HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ? Well, it depends.

Short sale 138

Short sale Loans Sales FHA loan 138

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

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Short sale Sales Pre-approval Pre-qualification 97

The Mortgage Report

JANUARY 14, 2021

Buying a short sale home can get you a great deal. But the short sale process can be challenging. Here's what to expect when buying a short sale.

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Short sale Sales 105

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

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Short sale Closing costs Closing Sales 98

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

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 ®.

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Short sale Sales Banks Principal 52

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

Mashvisor

MAY 25, 2022

Homeowners list their properties as short sale homes when their values drop below the amount of mortgage owed and they can’t pay it back. Table of Contents What Is a…

Short sale 68

Short sale Sales Mortgages As-is 68

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

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? Your agent will also ensure that all additional legal guidelines required in a short sale are followed.

Short sale 104

Short sale Sales Loans Banks 104

HomeLight

JULY 31, 2020

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.

Short sale 105

Short sale As-is Purchase and sale agreement Sales 105

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

Dwell Real Estate

AUGUST 20, 2021

In Sarasota’s real estate market today short sales are nearly unavoidable. I talk with buyers every day and many of them have questions about how short sales work, how they are different than regular sales, etc. Misconception: A cash offer will make a short sale move faster than an offer with financing.

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Short sale Sales Pre-approval Banks 52

RIS Media

JULY 20, 2021

The post There’s No Shortage on Short Sales appeared first on RISMedia.

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Short sale Sales 98

HomeLight

AUGUST 31, 2020

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

Short sale 98

Short sale Sales Banks Inspection 98

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.

Short sale 92

Short sale Sales Banks Due diligence 92

HomeLight

MARCH 30, 2021

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

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Short sale Sales Pre-approval Closing costs 80

Realtor.com

OCTOBER 22, 2021

After a short sale closing, do the sellers have a right to reclaim property they left behind? The post Short Sale Stalemate: Does the Previous Owner Have Rights to Property Left Behind? Let us explain your rights as a buyer—and theirs as sellers. appeared first on Real Estate News & Insights | realtor.com®.

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Short sale Sales Closing 58

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 478

VA loan FHA loan Short sale Loans 478

RIS Media

OCTOBER 6, 2020

The post There’s No Shortage on Short Sales appeared first on RISMedia.

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Short sale Sales 64

Mashvisor

JULY 1, 2021

The last time a flood of short sales was experienced was during the Great Recession of 2008 as homeowners lost their jobs and income. Considering that many homeowners are experiencing…

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Short sale Sales Investor 42

Housing Wire

FEBRUARY 1, 2021

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, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. More than 1.7

Sales 427

Sales Pre-approval Short sale MLS 427

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 439

Mortgages Bankruptcy Short sale Equity 439

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 285

Short sale Land Mortgages Sales 285

Housing Wire

NOVEMBER 15, 2024

The report also mentioned the long-awaited publication of a streamline HECM section in the Single Family 4000.1 Handbook, guidance the reverse mortgage industry had been seeking for years that consolidated years’ worth of Mortgagee Letters and other policy directives.

Equity 354

Equity Short sale Loans Mortgages 354

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.

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Short sale Equity Sales Banks 309

Housing Wire

NOVEMBER 20, 2024

The new version will also change the recommendation given for an applicant with a “significant derogatory credit event,” which often includes bankruptcies, foreclosures , short sales and charge-offs of mortgage accounts.

Bankruptcy 150

Bankruptcy Short sale Loans Development 150

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.

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Bankruptcy Short sale Investor Title 396

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.

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Short sale Equity Principal Sales 300

Housing Wire

APRIL 8, 2021

The limitations of the traditional retail marketplace to always deliver the highest and best offer for distressed property sales have become plainly evident in recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales.

Equity 459

Equity Short sale MLS Sales 459

Housing Wire

MAY 20, 2022

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. You can’t make a short sale without getting bank approval first. Once you get approval, short sale offers usually come in rather quickly.

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Short sale Investor Banks Agents 433

Housing Wire

JUNE 18, 2024

In fact, the companies systematically failed to respond to thousands of homeowner requests for loan payoff statements, short sales, deeds-in-lieu of foreclosures, lien releases, and requests for general information.” “However, many borrowers could not get in contact with anyone at the loan servicing operation.

Loans 442

Loans Short sale Mortgages Equity 442

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 419

Closing costs Short sale Technology New Construction 419

Bigger Pockets

APRIL 28, 2024

Foreclosure rates are down, short sales are a hassle, and the open housing market has barely any sellers—is there a better […] When housing inventory is low, where do you go?

Short sale 114

Short sale Sales Marketing 114

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

Housing Wire

NOVEMBER 11, 2022

Distressed property sales are almost non-existent, at just 2%, and nowhere near the 30% mark seen during the housing crash. Short sales are almost impossible because of the significant price appreciation of the last two years.”. “Housing inventory is about a quarter of what it was in 2008,” Yun said.

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Short sale Mortgages Sales Residential 508

Housing Wire

JUNE 8, 2022

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. Xactus, with its mortgage verification suite, aims to close more loans quickly and enhance profitability.

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Short sale MLS Banks Loans 362