Housing Wire

SEPTEMBER 16, 2021

The economic and job market rebound, coupled with the successful exits from forbearance for many homeowners, contributed to these declines, and particularly for those in later stages of delinquency. Only 0.65% of exits to date have been into other resolutions, which would include short sales and deed-in-lieus.

Mortgages 501

Mortgages Loans VA loan Investor 501

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale?

Short sale 52

Short sale Sales Due diligence Purchase and sale agreement 52

Realty Biz

FEBRUARY 12, 2023

Finding properties in one of the stages of foreclosure is often as easy as looking through a simple Zillow search. When to Look for Foreclosures Christina says that one of the best opportunities is at the earliest stage of foreclosure. 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

HomeLight

SEPTEMBER 23, 2024

Read on for details about the different stages of the foreclosure process (including the possibility of snagging a great deal during the pre-foreclosure stage , or after a home has failed at auction), how to find local foreclosure auctions, and what to do so that you’re prepared when you attend.

Pre-approval 85

Pre-approval Short sale Staging Banks 85

HomeLight

JUNE 30, 2024

Foreclosure websites are online platforms that list properties in various stages of foreclosure. Each listing includes essential details like photos, descriptions, and contact information for agents or banks handling the sale. Agents don’t pay us to be listed, so you get the best match. Get Started What are foreclosure websites?

Short sale 115

Short sale Banks Finance Investor 115

RIS Media

SEPTEMBER 8, 2020

percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure). To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency , including the share that transition from current to 30 days past due. On a national level, 7.1

Staging 105

Staging Short sale Loans Mortgages 105

RIS Media

APRIL 21, 2022

By stage, 29.7% of total loans in forbearance are in the initial forbearance plan stage, while 57.2% resulted in repayment plans, short sales, deed-in-lieu or other reasons. Loans in forbearance as a share of servicing portfolio volume (#) as of March 31, 2022: Total: 1.05% (previous month: 1.18%). The remaining 13.1%

Loans 111

Loans Mortgages Staging Short sale 111

The Close

JULY 30, 2024

It’s generally divided into four stages: recovery, expansion, hyper-supply, and recession. Stages of the Housing Market Cycle At any point, many factors affect the real estate market. However, every change in the market can fit into one of four stages of the real estate cycle: recovery, expansion, hypersupply, and recession.

Investor 98

Investor Marketing Staging Renovation 98

The Close

APRIL 30, 2024

If the CMA is on point, the listing might benefit from home staging and improved curb appeal by cleaning up the front yard and painting. After you’ve staged the home and updated the curb appeal , write a new listing description and hire a professional photographer to take new real estate listing photos. Would that help?

Agents 98

Agents Short sale Staging Sales 98

RIS Media

FEBRUARY 25, 2022

By stage, 26.8% of total loans in forbearance are in the initial forbearance plan stage, while 59.5% resulted in repayment plans, short sales, deed-in-lieus or other reasons. Loans in forbearance as a share of servicing portfolio volume (#) as of January 31, 2022: Total: 1.30% (previous month: 1.41%). The remaining 13.7%

Loans 98

Loans Mortgages Staging Short sale 98

RIS Media

MARCH 23, 2022

By stage, 30.1% of total loans in forbearance are in the initial forbearance plan stage, while 57.0% resulted in repayment plans, short sales, deed-in-lieus or other reasons. Loans in forbearance as a share of servicing portfolio volume (#) as of February 28, 2022: Total: 1.18% (previous month: 1.30%). The remaining 1.2%

Loans 98

Loans Mortgages Staging Short sale 98

Realty Biz

AUGUST 18, 2020

remains low due to the continuation of moratoriums ordered by federal and state governments in the early stages of the coronavirus pandemic, even as mortgage delinquencies rise. In the previous month, just 3% of sales involved foreclosures and short sales, according to National Association of Realtors’ data.

