale 370

Short sale MLS Banks Loans 370

Calculated Risk Real Estate

MARCH 13, 2025

emphasis added Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). While year-over-year, negative equity increased by 7% from 1 million homes, or 1.8%

Closing 59

Closing Equity Short sale Principal 59

HomeLight

SEPTEMBER 6, 2022

Because, there’s a lot of uncertainty surrounding a short sale, a homeowner might reach out to the real estate agent who originally sold them their home. But that may not be the best choice because even if the whole experience was positive, you’re not going to get the same help that a short sales Realtor® can provide.

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Short sale Sales Agents Mortgages 105

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales.

Short sale 98

Short sale Sales Pre-approval Equity 98

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale.

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Short sale As-is Purchase and sale agreement Sales 105

Housing Wire

MAY 20, 2022

Consider a Short Sale. If you’re in over your head in debt and can’t find your way out, your mortgage company may approve a short sale. You can’t make a short sale without getting bank approval first. Once you get approval, short sale offers usually come in rather quickly.

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Short sale Investor Banks Agents 435

HomeLight

AUGUST 16, 2021

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.

Short sale 105

Short sale Sales Purchase and sale agreement Banks 105

Housing Wire

MARCH 17, 2021

WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services. ” Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. Presented by: Auction.com.

Title 370

Title Short sale Lending Loans 370

HomeLight

OCTOBER 11, 2021

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale? Short sales defined . Wait, what?

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Short sale Sales Banks Backup offer 101

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? Your agent will also ensure that all additional legal guidelines required in a short sale are followed.

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Short sale Sales Loans Banks 104

HomeLight

AUGUST 31, 2020

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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Short sale Sales Banks Inspection 98

HomeLight

OCTOBER 5, 2020

You know that old saying, “when one door closes, another one opens”? But what if it’s a different kind of sale … for example, how much should you offer on a short sale? So it’s a cycle of closing old chapters and starting new ones — and that doesn’t always happen in a clean-cut, seamless way.

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Short sale Sales Banks Due diligence 92

Housing Wire

MAY 31, 2021

In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more. Reduce delays and navigate the real estate closing process with ease. This helps users execute and manage investment strategies, from listing to liquidation.

Technology 418

Technology Investor Short sale Real-estate owned 418

Housing Wire

MAY 18, 2022

” The report found that close to 330,000 homeowners with delinquent loans exited forbearance at the end of last year with no loss mitigation solution in place. A mere 11,386 loans had a status of foreclosure during the seven-month period, while 322 loans had an exit status of a short sale.

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Loans Short sale Mortgages Closing 397

Housing Wire

MAY 13, 2021

Due to tight inventory and increased competition, investors need to close on loans quickly. We have Agency options, and when that won’t work, we can pivot quickly to a non-QM product without a delay for a quick close. 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

Keeping Current Matters

SEPTEMBER 1, 2020

It’s important, however, to closely consider what else impacts the purchase. At that time, distressed properties, like foreclosures and short sales, dominated the market. When most of us begin searching for a home, we naturally start by looking at the price. Today, that’s largely impacted by low mortgage rates.

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Short sale Loans Mortgages Closing 339

HomeLight

MARCH 30, 2021

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

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Short sale Sales Pre-approval Closing costs 80

HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” How it can delay closing. Easy, right? Yeah, not so much.

Closing 119

Closing Purchase and sale agreement Title search Earnest money deposit 119

Keeping Current Matters

JANUARY 21, 2021

Economist of Capital Economics, agreed: “The 140,000 drop in non-farm payrolls was entirely due to a massive plunge in leisure and hospitality employment, as bars and restaurants across the country have been forced to close in response to the surge in coronavirus infections. What impact will this have on the real estate market in 2021?

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Marketing Short sale Industrial Closing 305

CT Homes

APRIL 18, 2024

If you find yourself in a tough financial spot, it’s crucial to understand your options, particularly when it comes to a short sale vs foreclosure. What is a Short Sale? In contrast to a foreclosure, a short sale is a process initiated by the homeowner before the mortgage defaults become unmanageable.

