Realty Biz

JANUARY 1, 2021

Pre- Foreclosures . A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. To find homes in pre-foreclosure you can search sites that specialize in this or you can have an experienced local agent help you out. Bank-Owned Properties.

Short sale 116

Short sale Pre-approval Banks Loans 116

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. Pre-foreclosure.

Pre-approval 95

Pre-approval Short sale Banks Finance 95

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.

Pre-approval 71

Pre-approval Banks Title search Inspection 71

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

Pre-approval 92

Pre-approval Pre-qualification FHA loan Inspection 92

HomeLight

MARCH 30, 2022

Selling a house is rarely easy — but it certainly helps if you’re physically nearby to coordinate repairs, approve paint colors, or pop by during your lunch break to check on things. A skilled real estate agent can guide you through how to sell a house from out of state, providing an elevated level of service. Foreclosure.

Pre-approval 99

Pre-approval Agents Closing MLS 99

Rent, Buy & Sell

JANUARY 20, 2023

A foreclosure—the actual act of a lender seizing a property—is typically the final step after a lengthy pre-foreclosure process. Foreclosed properties are typically easily accessible on banks’ websites. After that, the foreclosure is deleted from the borrower’s credit report.3 Department of Housing and Urban Development (HUD).78

Pre-approval 59

Pre-approval Banks Loans Mortgages 59

The Close

DECEMBER 29, 2022

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. 10 Sneaky Real Estate Scams + How to Protect Your Clients (& Yourself).

Purchase and sale agreement 98

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