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. A BPO can help you understand whether a foreclosure is priced reasonably.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

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 93

Pre-approval Short sale Banks Finance 93

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.

Pre-approval 71

Pre-approval Banks Title search Inspection 71

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. And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98