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 105

Banks Pre-qualification Investor Short sale 105

HomeLight

JUNE 28, 2021

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. Buying a HUD home isn’t like traditional home sales. Get pre-qualified with a mortgage lender.

Pre-approval 105

Pre-approval Pre-qualification FHA loan Inspection 105

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. Comparable sales (comps). ” A. Balloon mortgage. Related Article.

Purchase and sale agreement 98

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