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.”. But how do foreclosure auctions work? “The

Due diligence 98

Due diligence Hard money loan Finance Banks 98

HomeLight

JUNE 28, 2021

Here, you’ll find a complete listing of HUD homes nationwide, along with photos, asking prices, appraisals, basic inspection results, bidding deadlines, and more. For instance, certain windows may only be open to buyers or nonprofits and government agencies, while others will allow bidding from investors. The inspection process.

Pre-approval 97

Pre-approval Pre-qualification FHA loan Inspection 97

HomeLight

SEPTEMBER 1, 2020

The home is now bank-owned (sometimes also called REO, or “real estate owned”). Usually when shopping for a home, you contact a real estate agent, they help you identify properties you might be interested in, you visit those properties, and then when you find one you like, you make an offer.

Banks 82

Banks Inspection contingency Inspection FHA loan 82

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 107

Banks Inspection Equity Investor 107

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 92

House Flipping Renovation Investor Finance 92

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. Home inspection. Real-estate owned (REO).

Purchase and sale agreement 97

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