Realty Biz

JUNE 20, 2023

Navigating the real estate landscape can be challenging, especially for beginners. However, it requires a sound strategy and due diligence to find the best deals. Types of Foreclosures There are three main types of foreclosures: pre-foreclosures, auctions, and real estate-owned (REO) properties.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

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. Finally, a third way to buy a foreclosure is through a real-estate owned, or REO, listing. REO listings. You’re buying as-is. You’re at the bank’s mercy.

Banks 101

Banks Inspection Equity Investor 101

The Close

DECEMBER 29, 2022

Due diligence period. What if your clients are asking about their due diligence period? How to Get a Real Estate License in 5 Simple Steps. Real-estate owned (REO). How Smart Investors Decipher & Respond to Real Estate Market Cycles. Related Article. Related Article.

Purchase and sale agreement 98

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

HomeLight

SEPTEMBER 1, 2020

The home is now bank-owned (sometimes also called REO, or “real estate owned”). Bank-owned homes may not be the best-staged or the most recently renovated. Hopefully, you feel confident in having done your due diligence and are secure in the knowledge that you got the home you wanted at a good price.

Banks 75

Banks Inspection contingency Inspection FHA loan 75