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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. Get pre-qualified with a mortgage lender. These qualifications allow the agent to show HUD homes and submit bids for prospective buyers. Qualifying for a HUD home.

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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. “One But lenders would rather recoup their money than own a house. Go to your county’s office and ask for the pre-foreclosure list ,” he says.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

These real estate definitions will help you ensure you’re communicating with clients effectively. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. It’s often presented as a percentage of the fair market value.