Realty Biz

JUNE 20, 2023

REOs: If a property does not sell at auction, it becomes a real estate-owned property, owned by the bank or lender. Buying an REO property often involves less risk than an auction, as you can inspect the property and clear any title issues. You want a property with a clean title, or at least an understanding of what you're taking on.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

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. Your real estate agent should be able to search for homes in pre-foreclosure. Bank-owned/REO sale.

Pre-approval 103

Pre-approval Short sale Banks Finance 103

Marco Santarelli

DECEMBER 22, 2020

Real estate or mortgage note investing is owning real estate without property management or without becoming a landlord where the homeowner pays the investor instead of the bank. One of the major differences between real estate mortgage notes is the loan terms. Fixed-Rate Mortgage Loans. The Graduated Payment Mortgage.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122