Lab Coat Agents

NOVEMBER 16, 2021

Anyone with the willingness and a small amount of money to invest can invest in real estate. You’ll need a down payment if you wish to invest in tangible real estate (owning the property). The post How To Start Building Wealth With Real Estate Investing appeared first on Lab Coat Agents.

Debt-to-income ratio 98

Debt-to-income ratio Equity Investor Real-estate owned 98

The Residential Specialist

DECEMBER 21, 2022

Several years later, it came back to me as a real-estate owned (REO) property,” recalls Foster. Stigmatized homes present a unique challenge for agents who must overcome negative public perceptions about the property to reach the right buyer. Agents should be preparedto address those concerns. State Disclosure.

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Agents Real-estate owned Banks Investor 52

HomeLight

AUGUST 31, 2021

But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties.

Pre-approval 99

Pre-approval Short sale Banks Finance 99

HomeLight

AUGUST 31, 2020

According to Troy Walseth , a Florida real estate agent with over 27 years experience, banks don’t typically allow a homeowner to go straight to a short sale unless the amount still owed is more than the current market value of the home. At this point it is now called a bank-owned or real estate-owned (REO) property.

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Short sale Sales Banks Inspection 90

Realty Biz

JULY 19, 2022

Pre-foreclosures are commonly confused with the foreclosure process and REOs (real estate owned by a lender). The bank lists the property with a real estate agent. Some houses will already be listed with real estate agents (owners trying to sell before being foreclosed on).

Purchase and sale agreement 101

Purchase and sale agreement Short sale Loans Inspection 101

Lab Coat Agents

JANUARY 10, 2022

Anyone with the willingness and a small amount of money to invest can invest in real estate. You’ll need a down payment if you wish to invest in tangible real estate (owning the property). You can get them from a real estate agent or a property that is being sold by the owner.

Debt-to-income ratio 59

Debt-to-income ratio Investor Renovation Equity 59

HomeLight

SEPTEMBER 30, 2020

Teaming up with an experienced agent on foreclosure properties and auctions, we’ll answer this question and more — to prepare you for what to expect at a foreclosure auction. John Durham is a successful real estate agent in Henry County, Georgia, and has purchased homes at auction for 16 out of 20 years of his career as a real estate agent.

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Due diligence Hard money loan Finance Banks 98

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). John Collinge , a multi-year top-producer awardee and 11-year top-selling real estate agent out of Anchorage, Alaska, suggests all HUD homebuyers have a cash reserve. Find a HUD-approved agent.

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Pre-approval Pre-qualification FHA loan Inspection 95

HomeLight

AUGUST 31, 2020

Here, we break down the major pros and cons of buying a bank-owned property to demystify the process and prepare potential buyers. What is a bank-owned home? A bank-owned home, also known as “real estate owned” (or REO for short), refers to properties that have been foreclosed with the ownership transferring to the bank or lender.

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Banks Inspection Inspection contingency Title 94

Broke Agent Media

JANUARY 16, 2023

Real Estate Owned or REO properties (foreclosed on and repossessed by a bank). Top takeaways for real estate agents. ATTOM’s report accounts for documents filed for all three phases of foreclosure: . Default — Notice of Default (NOD) and Lis Pendens (LIS).

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Banks Equity Sales Real-estate owned 98

Real Trends

MARCH 7, 2022

Politicians have called for boycotts of Russian oil, and some have even called for seizure of American real estate owned by Russian oligarchs. Gasoline prices in the U.S. rose to $4.06 a gallon on Monday, close to the record high of $4.11 reached during the height of the financial crisis in July of 2008. housing market.

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Marketing Residential Real-estate owned Finance 84

HomeLight

SEPTEMBER 1, 2020

The home is now bank-owned (sometimes also called REO, or “real estate owned”). The process of buying a bank-owned foreclosure. First, it’s worth noting that the term “bank-owned foreclosure” is a bit of a misnomer. Step 1: Find the right agent. Not all agents do! Source: Hans M / Unsplash).

