HomeLight

SEPTEMBER 1, 2020

But then, it went into foreclosure and didn’t sell at auction, so now it’s listed as an REO, or real estate-owned property. Even experienced homebuyers who’ve already bought and sold a few homes will find the process much different, and they will also need an agent who specializes in REO sales. What’s an REO home?

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Banks Agents Sales Short sale 84

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. Researching Foreclosures Start your search by understanding the real estate market in your area. Real estate agents specializing in foreclosures can also provide you with listings and valuable insights.

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Due diligence Hard money loan Inspection Title 74

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. “The bank doesn’t want the property back,” says Beverley Hourlier , a real estate agent in San Diego. KLH49/iStock What is a foreclosure? Here’s what you need to know. That’s good news.)

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Banks Loans Mortgages Real-estate owned 104

Realty Biz

JANUARY 1, 2021

If a homeowner chooses to sell the property to avoid actual foreclosure they are usually ready to negotiate on the sale price of the home. Short Sales . A short sale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. Jordan Matin, Portland Homes for Sale.

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Short sale Pre-approval Banks Loans 116

Realty Biz

JULY 19, 2022

This article might be premature because across most of the country home sales continue happening rapidly. However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. The REO sales process is much the same as any traditional sales process.

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Purchase and sale agreement Short sale Loans Inspection 101

Real Trends

JULY 3, 2023

With 30 years of real estate experience, Jon Salvador, a Burlington, Iowa-based Century 21 Property Professionals agent, is without a doubt and industry veteran. million in sales volume, good enough for the No. Brooklee Han: Can you tell me about how you got your start in real estate?

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Agents Industrial Short sale As-is 103

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. Short sale.

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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. Are REOs Worth It?

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Pre-approval Banks Title search Inspection 71

McKissock

NOVEMBER 13, 2020

If a mortgage lender acquires the title to a property as the result of a foreclosure, the property is called an “REO” property, which is short for “Real Estate Owned.” However, inspecting these types of properties can be dangerous. Additionally, you may encounter environmental hazards such as mold. Safety tips for appraisers.

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Inspection Short sale Title Real-estate owned 88

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale?

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HomeLight

AUGUST 31, 2020

Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. The reality is, there are a variety of substantial pros and cons that any would-be buyer should weigh seriously before purchasing a bank-owned property.

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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. Residential Real Estate Report found that between April 2015 and March 2021, foreign buyers accounted for 1.8% existing home sales purchases and Russians made up 0.8%

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Marketing Residential Real-estate owned Finance 84

Housing Wire

MAY 8, 2024

In origination, improved gain-on-sale margins for Home Equity Conversion Mortgages (HECMs) that were driven by tighter HECM yield spreads “were mostly offset by a decline in overall origination volumes,” he added. But Penn is looking ahead with optimism. And so we expect Longbridge to contribute positively to our ADE in the second quarter.”

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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. Buying a HUD home isn’t like traditional home sales. Looking for a way to snag a home at a steal of a deal? Source: (Jeremy Yap / Unsplash). What is HUD? Johnson in 1965.

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Pre-approval Pre-qualification FHA loan Inspection 94

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. Durham says that in Georgia, foreclosures must be advertised for four weeks leading up to the sale. “If But how do foreclosure auctions work?

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Due diligence Hard money loan Finance Banks 98

Housing Wire

NOVEMBER 28, 2023

An abundance of housing supply will diminish home prices while a shortage of homes available for sale will escalate prices. An abundance of housing supply will diminish home prices while a shortage of homes available for sale will escalate prices. It’s basic math, but how we got to this point is more complex.

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HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. A date for a foreclosure auction is announced.

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Banks Inspection contingency Inspection FHA loan 78

Housing Wire

MAY 31, 2021

As the real estate industry braces for the end of forbearance moratoriums, housing experts are anticipating an increase in foreclosures and REO activity. In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more. c client needs.”.

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Technology Investor Short sale Real-estate owned 379

Housing Wire

FEBRUARY 7, 2024

And special attention should be paid to Native American housing markets, which would include an increase in “conventional lending on trust land and secondary market sales of trust land mortgages.” mortgage finance system. Additionally, the GSEs should develop “better loan products” to serve the single-family market.

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Land lease Land Lending Equity 414

Lab Coat Agents

JANUARY 10, 2022

It’s a frequent misperception that you need to be affluent or a real estate specialist to invest in real estate. The truth is that everybody can invest in real estate somehow, even if they have a small amount of money to begin with. What Does It Mean to Invest in Real Estate?

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Debt-to-income ratio Investor Renovation Equity 59

Real Trends

APRIL 20, 2022

Land sales saw their best year in nearly a decade in 2021, according to the 2021 Land Market Report from the Realtors Land Institute (RLI) and the National Association of Realtors (NAR) released on Tuesday. Year over year, land sales rose 6% in 2021, outperforming the pace of acquisitions of other commercial real estate types.

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Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. It can also factor in the effects of local events like foreclosures and recent sales.

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Technology Mortgages Commercial Inspection 412

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. They’re all great ways to find REO homes in your area. What is an REO home?

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Agents Banks MLS Title 80

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. Before you get started down the road toward buying a foreclosure, it’s good to know the different types of sales that you might encounter. Preforeclosure. Foreclosure.

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Inspection Banks Short sale Title 93

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 102

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. It’s also important to note that luxury home sales are just as uncertain as any other type of home.

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Homeowner’s association Finance Agents Short sale 75

HomeLight

SEPTEMBER 30, 2021

You see foreclosures listed on your favorite real estate sites, but what does that term really mean ? “A REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it. These opportunities might include: Pre-foreclosure sale. REO listing.

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Banks Inspection Equity Investor 104

Real Trends

NOVEMBER 3, 2022

While some niches, such as luxury real estate, draw in a fair amount of competition, lesser-known niches might not. Below are twenty smaller real estate niches that can result in major profit if approached correctly. Below are twenty smaller real estate niches that can result in major profit if approached correctly.

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Short sale Real-estate owned Construction Brokerage 105

Marco Santarelli

MARCH 24, 2021

Continuing the Charlotte-area housing market's hot streak, home sales and the median price paid for those homes rise in February. Low mortgage interest rates, high demand and a shortage of homes continue to fuel the Charlotte real estate market and drive prices higher. The median sale price was $312K. year-over-year.

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Marketing Purchase and sale agreement Investor Sales 119

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

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. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Find a Buyer's Agent What is house flipping?

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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. It means that the demand from buyers is exceeding the current supply of homes for sale.

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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

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. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. The catch is that they must sell one property and buy a similar one within a set time frame.

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

Marco Santarelli

APRIL 29, 2021

We will discuss the latest San Jose real estate market trends. A lack of homes for sale is pushing prices up, so potential buyers are facing an affordability crunch. 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.

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Marketing Investor Residential Sales 126

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 96