Pre-approval Real-estate owned Short sale 
Redfin
MARCH 4, 2025
There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. If the auction accepts financing, make sure you have a pre-approval ready. The homeowners lender must agree to the short sale and approve your offer.
AAOA
MAY 5, 2025
These homes are typically under foreclosure, in pre-foreclosure, or have already been repossessed by a lender or bank. This can be a win-win for investors and sellers, but it often requires you to negotiate and get approval from your lender quickly. Other specialized real estate platforms can also offer valuable leads.
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Realty Biz
JANUARY 1, 2021
Pre- Foreclosures . A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. 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 .
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? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. Lets begin!
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.
The Close
DECEMBER 29, 2022
If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Pre-approval. The 9 Best FSBO Scripts (+ Why They Work).
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