Realty Biz

AUGUST 29, 2022

Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? What You Need to Know About Short Sales.

Short sale 107

Short sale Sales Bankruptcy Banks 107

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 488

VA loan FHA loan Short sale Loans 488

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

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

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 459

Mortgages Bankruptcy Short sale Equity 459

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

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 318

Short sale Equity Sales Banks 318

HomeLight

DECEMBER 11, 2024

Know the difference between preforeclosure and short sale At first glance, there may seem to be parallels between a home in preforeclosure and a short sale property, but the two are very different. The nature of a short sale is that the homeowner owes more than what the home is worth.

Short sale 97

Short sale Banks Sales Land 97

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 397

Bankruptcy Short sale Investor Title 397

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.

Short sale 435

Short sale Investor Banks Agents 435

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

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 307

Short sale Equity Principal Sales 307

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 294

Short sale Land Mortgages Sales 294

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.

Short sale 508

Short sale Mortgages Sales Residential 508

Housing Wire

AUGUST 23, 2021

Also, due in part to the foreclosure moratorium still in place in July, distressed sales, encompassing foreclosures and short sales, represented less than 1% of sales, equal to the percentage seen in June and equal to July 2020, NAR said.

Short sale 488

Short sale Sales Development Marketing 488

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

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. Presented by: Auction.com.

Short sale 544

Short sale Loans Mortgages Sales 544

Housing Wire

MAY 9, 2022

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. Then, after all that, the great financial crisis happened.

Short sale 532

Short sale Mortgages Equity Sales 532

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 321

Short sale FHA loan Equity Sales 321

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 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 371

Residential Short sale Technology Land 371

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 418

Short sale Loans Equity Mortgages 418

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.

Short sale 370

Short sale MLS Banks Loans 370

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 435

Closing costs Short sale Technology New Construction 435

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 448

Loans Short sale Mortgages Equity 448

Housing Wire

JANUARY 10, 2022

The end of foreclosure moratoria and the CARES Act forbearance program will likely result in a rise in distressed sales — foreclosures and short sales — in 2022, but this increase will be small given the record amount of home equity that homeowners have gained through home-price growth.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

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. Presented by: Auction.com.

Title 370

Title Short sale Lending Loans 370

Keeping Current Matters

JANUARY 13, 2021

Distressed properties (foreclosures and short sales) sell at a significant discount. If not, some will go to foreclosure, but most will be able to sell and walk away with their equity. Won’t the additional homes on the market impact prices? We must also realize there is currently an unprecedented lack of inventory on the market.

Equity 306

Equity Short sale Principal Loans 306

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. This helps users execute and manage investment strategies, from listing to liquidation.

Technology 418

Technology Investor Short sale Real-estate owned 418

Housing Wire

DECEMBER 28, 2022

Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . Affordable mortgage payments and employment continuing to remain at low levels mean that homeowners will have a choice to sell, while people are generally hesitant to sell assets that are declining in price.

Marketing 505

Marketing Equity Mortgages Short sale 505

Housing Wire

APRIL 12, 2021

Founded in 2006 as The Loan Post, the company pivoted to loan modification, short sales, and nonperforming notes following the 2008 financial crisis. Download this case study to find out about the integration process and the results it yielded. Presented by: CoreLogic.

Commercial 332

Commercial Lending Loan Officer Loans 332

Housing Wire

MAY 13, 2021

Portfolio Select is a good option for those just two years out of foreclosure, short sale, bankruptcy or deed-in-lieu. A Bank Statement loan allows bank statement submissions instead of tax returns. Full doc options include Platinum Jumbo and Portfolio Select.

Loans 370

Loans Bankruptcy Investor Short sale 370

Keeping Current Matters

SEPTEMBER 8, 2021

Short sale. 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. Understand Your Options: Sell Your House.

Equity 271

Equity Short sale Loans Sales 271

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 312

Bankruptcy Banks Short sale Industrial 312

Housing Wire

FEBRUARY 21, 2023

Although affordability remains challenging for many, distressed sales, foreclosures and short sales represented just 1% of sales in January, the same as in December and a year ago. “Homes sitting on the market for more than 60 days can be purchased for around 10% less than the original list price.”

Sales 370

Sales Short sale MLS Marketing 370

Keeping Current Matters

SEPTEMBER 1, 2020

At that time, distressed properties, like foreclosures and short sales, dominated the market. The orange bars represent the period of time when homes were most affordable, but that’s also reflective of when the housing bubble burst. That’s a drastically different environment than what we have in the housing market now.

Short sale 339

Short sale Loans Mortgages Closing 339