HomeLight

AUGUST 31, 2021

You’re reading through a new MLS listing, and you believe you found your ideal home. 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. Short sale.

Pre-approval 99

Pre-approval Short sale Banks Finance 99

HomeLight

SEPTEMBER 30, 2020

They have access to MLS listings and can advise you on how to approach the auction — and this includes knowing what amount to spend. For someone who has never done [an auction] before, just handing out $100,000 or $200,000 of their money, and they don’t know what they’re getting — it’s pretty scary,” says Durham.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

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. I know a lot of people who were doing fix-and-flips through borrowing and bridge loans, but now, with high interest rates and more challenging timelines, it is not as successful.

House Flipping 89

House Flipping Renovation Investor Finance 89