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What’s a Short Sale in Real Estate? This FAQ Sheet Breaks Down the Basics

HomeLight

In the midst of these financial straits, there may be a slightly better option: a short sale. But what is a short sale, and is it the right route for you? Weve broken out the most common questions about short sales to help you make a more informed decision about your next steps. What is a short sale?

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What are Preforeclosure Homes? Plus, How to Buy One

Redfin

When a homeowner struggles to make mortgage payments, their home enters a stage called preforeclosure. Address missed payments or initiate home sale Once a homeowner receives a Notice of Default, they have several options to address the situation. This requires the homeowner and lender to agree on the sale.

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How to Buy a Foreclosed Home: The Ultimate Step-by-Step Guide

Redfin

Whether youre looking at homes for sale in San Antonio, TX , or in Wilmington DE , there are options for you. There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Some are more common than others, so lets take a look at them.

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Real Estate Investor Tips to Capitalize on Spring and Summer Demand

AAOA

You might also consider looking for inventory through non-traditional avenues, such as auctions, short sales, and wholesalers. Professional staging may be a worthwhile investment to showcase your property in its best condition. In addition, you could approach homeowners directly about buying their property.

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Distressed Property: What It Is And How To Invest

AAOA

Preforeclosures: Preforeclosures refer to properties in the early stages of foreclosure. In these early stages, the homeowner struggles to keep up with mortgage payments but still owns the property. The heirs may want to get the property off their hands quickly, which can translate to a cheaper sale for you.

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Pandemic may lead to foreclosure crisis, CoreLogic says

Housing Wire

Not only could millions of families potentially lose their home, through a short sale or foreclosure, but this also could create downward pressure on home prices – and consequently home equity – as distressed sales are pushed back into the for-sale market,” the report said.

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This savagely unhealthy housing market needs higher rates

Housing Wire

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. month supply at the current sales pace. Inventory is always seasonal.