Housing Wire

APRIL 8, 2021

billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender. 36,000 Surplus per Sale.

Equity 432

Equity Short sale MLS Sales 432

Realty Biz

JANUARY 1, 2021

Today the process for finding foreclosed homes is nearly the same as searching traditional MLS home listings online. . If a homeowner chooses to sell the property to avoid actual foreclosure they are usually ready to negotiate on the sale price of the home. Short Sales . Jordan Matin, Portland Homes for Sale.

Short sale 116

Short sale Pre-approval Banks Loans 116

HomeLight

AUGUST 31, 2021

You’re reading through a new MLS listing, and you believe you found your ideal home. But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. Different types of foreclosure sales. Distressed sales accounted for just 1% of all home sales in April 2021.

Pre-approval 100

Pre-approval Short sale Banks Finance 100

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. What is an REO sale?

Banks 104

Banks Pre-qualification Investor Short sale 104

HomeLight

SEPTEMBER 1, 2020

If the homeowner fails to catch up on their payments by the auction date, the home is auctioned for sale. The home is now bank-owned (sometimes also called REO, or “real estate owned”). First, it’s worth noting that the term “bank-owned foreclosure” is a bit of a misnomer. Here’s what you’ll be getting into.

Banks 81

Banks Inspection contingency Inspection FHA loan 81

HomeLight

SEPTEMBER 30, 2020

“In small towns, they have their own newspaper. Durham says that in Georgia, foreclosures must be advertised for four weeks leading up to the sale. “If An online option like a real estate owned (REO) property, you’re not spending any money into it,” says Durham.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. Use the MLS. Source: (Roger Starnes Sr / Unsplash).

Agents 83

Agents Banks MLS Title 83