The new housing vernacular: Short sales, REOs in today's market
How agents and lenders are working through the housing downturn
The darker side of owning a home is losing one.
With the collapse of the subprime lending market leading to tightened credit, many are wondering what happens to the millions of loans that are expected to default or more importantly, what happens to the homes and the people who bought them.
In this four-part special report, Inman News digs into the industry's new vernacular. For the first time, many real estate professionals may encounter terms and situations they haven't met before like REOs, short sales or forbearance.
Lenders have financial incentives to keep borrowers in their homes, which we explore in the first part of the report. These options will work for some troubled borrowers, but not all. Others may have to resort to a short sale or foreclosure, which creates a growing niche for real estate agents.
Find out how these situations typically work and how agents are finding new business.
- Part 1: "Workouts could soften impact of subprime lending woes"
- Part 2: "So you want to get into short sales?"
- Part 3: "Potential roadblocks and common mistakes with short sales"
- Part 4: "Foreclosures: The dark side of the American Dream"
Price: $79.00
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