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How to Find Short Sale Homes: A Guide for Buyers

HomeLight

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales. What is a short sale?

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Here it is: Biden’s first-time homebuyer tax credit legislation

Housing Wire

That qualification doesn’t apply if the borrowers’ parents lost their home in a foreclosure or short sale, or if the borrower has ever been in foster care, however. State finance agencies would be tasked with administering the program and distributing the funds.

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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Keeping Current Matters

home equity lines) to keep paying monthly expenses until family finances might recover, improved ability to qualify for and support a loan modification, and, if push comes to shove, the ability to sell the home and monetize their increased net worth while reducing monthly payment obligations. Bottom Line.

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Chicago Realtor: Marki Lemons Queen of Foreclosures

Realty Biz

ML: I’m a subject matter expert on foreclosures, short sales, technology and social media, and then I am a full time instructor in the State of Illinois, dealing with license law, pre-licensing, that sort of thing. We recently sat down with Marki to discuss her real estate career past and present.

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How and When to Buy Foreclosure Property

Realty Biz

Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. If the house is worth less than the outstanding loan, the seller has options, but a straightforward pre-foreclosure sale is seldom one of the options.

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Navigating Real Estate Investments in a Correcting Housing Market

Realty Biz

They can have a competitive advantage over those who rely solely on financing. Focus on Income-Producing Properties In times of market correction, income-generating properties such as multifamily units and commercial real estate tend to fare better than speculative residential investments. Be cautious with your financing decisions.

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Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

Whether it's residential, commercial, or investment properties, working with an agent with expertise in your desired area can be highly beneficial. We will cover the difference between prequalification and pre-approval and provide information on down payment and financing options.