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. They’re all great ways to find REO homes in your area. Use the MLS.

Agents

HomeLight

MARCH 10, 2023

Generally, I start from the back — what is the after-repair value (ARV) when the house has been fully renovated? Inflation has had a big impact on renovating a house and that is something flippers have to take into consideration when creating a budget, Wise adds. Even if something went wrong, you likely wouldn’t end up losing money.

House Flipping

Lab Coat Agents

NOVEMBER 16, 2021

Anyone with the willingness and a small amount of money to invest can invest in real estate. You’ll need a down payment if you wish to invest in tangible real estate (owning the property). When you acquire and hold real estate, the rent will provide you with a monthly income flow.

Debt-to-income ratio

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

Pre-approval

HomeLight

SEPTEMBER 1, 2020

When a homeowner stops making mortgage payments , eventually the bank will foreclose on their house, and the property will become bank-owned. The steps in between the first missed mortgage payment and a bank-owned foreclosure follow a pattern like this: The homeowner fails to make at least three consecutive months of mortgage payments.

Banks

Lab Coat Agents

JANUARY 10, 2022

Anyone with the willingness and a small amount of money to invest can invest in real estate. You’ll need a down payment if you wish to invest in tangible real estate (owning the property). When you acquire and hold real estate, the rent will provide you with a monthly income flow.

Debt-to-income ratio

Marco Santarelli

MARCH 15, 2021

In the past month, houses in the Philadelphia metro area sold for higher prices and that is mainly due to low mortgage rates and tight inventory. And as long as mortgages remain cheap, the real estate boom in Philly should continue into 2021. Strong Real Estate Appreciation.

Marketing

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. Properties get to this point after the borrower stops making mortgage payments for a period of time.

Banks

Marco Santarelli

MARCH 24, 2021

Last year was the sixth consecutive year of home price gains in the Charlotte real estate market. Low mortgage interest rates, high demand and a shortage of homes continue to fuel the Charlotte real estate market and drive prices higher. As you can see the Charlotte real estate market isn't cooling off as yet.

Marketing

HomeLight

MARCH 30, 2022

Sometimes these are classified as REOs, or real estate-owned properties , because they’re now owned by a bank, government agency, or other lender. By contrast, closings involving a mortgage are taking an average 52 days as of March 2022. Foreclosure. No open houses.

Pre-approval

Marco Santarelli

APRIL 29, 2021

For buyers, the mortgage rates are still low as compare to last year. The percent of delinquent mortgages in San Jose is 0.3%, which is lower than the national value of 1.1%. The percent of San Jose homeowners underwater on their mortgage is 1.6%, which is higher than San Jose-Sunnyvale-Santa Clara Metro at 1.5%.

Marketing

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? Their short sale mortgage is said to be underwater, if they secure a buyer, they must get bank approval to proceed with the sale. What Happens in a Real Estate Short Sale? Lets begin!

Short sale

HomeLight

AUGUST 31, 2021

We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties. A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments.

Pre-approval

Housing Wire

FEBRUARY 5, 2025

Data courtesy of Auction.com Higher levels of unemployment could cause more homeowners to become delinquent on their mortgages and lead to foreclosure, while slower price appreciation could mean they have less home equity to rely upon to pay debt or avoid a short sale.

Sales