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Banks Inspection contingency Inspection FHA loan 79

HomeLight

FEBRUARY 4, 2022

Here’s a riddle for you: What do government websites, real estate agents, and a drive around the block have in common? Real estate owned, or REO, homes are a result of the foreclosure process , which varies from state to state. The bank will then work with a listing agent to list the home on the MLS.

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Agents Banks MLS Title 81

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. “So There are online tips and tools available to help you find bank-owned homes. REOs for short, these kinds of sales expose buyers to a lot of potential risk.

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Banks Pre-qualification Investor Short sale 104

Real Trends

JANUARY 25, 2023

It can be difficult to predict what’s next in real estate, but one of the best ways real estate agents can protect themselves from dramatic fluctuations in the market is to find a niche. Another possible niche is buyers who need creative financing, such as rent-to-own financing or owner financing.

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Homeowner’s association Finance Agents Short sale 75

HomeLight

MARCH 30, 2022

A skilled real estate agent can guide you through how to sell a house from out of state, providing an elevated level of service. Top Florida real estate agent Dave Gaudreau says one of the more common reasons for an out-of-state sale is a corporate relocation. Work relocation. In 2021, 32.5% Foreclosure.

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Pre-approval Agents Closing MLS 103

HomeLight

MAY 17, 2022

Real Estate Agent. Real Estate Agent at Compass RE Texas. Mary Stewart in Sugar Land , Texas, is in the top 1% of agents in her area for successfully selling homes. Stewart says that foreclosures may not take long to turn over if the mortgage company has already listed the property with an agent.

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Inspection Banks Short sale Title 94

Easy Agent Pro

DECEMBER 29, 2020

It seemed as if every real estate agent on the planet, overnight, became a “foreclosure specialist” or a “short sale expert.”. Horror stories filled the news about homeowners who hired an agent who didn’t know the first thing about distressed property sales. Don’t be like those agents. How to get REO listings.

FHA loan 83

FHA loan Agents Loans Sales 83

HomeLight

MARCH 10, 2023

We tapped two top HomeLight agents to help you navigate the ins and outs of house flipping in the State of New York as well as provide some tips and tricks specific to New York properties. A Top Agent Can Be Your New York Real Estate Investment MVP Interested in flipping a house in New York? Wise agrees.

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House Flipping Renovation Investor Finance 89

HomeLight

SEPTEMBER 30, 2021

“A foreclosed property is a property that has gone through the legal process of foreclosure where the bank seeks to regain ownership of the property to make good on a debt,” explains top Seattle real estate agent Ken Crotts , who works with over 66% more single family homes than the average area agent. REO listings.

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Banks Inspection Equity Investor 105

Real Trends

NOVEMBER 3, 2022

REO, foreclosure and short sales : Becoming an expert in short sales, foreclosures and real estate-owned (REO) listings can result in a steady flow of business. While this market is very niche, the right strategy and solid networking can go a long way. Buyer and seller niches.

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Short sale Real-estate owned Construction Brokerage 105

Real Trends

APRIL 20, 2022

According to estimates from NAR based on Federal Reserve Board data on household real estate and the cost of structures, land value accounts for roughly 40% of house hold real estate assets. Not all land sales had a strong year though.

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Land Sales Residential Commercial 103

The Close

MARCH 15, 2022

Builders were selling homes by lottery, and real estate agents were living large—and so was I. Like many others, I owned multiple properties and I was building custom homes on the side for big profits. As agents, we knew that 100%, no-document lending was wrong, but we didn’t know the consequences. I was fortunate.

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Agents Investor Banks Land 96

The Close

DECEMBER 29, 2022

Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients. It might feel stressful, but handling contingencies well is actually a time when you, as the agent, can really shine.

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Purchase and sale agreement Title Proof of funds Pre-approval 97

Marco Santarelli

APRIL 29, 2021

Due to the pandemic, there are moratoriums on single-family foreclosures and real estate-owned (REO) evictions to keep delinquent homeowners in their homes. The number of properties that received a filing in San Jose, CA was 36% lower than the previous month and 69% lower than the same time last year.

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Marketing Investor Residential Sales 126