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?

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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.

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Short sale Equity Sales Banks 334

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?

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Short sale Sales Pre-approval Equity 98

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.

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Equity Short sale MLS Sales 439

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.

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Short sale Sales Purchase and sale agreement Banks 105

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.

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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.

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Short sale Equity Principal Sales 324

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?

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Short sale Sales Banks Backup offer 101

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 362

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 398

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

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.

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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.

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Short sale Land Mortgages Sales 291

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.

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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?

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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.

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Short sale Loans Mortgages Sales 544

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.

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Banks Mortgages Principal Renovation 397

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.

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Short sale Loans Equity Mortgages 398

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.

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Marketing FHA loan Fixed-rate mortgage Loans 545

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.

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Equity Short sale Principal Loans 318

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.

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Short sale Sales Closing Mortgages 58

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 391

Loans Short sale Mortgages Equity 391

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.

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Marketing Equity Mortgages Short sale 503

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

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Bankruptcy Banks Short sale Industrial 322

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.

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Short sale Loans Mortgages Closing 352

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.

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Title Short sale Lending Loans 349

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 307

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.

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Equity Short sale Loans Sales 270

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.

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Closing costs Short sale Technology New Construction 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.,

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Short sale FHA loan Equity Sales 247

Keeping Current Matters

MAY 26, 2021

We can see that homes are more affordable now than they’ve been at any point since the housing crash when distressed properties (foreclosures and short sales) dominated the market. Here’s a graph of the index going back to 1990: The blue bar represents today’s affordability. Why are homes so affordable today?

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Short sale Loans Mortgages As-is 337

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.

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Technology Investor Short sale Real-estate owned 372

Keeping Current Matters

FEBRUARY 11, 2021

For example, here’s the typical mortgage payment for assorted dates going back to 2000, as calculated by CoreLogic : Outside of the housing crash (when short sales and foreclosures drove prices down), it’s more affordable to buy a home today when you consider all three elements of the affordability equation: price, income, and mortgage rate.

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Short sale Mortgages As-is Sales 296

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.

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Residential Short sale Technology Land 280

Housing Wire

MAY 19, 2022

This created an abnormal amount of foreclosures and short sales, which exploded the supply levels for the existing home sales market. As we can see below clearly, the market worsened before the job-loss recession happened.

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Marketing Sales Staging Short sale 520

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.”

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Sales Short sale MLS Marketing 340

Housing Wire

APRIL 25, 2023

Back when prices were falling by as much as 50% or 60%, California was at nearly 18 months of housing supply as REOs and short-sales flooded the market. This represents a significant differentiating factor from the last housing cycle. In March 2023, it was just 2.2

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Short sale Staging Mortgages Banks 356