AAOA

MAY 22, 2025

Step 2: Get Pre-Approved or Prepare to Raise Capital Before you make offers, get your finances in order. Prepare a personal financial statement and schedule of real estate owned (if applicable). Closing Costs In addition to the purchase price and renovation budget, plan for closing costs.

Due diligence 65

Due diligence Purchase and sale agreement Finance Investor 65

Redfin

MARCH 4, 2025

If the auction accepts financing, make sure you have a pre-approval ready. If possible, consult a real estate attorney to be sure you understand the realities of the auction and the transaction rules. Bank-owned properties Bank-owned properties, often called real estate-owned (REO) properties, are owned by the lender.

Pre-approval 35

Pre-approval FHA loan Short sale Banks 35

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 105

Pre-approval Pre-qualification FHA loan Inspection 105

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 116

Pre-approval Agents Closing MLS 116

The Close

FEBRUARY 19, 2025

Their short sale mortgage is said to be underwater, if they secure a buyer, they must get bank approval to proceed with the sale. In this guide, I cover what is a short sale real estate, its unique sales process, legal considerations, where to find short sale properties, and tips to succeed.

Short sale 52

Short sale Sales Due diligence Purchase and sale agreement 52

HomeLight

AUGUST 31, 2021

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.

Pre-approval 111

Pre-approval Short sale Banks Finance 111

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.

Purchase and sale agreement 98

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