Bankruptcy Real-estate owned Short sale 
Housing Wire
AUGUST 5, 2025
Depending on where they are in the process, they might still be living in the home (also called pre-foreclosure), actively listed for auction or already repossessed by the bank (referred to as real estate owned or REO). Tip 2: Offer multiple solutions Not every homeowner is looking for a quick sale.
AAOA
MAY 5, 2025
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.
The Close
MARCH 15, 2022
One year later, in September 2008 when Lehman Brothers—the nation’s fourth-largest investment bank—filed for Chapter 11 bankruptcy, it signaled the start of the largest real estate crash of our lifetime. Short sales and foreclosures quickly became the norm. It was like someone turned off Niagara Falls.
Expert insights. Personalized for you.
Let's personalize your content