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What are Preforeclosure Homes? Plus, How to Buy One

Redfin

This notice informs the homeowner that they have missed a specified number of mortgage payments and are in default of their loan agreement. Address missed payments or initiate home sale Once a homeowner receives a Notice of Default, they have several options to address the situation. Now, let’s get started.

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How Long to Keep Paperwork After Selling a House: 8 Common Situations To be Aware Of

Redfin

Read this Redfin article to find out a few of the most common home sale scenarios and their recommended document retention periods. You should keep paperwork related to the sale of your house for several years after the sale — often at least seven — especially if the sale involved a large gain, home improvements, or any unusual circumstances.

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What Is A Short Sale and Is It A Good Idea As A Buyer?

HomeLight

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale.

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Short Sale Closing Costs: What Buyers Should Know

HomeLight

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender.

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How Long Does a Short Sale Take? What to Expect When You’re Buying Short

HomeLight

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.

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How to get listings in real estate: 11 proven strategies for 2024

Housing Wire

As overall home sales decline on a national level, signing listings is more difficult than ever for agents of all experience levels. Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers.

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Selling a House ‘As Is’ in Indiana

HomeLight

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. Looking to sell a house “as is” in Indiana?