Housing Wire

FEBRUARY 21, 2023

We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If Holding properties as REO becomes even more risky in a slowing real estate environment. These are market-based decisions.”

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Marketing Renovation Investor Sales 354

HomeLight

AUGUST 31, 2021

They’ll put the house up for auction either in a sheriff’s or public trustee sale (the name depends on what foreclosure process your state follows). Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. Short sale.

Pre-approval 94

Pre-approval Short sale Banks Finance 94

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale?

Banks 104

Banks Pre-qualification Investor Short sale 104

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). Four Ways to Invest in Real Estate. Investing in real estate investment trusts (REITs).

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Debt-to-income ratio Investor Renovation Equity 59

HomeLight

JUNE 28, 2021

Buying a HUD home isn’t like traditional home sales. John Collinge , a multi-year top-producer awardee and 11-year top-selling real estate agent out of Anchorage, Alaska, suggests all HUD homebuyers have a cash reserve. Once a home is listed for sale it’s given a specific window during which bid submissions are accepted.

Pre-approval 90

Pre-approval Pre-qualification FHA loan Inspection 90

HomeLight

SEPTEMBER 1, 2020

If the homeowner fails to catch up on their payments by the auction date, the home is auctioned for sale. The home is now bank-owned (sometimes also called REO, or “real estate owned”). First, it’s worth noting that the term “bank-owned foreclosure” is a bit of a misnomer. Here’s what you’ll be getting into.

Banks 74

Banks Inspection contingency Inspection FHA loan 74

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.

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Agents Banks MLS Title 77