Housing Wire

FEBRUARY 21, 2023

Distressed property pricing strategies Data from the Auction.com 2023 Distressed Market Outlook report shows how another type of institutional seller — lenders who are selling at foreclosure or bank-owned auction — are adjusting their disposition strategies in response to downshifting demand.

Marketing 380

Marketing Renovation Investor Sales 380

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?

Banks 78

Banks Inspection contingency Inspection FHA loan 78

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. These are properties that have been foreclosed , and the ownership has fully transferred to the bank or lender. Source: (Andre W. Nguyen / Unsplash). What is an REO sale?

Banks 104

Banks Pre-qualification Investor Short sale 104

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.

Pre-approval 98

Pre-approval Short sale Banks Finance 98

HomeLight

JUNE 28, 2021

The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). Buyers should arrange financing with a bank or mortgage lender ahead of time. repair allowances) in the form of grants and loans to entice eligible buyers to renovate properties. Process of buying a HUD home.

Pre-approval 94

Pre-approval Pre-qualification FHA loan Inspection 94

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). What is an REO home?

Agents 80

Agents Banks MLS Title 80

HomeLight

MARCH 10, 2023

“Generally, I start from the back — what is the after-repair value (ARV) when the house has been fully renovated? Inflation has had a big impact on renovating a house and that is something flippers have to take into consideration when creating a budget, Wise adds. I determine what is the most I can get out of it. Wise agrees.

House Flipping 88

House Flipping Renovation Investor Finance 88