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?

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Banks Pre-qualification Investor Short sale 104

Real Trends

JULY 3, 2023

In 2022, Salvador’s approach led him to close 129 transaction sides, totaling over $19.7 million in sales volume, good enough for the No. RealTrends recently caught up with Salvador to discuss his career and the importance of building relationships in real estate. BH: Where had your previously honed these sales skills?

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Agents Industrial Short sale As-is 103

McKissock

NOVEMBER 13, 2020

If a mortgage lender acquires the title to a property as the result of a foreclosure, the property is called an “REO” property, which is short for “Real Estate Owned.” hearing voices coming from inside a closed room of a vacant house), you should leave the property immediately and contact the authorities.

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Inspection Short sale Title Real-estate owned 88

Real Trends

MARCH 7, 2022

a gallon on Monday, close to the record high of $4.11 Politicians have called for boycotts of Russian oil, and some have even called for seizure of American real estate owned by Russian oligarchs. Residential Real Estate Report found that between April 2015 and March 2021, foreign buyers accounted for 1.8%

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Marketing Residential Real-estate owned Finance 84

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.

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Pre-approval Pre-qualification FHA loan Inspection 94

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. Unlike live auctions, many auction websites charge a fee on top of the sale price. “If

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Due diligence Hard money loan Finance Banks 98

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.

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Banks Inspection contingency Inspection FHA loan 78

Housing Wire

NOVEMBER 28, 2023

An abundance of housing supply will diminish home prices while a shortage of homes available for sale will escalate prices. Currently, more than 80% of the mortgage market is government-controlled, which means in the next down cycle there will be many more homes owned by the government.

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Land Construction Real-estate owned Equity 414

Housing Wire

MAY 31, 2021

In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more. Clients can utilize real-time and customizable reporting, as well as direct data warehouse access,” said Rebecca Smith, VP, Sales and Business Development.

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Technology Investor Short sale Real-estate owned 379

HomeLight

MAY 17, 2022

Generally, lenders will take much less than top dollar for a foreclosure, which is good news for anyone looking to score a deal on real estate. Real Estate Agent. Real Estate Agent at Compass RE Texas. I mean, it takes probably, at the minimum, three to four months to get a short sale through.”.

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Inspection Banks Short sale Title 93

HomeLight

MARCH 30, 2022

Let’s take a close look at the process to sell a house from out of state and your options for selling long distance. As a starting point, get a near-instant real estate house price estimate from HomeLight for free. HomeLight’s Simple Sale platform provides all-cash offers for homes nationwide in almost any condition.

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Easy Agent Pro

DECEMBER 29, 2020

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.”. Trustee’s Sale: The home will be put up for sale at auction. Homes they thought were saved were lost.

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FHA loan Agents Loans Sales 83

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.

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House Flipping Renovation Investor Finance 88

Marco Santarelli

MARCH 24, 2021

Continuing the Charlotte-area housing market's hot streak, home sales and the median price paid for those homes rise in February. Low mortgage interest rates, high demand and a shortage of homes continue to fuel the Charlotte real estate market and drive prices higher. The median sale price was $312K. year-over-year.

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Marketing Purchase and sale agreement Investor Sales 119

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.

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Purchase and sale agreement Title Proof of funds Pre-approval 97

Marco Santarelli

APRIL 29, 2021

We will discuss the latest San Jose real estate market trends. A lack of homes for sale is pushing prices up, so potential buyers are facing an affordability crunch. The median sale price was $1.2M. Sale-to-List Price Ratio was 104.93%, which shows that buyers are bidding up asking prices. year-over-year.

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Marketing Investor Residential Sales 126

The Close

MARCH 15, 2022

Short sales and foreclosures quickly became the norm. Unlike the million-plus real estate licensees that left the business, I pivoted to working with distressed homeowners and became a Real Estate Owned (REO) agent. Visit The Close Pro. Here’s How Agents Can Prepare appeared first on The Close.

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Agents Investor Banks Land 96