Sentences with phrase «foreclosure and short sales»

The real estate market has experienced an increase in foreclosure and short sale transactions during the past year.
I've been working with foreclosures and short sales for years, and what is amazing and weird to me is that I find money left behind in all of them.
After working foreclosures and short sales for many years, I've kept several keys.
In 2011, foreclosures and short sales made up about 40 percent of the market.
This should keep property values down for investors seeking discounts on foreclosures and short sales throughout most of this year.
Another aspect to consider between foreclosure and short sale is the waiting period for when they come off your credit report, which is a different consideration than your credit score.
Given the increase in foreclosures and short sales lenders have increased their standards when evaluating the potential for default of every borrower.
In some local markets foreclosures and short sales represent much of the market, with the impact on home values that one would expect.
There are fewer foreclosures and short sales available, though still many more in this market than in previous years.
Mortgage rates are rising and industry watchers expect foreclosure and short sale rates to increase steadily.
But while foreclosures and short sales result in serious damage to a consumer's credit, that damage doesn't have to be permanent.
Much of the improvement comes from rising home prices, though foreclosures and short sales have contributed some to the decline.
This program is currently testing to have an 80 % success rate of permanently deleting foreclosures and short sales!
This is a great mortgage product for homes that need work, especially distressed home sales like foreclosures and short sales.
It's no surprise that fewer new homes have been purchased since 2009, because foreclosures and short sales for cents on the dollar were fare better deals.
Interest rates and home prices are at historic lows, foreclosure and short sale opportunities abound.
Home sales are up and so are selling prices, but foreclosures and short sales still make up a large portion of the sales numbers.
Millions of homeowners will see foreclosures and short sales — black marks from the crash — drop off their credit reports, helping their case for a new mortgage.
There are numerous amounts of foreclosures and a short sale is hard from my point of view.
While there's both art and science involved with appraisals, estimating value has become more complicated in markets with foreclosures and short sales that may not be in comparable condition to your home.
The appraisal was based on foreclosures and short sales that were not as upgraded as our listing.
Given the increase in foreclosures and short sales lenders have increased their standards when evaluating the potential for default of every borrower.
NAR reported 24 % of October 2012 sales were distressed, defined as foreclosures and short sales sold at deep discounts.
NAR reported 24 % of September 2012 sales were distressed, defined as foreclosures and short sales sold at deep discounts.
Distressed homes — foreclosures and short sales generally sold at discount — accounted for 9 percent of third quarter sales, down from 14 percent a year ago.
Renee I am surprised you have never worked with a 203k rehab loan considering the amount of foreclosures and short sales out in your area!
So here is a seller who is in foreclosure and this short sale company nor the agent ever advised him to go seek the advice of a foreclosure defense attorney to defend him in this foreclosure suit.
The median sales price for the city and five surrounding counties was flat from a year before, but if so - called «distressed properties» — including foreclosures and short sales — are removed, the median rose 8.4 percent to $ 260,000, RBI reported.
But in at least seven of the 20 metros, home price gains could be threatened in 2013 by another round of foreclosures and short sales hitting the market during the year.
The The NATIONAL ASSOCIATION OF REALTORS ® says foreclosures and short sales accounted for 31 percent of existing - home sales in May compared to 37 percent in April.
You are only a click away from foreclosure and short sale properties, some of the best deals available in the Austin Texas real estate market.
«With foreclosures and short sales falling closer to average levels, appraisers will have fewer distressed sales in their list of comparables when determining home valuations.»
Distressed homes — foreclosures and short sales typically sold at deep discounts — accounted for 31 percent of sales in August, compared with 29 percent in July and 34 percent in August 2010.
Distressed homes2 - foreclosures and short sales which generally sell at deep discounts - accounted for 23 percent of second quarter sales, down from 30 percent a year ago.
But as the number of foreclosures and short sales drop, Wall Street - backed buyers now are starting to shift their focus to mainstream real estate listings and to compete for a limited supply, they realize they need to act fast.
The new - home sector continues to be depressed due to high competition from foreclosures and short sales that sell for ultra low prices.
«Foreclosures and short sales continue to affect the market place and have resulted in the devaluation of resale home prices.»
Distressed sales: The percentage of foreclosures and short sales declined to the lowest share since NAR began tracking it in October 2008.
Homes for sale include single family homes, town - homes and condos — bank foreclosures and short sales.
Recently FHA announced in mortgage letter 2013 - 26 the ability to FOREGO the current three year waiting period for previous Foreclosures and Short Sales before you can qualify for an FHA Loan if the borrower had an ECONOMIC EVENT that created a hardship.
Foreclosures and short sales also made up a smaller share of sales in recent months, which helped boost prices.
In the past, banks have suffered huge losses with so many properties going into foreclosure and short sale that they have become increasingly more dependent on an individual's credit history in determining their ability to make timely payments.
That also doesn't factor in the damage foreclosures and short sales can do to a person's credit score, and the work former home owners» will need to do to repair it so they'll have a better chance at qualifying for financing again in the future.
Foreclosures and short sales comprised 5 percent of sales in April, down from 7 percent a year ago.
Distressed sales: Foreclosures and short sales ticked up to 7 percent in December, up from 6 percent in November.
There are a wide variety of homes in Central Seattle, from traditional to foreclosures and short sales scattered throughout.
Bank Owned Properties / Foreclosures: We specialize in helping buyers and investors purchase great deals, many of which are bank owned foreclosures and short sales.
Guarantee Real Estate agents also have the specialized training required to help you buy or sell foreclosures and short sale homes.
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