Realty Biz

JUNE 20, 2023

Navigating the real estate landscape can be challenging, especially for beginners. 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.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

Point2Homes

JUNE 23, 2021

Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank. Ideally, you should hire a company to run a full title search before closing to avoid unpleasant surprises.

Pre-approval 71

Pre-approval Banks Title search Inspection 71

HomeLight

AUGUST 31, 2021

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. The bank will then list the property on the market and try to sell the home in a similar fashion to your average property. Bank-owned/REO sale.

Pre-approval 97

Pre-approval Short sale Banks Finance 97

The Close

DECEMBER 29, 2022

These real estate definitions will help you ensure you’re communicating with clients effectively. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. It’s often presented as a percentage of the fair market value.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98