Remove Pre-qualification Remove Proof of funds Remove Residential Remove Short sale
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. A PUD is a grouping of residential buildings. Pre-approval. Foreclosure. Freddie Mac.