HomeLight

AUGUST 31, 2021

Distressed sales accounted for just 1% of all home sales in April 2021. Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure.

Pre-approval 97

Pre-approval Short sale Banks Finance 97

Marco Santarelli

OCTOBER 23, 2023

However, this process can take several years and may not result in a clear title for the buyer. The deed will show you who has legal title to the property and whether there are any liens or mortgages on it. The answer is not so simple, as there are many factors and laws that affect the status and ownership of abandoned properties.

Purchase and sale agreement 52

Purchase and sale agreement Title Short sale Banks 52

HomeLight

JULY 31, 2020

Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. It almost certainly will not move as quickly as anticipated. Loan approval.

Closing 110

Closing Purchase and sale agreement Title search Earnest money deposit 110

HomeLight

DECEMBER 30, 2021

Matt Laricy is a top agent in Chicago , completing 41% more sales than the average agent in his area. Buying a house is a pretty big deal. If you work with a buyer’s agent, you’ll sign a contract. At some point, you might ask yourself: Should a lawyer be involved? At some point, you might ask yourself: Should a lawyer be involved?

Purchase and sale agreement 75

Purchase and sale agreement Title Short sale Closing 75

HomeLight

DECEMBER 31, 2020

Real estate attorneys help sellers, buyers, and their agents resolve various issues surrounding the title, clarify whether someone can back out of a deal, and even act as go-betweens when buyers and sellers become acrimonious. “I A home sale might involve obtaining an easement for the buyer to access this part of the driveway legally.

Title 97

Title Short sale Inspection Closing 97

RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. The document includes loan terms, monthly payment and closing costs.

Pre-approval 71

Pre-approval Pre-qualification Title search Inspection 71

Keeping Current Matters

OCTOBER 21, 2020

A decade ago, there wasn’t a forbearance option, and most banks did not put in other programs, like modifications and short sales, until very late in the crisis. The real estate market has a shortage of listings for sale. Here is why this time is different. There Will Be Very Few Strategic Defaults.

Equity 209

Equity Banks Closing costs Loans 209

Point2Homes

JUNE 4, 2021

It’s also essential to run a title search on the property. Auction sales usually have the lien amount listed, and you can use it as a starting point for planning your budget. Look up what other properties are worth in the area and run some comparable sales searches to get an idea of the median property value. Establish a Budget.

Title search 96

Title search Title Inspection Short sale 96

Realty Biz

AUGUST 9, 2023

Complex Transactions : If you're dealing with a particularly complicated property transaction, such as foreclosures, short sales, or if there are liens on the property, an attorney's expertise can be invaluable. An attorney can guide you through the local regulations and ensure everything is handled legally.

Purchase and sale agreement 52

Purchase and sale agreement Mortgages Short sale Commercial 52

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.

Inspection 88

Inspection Short sale Title Real-estate owned 88

The Close

AUGUST 18, 2022

Real estate prospecting letters—letters agents send to buyers, FSBO, FRBO and Expired listing homeowners—are still one of the best ways to generate leads in 2022. Here’s why: older homeowners respond very well to snail mail delivered by the good old USPS. Expired Listing Prospecting Letters. Older Expired Prospecting Letter. copy to clipboard.

Purchase and sale agreement 98

Purchase and sale agreement Title Closing Short sale 98

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

VA loan 69

VA loan Purchase and sale agreement Short sale Pre-approval 69

McKissock

APRIL 30, 2021

As a real estate appraiser, whether you’re considering the current terms of sale or analyzing previous sales of the subject property or comparable sales, it is imperative to know whether a sale is an arms-length transaction or a different type of sale. Short sale. Court ordered sale.

Sales 88

Sales Short sale Real-estate owned Title 88

HomeLight

JANUARY 3, 2022

An agent-assisted sale is likely to benefit from the competition of the open market in which buyers make connections with homes and often bid with their emotions. In addition, the risks of a settlement cancellation or delay are higher with a traditional sale, especially if the buyer is purchasing the home with a mortgage.

Agents 94

Agents Title Inspection Title search 94

HomeLight

SEPTEMBER 21, 2020

So if you’re selling a home with a lis pendens, you have a formal notice of a pending lawsuit on a property that could interfere with the sale. “A Typically the claim involves either the title to the property or a claimed ownership interest in it. A lis pendens is recorded on the title of the home, just like any other lien or mortgage.

Title 92

Title Banks Investor Title search 92

Realty Biz

AUGUST 4, 2020

This is the first step that many house sellers take when they are ready to list the house for sale. Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. I’m in big trouble.

Equity 59

Equity Short sale Investor Title 59

HomeLight

APRIL 15, 2022

We also include information about HomeLight’s Simple Sale platform, an online home-selling program that provides competitive all-cash offers for homes across the country. A couple in Atlanta is ready to sell their charming and recently renovated three bed, two bath brick two-story home. As two busy working parents, stress levels are high.

Title 84

Title House Flipping Title search Sales 84

HomeLight

SEPTEMBER 1, 2020

In a normal home sale, if the home inspection finds issues, you can negotiate with the seller. But with an REO sale, you generally won’t get an additional discount on the price or to ask for repairs. A home that goes to auction is often a cash-only sale, which may be outside your reach. Source: Clara Lilley / Unsplash).

