Housing Wire

OCTOBER 17, 2023

One prominent scheme involved unlicensed “short sale facilitators” charging upfront fees to distressed homeowners and often representing “straw buyers” with lowball offers. Let’s face it, the auction industry, in general, has utilized online platforms to bring higher bidding on every widget imaginable.

MLS 435

MLS Short sale Equity Banks 435

Housing Wire

JULY 1, 2022

Most industry observers predicted that the national foreclosure rate would rise once foreclosure moratoriums ended on July 31, 2021. Home forfeiture actions, including completed foreclosure sales, short sales, and deed in-lieu-of- foreclosure actions also grew by 26.8% year-over-year to 2,410, the OCC found.

Banks 397

Banks Mortgages Principal Renovation 397

Keeping Current Matters

JULY 28, 2021

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the overwhelming fear was the pandemic would decimate the housing industry in a similar way. After the last housing crash, about 9.3 2018: 279,040.

Short sale 307

Short sale Equity Principal Sales 307

Housing Wire

NOVEMBER 3, 2023

Not available anywhere else in the industry today, consumers can gather inspiration on social media networks like Pinterest, upload photos of their dream home and homegeniusIQ, homegenius Real Estate’s proprietary technology, will instantly analyze the photos and present homes with similar features.

Closing costs 434

Closing costs Short sale Technology New Construction 434

Housing Wire

SEPTEMBER 28, 2023

A moment of reckoning may be imminent for the default and REO industry. Many in the industry are already rising to meet it. A look at default activity past and present The default industry was thrust into the public view during the Great Recession. The mortgage lending industry exists to make home loans, not to repossess them.

Industrial 448

Industrial Mortgages Technology Loans 448

Keeping Current Matters

JANUARY 13, 2021

Over the last 30 days, several industry experts have weighed in on this subject. Don Layton, Senior Industry Fellow at the Joint Center for Housing Studies of Harvard University : “With a greater cushion of equity, troubled homeowners have dramatically improved options: a greater ability to access funding (e.g.

Equity 306

Equity Short sale Principal Loans 306

Housing Wire

MAY 31, 2021

As the real estate industry braces for the end of forbearance moratoriums, housing experts are anticipating an increase in foreclosures and REO activity. In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more.

Technology 418

Technology Investor Short sale Real-estate owned 418

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?

Short sale 101

Short sale Sales Banks Backup offer 101

Housing Wire

JUNE 3, 2024

BH: Many in the industry are viewing these changes as an opportunity for firms, brokers and agents to level up and grow. 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.

Branding 447

Branding Agents Industrial Design 447

Keeping Current Matters

JUNE 10, 2021

The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. Not all of the $700 billion was used, but the important point is that the government did not act with equal fervor to help flailing homeowners, millions of whom lost their homes to foreclosures and short sales.

Bankruptcy 312

Bankruptcy Banks Short sale Industrial 312

Housing Wire

FEBRUARY 21, 2023

“This is the lowest level of home sales activity since May 2020 when the COVID-19 pandemic had shut down much of the economy,” Lisa Sturtevant, the Bright MLS chief economist said in a statement. Before that, you have to go back to October 2010 to find total sales this low.” Despite this industry analysts remain optimistic.

Sales 370

Sales Short sale MLS Marketing 370

Housing Wire

DECEMBER 27, 2021

Here are some trends we’re seeing in the real estate brokerage industry. I think it’s a foregone conclusion that leading brokers are going to need to retrain agents on these financing services, much as they did 10 to 12 years ago to deal with distressed inventory and short sales,” Murray said. Segmentation in the industry.

Brokerage 418

Brokerage Finance Short sale Agents 418

Housing Wire

MARCH 3, 2022

A growing chorus of mortgage servicers, consultants, and lobbyists support the idea of having forbearance programs as a permanent solution in the industry’s loss mitigation toolkit, rather than only a temporary relief for wide-scale events such as financial crises and pandemics.

Principal 370

Principal Loans Lending Finance 370

Keeping Current Matters

SEPTEMBER 8, 2021

Short sale. We’ll be able to connect you with other professionals in the industry, like housing counselors who can look into your unique situation and offer advice on next steps if selling isn’t the best alternative. Loan modification. Deed-in-lieu of foreclosure. Understand Your Options: Sell Your House. Bottom Line.

Equity 272

Equity Short sale Loans Sales 272

Housing Wire

JULY 1, 2021

Hubzu for Signature Seller Assisted Sale (SSAS), standard short sale, foreclosure and ultimately REO management and sales) that can perform well, no matter the volume. TB: First, make sure they are fully staffed and/or building efficiencies internally. Second, ensure they are partnered with great vendors (i.e.,

Short sale 275

Short sale FHA loan Equity Sales 275

Housing Wire

DECEMBER 13, 2021

David Howard : We are a trade association that represents the single-family rental industry. We are a relatively young organization ( founded in 2014 ), which reflects the fact that the single-family rental industry is relatively young. HW : You say it’s a relatively young industry.

