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

HomeLight

They’ll put the house up for auction either in a sheriff’s or public trustee sale (the name depends on what foreclosure process your state follows). Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. Short sale.

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Century 21’s Jon Salvador builds connections

Real Trends

With 30 years of real estate experience, Jon Salvador, a Burlington, Iowa-based Century 21 Property Professionals agent, is without a doubt and industry veteran. million in sales volume, good enough for the No. So, I tried to improve upon what I saw, and I brought in some of my own skills as far as salesmanship goes.

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Radian’s Pyramid Platform automates every step of the real estate process

Housing Wire

As the real estate industry braces for the end of forbearance moratoriums, housing experts are anticipating an increase in foreclosures and REO activity. In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more.

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12 profitable real estate niches to explore now

Real Trends

In combination with the vacation rental industry , this niche includes standard single-family homes and multifamily apartments, as well as: Room rentals Full-service apartments Student housing 2. Another possible niche is buyers who need creative financing, such as rent-to-own financing or owner financing.

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Tips on how to get foreclosure listings

Easy Agent Pro

It seemed as if every real estate agent on the planet, overnight, became a “foreclosure specialist” or a “short sale expert.”. The lender also has to publish the notice in the newspaper for three weeks, along with the date of the sale and where it will be held. Again, the process is location-dependent.

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. Find a Buyer's Agent What is house flipping? Wise agrees.

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Philadelphia Real Estate Market & Investment Overview 2021

Marco Santarelli

Due to the pandemic, there are moratoriums on single-family foreclosures and real estate-owned (REO) evictions until March 31, 2021, to keep delinquent homeowners in their homes. Buying a pre-foreclosure home is a great opportunity to pay the lower-than-market price for a property, especially if you find a short sale property.

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