HomeLight

AUGUST 31, 2021

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.

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Pre-approval Short sale Banks Finance 107

Point2Homes

JUNE 23, 2021

Distressed properties can be a very attractive option for both homebuyers and investors. The best way to avoid this scenario is to get pre-approved with the lender selling that property. Even if your offer is taken into consideration, it can go through a lengthy approval process. Image: Pla2na / Shutterstock.com.

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Pre-approval Banks Title search Inspection 71

Redfin

JUNE 14, 2023

Whether you’re a first-time homeowner, an investor, or new to the state and considering buying a house in North Carolina , you’re in for a treat. Get pre-approved from a lender Getting pre-approved from a lender is equally important with several significant benefits.

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Pre-approval Debt-to-income ratio Closing costs Title 59

HomeLight

MARCH 13, 2023

We’ve gathered insights from top real estate agents and investors to create this guide navigating Orlando’s cash home buyer market so you can sell your property in as fast a timeframe as you require. But Orlando’s cooling real estate climate with interest rates that nearly doubled since last year has taken its toll on investor activity. “In

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Sales Investor Due diligence Renovation 97

HomeLight

AUGUST 31, 2021

Clear title: The cash buyer will require a title search to make sure that you can convey the property free and clear of any clouds or judgments against the property, such as mechanic’s liens, unpaid taxes, or boundary encroachments. Now we’re seeing a lot of these investors coming in at market value.”.

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Proof of funds Investor Due diligence Closing 144

HomeLight

SEPTEMBER 16, 2021

“A lot of sellers think selling a house ‘for cash’ means the buyer is going to show up with a briefcase full of money for them, but that’s not the case,” says Lucas Machado, a real estate investor and owner of House Heroes, LLC. “A Many agents are active in their local investor community and have an inside track to finding cash buyers.

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Title Inspection Proof of funds Investor 103

HomeLight

MARCH 16, 2023

The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 Learn more: 7 of the Top We Buy Houses for Cash Companies in Houston However, first-time or fair-weather investors facing high interest rates and inflation have created some challenges in the Texas market.

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Sales Purchase and sale agreement Earnest money deposit Investor 85