Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes
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.
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