Realty Biz

JANUARY 1, 2021

Pre- Foreclosures . A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. The bank has the final decision on an acceptable sale offer.

Short sale 116

Short sale Pre-approval Banks Loans 116

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 95

Pre-approval Short sale Banks Finance 95

Point2Homes

JUNE 23, 2021

Often, dealing with the bank directly can allow you to pace your home buying decision and even provide a better deal. 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.

Pre-approval 71

Pre-approval Banks Title search Inspection 71

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. If you’re searching for HUD homes, you won’t find them on most real estate sites. Source: (Jeremy Yap / Unsplash).

Pre-approval 91

Pre-approval Pre-qualification FHA loan Inspection 91

HomeLight

MARCH 30, 2022

Selling a house is rarely easy — but it certainly helps if you’re physically nearby to coordinate repairs, approve paint colors, or pop by during your lunch break to check on things. A skilled real estate agent can guide you through how to sell a house from out of state, providing an elevated level of service. Work relocation.

Pre-approval 100

Pre-approval Agents Closing MLS 100

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of the mortgaged property and selling it. KEY TAKEAWAYS Foreclosure is a legal process that allows lenders to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property.

Pre-approval 59

Pre-approval Banks Loans Mortgages 59

The Close

DECEMBER 29, 2022

And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. If you want to work with real estate investor clients, read our own Sean Moudry’s simple, yet thorough run down: “ How to Explain 1031 Exchange Rules to Your Clients.” Adjustment date.

Purchase and sale agreement 98

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