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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans.

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Chopra warns of post-COVID housing market fallout

Housing Wire

In his confirmation hearing Tuesday before the Senate Banking Committee , Chopra, President Joe Biden’s choice for director of the Consumer Financial Protection Bureau , emphasized that the CFPB has to be ready for housing market fallout due to the pandemic. Student loan debt is in his crosshairs, too. As one of Sen.

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Charlotte Real Estate Market & Investment Overview 2021

Marco Santarelli

In April 2020, there were currently 892 properties in Charlotte, NC that were in some stage of foreclosure (default, auction, or bank-owned) while the number of homes listed for sale on RealtyTrac is 2,310. Bank Owned. Let us know which real estate markets you consider best for real estate investing!

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

When buying an REO ( real estate owned/lender-owned property ), the banks like to work with cash. But not even they could have predicted the 20% increase in construction materials between January 2021 and 2022. Increases in construction costs could eat away at your flip’s profit, or put you in the red.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Construction loan. This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. 10 Sneaky Real Estate Scams + How to Protect Your Clients (& Yourself). This is the amount of a property that a person (not the bank) actually owns. Contingency. Related Article.

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San Jose Real Estate Market & Investment Overview

Marco Santarelli

In May 2020, there were 208 properties in San Jose, CA that are in some stage of foreclosure (default, auction or bank-owned) while the number of homes listed for sale on RealtyTrac was 436. Bank Owned. San Jose Real Estate Investment Overview. Is San Jose a Good Place Real Estate Investment?

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