HomeLight

OCTOBER 5, 2020

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

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Short sale Sales Banks Due diligence 92

Housing Wire

JUNE 3, 2024

And of course, during those 50 years, we’ve navigated double-digit interest rates, the Great Recession where everyone had to figure out how to do short sales, and we’ve brought education to our agents during those times. We navigated them, we leveled up and we learned to thrive no matter what the market conditions are.

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Branding Agents Industrial Design 448

Housing Wire

DECEMBER 13, 2021

But despite these headlines and recent developments, big investors and Wall Street play a small role in the U.S. Certainly, the great financial crisis accelerated the growth and development of the single-family home industry. Meanwhile, Redfin released a report with the headline: “Investors bought a record 18% of U.S.

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Investor Industrial As-is Marketing 435

Housing Wire

SEPTEMBER 16, 2021

This was quite a change from the documentation-heavy process that was developed for loss mitigation from the Great Financial Crisis (GFC). Only 0.65% of exits to date have been into other resolutions, which would include short sales and deed-in-lieus. Borrowers simply needed to assert a hardship related to Covid-19.

Mortgages 501

Mortgages Loans VA loan Investor 501

Realty Biz

JANUARY 1, 2021

Short Sales . A short sale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. In most short sales the property is currently worth less than the borrower owes on the mortgage which is referred to as being underwater. Erika Rogers, Homes for Sale in St.

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Short sale Pre-approval Banks Loans 114

HomeLight

AUGUST 31, 2021

Again, the timeline varies by state, but this typically begins three to six months after the first missed payment , according to the Department of Housing and Urban Development (HUD). Let’s take a look at the most common foreclosure sales and how they work. Short sale. So, it’s helpful to know precisely how to find them.

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Pre-approval Short sale Banks Finance 111

HomeLight

JUNE 30, 2024

Each listing includes essential details like photos, descriptions, and contact information for agents or banks handling the sale. Equator.com Equator.com offers a comprehensive free website for finding foreclosed homes, short sales, and open market listings posted on the Hubzu auctions platform.

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Short sale Banks Finance Investor 115

RIS Media

OCTOBER 1, 2020

That’s why the Center for REALTOR® Development has been dedicated to offering safe, convenient and affordable ways to access valuable educational and networking opportunities since the onset of the coronavirus pandemic. Short Sales & Foreclosure Resource (SFR®) Certification Course. Dates: Oct. 8 – 9, 2020.

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Marketing Short sale Development Design 92

A Student of the Real Estate Game

DECEMBER 8, 2020

Construction/Technological Innovation : High construction costs is one of the biggest constraints to developing more workforce housing. Innovative models such as ‘ Apt ’ (full disclosure I’m a small seed investor) and projects that utilize prototype design can bring down construction costs while condensing the development timeline.

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Construction Development Design Short sale 98

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Department of Housing and Urban Development (HUD) website. Preforeclosure can be tricky as sometimes the properties may never be for sale. What is foreclosure?

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Pre-approval FHA loan Short sale Banks 33

Realty Biz

MARCH 2, 2023

Look at Short Sales or Foreclosures When the owner fails to pay their mortgage, the lender can take back the property and evict the occupants. With the house vacant, they can put it up for sale on the market. Aside from finding cheap houses for sale, you can enjoy affordable living, increased safety, and a serene environment.

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Sales MLS Short sale Banks 120

HomeLight

MAY 17, 2022

A short sale is a type of preforeclosure; when a homeowner stops making payments on their mortgage and owes more on the home than the house is worth in the current market, then they will need to sell the house for less than they owe, and the lender will be “short” on the amount of money they accept in the sale (hence the name).

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Inspection Banks Short sale Title 115

Realty Biz

MARCH 16, 2023

ML: I’m a subject matter expert on foreclosures, short sales, technology and social media, and then I am a full time instructor in the State of Illinois, dealing with license law, pre-licensing, that sort of thing. We recently sat down with Marki to discuss her real estate career past and present.

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Short sale Investor Technology Principal 92

RIS Media

APRIL 16, 2022

DeLisa Rose is a certified instructor with a mastery of multiple aspects of real estate including foreclosures, short sales, probate, divorce, investments, multi-family, commercial real estate, land developments, and luxury home sales. He joined RE/MAX in 1987 and has been a broker/owner since 2002.

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Short sale Commercial Land Agents 98

Realty Biz

OCTOBER 4, 2022

Engel & Völkers of East Greenwich announced today that Vickie Pizzarelli has joined its brokerage as a real estate advisor, where she specializes in new construction, residential sales, foreclosures, and short sales. She also serves on the Professional Standards Committee at RIAR.

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Brokerage Short sale Residential New Construction 105

HomeLight

OCTOBER 30, 2020

However, as the Department of Housing and Urban Development (HUD) mentions in its guidelines to avoiding foreclosure : “Foreclosure doesn’t happen overnight.” If your sale proceeds won’t cut it, the next question is whether you could bring money to the table to cover those costs. What about pursuing a short sale?

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Short sale Banks Equity Mortgages 105

The Close

DECEMBER 19, 2022

You might even get an opportunity to demonstrate your skills to developers wanting to fill newly built apartments or condos. Build a Relationship With Developers. When property developers are considering a new project, the first two questions they always ask are, “How much is it going to cost?” and “How much can we sell it for?”

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Agents Investor Property Management Development 105

HomeLight

AUGUST 16, 2021

So how can you develop that skill that makes the pros so confident — and drives major return on investment? So find out who is listing the current REOs and work on developing a relationship with this person or company.”. There is never a perfect investment situation. You add those two together, you get a licensed Realtor?

