HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. These are properties that have been foreclosed , and the ownership has fully transferred to the bank or lender. Source: (Andre W. Nguyen / Unsplash). What is an REO sale?

Banks 104

Banks Pre-qualification Investor Short sale 104

HomeLight

JUNE 28, 2021

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

Pre-approval 94

Pre-approval Pre-qualification FHA loan Inspection 94

The Close

DECEMBER 29, 2022

Clients might be interested in an ARM because it allows borrowers to take advantage of interest rate decreases without having to go through a whole refinance process and pay additional closing costs. Closing costs. Clients will need an exact accounting of the total amount owed in closing costs.

Purchase and sale agreement 97

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