HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. Go to your county’s office and ask for the pre-foreclosure list ,” he says. REOs for short, these kinds of sales expose buyers to a lot of potential risk.

Banks 105

Banks Pre-qualification Investor Short sale 105

HomeLight

JUNE 28, 2021

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Get pre-qualified with a mortgage lender. Qualifying for a HUD home. No problem!

Pre-approval 92

Pre-approval Pre-qualification FHA loan Inspection 92

The Close

DECEMBER 29, 2022

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Loans with less than 20% down often require buyers to pay private mortgage insurance until they reach a certain equity ratio. Due diligence period. Home equity conversion mortgage.

Purchase and sale agreement 97

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