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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

You’re reading through a new MLS listing, and you believe you found your ideal home. For example, a homeowner and lender agree to sell a house for $200,000 even though there is a balance of $250,000 on the mortgage loan. Short sales can typically be found through the MLS database or your buyer’s agent. Pre-foreclosure.

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How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

HomeLight

They have access to MLS listings and can advise you on how to approach the auction — and this includes knowing what amount to spend. For someone who has never done [an auction] before, just handing out $100,000 or $200,000 of their money, and they don’t know what they’re getting — it’s pretty scary,” says Durham.

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A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

HomeLight

Financing your flip in California Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding. FHA 203K Mortgage : This option allows homeowners to finance up to $35,000 in repairs identified by an FHA home appraiser or inspector. Be patient! “I

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Flipping Houses in Ohio? 5 Cities to Consider

HomeLight

Financing your flip in Ohio Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding. FHA 203K Mortgage : This option allows homeowners to finance up to $35,000 in repairs identified by an FHA home appraiser or inspector.

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A 2023 Guide to Flipping Houses in Georgia: 5 Cities to Consider

HomeLight

Financing your flip in Georgia Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding. FHA 203K Mortgage : This option allows homeowners to finance up to $35,000 in repairs identified by an FHA home appraiser or inspector.

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Flipping Houses in Massachusetts: 5 Cities to Consider

HomeLight

But he’d so over-improved the house that he just couldn’t get his money back.” Financing your flip in Massachusetts Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding. An appraisal is an estimate of the home’s current market value.

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Flipping Houses in Florida: 5 Cities to Consider

HomeLight

Financing your flip in Florida Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding. FHA 203K Mortgage : This option allows homeowners to finance up to $35,000 in repairs identified by an FHA home appraiser or inspector.