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

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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.”. But lenders would rather recoup their money than own a house.

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Banks Pre-qualification Investor Short sale 104

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. If you’re searching for HUD homes, you won’t find them on most real estate sites. What is a HUD home?

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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”). If the former homeowner defaulted on an FHA loan, the home may become inventory for various HUD programs, including the Good Neighbor Next Door program. The process of buying a bank-owned foreclosure. Source: Hans M / Unsplash).

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Banks Inspection contingency Inspection FHA loan 82

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.

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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. 4 Loan Questions Worth Asking. Acceleration clause. Active contingent. What About ARMs?

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