Realtor.com

JANUARY 29, 2023

Foreclosure is a scary word and it’s become a real concern for homeowners as the economy continues to fluctuate. If you’re a few days late on a mortgage payment, don’t panic—the bank isn’t going to confiscate your house. Contact your bank right away, and they may be able to find a way to work with you.” That’s good news.)

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Banks Loans Mortgages Real-estate owned 104

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.

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Pre-approval Banks Title search Inspection 71

Realty Biz

JANUARY 1, 2021

These homes are usually listed as a short sale with the words – pending bank approval. The bank has the final decision on an acceptable sale offer. In some cases a bank could take months to accept an offer. The wave of foreclosures that the recession brought on changed the painstaking process of searching for them.

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Short sale Pre-approval Banks Loans 116

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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Short sale Sales Banks Inspection 90

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.

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Pre-approval Short sale Banks Finance 99

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. “One These are properties that have been foreclosed , and the ownership has fully transferred to the bank or lender. There is never a perfect investment situation.

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Banks Pre-qualification Investor Short sale 104

CT Homes

NOVEMBER 11, 2021

Regardless, evicting problematic tenants is a natural part of ensuring landlords and rental property owners profit from their real estate investments. A cash for keys arrangement entails the landlord (or bank in a foreclosure) agreeing to pay the tenant an agreed-upon monetary amount to vacate the property.

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Real-estate owned Banks As-is Investor 64

Realty Biz

JULY 19, 2022

However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. 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.

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Purchase and sale agreement Short sale Loans Inspection 102

HomeLight

SEPTEMBER 30, 2020

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. An experienced real estate agent can also help you find upcoming foreclosure auctions. But how do foreclosure auctions work?

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Due diligence Hard money loan Finance Banks 98

The Residential Specialist

DECEMBER 21, 2022

Several years later, it came back to me as a real-estate owned (REO) property,” recalls Foster. After the bank appraised the property and priced it accordingly, the home eventually was sold to an owner-occupant for roughly $60,000 less than the market rate at that time. Marketing stigmatized homes. State Disclosure.

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Agents Real-estate owned Banks Investor 52

HomeLight

JUNE 28, 2021

The brief answer is that these government-owned homes become available anytime a purchaser defaults on an FHA-insured loan, sending the property into foreclosure. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). Source: (Jeremy Yap / Unsplash). What is HUD?

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Pre-approval Pre-qualification FHA loan Inspection 95

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. Source: (Roger Starnes Sr / Unsplash). What is an REO home?

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Agents Banks MLS Title 81

HomeLight

MAY 17, 2022

Generally, lenders will take much less than top dollar for a foreclosure, which is good news for anyone looking to score a deal on real estate. Maybe the allure of a quick win or the challenge of scoring a good deal is too good to resist. Is buying a foreclosed house for dummies a hack that would work for you? Foreclosure.

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Inspection Banks Short sale Title 94

HomeLight

SEPTEMBER 30, 2021

You see foreclosures listed on your favorite real estate sites, but what does that term really mean ? “A If somebody hasn’t made their payments for a period of time, the law allows the bank to repossess the property to make good on the debt,” states Crotts. Questions like: How does buying a foreclosure work?

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Banks Inspection Equity Investor 105

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. A skilled real estate agent can guide you through how to sell a house from out of state, providing an elevated level of service. People selling a home from out of state don’t have that luxury.

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Pre-approval Agents Closing MLS 103

Easy Agent Pro

DECEMBER 29, 2020

Economists are, for the most part, predicting a red-hot year for real estate in 2021. As in all things real estate-related, location is paramount when deciding whether to spend your limited and valuable time on how to get foreclosure listings. Ready to learn how to get foreclosure listings? This comes as “More than 3.3

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FHA loan Agents Loans Sales 83

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.

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Pre-approval Banks Loans Mortgages 59

Marco Santarelli

MARCH 24, 2021

Until March 2020 the real estate sales were going steady in the entire Charlotte Metropolitan Statistical Area. Analyzing real estate data from multiple sources gives us a much broader perspective of the direction in which a market is moving. As you can see the Charlotte real estate market isn't cooling off as yet.

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Marketing Purchase and sale agreement Investor Sales 120

HomeLight

MARCH 10, 2023

If you are considering flipping houses in NY, HomeLight always encourages you to reach out to an advisor regarding your own situation. A top real estate agent can help. DISCLAIMER: This article is meant for educational purposes only and is not intended to be financial or legal advice. Find a Buyer's Agent What is house flipping?

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House Flipping Renovation Investor Finance 89

Housing Wire

MARCH 3, 2021

In his confirmation hearing Tuesday before the Senate Banking Committee , Chopra, President Joe Biden’s choice for director of the Consumer Financial Protection Bureau , emphasized that the CFPB has to be ready for housing market fallout due to the pandemic. Student loan debt is in his crosshairs, too. As one of Sen.

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Marketing Loans Banks Real-estate owned 525

Marco Santarelli

MARCH 15, 2021

If you are looking at buying real estate in Philadelphia in 2021, you must read until the end. Philadelphia is a hot seller's real estate market by all housing indicators. PHILADEPHIA IS A SELLER’S REAL ESTATE MARKET. Housing data by Bright MLS, Inc. While it is deemed reliable, it is not guaranteed.

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Marketing Investor Sales As-is 127

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.

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

The Close

MARCH 15, 2022

That’s why I decided to write this article explaining what a real estate bubble is, if we’re in one now, and most importantly, if or when I think the bubble might pop. Ask a real estate CEO or economist and they’ll tell you that there are many factors contributing to the current and massive housing appreciation throughout the U.S.

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Agents Investor Banks Land 98

Housing Wire

JULY 30, 2021

Most of the nation’s 44 million rental households are owned by private companies with sometimes complex financing from commercial banks and insurance companies. Both the FHA and FHFA eviction ban extensions apply to their stock of foreclosed or real-estate owned (REO) properties. were delinquent and 10.0%

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Finance Commercial Real-estate owned Banks 462

Marco Santarelli

APRIL 29, 2021

We will discuss the latest San Jose real estate market trends. San Jose Remains a Seller's Real Estate Market in 2021. San Jose Remains a Seller's Real Estate Market in 2021. In other words, there are many interested buyers, but the real estate inventory is low. Data by C.A.R. year-over-year.

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Marketing Investor Residential Sales 127