Closing costs Construction Real-estate owned Short sale 
HomeLight
MARCH 10, 2023
Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. When buying an REO ( real estate owned/lender-owned property ), the banks like to work with cash. Building materials continued to rise in cost by 4.9%
The Close
DECEMBER 29, 2022
Clients might be interested in an ARM because it allows borrowers to take advantage of interest rate decreases without having to go through a whole refinance process and pay additional closing costs. Closing costs. Clients will need an exact accounting of the total amount owed in closing costs. Contingency.
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