Short sale 89

Short sale Staging Banks Mortgages 89

HomeLight

JUNE 8, 2021

Usually it goes something like this : You skip the song-and-dance of staging your home to impress, and go straight to requesting a cash offer. Here are a few options to avoid: Short sales. The main thing you need to know about short sales is that the “short” refers to money , not time.

Short sale 111

Short sale Sales Agents Days on market 111

HomeLight

JULY 31, 2022

This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit. Federal Housing Finance Agency Short Sale Assistance.

VA loan 95

VA loan Purchase and sale agreement Short sale Pre-approval 95

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Preforeclosures A preforeclosure is a home that is in the beginning stages of foreclosure. Preforeclosure can be tricky as sometimes the properties may never be for sale.

Pre-approval 35

Pre-approval FHA loan Short sale Banks 35

HomeLight

MARCH 29, 2023

Simple Sale is easy to use and by allowing homeowners to skip repairs, home prep, staging, and showings, Simple Sale clients get to closing more quickly than with a traditional sale. HomeLight Simple Sale A HomeLight platform, Simple Sale connects sellers with a large network of investors.

Sales 98

Sales Staging Investor Renovation 98

HomeLight

SEPTEMBER 1, 2020

If you know someone who’s bought a foreclosure, short sale, or REO property, talk to them first. The National Association of Realtors (NAR) has a “ short sales and foreclosure” certification, which are similar to REO properties because the buyer is dealing with a bank or government agency on the sell side.

Banks 98

Banks Agents Sales Short sale 98

HomeLight

DECEMBER 9, 2021

What is a quick home sale? First thing’s first, a quick home sale should not be confused with a short sale. A short sale is something a homeowner can attempt when they are in financial distress. Then, I’ll make sure they service the septic system and go around to do some simple staging,” Townsend says.

Sales 105

Sales Short sale Agents Pre-approval 105

RIS Media

OCTOBER 5, 2021

“Borrowers with limited equity were much more likely to be referred to foreclosure during the early stages of the Great Recession than those with strong equity positions. ” said Graboske.

Equity 98

Equity Fixed-rate mortgage Short sale Mortgages 98

Lab Coat Agents

APRIL 8, 2022

Yard signs, fliers, business cards, and other print marketing will be the focus of this stage of lead generation. Foreclosures/Short Sales: Look for lis pendens filings in your local county records. Pay Per Click Advertising – 15 Minutes. Divorce: Look for divorce filings in your county’s records.

Agents 98

Agents Short sale MLS Staging 98

HomeLight

NOVEMBER 10, 2021

With Simple Sale , HomeLight provides an all-cash offer for homes in almost any condition. You can skip staging and repairs, and sell without agent commissions, or upfront selling costs. Answer a few basic questions about your home’s condition, how much work it needs, and your selling timeline to get started with Simple Sale today.

Home sale contingency 118

Home sale contingency Sales Closing Short sale 118

HomeLight

MARCH 30, 2022

Investors making a cash offer are more likely to purchase a house as-is , so you can cut costs for renovations , staging , and curb appeal projects. Consider networking with investors scouting out nearby fixer-uppers if you’d rather attend open houses than spend the time and money to prep, stage, and hold your own open house.

Sales 111

Sales Investor Renovation Staging 111

HomeLight

MARCH 19, 2022

A top agent found through HomeLight will help you set a competitive price, prep and stage your home, market and advertise your home, spread the word to brokers, conduct open houses, and more. They do this by: Researching outlier comps to include or exclude (Foreclosures, short sales, etc.). Find Agent.

Closing 105

Closing Due diligence Staging Agents 105

HomeLight

MARCH 21, 2022

Preliminary offer: At this stage, some house buying companies will provide a preliminary offer that is subject to change after a house assessment. Opendoor buys homes of varying condition, but criteria like a short sale, unpermitted work, or dated materials may impact whether the company is willing and able to purchase a home.

Home sale contingency 105

Home sale contingency Closing costs Investor Sales 105

HomeLight

MARCH 31, 2022

HomeLight’s Simple Sale platform provides cash offers for homes in almost any condition nationwide. Skip repairs, staging, and open houses. In some cases, this results in a short sale , which is a complicated process that results in selling the home for less than it’s worth. Learn More. Avoid foreclosure.

