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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. Go to your county’s office and ask for the pre-foreclosure list ,” he says. REOs for short, these kinds of sales expose buyers to a lot of potential risk.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Get pre-qualified with a mortgage lender. Qualifying for a HUD home. No problem!

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Due diligence period. What if your clients are asking about their due diligence period? Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. How to Become a Luxury Real Estate Agent—10 Easy Ways to Break Into the Luxury Market.