HomeLight
AUGUST 31, 2020
You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?
Housing Wire
APRIL 8, 2021
“A foreclosure sale usually represents the last chance for a distressed homeowner to benefit from any equity in a property being foreclosed,” said Ali Haralson , Auction.com president. “If Short sales really provide for a graceful exit from the property if the homeowner can no longer afford the mortgage,” Wells said. “So
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Realty Biz
JULY 19, 2022
Investors are looking at the current economic situation and anticipating that an even bigger spike in foreclosures is on the horizon. 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.
HomeLight
AUGUST 31, 2021
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.
HomeLight
SEPTEMBER 1, 2020
But then, it went into foreclosure and didn’t sell at auction, so now it’s listed as an REO, or real estate-owned property. Even experienced homebuyers who’ve already bought and sold a few homes will find the process much different, and they will also need an agent who specializes in REO sales. What’s an REO home?
HomeLight
AUGUST 16, 2021
In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. His pro tip?
Housing Wire
MAY 31, 2021
As the real estate industry braces for the end of forbearance moratoriums, housing experts are anticipating an increase in foreclosures and REO activity. In preparation for that influx, asset managers, servicers and investors need to ensure they have the tools and technology to successfully navigate this unpredictable time.
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