Marco Santarelli

APRIL 29, 2021

We will discuss the latest San Jose real estate market trends. The San Jose's housing market is infamously expenisve. San Jose Remains a Seller's Real Estate Market in 2021. A seller's market arises when demand exceeds supply. Median Days on Market was 8. year-over-year.

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Marketing Investor Residential Sales 126

HomeLight

MAY 17, 2022

Generally, lenders will take much less than top dollar for a foreclosure, which is good news for anyone looking to score a deal on real estate. But if you’re not an experienced investor who has a background in fixing up homes to flip or rent, buying a foreclosure might not be a strategy you want to tackle on your own immediately.

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Inspection Banks Short sale Title 99

The Close

MARCH 15, 2022

I’ve been in real estate for 27 years and I’ve never seen anything like this market. These days, instead of getting asked about how to win bidding wars, my clients and friends constantly ask me if we’re in a real estate bubble that’s ready to pop. Free Template: Housing Market Infographic. It gets worse.

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Agents Investor Banks Land 97

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. Source: (Roger Starnes Sr / Unsplash).

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Agents Banks MLS Title 87

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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Banks Inspection Equity Investor 109

Broke Agent Media

JANUARY 16, 2023

Foreclosure Market Report, which shows double the amount of foreclosure activity compared to 2021. . Bank repossessions are down 70% from 2019 and down 96% from 2010. Foreclosure Market Report , which shows double the amount of foreclosure activity compared to a year ago. Foreclosure Market Report. properties in 2022.

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Banks Equity Real-estate owned Sales 98

Point2Homes

JUNE 23, 2021

Distressed properties can be a very attractive option for both homebuyers and investors. Often, dealing with the bank directly can allow you to pace your home buying decision and even provide a better deal. Foreclosure: the bank will begin the legal proceedings against the owner and the property will go into foreclosure.

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Pre-approval Banks Title search Inspection 71

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? That said, such a home can likely be purchased for fair-market value.

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Short sale Sales Banks Inspection 95

Realty Biz

JULY 19, 2022

However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. Investors are looking at the current economic situation and anticipating that an even bigger spike in foreclosures is on the horizon. The bank lists the property with a real estate agent.

Purchase and sale agreement 101

Purchase and sale agreement Short sale Loans Inspection 101

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. Auction sale.

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Pre-approval Short sale Banks Finance 103

Real Trends

JANUARY 25, 2023

After a record-setting year in 2021, when homes sold within hours of being listed, the market cooled drastically in 2022 as mortgage rates rose. It can be difficult to predict what’s next in real estate, but one of the best ways real estate agents can protect themselves from dramatic fluctuations in the market is to find a niche.

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Homeowner’s association Finance Agents Short sale 75

Rent, Buy & Sell

JANUARY 20, 2023

If the foreclosure is approved, the local sheriff auctions the property to the highest bidder to try to recoup what the bank is owed, or the bank becomes the owner and sells the property through the traditional route to recoup its losses. Foreclosure Market Report from ATTOM Data Solutions, a property data provider.

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Pre-approval Banks Loans Mortgages 59

HomeLight

MARCH 10, 2023

If you are considering flipping houses in NY, HomeLight always encourages you to reach out to an advisor regarding your own situation. Most flippers who are successful have found off-market deals, in some cases, going direct to sellers and negotiating a deal,” Procopio says. Different investors are looking for different ROIs,” he says.

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House Flipping Renovation Investor Finance 95

HomeLight

SEPTEMBER 30, 2020

While investors are known to attend and bid at foreclosure auctions, you can do it, too. An online option like a real estate owned (REO) property, you’re not spending any money into it,” says Durham. This can sometimes push the home over its actual market value. But how do foreclosure auctions work? Absolute bid.

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Due diligence Hard money loan Finance Banks 98

The Residential Specialist

DECEMBER 21, 2022

Several years later, it came back to me as a real-estate owned (REO) property,” recalls Foster. After the bank appraised the property and priced it accordingly, the home eventually was sold to an owner-occupant for roughly $60,000 less than the market rate at that time. Marketing stigmatized homes.

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Agents Real-estate owned Banks Investor 52

Easy Agent Pro

DECEMBER 29, 2020

Position yourself to be the one person in your market they can turn to – Here’s how to get foreclosure listings. As in all things real estate-related, location is paramount when deciding whether to spend your limited and valuable time on how to get foreclosure listings. Location, location, location. Work with HUD.

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FHA loan Agents Loans Sales 83

The Close

DECEMBER 29, 2022

These real estate definitions will help you ensure you’re communicating with clients effectively. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. It’s often presented as a percentage of the fair market value.

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Purchase and sale agreement Title Proof of funds Pre-approval 98

HomeLight

MARCH 30, 2022

A skilled real estate agent can guide you through how to sell a house from out of state, providing an elevated level of service. As a starting point, get a near-instant real estate house price estimate from HomeLight for free. You don’t have to live near the deceased to be named an executor or estate representative.

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Pre-approval Agents Closing MLS 106

HomeLight

JUNE 28, 2021

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). Fed up with investors buying you out on your home search?

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Pre-approval Pre-qualification FHA loan Inspection 99