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Short sale Sales Closing Mortgages 58

Calculated Risk Real Estate

SEPTEMBER 8, 2023

Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). 1 (sometimes called the Flow of Funds report) released today.

Closing 130

Closing Equity Short sale Principal 130

Housing Wire

SEPTEMBER 16, 2021

The delinquency rate should follow that downward path closely. We will certainly be tracking these data closely over the next months and quarters. Only 0.65% of exits to date have been into other resolutions, which would include short sales and deed-in-lieus. Forbearance trends and exits outlook.

Mortgages 501

Mortgages Loans VA loan Investor 501

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale?

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Short sale Sales Due diligence Purchase and sale agreement 52

Calculated Risk Real Estate

DECEMBER 12, 2024

Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). 1 (sometimes called the Flow of Funds report) released today.

Closing 104

Closing Equity Short sale Principal 104

Housing Wire

DECEMBER 8, 2021

Even with the hottest economic and inflation rate of growth in decades, the 10-year yield hasn’t been close to even testing my high-level range, and I am not in the camp that rates are a sure lock to go higher in 2022. Panic selling is different than distress selling when you’re in a foreclosure or short sale.

Bankruptcy 525

Bankruptcy Loans Sales Short sale 525

Housing Wire

OCTOBER 31, 2022

From the Fed : , The Fed feels good about household debt payments as a percentage of disposable incomes — this is close to all-time lows. After the housing bubble crashed, a lot of household debt got deleveraged through foreclosures, short sales and bankruptcies.

Bankruptcy 523

Bankruptcy Lending Equity Mortgages 523

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

Dwell Real Estate

AUGUST 20, 2021

In Sarasota’s real estate market today short sales are nearly unavoidable. I talk with buyers every day and many of them have questions about how short sales work, how they are different than regular sales, etc. Misconception: A cash offer will make a short sale move faster than an offer with financing.

Short sale 52

Short sale Sales Pre-approval Banks 52

Keeping Current Matters

OCTOBER 21, 2020

A decade ago, there wasn’t a forbearance option, and most banks did not put in other programs, like modifications and short sales, until very late in the crisis. There Are Other Options That Were Not Available the Last Time. A decade ago, homeowners had very little equity in their homes. As mentioned above, today is different.

Equity 296

Equity Banks Closing costs Loans 296

Calculated Risk Real Estate

JUNE 8, 2023

Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). 1 (sometimes called the Flow of Funds report) released today.

Closing 95

Closing Equity Short sale Principal 95

Realtor.com

OCTOBER 22, 2021

After a short sale closing, do the sellers have a right to reclaim property they left behind? The post Short Sale Stalemate: Does the Previous Owner Have Rights to Property Left Behind? Let us explain your rights as a buyer—and theirs as sellers. appeared first on Real Estate News & Insights | realtor.com®.

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Short sale Sales Closing 58

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 ®.

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Short sale Sales Banks Principal 52

Housing Wire

AUGUST 30, 2022

The next job loss recession, when it happens, will have more foreclosures, short sales, and bankruptcies. Since we are so close to the fall, it’s time to look at housing with a 2023 outlook because seasonality will kick in soon. However, not to the degree we saw from 2005-2008. It hasn’t worked since 2012 for a reason.

Bankruptcy 397

Bankruptcy Days on market Sales Short sale 397

Housing Wire

SEPTEMBER 28, 2023

Loan modifications, deeds in lieu and short sales have now become the preferred path to addressing defaults, although none of them are 100% effective. The next major change in the default landscape is the way those who hold the loans, the lenders, are reacting to default. There are numerous options available for scalable solutions.

Industrial 448

Industrial Mortgages Technology Loans 448

HomeLight

JULY 29, 2022

Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves. What can go wrong on the buyer’s side at closing. Problem: There’s an issue with the Closing Disclosure.

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Closing Purchase and sale agreement Title Home sale contingency 105