Due diligence Pre-approval Real-estate owned 
AAOA
MAY 22, 2025
Step 2: Get Pre-Approved or Prepare to Raise Capital Before you make offers, get your finances in order. Prepare a personal financial statement and schedule of real estate owned (if applicable). Negotiate with clarity, be firm but respectful, and always leave room for due diligence to confirm your assumptions.
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. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).
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The Close
FEBRUARY 19, 2025
Their short sale mortgage is said to be underwater, if they secure a buyer, they must get bank approval to proceed with the sale. In this guide, I cover what is a short sale real estate, its unique sales process, legal considerations, where to find short sale properties, and tips to succeed.
AAOA
MAY 5, 2025
These homes are typically under foreclosure, in pre-foreclosure, or have already been repossessed by a lender or bank. So, its critical to do your due diligence. In these early stages, the homeowner struggles to keep up with mortgage payments but still owns the property. What is a Distressed Property?
The Close
DECEMBER 29, 2022
If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Due diligence period. What if your clients are asking about their due diligence period? Pre-approval. Related Article. Prequalification.
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