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Banks Pre-qualification Investor Short sale 105

The Close

JULY 30, 2024

Expansion stage (Source: CrowdStreet ) What investors should do during expansion : Research growing areas to invest in locations that are in high demand Renovate or develop properties (high demand justifies the cost) 3. However, this can change pretty drastically depending on some of the factors that affect the market.

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Investor Marketing Staging Renovation 98

Real Trends

MARCH 1, 2023

And some, such as short sales and REOs, vacation rentals and fixer-uppers, are hotter in some markets than others. After you make a decision, develop your marketing plan. For real estate agents who want to gain an edge , finding a specific niche to hone can be helpful. Choosing the right niche is just the beginning.

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Commercial Agents Construction Short sale 96

Real Trends

JANUARY 25, 2023

Situational Situational real estate transactions occur outside of “normal ” sales. These might include short sales, relocation sales or sales of an inherited home. That means you’d work with buyers and sellers on transactions in a specific development.

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Homeowner’s association Finance Agents Short sale 79

HomeLight

MAY 28, 2021

They are responsible for the day-to-day operations of a brokerage, including staff, training material development, support and compliance, developing marketing materials, and more. Perhaps a foreclosure or short sale? Managing brokers are licensed brokers who manage agents and possibly associate brokers.

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Agents Brokerage Design Short sale 105

Marco Santarelli

JUNE 12, 2021

In April 2021, the median sale price of a Foreclosure/REO property in the Tampa metro was $229,250, up 14.5% The median price of a short sale was $245,000, up 18% as compared to last year. There were 38 foreclosure sales and 31 short sales. as compared to last year. Source: Florida REALTORS®.

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Marketing Investor Residential Sales 145

HomeLight

JULY 31, 2021

So began the foundations of a business built on buying properties at below-market value, renovating them, and re-selling them on the open market — a process D’Angelo would master and develop training systems around that he could then pass on to others. Hicks developed the company’s process for coaching franchisees.

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House Flipping Renovation Investor Sales 98

HomeLight

NOVEMBER 30, 2022

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for big bucks. Develop your budget. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. What is house flipping?

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House Flipping Inspection Renovation Finance 111

Realtor.com

JULY 7, 2021

Any homeowner who isn’t able to sell their home or modify their loan is likely to face foreclosure or other financially challenging options, such as a short sale, the researchers warned.

FHA loan 72

FHA loan Loans Short sale Mortgages 72

Realtor.com

JULY 7, 2021

Any homeowner who isn’t able to sell their home or modify their loan is likely to face foreclosure or other financially challenging options, such as a short sale, the researchers warned.

FHA loan 72

FHA loan Loans Short sale Mortgages 72

Windemere Selling

NOVEMBER 8, 2021

Accredited Land Consultant ( ALC ): Land experts have expert knowledge and experience in land auctioning, leasing, development, farm management, land investment analysis, and tax deferment. Short Sale & Foreclosure Resource® ( SFR® ): Short sales are different than typical home sales because they deal directly with financial institutions.

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Design Commercial Short sale Land 52

HomeLight

JULY 27, 2021

During the era of the foreclosure market and short sale market, which was in 2008, the price points for the homes were pretty low,” she says. They develop a deep familiarity with the neighborhoods, the markets, and the tastes and needs of the buyer before the two of you even set foot into a property.

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Purchase and sale agreement MLS Agents Brokerage 111

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.

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Sales MLS Short sale Residential 100

Marco Santarelli

SEPTEMBER 21, 2021

million and average household income of around $53,000, Detroit is moving rapidly upwards when it comes to both population growth and development. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in September. With a population of around 4.3 August 2019 was $43.

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Marketing Investor Residential Sales 111

Realty Biz

DECEMBER 26, 2022

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. Miami Distressed Sales Remain Low, Reflecting Healthy Market Only 1.7% Short sales and REOs accounted for 0.1%

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Sales Short sale Residential Mortgages 92

The Close

AUGUST 18, 2022

In fact, my research shows that [type of property] homes like yours have gone up more than [percentage] in the last five years, but trends are indicating a slowdown on the horizon due to new development and new regulations that will kill investment values. A short sale is one alternative to foreclosure.

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Purchase and sale agreement Title Closing Short sale 98

HomeLight

MARCH 19, 2022

Develop a plan to achieve your selling goals. Develop an effective pricing strategy. They do this by: Researching outlier comps to include or exclude (Foreclosures, short sales, etc.). Find Agent. Comparing sold price vs. house condition for each comp (Fully remodeled homes vs. as-is properties, etc.).

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Closing Due diligence Staging Agents 105

McKissock

MARCH 26, 2021

This job aid defines and explains the most common types of sale transactions used in residential appraisals completed for lending purposes, including REO sales , short sales, court-ordered sales, etc. as required for UAD compliant appraisal reports. Upcoming webinars.

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Short sale Sales Residential MLS 55

HomeLight

OCTOBER 27, 2021

From the neighborhood to the school district to who built the house and the development, this is your opportunity to dig into your new digs and make sure it’s right for you. (These often require paid access.). Source: (Carlos Gil / Unsplash). Step 4: Learn everything you can about the house. What intelligence can you gather?

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Purchase and sale agreement Inspection Homeowner’s association Title 110

The Close

OCTOBER 14, 2024

Step 3: Add Your Professional Headshot Example Zillow Premier Agent headshot (Source: Zillow.com ) Every agent knows that a real estate agent’s headshot is vital for attracting clients and developing a professional brand. This helps you hone in on your area of expertise and attract clients interested in those properties.

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Agents Land Branding Sales 98