Housing Wire

FEBRUARY 7, 2022

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. Our role in housing finance brings important responsibilities.”. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’”

Equity 378

Equity Inspection Real-estate owned Residential 378

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. “One It is your skill as an investor to make educated decisions about your investment decisions.”. There is never a perfect investment situation.

Banks 104

Banks Pre-qualification Investor Short sale 104

Lab Coat Agents

JANUARY 10, 2022

The truth is that everybody can invest in real estate somehow, even if they have a small amount of money to begin with. Real estate is an excellent method to broaden your investment portfolio. What Does It Mean to Invest in Real Estate? Investing in real estate might imply a variety of things.

Debt-to-income ratio 59

Debt-to-income ratio Investor Renovation Equity 59

Realty Biz

JULY 19, 2022

However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. Investors are looking at the current economic situation and anticipating that an even bigger spike in foreclosures is on the horizon. Instead, short sales are what most investors are looking for.

Purchase and sale agreement 101

Purchase and sale agreement Short sale Loans Inspection 101

HomeLight

AUGUST 31, 2021

Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. This is different than a short sale because a pre-foreclosure seller usually still has equity in the house (meaning the home value is more than their mortgage balance).

Pre-approval 97

Pre-approval Short sale Banks Finance 97

HomeLight

JUNE 28, 2021

From bidding to buying to financing to special incentives — we’re talking all things HUD homes to help you decide if this property type fits your financials and lifestyle. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). Financing a HUD home. What is HUD?

Pre-approval 94

Pre-approval Pre-qualification FHA loan Inspection 94

HomeLight

SEPTEMBER 1, 2020

The home is now bank-owned (sometimes also called REO, or “real estate owned”). Prices can be more difficult to negotiate on bank-owned properties for the reasons stated above, and also because any offers often have to be reviewed by several members of the bank, who all in turn have to answer to shareholders or investors.

Banks 78

Banks Inspection contingency Inspection FHA loan 78