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.

Pre-approval 97

Pre-approval Short sale Banks Finance 97

HomeLight

SEPTEMBER 30, 2020

While investors are known to attend and bid at foreclosure auctions, you can do it, too. You can pay for the house with a cashier’s check, which is issued by a bank. You can get financing for foreclosed and auction properties… but prepare for some potential obstacles, as well as long approval times from the bank.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

HomeLight

MARCH 10, 2023

Investors and individuals are drawn to house flipping in the state of New York because it can be creatively satisfying as well as a very lucrative venture, with flippers earning an average profit of $56,400 in the Empire State. Wise says most of the investors in his area are looking for a 15%-20% profit.

House Flipping 88

House Flipping Renovation Investor Finance 88