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. Buyers should arrange financing with a bank or mortgage lender ahead of time. No problem!

Pre-approval 97

Pre-approval Pre-qualification FHA loan Inspection 97

The Close

DECEMBER 29, 2022

This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. Due diligence period. What if your clients are asking about their due diligence period? 10 Sneaky Real Estate Scams + How to Protect Your Clients (& Yourself). Deed in lieu of foreclosure.

Purchase and sale agreement 97

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