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HomeLight
JUNE 16, 2023
Lenders who foreclose on homes and then sell them at auction may be willing to let go of the home for significantly less than the market value. In early 2021, “the foreclosure market is almost dried up,” says John Durham , a top agent in McDonough, Georgia with 20 years of experience, including many purchases at auctions.
HomeLight
AUGUST 31, 2021
A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default. Short sale. Source: (Adam Wilson / Unsplash).
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HomeLight
SEPTEMBER 30, 2020
The purpose of the foreclosure auction is to recoup money for missed mortgage payments or tax liens. To help collect this money, the home is listed at a foreclosure auction where it’s bid on and (ideally) won. Unlike live auctions, many auction websites charge a fee on top of the sale price. “If Absolute bid. Minimum bid.
HomeLight
FEBRUARY 9, 2023
the California housing market is seeing a decline in prices, and that decline will likely continue in 2023. According to the 2023 Housing Market Forecast put out by the California Association of Realtors, California’s median home price is predicted to go down 8.8 You just have to adjust to the current market that there is,” he says.
HomeLight
FEBRUARY 24, 2023
Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. It’s better to invest in the work of a professional than to cut corners and scare off potential buyers when the house hits the market. “My
HomeLight
JANUARY 19, 2023
To learn more about flipping houses in Georgia, we’re talking to Savannah-based real estate agent Jay Mills, a listings specialist with the Hupman Group , to get his perspective on what’s happening in his market. Let’s get into it! A Top Agent Can Be Your Georgia Real Estate Investment MVP Interested in flipping a house in Georgia?
HomeLight
FEBRUARY 24, 2023
Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Ford says he works both with buyers purchasing houses that have been flipped, as well as sellers who have redone a house and are now putting it on the market.
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