Investor 435

Investor Industrial As-is Marketing 435

Keeping Current Matters

JANUARY 21, 2021

Economist for JPMorgan Chase : “The good news in today’s report is that outside the hopefully temporary hit to the food service industry, the rest of the labor market appears to be holding in despite the latest public health challenges.”. What impact will this have on the real estate market in 2021?

Marketing 306

Marketing Short sale Industrial Closing 306

Housing Wire

APRIL 12, 2021

Furthermore, we’re excited to more easily serve this crucial industry which is a major focus of our continued growth.”. Founded in 2006 as The Loan Post, the company pivoted to loan modification, short sales, and nonperforming notes following the 2008 financial crisis. Presented by: CoreLogic.

Commercial 283

Commercial Lending Loan Officer Loans 283

Housing Wire

OCTOBER 1, 2021

According to the new data, high-equity borrowers are around 40% less likely to lose their homes to involuntary liquidation, such as short sale, foreclosure sale, or deed-in-lieu. The company concluded that it could reduce the risk of foreclosure – and, also, distressed liquidations.

Equity 305

Equity Short sale Loans Mortgages 305

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 282

Mortgages Investor Short sale Loans 282

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

Housing Wire

SEPTEMBER 16, 2021

Policymakers and industry participants were of one mind in the spring of 2020 when it came to the design of the forbearance program, expressing the importance of it being nearly frictionless to enable servicers to quickly help as many as possible. Exits also were very rapid at both the 3-month and 12-month points.

Mortgages 501

Mortgages Loans VA loan Investor 501

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

Keeping Current Matters

MARCH 10, 2021

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Home sales and prices were both up substantially over the year before. Instead, real estate had one of its best years ever. This is nothing like the last time.

Equity 318

Equity New Construction Construction Short sale 318

Realty Biz

FEBRUARY 12, 2023

Prior to this, “you needed access to special lists, or maybe know someone in the industry,” Christina says. These are often called short sales, and they’re just that - when a lender accepts a shortfall in the amount that is owed on the home. 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

Lab Coat Agents

APRIL 21, 2025

As more agents learn how to use AI in real estate, these innovations are becoming essential for staying ahead in an increasingly tech-driven industry. Combining AI with Human Insight From property values to sale histories, most real estate data can be overwhelming to analyze manually.

Agents 59

Agents Short sale Finance New Construction 59

Easy Agent Pro

OCTOBER 29, 2020

If you’ve been in the real estate industry for some time, you no doubt recall the Great Recession, when the housing market went sideways. Overnight, real estate agents became “short sale experts” during a time when few even knew what the term meant. His suggestion? Or, you could just DIY it.

Short sale 85

Short sale Land Commercial Equity 85

RIS Media

JANUARY 28, 2022

The brokerage, owned and operated by local industry veterans, Kathleen and Jim Rebhan, specializes in?residential relocation services, property management, corporate homes, REO and short-sale transactions. “We This marks the brand’s 23rd franchised office location in the state, the company said.

Short sale 98

Short sale Brokerage Branding Commercial 98

Broke Agent Media

FEBRUARY 24, 2023

There’s no denying that the past couple of years have been a whirlwind in the real estate industry. Lawsuits Against Real Estate Professionals Sure, lawsuits are no stranger to those who work in the real estate industry. For industry news, edutainment and humor, sign up for the BAM newsletter. We’ve got the details below.

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Due diligence Short sale Agents Industrial 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 is a member of the Massachusetts Association of Realtors and the National Association of Realtors.

Brokerage 105

Brokerage Short sale Residential New Construction 105

RIS Media

APRIL 21, 2022

resulted in repayment plans, short sales, deed-in-lieu or other reasons. The takeaway: “March was another month of lower forbearance rates, and a higher share of overall loans and forbearance-related workout loans that are current,” said Marina Walsh, CMB, MBA’s vice president of Industry Analysis. The remaining 1.3%

Loans 111

Loans Mortgages Staging Short sale 111

RIS Media

APRIL 16, 2022

Johnson has also been named a RISMedia Real Estate Newsmaker in 2020 and 2021 as an Industry Influencer and Thought Leader. Stefan Peterson , is the co-founder and chief data officer for zavvie. He joined RE/MAX in 1987 and has been a broker/owner since 2002. Rose mentors and teaches from experience, not theory.

Short sale 98

Short sale Commercial Land Agents 98

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

MAY 9, 2022

Custom Fit Real Estate and its CEO Coltyn Simmons are changing the real estate industry by putting the client first and profits second, always. At one point, he was going to have to do a short sale. The firm specializes in helping home sellers achieve maximum results. Then the pandemic hit. The Outcome.

Branding 81

Branding Short sale Brokerage Renovation 81

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.

Short sale 92

Short sale Investor Technology Principal 92

First Team Real Estate

MARCH 15, 2021

Graduated from Cal State Fullerton, her strong financial background helps ensure her clients’ success, no matter what their real estate goals.

Commercial 98

Commercial Sales Closing Residential 98

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 commonly used by owners, buyers, and investors in these situations: Valuation for a short sale or foreclosure purchase. A homeowner going the route of ‘For Sale By Owner.’ Selling private loans.

Short sale 110

Short sale Inspection Loans Banks 110