HomeLight

SEPTEMBER 30, 2020

“In small towns, they have their own newspaper. Durham says that in Georgia, foreclosures must be advertised for four weeks leading up to the sale. “If With an online type option, you’re having a normal closing,” says Durham. The title’s been checked out, you can go inside the house and look at it and do all your due diligence.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale?

Banks 103

Banks Pre-qualification Investor Short sale 103

The Close

DECEMBER 29, 2022

These real estate definitions will help you ensure you’re communicating with clients effectively. 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. ” A.

Purchase and sale agreement 98

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

HomeLight

JUNE 28, 2021

Buying a HUD home isn’t like traditional home sales. John Collinge , a multi-year top-producer awardee and 11-year top-selling real estate agent out of Anchorage, Alaska, suggests all HUD homebuyers have a cash reserve. Once a home is listed for sale it’s given a specific window during which bid submissions are accepted.

Pre-approval 92

Pre-approval Pre-qualification FHA loan Inspection 92

HomeLight

SEPTEMBER 1, 2020

If the homeowner fails to catch up on their payments by the auction date, the home is auctioned for sale. The home is now bank-owned (sometimes also called REO, or “real estate owned”). First, it’s worth noting that the term “bank-owned foreclosure” is a bit of a misnomer. Here’s what you’ll be getting into.

Banks 77

Banks Inspection contingency Inspection FHA loan 77

HomeLight

MARCH 10, 2023

With more than 17 years of experience in the Syracuse market, Frank Procopio has closed nearly 600 real estate transactions and has personal experience flipping houses, as well as working with investors and homebuyers who are actively flipping houses in the area. Money was cheap but it’s not cheap anymore.” Wise agrees.

House Flipping 85

House Flipping Renovation Investor Finance 85