HomeLight

AUGUST 31, 2021

They’ll put the house up for auction either in a sheriff’s or public trustee sale (the name depends on what foreclosure process your state follows). Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. Short sale.

Pre-approval 90

Pre-approval Short sale Banks Finance 90

HomeLight

SEPTEMBER 30, 2020

“With an online type option, you’re having a normal closing,” says Durham. The online-style auction can also help save you from spending money blindly. “An An online option like a real estate owned (REO) property, you’re not spending any money into it,” says Durham.

Due diligence 96

Due diligence Hard money loan Finance Banks 96

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 81

House Flipping Renovation Investor Finance 81