Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). Sales were also down significantly from a year prior. Total existing home sales slipped 3.3% Year-over-year, sales dropped 18.9%

Sales 274

Sales MLS Construction Short sale 274

Housing Wire

APRIL 8, 2021

billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender. 36,000 Surplus per Sale.

Equity 439

Equity Short sale MLS Sales 439

Housing Wire

AUGUST 23, 2021

Existing-home sales grew by 2.0% Completed sales transactions for single-family homes, townhomes, condominiums and co-ops, represented a seasonally adjusted annual rate of just under 6 million (5.99 million, so sales grew year-over-year by 1.5%. But first-time homebuyers are still getting squeezed. increase, the report said.

Short sale 488

Short sale Sales Development Marketing 488

Housing Wire

MARCH 26, 2024

A total of 704,915 of the actions have been short sales and deed-in-lieu procedures, which result in borrowers leaving their homes without going through the foreclosure process. The number of completed short-sale and deeds-in-lieu transactions in Q4 2023 totaled 134, a decrease of 12% compared to the previous quarter.

VA loan 420

VA loan FHA loan Short sale Loans 420

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.

Short sale 105

Short sale Sales Agents Mortgages 105

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?

Short sale 113

Short sale Sales Purchase and sale agreement Banks 113

Keeping Current Matters

NOVEMBER 4, 2021

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. This 10% equity is important because it enables homeowners to sell their homes and pay the related expenses instead of facing the hit on their credit that a foreclosure or short sale would create.

Short sale 334

Short sale Equity Sales Banks 334

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Short sale 508

Short sale Mortgages Sales Residential 508

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. What is a short sale?

Short sale 98

Short sale Sales Pre-approval Equity 98

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

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

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. The 10% equity number is important because it enables homeowners to sell their houses and pay the related expenses instead of facing the hit on their credit that a foreclosure or short sale would create.

Short sale 324

Short sale Equity Principal Sales 324

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. month supply at the current sales pace. from March and 10.4%

Marketing 520

Marketing Sales Staging Short sale 520

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? Once you gain the lender’s approval, you can list your home for sale. Source: (Vidar Nordli-Mathisen / Unsplash).

Short sale 104

Short sale Sales Loans Banks 104

Housing Wire

APRIL 5, 2021

Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace.

Short sale 544

Short sale Loans Mortgages Sales 544

Housing Wire

MAY 20, 2022

Most real estate agents deal with primary homeowners and homebuyers, so they may market an investment property to the wrong audience, delaying the sale. 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. Hire a Real Estate Agent.

Short sale 398

Short sale Investor Banks Agents 398

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

DECEMBER 28, 2022

There won’t be forced home sales like we saw in the crisis. Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . The low levels of inventory seen in the data and experienced by homebuyers were a result of demand and rapid sales.

Marketing 503

Marketing Equity Mortgages Short sale 503

Housing Wire

NOVEMBER 15, 2022

Loans up to $3 million 12 or 24 months personal or business bank statements allowed 1099 earning statements accepted Two years seasoning required for bankruptcy, foreclosure, short sale or deed-in-lieu. Real Estate Investors: The volume of investment properties has outpaced the purchase of primary homes throughout 2022.

Bankruptcy 362

Bankruptcy Short sale Investor Title 362

Housing Wire

JULY 30, 2024

There were 484 specific complaints related to consumers trying to communicate with a company “to fix an issue related to modification, forbearance, short sale, deed-in-lieu, bankruptcy, or foreclosure,” according to the database. There were 300 complaints in this segment that were specifically related to a foreclosure.

Mortgages 374

Mortgages Bankruptcy Short sale Equity 374

Real Estate News

DECEMBER 18, 2023

Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures next year.