Banks 83

Banks Agents Sales Short sale 83

HomeLight

SEPTEMBER 1, 2020

If the homeowner fails to catch up on their payments by the auction date, the home is auctioned for sale. You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Bank-owned property sales work a little differently and can often take a bit longer.

Banks 78

Banks Inspection contingency Inspection FHA loan 78

HomeLight

MAY 23, 2022

Josh Muncey , a real estate agent with over $500 million in career sales and 16 years of experience selling in greater Boston, Massachusetts, says, “it’s hard to find a market in the Boston area that’s not feeling red hot lately.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

As-is 92

As-is Inspection Investor Sales 92

HomeLight

MARCH 30, 2021

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

Short sale 60

Short sale Sales Pre-approval Closing costs 60

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 lender may also make any repairs needed to ensure the house is livable before listing it for sale. An REO should be free of liens or other title issues.

Banks 93

Banks Inspection Inspection contingency Title 93

HomeLight

AUGUST 16, 2021

Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | Stitcher | YouTube. The headlines change almost every day. They’ll need a professional’s help. Auction.com.

Marketing 75

Marketing Short sale Bankruptcy Banks 75

HomeLight

JUNE 23, 2023

A house can avoid probate if it’s automatically passed on to survivors via a living trust , joint ownership , community property law , or transfer-on-death deed. So what happens to a house in probate? Step one: Talk to an expert! Selling your house soon? In many cases the spouse receives the house as the sole beneficiary.

Probate sale 90

Probate sale Agents Sales Closing 90

HomeLight

MAY 19, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Maryland. Looking to sell a house “as is” in Maryland? They want to sell as-is.”. Disclosures.

As-is 100

As-is Inspection Investor Closing costs 100

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Looking to sell a house “as is” in North Carolina?

As-is 85

As-is Purchase and sale agreement VA loan Inspection 85

HomeLight

OCTOBER 27, 2021

Property value is how much a house is worth (or would be worth) if the owner were to list it for sale today. Ricky Ruiz is an agent in Las Vegas who completes 15% more sales than other agents in his area. Real estate agents might help a seller determine how much a house is worth when it’s listed for sale. What is property value?

Sales 72

Sales Title Agents As-is 72

HomeLight

MAY 23, 2022

Either there are a couple of issues with the house that they want to disclose but not necessarily repair or they’re selling a house as part of an estate sale and don’t know a lot about it.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Wisconsin.

As-is 107

As-is Inspection Investor Closing costs 107

Realty Biz

APRIL 12, 2021

Buying or selling a house is a huge deal, and it’s one of the most critical financial choices you’ll ever make. Finding an experienced real estate agent to help you through the process is crucial. In competitive markets at Reidsville, NC, buyers will need a preapproval letter before considering your bid. Brokers also employ many agents.

Purchase and sale agreement 103

Purchase and sale agreement Agents Short sale As-is 103

HomeLight

MAY 23, 2022

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?

As-is 97

As-is Purchase and sale agreement Inspection Closing costs 97

The Close

DECEMBER 27, 2022

But it took time and experience to figure out the particular moments in a real estate market cycle that are better for different types of investing. While tracking market cycles is widely accepted in the stock market, it has been strangely ignored in real estate investing. Understanding Real Estate Market Cycles. The reverse of this is also true.

Investor 91

Investor Staging Marketing Banks 91

HomeLight

JUNE 16, 2023

And one of the biggest differences is that auction sales are almost always for cash. The amount a buyer can save varies depending on the supply of foreclosures; when there aren’t many foreclosures, the discounts available at foreclosure sales aren’t as steep as they might be at another time.

Hard money loan 78

Hard money loan Equity Finance Loans 78

HomeLight

SEPTEMBER 30, 2020

While investors are known to attend and bid at foreclosure auctions, you can do it, too. The key is to know where to look and understand the dynamics of the process. But how do foreclosure auctions work? Source: (Deelin / Pexels). What is a foreclosure auction? What is a foreclosure auction? Where can you find foreclosure auctions?

Due diligence 98

Due diligence Hard money loan Finance Banks 98

HomeLight

FEBRUARY 28, 2022

Whatever the case, a We Buy Houses for Cash company could be the best solution if you’re looking for a quick and easy sale. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Colorado. Get an offer in as few as 48 hours and close in as little as 10 days. Request Offer.

Closing costs 78

Closing costs Closing Sales Staging 78

HomeLight

AUGUST 24, 2022

Maybe your company is transferring you from Atlantic City to Las Vegas, and you don’t have time for a lengthy home sale process. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in New Jersey. Links and mentions of companies in this post do not constitute an endorsement.

Closing costs 77

Closing costs Purchase and sale agreement Closing Staging 77

HomeLight

AUGUST 10, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Atlanta. Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Request Offer.

Closing costs 77

Closing costs Purchase and sale agreement Closing Inspection 77

HomeLight

FEBRUARY 17, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Texas. The seller is living out of state and prefers the ease of a cash sale. Get an offer in as few as 48 hours and close in as little as 10 days. Request Offer. Working with house-buying companies in Texas.

Closing costs 74

Closing costs Closing Sales Staging 74