Closing costs Inspection Real-estate owned Title search 
HomeLight
AUGUST 31, 2021
Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. Bank-owned/REO sale. If a home doesn’t sell at auction, the bank will formally take ownership of the house and list it as a real-estate owned property.
The Close
DECEMBER 29, 2022
A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. 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.
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