HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

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HomeLight

AUGUST 31, 2021

We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties. A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. Short sale.

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Realty Biz

JULY 19, 2022

Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. Pre-foreclosures are commonly confused with the foreclosure process and REOs (real estate owned by a lender). Buying Pre-foreclosures as Short Sales.

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Purchase and sale agreement Short sale Loans Inspection 101

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale?

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HomeLight

SEPTEMBER 30, 2021

You see foreclosures listed on your favorite real estate sites, but what does that term really mean ? “A If somebody hasn’t made their payments for a period of time, the law allows the bank to repossess the property to make good on the debt,” states Crotts. But let’s back up a minute. Essentially, foreclosure works like this.

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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. According to Wise, putting in a little sweat equity on the interior work can improve your profit margin. “If Find a Buyer's Agent What is house flipping? Wise agrees.

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The Close

DECEMBER 29, 2022

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. 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).

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