Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. If the auction accepts financing, make sure you have a pre-approval ready. Youll need to coordinate with your real estate agent in order to tour these properties.

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Pre-approval FHA loan Short sale Banks 31

Realty Biz

JANUARY 1, 2021

Pre- Foreclosures . A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. They will also be listed in the county and city courthouses.

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Short sale Pre-approval Banks Loans 114

HomeLight

AUGUST 31, 2021

But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties.

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Pre-approval Short sale Banks Finance 111

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. If you’re searching for HUD homes, you won’t find them on most real estate sites. Source: (Jeremy Yap / Unsplash).

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Pre-approval Pre-qualification FHA loan Inspection 105

Point2Homes

JUNE 23, 2021

Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank. From there, the bank will collaborate with REO specialists and real estate agents to sell the property. Are REOs Worth It?

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Pre-approval Banks Title search Inspection 71

HomeLight

MARCH 30, 2022

Selling a house is rarely easy — but it certainly helps if you’re physically nearby to coordinate repairs, approve paint colors, or pop by during your lunch break to check on things. A skilled real estate agent can guide you through how to sell a house from out of state, providing an elevated level of service. Work relocation.

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Pre-approval Agents Closing MLS 116

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? Their short sale mortgage is said to be underwater, if they secure a buyer, they must get bank approval to proceed with the sale. What Happens in a Real Estate Short Sale?

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Short sale Sales Due diligence Purchase and sale agreement 52