RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Mortgage interest rate : The price of borrowing money. Short sale : The sale of a home by an owner who owes more on the home than it’s worth.

Pre-approval 88

Pre-approval Pre-qualification Title search Inspection 88

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

Short sale 74

Short sale Sales Pre-approval Pre-qualification 74

HomeLight

AUGUST 16, 2021

Properties get to this point after the borrower stops making mortgage payments for a period of time. If it sells, the lender recoups some of the outstanding loan amount through the sale. Go to your county’s office and ask for the pre-foreclosure list ,” he says. Reach out to people on the list, and give them an offer!”.

Banks 104

Banks Pre-qualification Investor Short sale 104

HomeLight

JANUARY 4, 2022

HomeLight’s 2020 agent survey found that buyers who would traditionally use a mortgage are finding ways to pay cash however they can. Buyers who re-invested their equity. A study from HomeLight echoes that 61% of agents have seen almost-retirees cash out of their homes a few years earlier than planned given recent equity gains.

Investor 98

Investor Finance Inspection Sales 98

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Assumable mortgage. Acceleration clause.

Purchase and sale agreement 98

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