Remove Proof of funds Remove Real-estate owned Remove Short sale Remove Termite Report
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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. Proof of funds. Clients should be aware that proof of funds is different from pre-approval from a lending institution. These funds must be liquid, not stocks or bonds. Real-estate owned (REO).