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.

Banks 104

Banks Pre-qualification Investor Short sale 104

HomeLight

JUNE 28, 2021

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. For instance, certain windows may only be open to buyers or nonprofits and government agencies, while others will allow bidding from investors. Homebuyers have the upper hand.

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Pre-approval Pre-qualification FHA loan Inspection 95

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

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Banks Inspection contingency Inspection FHA loan 79

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. Most flippers who are successful have found off-market deals, in some cases, going direct to sellers and negotiating a deal,” Procopio says. Different investors are looking for different ROIs,” he says.

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House Flipping Renovation Investor Finance 89

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

These real estate definitions will help you ensure you’re communicating with clients effectively. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. It’s often presented as a percentage of the fair market value.

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Purchase and sale agreement Title Proof of funds Pre-approval 98