Closing FHA loan Real-estate owned Short sale 
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”). The process of buying a bank-owned foreclosure. Step 14: Closing time! Source: faiq daffa / Unsplash).
Easy Agent Pro
DECEMBER 29, 2020
In February, pre-CARES Act, 10,438 FHA loans were in foreclosure. Following close behind, however, we find Las Vegas, Providence and Los Angeles. It seemed as if every real estate agent on the planet, overnight, became a “foreclosure specialist” or a “short sale expert.”.
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