This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.

Remove Proof of funds Remove Real-estate owned Remove Staging Related Topics
Termite Report Homeowner’s association Short sale Earnest money deposit Pre-qualification Title search Debt-to-income ratio VA loan Due diligence Days on market More Related Topics >
article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

DECEMBER 29, 2022

Proof of funds. Clients should be aware that proof of funds is different from pre-approval from a lending institution. Buyers with all-cash offers still need a proof of funds letter, but for the entire amount. These funds must be liquid, not stocks or bonds. Real-estate owned (REO).

Purchase and sale agreement 98
Purchase and sale agreement Title Proof of funds Pre-approval 98
article thumbnail

Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

AUGUST 31, 2020

You will learn what each stage of the process looks like as we define the different terms clearly. You are typically required to have cash in hand (a cashier’s check and/or proof of funds) for the purchase price of the house and usually cannot get a mortgage loan for the property. Source: Dan Meyers / Unsplash).

Short sale 87
Short sale Sales Banks Inspection 87
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 

Stay Connected

Join 134,000+ Insiders by signing up for our newsletter

About
Awards
About
Editions
Awards
Editions
Topics
LinkedIn Twitter
Powered by Aggregage | Terms and Conditions | Your California Rights and Privacy Policy
© Aggregage 2024