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 99

Pre-approval Pre-qualification FHA loan Inspection 99

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-approval 103

Pre-approval Short sale Banks Finance 103

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. Properties get to this point after the borrower stops making mortgage payments for a period of time.

Banks 104

Banks Pre-qualification Investor Short sale 104

HomeLight

MARCH 10, 2023

If you need to finance the home with a mortgage, there are a few options you should consider: Hard money loans: These are loans from private lenders for short periods of time — they can come with higher interest rates and can be risky for inexperienced investors. Even if something went wrong, you likely wouldn’t end up losing money.

House Flipping 94

House Flipping Renovation Investor Finance 94

HomeLight

MARCH 30, 2022

Sometimes these are classified as REOs, or real estate-owned properties , because they’re now owned by a bank, government agency, or other lender. These companies can also provide a quick and flexible closing, reduce or eliminate the need for repairs, and in many cases will cover all of a seller’s closing costs.

Pre-approval 107

Pre-approval Agents Closing MLS 107

The Close

DECEMBER 29, 2022

After all, great communication leads to closed deals. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Assumable mortgage.

Purchase and sale agreement 98

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