As-is 122

As-is Inspection Investor Short sale 122

HomeLight

SEPTEMBER 30, 2021

But understand that some foreclosures (or all foreclosed homes at a certain stage of the process, such as the auction stage) may be out of your reach if you don’t have cash. The good news is, most REO-listed homes do allow financing, so it still can be an option. You’re at the bank’s mercy.

Banks 122

Banks Inspection Equity Investor 122

Windemere Selling

NOVEMBER 8, 2021

Real Estate Designations Accredited Staging Professional (ASP): By increasing a home’s appeal to a higher number of buyers, home staging is commonly considered one of the best ways to sell a property more swiftly and for more money. Here is a list of those designations and how they benefit real estate consumers.

Design 52

Design Commercial Land Short sale 52

HomeLight

JANUARY 3, 2022

An agent assists in preparing a home to look its best through careful staging reminiscent of an eye-catching department store window display. HomeLight’s Simple Sale platform, for example, provides cash offers for homes that need work. For all the speed and convenience an iBuyer provides, an iBuyer sale also has its disadvantages.

Agents 105

Agents Title Inspection Title search 105

HomeLight

DECEMBER 14, 2021

Have you completed many foreclosure or short-sale transactions? Buyers who are looking for deals often focus on short sales or foreclosures. Whether it’s a walkability score or good schools, they can point you to the neighborhood that suits your lifestyle. Start getting rid of clutter now.

Agents 126

Agents Days on market Short sale Closing 126

HomeLight

JULY 6, 2023

So what are the contract stipulations that put a listing into that “Contingent” stage, and how common is it for a property to hang in closing limbo? Agents also indicate in the MLS what he called “checkbox items,” or coded features, such as if a property has hardwood floors, if it’s a condo, or if it’s a foreclosure or a short sale.

MLS 105

MLS Backup offer Inspection contingency Purchase and sale agreement 105

HomeLight

APRIL 15, 2022

Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. This enables Simple Sale to provide cash offers for a wide array of properties, even those that need some or a lot of work. You don’t need to list your house on the market.

Title 109

Title House Flipping Title search Sales 109

Realty Biz

MAY 8, 2023

Homes cannot be listed in the early stages of foreclosure if the seller has tenants and does not want to let them know the home is for sale. Sign up for email alerts for new properties that are not on the market for sale. Foreclosures, short sales, and bank-owned homes are considered non-marketable properties.

Marketing 97

Marketing MLS Inspection Investor 97

The Close

DECEMBER 19, 2022

Short sales help sellers avoid the disastrous impact a foreclosure can have on a credit score, while at the same time helping the bank avoid losing money on an investment. Learn the ins and outs of short sales and how they can be a lifeline for sellers to establish yourself as the expert support that distressed homeowners need.

Agents 105

Agents Investor Property Management Development 105

HomeLight

SEPTEMBER 1, 2020

You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Bank-owned homes may not be the best-staged or the most recently renovated. First, it’s worth noting that the term “bank-owned foreclosure” is a bit of a misnomer. Step 2: Consider dealbreakers.

Banks 98

Banks Inspection contingency Inspection FHA loan 98

HomeLight

APRIL 30, 2021

After gathering all of the comparable properties (sold, active, pending, and withdrawn) and analyzing the market trends, Fuller moves on to the reconciliation stage, where he crunches the numbers to determine the trajectory of the real estate market. Reconcile your findings. Are values going up or down?

Agents 100

Agents Marketing Due diligence Sales 100

HomeLight

FEBRUARY 28, 2022

No repairs, no staging, no open houses. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Colorado. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Sale timeline.

Closing costs 98

Closing costs Closing Sales Staging 98

HomeLight

FEBRUARY 28, 2022

No repairs, no staging, no open houses. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in California. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Sale timeline.

Closing costs 97

Closing costs Closing Sales Staging 97