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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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What’s behind the sharp decline in mortgage delinquencies?

Housing Wire

The economic and job market rebound, coupled with the successful exits from forbearance for many homeowners, contributed to these declines, and particularly for those in later stages of delinquency. This was quite a change from the documentation-heavy process that was developed for loss mitigation from the Great Financial Crisis (GFC).

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A Quick Guide to Understanding Real Estate Designations

Windemere Selling

Real Estate Designations Accredited Staging Professional (ASP): By increasing a home’s appeal to a higher number of buyers, home staging is commonly considered one of the best ways to sell a property more swiftly and for more money. Here is a list of those designations and how they benefit real estate consumers.

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How to Make Money as a Real Estate Agent: 9 Strategies to Earn More

The Close

You might even get an opportunity to demonstrate your skills to developers wanting to fill newly built apartments or condos. Build a Relationship With Developers. When property developers are considering a new project, the first two questions they always ask are, “How much is it going to cost?” and “How much can we sell it for?”

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Can You Sell a Home in Foreclosure? Why Time Is of the Essence

HomeLight

Whatever stage you’re in, it’s natural to feel paralyzed with disappointment, sadness, and a sense of panic when those overdue notices and warnings come from your mortgage company. However, as the Department of Housing and Urban Development (HUD) mentions in its guidelines to avoiding foreclosure : “Foreclosure doesn’t happen overnight.”

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3 Different Types of Real Estate Agents (And 7 Subtypes), Explained

HomeLight

A listing agent will help home sellers with a variety of tasks, including setting the listing price, staging the home, marketing the home, advising repairs, and negotiating on their behalf. Perhaps a foreclosure or short sale? If you’re looking to sell your home, you will want to contact a listing agent. Subtype 5: Dual agent.

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4 Best Real Estate Schools in Missouri for 2022

The Close

Choosing the school that’s right for you can help you at every stage of your real estate career. Ultimate Learning Package $534: You’ll find everything in previous packages, plus a copy of the course textbook and a professional development membership from McKissock. Let’s dive into our top picks.