Realty Biz

JUNE 20, 2023

Navigating the real estate landscape can be challenging, especially for beginners. However, it requires a sound strategy and due diligence to find the best deals. Real estate agents specializing in foreclosures can also provide you with listings and valuable insights.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

HomeLight

SEPTEMBER 30, 2020

“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.”. An online option like a real estate owned (REO) property, you’re not spending any money into it,” says Durham.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

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 78

Banks Inspection contingency Inspection FHA loan 78

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. The property is then “bid upon by would-be buyers who have cash in hand and can purchase and take title to the property almost immediately, right on that day.”. REO listings. You’re buying as-is.

Banks 103

Banks Inspection Equity Investor 103

The Close

DECEMBER 29, 2022

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. Chain of title. As clients get ready for closing, they’ll hear a lot about the title. An established chain of title helps protect the buyer from future challenges to ownership.

Purchase and sale agreement 97

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