Short sale 291

Short sale Land Mortgages Sales 291

Housing Wire

JULY 1, 2022

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

Banks 397

Banks Mortgages Principal Renovation 397

Mandrona Group

JUNE 21, 2023

Homeowners who fall behind on mortgage payments have 2 main options; short sale or foreclosure. What is the difference between Short Sales and Foreclosures?

Short sale 83

Short sale Sales Mortgages Finance 83

Keeping Current Matters

JANUARY 13, 2021

Michael Sklarz, President at Collateral Analytics : “We may very well see a meaningful increase in the number of homes listed for sale as these borrowers choose to sell at what is arguably an intermediate top in the market and downsize to more affordable homes rather than face foreclosure.”. Bottom Line.

Equity 318

Equity Short sale Principal Loans 318

Housing Wire

JUNE 18, 2024

This caused systematic failures to respond to thousands of homeowner requests for assistance, and caused financial harm to borrowers, including losing out on home sales and paying unnecessary costs,” the bureau explained. However, many borrowers could not get in contact with anyone at the loan servicing operation.

Loans 391

Loans Short sale Mortgages Equity 391

Housing Wire

MARCH 17, 2021

” Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace.

Title 349

Title Short sale Lending Loans 349

Housing Wire

JUNE 22, 2021

For others, it should be adequate for properly selling through traditional real estate channels to avoid a default or short sale. For many borrowers, this will be enough to avoid foreclosure. The post For the first time in a year, forbearances dip below 4% appeared first on HousingWire.

Short sale 398

Short sale Loans Equity Mortgages 398

Housing Wire

NOVEMBER 3, 2023

*Rebates are not available in all markets or where prohibited by law and are subject to lender approval; may not be available for all transaction types, including but not limited to Short Sales, For Sale by Owner (FSBO), New Construction and iBuyer sales. Total credits to borrower cannot exceed actual closing costs.

Closing costs 356

Closing costs Short sale Technology New Construction 356

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. million new and existing home sales combined. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag.

Bankruptcy 519

Bankruptcy Loans Sales Short sale 519

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.

Short sale 58

Short sale Sales Closing Mortgages 58

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. Clients can utilize real-time and customizable reporting, as well as direct data warehouse access,” said Rebecca Smith, VP, Sales and Business Development.

Technology 372

Technology Investor Short sale Real-estate owned 372

Housing Wire

JUNE 8, 2022

In May, the inventory of homes for sale rose 8%, marking the first inventory rebound since June 2019. The monitoring solution also will enable the examination of current servicing customers as well as non-customer lists and alert loan servicers to possible short sales, the firm said.

Short sale 307

Short sale MLS Banks Loans 307

Keeping Current Matters

SEPTEMBER 8, 2021

Short sale. We’ll be able to give you an estimate of what your house could sell for based on recent sales of similar homes in your area. The good news is, there are alternatives available to help you avoid having to go through the foreclosure process, including: Reinstatement. Loan modification. Deed-in-lieu of foreclosure.

Equity 270

Equity Short sale Loans Sales 270

Housing Wire

APRIL 25, 2023

However, many of the homes sold during the past three years were concentrated in higher-priced segments, which exaggerated home price growth as prices were rising and is now exaggerating the declines as sales of multi-million dollar homes begin to normalize. This represents a significant differentiating factor from the last housing cycle.

Short sale 356

Short sale Staging Mortgages Banks 356

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 247

Short sale FHA loan Equity Sales 247

Housing Wire

NOVEMBER 3, 2020

Hubzu is an end-to-end asset management platform for residential foreclosure, short sale, REO, deed in lieu, CWCOT and retail property auctions. million bids and the sale of more than 225,000 homes. The app offers potential buyers tools to find, research and bid on homes via a competitive auction format.

Residential 280

Residential Short sale Technology Land 280

Keeping Current Matters

JUNE 10, 2021

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. This time around the government forcefully moved to help ordinary citizens. Working from the bottom-up, an estimated $5.3

Bankruptcy 322

Bankruptcy Banks Short sale Industrial 322