Realty Biz

JUNE 20, 2023

Navigating the real estate landscape can be challenging, especially for beginners. However, it requires a sound strategy and due diligence to find the best deals. Foreclosure listings are usually available on local court websites, local newspapers, real estate websites, and at the county recorder's office.

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Due diligence Hard money loan Inspection Title 76

HomeLight

SEPTEMBER 30, 2020

Teaming up with an experienced agent on foreclosure properties and auctions, we’ll answer this question and more — to prepare you for what to expect at a foreclosure auction. John Durham is a successful real estate agent in Henry County, Georgia, and has purchased homes at auction for 16 out of 20 years of his career as a real estate agent.

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Due diligence Hard money loan Finance Banks 98

HomeLight

SEPTEMBER 30, 2021

“A foreclosed property is a property that has gone through the legal process of foreclosure where the bank seeks to regain ownership of the property to make good on a debt,” explains top Seattle real estate agent Ken Crotts , who works with over 66% more single family homes than the average area agent. REO listings.

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The Close

FEBRUARY 19, 2025

Therefore, knowing market conditions and regulations surrounding short sales is essential for real estate investors and agents. Obtaining a clear title is also critical, so investors must conduct comprehensive research and due diligence. Suppose you work with a real estate agent to buy or sell a short sale.

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Short sale Sales Due diligence Purchase and sale agreement 52

HomeLight

JUNE 28, 2021

The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). 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. Find a HUD-approved agent.

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Pre-approval Pre-qualification FHA loan Inspection 105

HomeLight

SEPTEMBER 1, 2020

The home is now bank-owned (sometimes also called REO, or “real estate owned”). The process of buying a bank-owned foreclosure. First, it’s worth noting that the term “bank-owned foreclosure” is a bit of a misnomer. Step 1: Find the right agent. Not all agents do! Source: Hans M / Unsplash).

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HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. “So There are online tips and tools available to help you find bank-owned homes. REOs for short, these kinds of sales expose buyers to a lot of potential risk.

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Banks Pre-qualification Investor Short sale 105