Remove Equity Remove Land Remove Short sale
article thumbnail

The 2023 Housing Market: A Look Ahead

Housing Wire

While this would be a hit to homeowner equity, only 1 to 2 percent more of homeowners would move into negative equity. Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . There will be two key differences between 2023 and 2010.

Marketing 505
article thumbnail

How a transparent marketplace provides a proven path to benefit homeowners

Housing Wire

“Our goal is to help you avoid a foreclosure sale while protecting your credit score and preserving your equity.” In its first paragraph, the CFPB blog post encourages mortgage servicers to provide distressed homeowners with a nudge toward a pre-foreclosure sale.

MLS 434
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Housing Wire

Breaking that threshhold would mean we are in unhealthy home-price growth land. A lot of mortgage debt went away due to foreclosures and short sales, bringing home prices way down. Those loans with a small downpayment risk foreclosure or short sale if home prices fall quickly during a job loss recession.

article thumbnail

9 Tips for Buying a Preforeclosure (Especially If It’s Your First)

HomeLight

As youre getting familiar with the lay of the land eyeballing homes that seem to meet your criteria and fit your budget , daring to let yourself feel excited about the possibilities maybe you stumble upon a listing marked as a preforeclosure. The nature of a short sale is that the homeowner owes more than what the home is worth.

article thumbnail

November real estate news

Easy Agent Pro

Sugar Land, TX. Overnight, real estate agents became “short sale experts” during a time when few even knew what the term meant. Brush up on the foreclosure and short sale process by taking the classes (it’s actually a one-day session you can do online” leading to NAR’s short sale and foreclosure designation.

article thumbnail

Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

But when new builds can’t keep up, whether due to labor and lumber limitations or land shortages , the result is the same: fewer homes for buyers to choose from. With competing buyers and rising home prices, you could net more than what recent sales in your neighborhood suggest. Increased buyer demand. Your bank account will thank you!

Marketing 111
article thumbnail

Selling a House ‘As Is’ in Wisconsin

HomeLight

Under the “Land Use” section of Wisconsin’s updated Real Estate Condition Report is the broad-reaching question: “Are you aware of flooding, standing water, drainage problems, or other water problems on or affecting the property?”. “If Recent improvements that could increase the property value. Pending special assessments.

As-is 116