Agents Inspection Real-estate owned Sales 
HomeLight
SEPTEMBER 1, 2020
But then, it went into foreclosure and didn’t sell at auction, so now it’s listed as an REO, or real estate-owned property. Not so fast: You need an REO buyer’s agent. A “real estate owned,” or REO, home is one that’s owned by a bank. Why do you need an REO buyer’s agent?
HomeLight
AUGUST 31, 2020
You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?
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Realty Biz
JUNE 20, 2023
The lender does so by forcing the sale of the asset used as the collateral for the loan, typically a house. Foreclosure listings are usually available on local court websites, local newspapers, real estate websites, and at the county recorder's office. Inspect the Property: Always inspect a foreclosure before purchasing.
HomeLight
AUGUST 31, 2020
Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. The reality is, there are a variety of substantial pros and cons that any would-be buyer should weigh seriously before purchasing a bank-owned property.
Realty Biz
JULY 19, 2022
This article might be premature because across most of the country home sales continue happening rapidly. However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. The REO sales process is much the same as any traditional sales process.
Point2Homes
JUNE 23, 2021
Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank. From there, the bank will collaborate with REO specialists and real estate agents to sell the property.
HomeLight
JUNE 28, 2021
The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). Buying a HUD home isn’t like traditional home sales. Find a HUD-approved agent. These qualifications allow the agent to show HUD homes and submit bids for prospective buyers. No problem!
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