Remove Due diligence Remove Proof of funds Remove Real-estate owned Remove Short sale
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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? This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Proof of funds. These funds must be liquid, not stocks or bonds. Real-estate owned (REO).