Realty Biz

JUNE 20, 2023

Foreclosures, in particular, offer a unique opportunity to purchase properties at below-market rates. Researching Foreclosures Start your search by understanding the real estate market in your area. You want a property with a clean title, or at least an understanding of what you're taking on.

Due diligence 76

Due diligence Hard money loan Inspection Title 76

Marco Santarelli

AUGUST 16, 2024

It's crucial to align your expectations with market realities. Your definition of “cheap” should be anchored to your target market's median property values. Explore financing options: Research mortgages, hard money loans, and private lending options.

Due diligence 52

Due diligence Purchase and sale agreement Renovation Title search 52

HomeLight

AUGUST 31, 2021

The bank will then list the property on the market and try to sell the home in a similar fashion to your average property. Plus, a physically foreclosed property will typically have its liens wiped out during the foreclosure process , so you know you’re typically getting a home with a clean title. Drawbacks of a foreclosed property.

Pre-approval 111

Pre-approval Short sale Banks Finance 111

Marco Santarelli

DECEMBER 22, 2020

Interest-only loans were commonly used in hot real estate markets before the Great Recession, but they’ve almost disappeared from the residential real estate market because the people aren’t making progress on the loan balance. Interest-only hard money loans would fall into this category.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122