Remove Design Remove Proof of funds Remove Short sale
article thumbnail

Is Now a Good Time to Buy a House with Cash in 2025?

Marco Santarelli

” Distressed sales (foreclosures and short sales) were still very low at 3% in March 2025. immediate repairs, moving expenses, and your emergency fund. Get “Proof of Funds” Ready: Have your bank or financial institution provide a letter proving you have the funds readily available.

Finance 52
article thumbnail

Cheap Investment Properties: How to Find Them?

Marco Santarelli

Check Our Inventory of Turnkey Rental Properties For Sale 2.2. Foreclosures and Short Sales Distressed properties often come at a discount: Foreclosures and short sales present opportunities to acquire properties below market value. Navigating the complexities: This arena requires expertise and caution.

article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Proof of funds. Clients should be aware that proof of funds is different from pre-approval from a lending institution. These funds must be liquid, not stocks or bonds. Short sale.