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Working Distressed Properties: How to Navigate and Win in This Evolving Market

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Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Today, she has sold more than 4,000 homes total and around 2,500 of those have been foreclosures or short sales. I believe it’s gonna be a short sale market personally, until next year. Auction.com.

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How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

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Everyone involved will need time to perform their due diligence. While this typically takes just a few days, if the home has been through a foreclosure or short sale, it could take longer. The sale can’t close until these liens have been cleared. Bankruptcy. What if the seller has declared bankruptcy?

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Eliminating Stringent Contingencies: How to Make a Contingent Offer Stronger

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Claims most often arise from family disputes or divorce proceedings, while property liens can be tied to debts owed to contractors, unpaid taxes, bankruptcy, and more. Short sale or bank approval contingencies. Buyers have to be willing to move forward with their due diligence right away,” says Lagrois.

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25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

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There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says. We do all the due diligence upfront,” he says. Get it ASAP and look it over thoroughly.

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How to Get Cash for Your Home: A Step-by-Step Guide

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Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. The next step is to “ clear title ,” a process that shows the house is free of any liens, judgments, or bankruptcies that would prevent the transfer of ownership. Put a voice to a name.