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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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What’s behind the sharp decline in mortgage delinquencies?

Housing Wire

The delinquency rate should follow that downward path closely. The economic and job market rebound, coupled with the successful exits from forbearance for many homeowners, contributed to these declines, and particularly for those in later stages of delinquency. by the end of 2021, and likely dropping below 4% by the end of 2022.

Mortgages 485
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How to Make Money as a Real Estate Agent: 9 Strategies to Earn More

The Close

Chances are these people will buy or sell again, so keeping in close contact with them is key to making more money as a real estate pro. 9 Skills Agents Need to Work With Investors & Close 50-100 Deals a Year. Build a Relationship With Developers. The developer is only an expert in answering one of these questions.

Agents 105
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A Quick Guide to Understanding Real Estate Designations

Windemere Selling

Real Estate Designations Accredited Staging Professional (ASP): By increasing a home’s appeal to a higher number of buyers, home staging is commonly considered one of the best ways to sell a property more swiftly and for more money. Here is a list of those designations and how they benefit real estate consumers.

Design 52
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Can You Sell a Home in Foreclosure? Why Time Is of the Essence

HomeLight

Whatever stage you’re in, it’s natural to feel paralyzed with disappointment, sadness, and a sense of panic when those overdue notices and warnings come from your mortgage company. However, as the Department of Housing and Urban Development (HUD) mentions in its guidelines to avoiding foreclosure : “Foreclosure doesn’t happen overnight.”

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5 of the Top We Buy Houses For Cash Companies in New Jersey

HomeLight

No repairs, no staging, no open houses. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in New Jersey. Get an offer in as few as 48 hours and close in as little as 10 days. If you accept the offer, you’ll both sign a contract and the closing process will begin.

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4 Best Real Estate Schools in Missouri for 2022

The Close

Choosing the school that’s right for you can help you at every stage of your real estate career. Ultimate Learning Package $534: You’ll find everything in previous packages, plus a copy of the course textbook and a professional development membership from McKissock. More Career Resources From The Close.