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A transparent foreclosure marketplace reveals hidden equity

Housing Wire

billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. billion in surplus funds over the last five years — an average of more than $36,000 per sale.

Equity 459
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5 predictions for the 2022 housing market

Housing Wire

Single-family investors stepped-up their acquisitions of homes during 2021 and multifamily rental starts will likely inch up; rent growth should moderate as additional rental homes enter the market. However, higher mortgage rates will reduce refinance originations this year, perhaps by 50% or more from last year, and alter its composition.

Marketing 545
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For the first time in a year, forbearances dip below 4%

Housing Wire

In addition to last week’s drop, every investor category experienced some form of decline. In fact, calculating mark-to-market CLTVs of homeowners in some form of mortgage postponement through February 2021, Black Knight estimated that 96% have at least 10% equity in their homes. a 4 basis point improvement ?

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Think US home prices are high? At least we aren’t Canada

Housing Wire

Just last month, Canada’s prime minister proposed a two-year ban on some foreign investors buying Canadian real estate to try to tame price growth. foreign buyers have always been less than 300,000 of total home sales for many years. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent.

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How to Find Short Sale Homes: A Guide for Buyers

HomeLight

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. What is a short sale?

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What Is A Short Sale and Is It A Good Idea As A Buyer?

HomeLight

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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Have we found the bottom in existing home sales?

Housing Wire

Without significant credit stress in the system, we can’t ever assume we will see inventory scale spikes where sellers will not be able to buy homes because of a foreclosure or short sale. We can believe in a forced equity seller premise, where someone loses their job and needs to sell their home to gain access to money.

Sales 531