HomeLight

SEPTEMBER 30, 2020

While investors are known to attend and bid at foreclosure auctions, you can do it, too. The title’s been checked out, you can go inside the house and look at it and do all your due diligence. With the courthouse steps [auction], you literally do no due diligence.”. Figure out your financing.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

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. “One It is your skill as an investor to make educated decisions about your investment decisions.”. There is never a perfect investment situation.

Banks 104

Banks Pre-qualification Investor Short sale 104

HomeLight

JUNE 28, 2021

From bidding to buying to financing to special incentives — we’re talking all things HUD homes to help you decide if this property type fits your financials and lifestyle. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). Source: (Jeremy Yap / Unsplash).

Pre-approval 94

Pre-approval Pre-qualification FHA loan Inspection 94

HomeLight

SEPTEMBER 1, 2020

The home is now bank-owned (sometimes also called REO, or “real estate owned”). Prices can be more difficult to negotiate on bank-owned properties for the reasons stated above, and also because any offers often have to be reviewed by several members of the bank, who all in turn have to answer to shareholders or investors.

Banks 78

Banks Inspection contingency Inspection FHA loan 78

HomeLight

MARCH 10, 2023

If you are considering flipping houses in NY, HomeLight always encourages you to reach out to an advisor regarding your own situation. Investors used to get some of their properties from the county auction, but that inventory became limited due to the moratorium on foreclosures during the height of the COVID pandemic.

House Flipping 88

House Flipping Renovation Investor Finance 88

HomeLight

SEPTEMBER 30, 2021

REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it. However, investors and agents often see these preforeclosures as an opportunity. Finally, a third way to buy a foreclosure is through a real-estate owned, or REO, listing.

Banks 104

Banks Inspection Equity Investor 104

The Close

DECEMBER 29, 2022

And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. Due diligence period. Construction loan. Contingency. Down payment. Related Article.

Purchase and sale agreement 97

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