Banks Inspection Mortgages Real-estate owned 
Housing Wire
FEBRUARY 22, 2024
Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?
HomeLight
AUGUST 31, 2020
Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. The reality is, there are a variety of substantial pros and cons that any would-be buyer should weigh seriously before purchasing a bank-owned property.
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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?
HomeLight
AUGUST 31, 2020
You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? The path to foreclosure begins with a homeowner struggling to make their mortgage payments. Distressed or short sales.
Point2Homes
JUNE 23, 2021
Often, dealing with the bank directly can allow you to pace your home buying decision and even provide a better deal. Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank.
Realty Biz
JULY 19, 2022
Pre-foreclosures are commonly confused with the foreclosure process and REOs (real estate owned by a lender). This is seldom the best time to buy a house because you don’t have an opportunity to inspect the interior of the house and foreclosed owners often do a lot of damage including taking the kitchen sink on their way out.
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.
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