Housing Wire

OCTOBER 17, 2023

Walking that thin line is becoming increasingly important as more distressed sales are pushed up-funnel into the pre-foreclosure marketplace — a trend that began developing about 10 years ago and has accelerated in earnest over the last two years.

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MLS Short sale Equity Banks 387

HomeLight

AUGUST 31, 2021

A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. A home goes through several steps before the bank physically takes over the house and sells the property. Let’s take a look at the most common foreclosure sales and how they work. Short sale.

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Pre-approval Short sale Banks Finance 103

HomeLight

AUGUST 16, 2021

So how can you develop that skill that makes the pros so confident — and drives major return on investment? What is an REO sale? These are properties that have been foreclosed , and the ownership has fully transferred to the bank or lender. There are online tips and tools available to help you find bank-owned homes.

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Banks Pre-qualification Investor Short sale 103

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. To figure out the best place to find REO homes, we did a lot of digging and looked at banks, the U.S.

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Agents Banks MLS Title 87

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. The successful flippers are the ones who have developed good relationships with contractors to keep them honest.” Find a Buyer's Agent What is house flipping?

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House Flipping Renovation Investor Finance 95

HomeLight

AUGUST 16, 2021

This means that the homeowner stopped making payments on their mortgage, and the bank seized the property to recoup the funds. Department of Housing and Urban Development (HUD) homes for sale portal. Source: (Maksim Safaniuk / ShutterStock). What houses go up for auction? In most cases, houses at auctions are foreclosures.

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Title Due diligence Finance Inspection 107

Kyle Handy

JANUARY 20, 2023

You want to purchase a property from someone who needs to sell it at a fair value and then renovate it using your knowledge, skills, and connections. To be even more creative, you could target those looking up information about a foreclosed home, what it takes to recover a foreclosed property, or how to navigate a short sale with a lender.

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House Flipping Bankruptcy Investor Renovation 89