Sentences with phrase «sold at a foreclosure sale»

Regardless of your state's deficiency laws, if your home will sell at a foreclosure sale for more than what you owe, you will not be obligated to pay anything to your lender after foreclosure.

Mimicking the federal Protecting Tenants in Foreclosure Act, a 90 - day notice for properties sold at a foreclosure sale must be sent to any tenant telling them of a change in ownership to the property.

One day, the family's home where Alicia raised her children, was sold at a foreclosure sale while she was in the hospital.

Not exact matches

Large numbers of individuals and small partnerships saw opportunities to profit from depressed prices and began investing in foreclosures and short sales, buying them at a discount and renovating them, either to sell at a profit or to rent out, often to families that had lost their homes to default.

Unpaid taxes and other bills owed to the City may be sold at the City's next Lien Sale to private debt collectors, which in turn can trigger foreclosure proceedings.

Add to the foreclosure expense the cost of maintaining and selling homes that are not bought at foreclosure sales or auctions, and mortgage lenders are losing money that could be saved by writing down mortgage loans to affordable levels and preventing foreclosure.

Criminals are gravitating to those distressed housing markets to employ foreclosure rescue schemes and other fraudulent plots such as «flopping» or selling homes at deflated short sale values then quickly selling it for a higher price, according to Interthinx,... View Article

Foreclosures can be sold at an auction, on the open market or offered as a pre-foreclosure sale.

Distressed properties include short - sales (sold by owner at less than the mortgage value, with bank sign - off) and bank - owned foreclosures.

To summarize, in the context of your divorce if you and your spouse are settling credit card debt, selling your home at a short sale, or your home is going into foreclosure, you should be aware that you may have to deal with the tax consequences of the canceled debt income on the back end.

Short sales were on the market the longest at a median of 110 days, while foreclosures sold in 55 days and non-distressed homes took 41 days.

Short sales were on the market the longest at a median of 99 days in October, while foreclosures sold in 50 days and non-distressed homes took 39 days.

Short sales were on the market the longest at a median of 118 days in September, while foreclosures sold in 67 days and non-distressed homes took 38 days.

Short sales were on the market the longest at a median of 120 days in February, while foreclosures sold in 58 days and non-distressed homes took 61 days.

Short sales were on the market the longest at a median of 98 days in December, while foreclosures sold in 61 days and non-distressed homes took 66 days.

Short sales were on the market the longest at a median of 124 days in August, while foreclosures sold in 66 days and non — distressed homes took 45 days.

Short sales were on the market the longest at a median of 131 days in May, while foreclosures sold in 56 days and non-distressed homes took 38 days.

Short sales were on the market the longest at a median of 116 days in November, while foreclosures sold in 65 days and non-distressed homes took 63 days.

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.

I started the foreclosure immediately and it sold at trustee's sale 4 months later for $ 35K.

Short sales were on the market the longest at a median of 135 days in September, while foreclosures sold in 57 days and non — distressed homes took 48 days.

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.

I've seen lenders fail to approve dozens of short sales where there was true hardship on the part of the sellers, only to take the properties back in foreclosure and sell them six months later at a lower price.

Distressed homes3 - foreclosures and short sales sold at deep discounts - accounted for 22 percent of November sales (12 percent were foreclosures and 10 percent were short sales), down from 24 percent in October and 29 percent in November 2011.

A short sale — where homeowners sell their property for less than they owe on their mortgage — is often the last resort for people who can't pay their mortgage and are facing foreclosure, explains Rachel Ivers, a junior agent at The Blake Team at Keller Williams in Aurora, CO..

The other option, foreclosure by sale, is the more traditional foreclosure route where your home is sold at auction if you can't pay the debt prior to the sale.

Whether the goal is to flip the house or turn it into a rental homes needing repairs often provide better returns because they sell at more steeply discounted prices yet once the repairs are complete these homes will rent for the same amount and / or sell for the same price as other homes not in foreclosure or short sale.

I looked at all single family detached homes sold via the metro Phoenix multiple listing service (MLS) in 2014 that were not foreclosures and not short sales.

You might be subject to taxes, even if you sold your home at a loss, either on a short sale or by foreclosure.

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $ 57,000 FINAL SALES PRICE: $ 103,500 LOAN DATE: January 2013 to March 2013 LOCATION: Renton, King County Washington TYPE: Auction Loan, 12 month Term DETAILS: The subject property was sold at King County foreclosure auction for $ 65,000 in January 2013.

A foreclosure auction is where properties are auctioned off at a public sale by the Public Trustee (in Colorado) and sold to the highest bidder.

The IRS will not count the amount forgiven by the mortgage holder as income to the seller, thus giving distressed borrowers incentive to sell short rather than default; (2) restored the tax deduction for mortgage insurance premiums that expired at the end of 2011; (3) the mortgage interest deduction untouched; and (4) tax relief for mortgage debt forgiveness was extended another year; providing homeowners tax relief on loan modifications, short sales and foreclosures.

This is where the trustee comes into play: The trustee is usually responsible for selling the property at a foreclosure sale.

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.

Power of sale allows your lender to appoint a trustee to sell your home at a foreclosure sale.

According to industry analysts with the National Association of Realtors ® (NAR), sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes.

Distressed homes — foreclosures and short sales sold at deep discounts — accounted for 34 percent of February sales (20 percent were foreclosures and 14 percent were short sales), down from 35 percent in January and 39 percent in February 2011.

Broken out, short sales were on the market the longest at a median of 180 days; foreclosures sold in 50 days; and non-distressed homes took 38 days.

Distressed homes - foreclosures and short sales sold at deep discounts — accounted for 25 percent of May sales (15 percent were foreclosures and 10 percent were short sales), down from 28 percent in April and 31 percent in May 2011.

Housing industry analysts note that sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes.

Distressed homes — foreclosures and short sales sold at deep discounts — accounted for 29 percent of March sales (18 percent were foreclosures and 11 percent were short sales), compared with 34 percent in February and 40 percent in March 2011.

NAR reported 28 percent of April 2012 sales were distressed sales, defined as foreclosures and short sales sold at deep discounts.

Short sales were on the market the longest at a median of 135 days while foreclosures were on the market for 49 days and non-distressed homes sold in 41 days.

Large numbers of individuals and small partnerships saw opportunities to profit from depressed prices and began investing in foreclosures and short sales, buying them at a discount and renovating them, either to sell at a profit or to rent out, often to families that had lost their homes to default.

Foreclosures and short sales — which are selling, on average, at a 20 percent discount — continue to hamper the new - home market, making it difficult for builders to compete against the ultra low prices.