Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets. HW: What are the risk management challenges for REO assets?

Due diligence 339

Due diligence Marketing Mortgages New Construction 339

Realty Biz

JUNE 20, 2023

Navigating the real estate landscape can be challenging, especially for beginners. Foreclosures, in particular, offer a unique opportunity to purchase properties at below-market rates. However, it requires a sound strategy and due diligence to find the best deals.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

HomeLight

SEPTEMBER 30, 2020

“In small towns, they have their own newspaper. Durham says that in Georgia, foreclosures must be advertised for four weeks leading up to the sale. “If The title’s been checked out, you can go inside the house and look at it and do all your due diligence. This can sometimes push the home over its actual market value.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale?

Banks 103

Banks Pre-qualification Investor Short sale 103

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. These opportunities might include: Pre-foreclosure sale. Pre-foreclosure sales. This is usually done through a preforeclosure sale. Foreclosure auction. REO listing. REO listings.

Banks 101

Banks Inspection Equity Investor 101

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. After all, great communication leads to closed deals. ” A.

Purchase and sale agreement 98

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

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. Buying a HUD home isn’t like traditional home sales. Once a home is listed for sale it’s given a specific window during which bid submissions are accepted. No problem!

Pre-approval 93

Pre-approval Pre-qualification FHA loan Inspection 93