Sentences with phrase «foreclosures and short sales typically»

Distressed homes — foreclosures and short sales typically sold at deep discounts — slipped to 28 percent of sales in October from 30 percent in September (17 percent were foreclosures and 11 percent were short sales); they were 34 percent in October 2010.

Not exact matches

As has been the case in recent years, the year - on - year uptick in prices indicates fewer distressed properties on the market; these properties, foreclosures and short sales, are where the home sells for less than is owed on the mortgage, and typically drag down median prices.

year - on - year uptick in prices indicates fewer distressed properties on the market; these properties, foreclosures and short sales, are where the home sells for less than is owed on the mortgage, and typically drag down median prices.

A foreclosure or short sale will typically reduce your credit score between 85 and 160 points, while a bankruptcy may knock it down between 130 - 240 points.

Typically, a sub-620 credit score doesn't just happen, and is usually the result of a collection, charge - off, bankruptcy, or another serious delinquency, such as past due auto loans or student loans, a late mortgage payment, a short sale or foreclosure.

If you're looking to get a USDA loan after short sale or deed in lieu of foreclosure, you will typically need to wait 3 years from the date repayment and bankruptcy were completed.

Short sales were on the market for a median of 94 days, while foreclosures typically sold in 47 days and non-distressed homes took 75 days; 31 percent of all homes sold in January were on the market for less than a month.

Short sales were on the market for a median of 81 days, while foreclosures typically sold in 46 days and non-distressed homes took 66 days.

Short sales were on the market for a median of 112 days in March, while foreclosures typically sold in 55 days and non-distressed homes took 53 days.

However, as it stands now, for a buyer to qualify for either an FHA or conventional loan, it typically must be two years since a bankruptcy was discharged and three years since a foreclosure or short sale.

And typically, a short sale does far less damage to the homeowner's credit than a foreclosure does.

This is unlike anything they have ever experienced before from their bank, who will typically either insist on full payment or foreclosure, or force them through a drawn - out and excruciating process for a short sale or deed in lieu.

Short sales were on the market for a median of 93 days in July, while foreclosures sold in 58 days and non-distressed homes typically took 45 days.