Remove Bankruptcy Remove Inspection Remove Short sale
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How to find foreclosure leads and turn them into clients

Housing Wire

Network with real estate attorneys and bankruptcy professionals When someone’s in financial trouble, their first call usually isn’t to a real estate agent – it’s to an attorney. That’s why real estate attorneys, bankruptcy lawyers and even probate professionals can be incredible sources of foreclosure leads. That’s where you come in.

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Distressed Property: What It Is And How To Invest

AAOA

Sometimes, life throws the owner curveballslike divorce, bankruptcy, or forced liquidationwhich can also lead a property down this path. Short Sales: Short sales happen when a property is sold for less than the outstanding mortgage balance, typically with the lenders permission.

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

HomeLight

While this typically takes just a few days, if the home has been through a foreclosure or short sale, it could take longer. Inspections: One week to book; 2 to 4 hours to complete. An inspection can identify a serious hidden problem which could impact the home’s value. Bankruptcy.

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The ‘Should I Do it?’ Guide to Selling a House ‘As Is’

HomeLight

The buyer can still request repairs: Even if the home is listed “as is,” the buyer can still order an inspection after making an offer and request repairs to areas of concern that come up on the inspection. The potential buyer still has the right to ask for a home inspection even if you state you’d like to sell “as is.”

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What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. So he knows all the twists and turns that can occur between an accepted offer and a closed sale. Inspection contingencies. Inspection contingencies can be waived. Let’s take a look at a few of the most common ones.

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

HomeLight

Inspection period. Jackson says there’s a decent chance a cash buyer will still include an inspection contingency in the contract — especially if they are offering closer to market value. Pay attention to the number of days allotted for the cash buyer to complete their inspection. Step 6: Pass the inspection.

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

HomeLight

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.