Realty Biz

JULY 19, 2022

However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. This becomes REO.

Purchase and sale agreement 101

Purchase and sale agreement Short sale Loans Inspection 101

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Auctions The most common type of foreclosure sale is by an auction. Youll need to coordinate with your real estate agent in order to tour these properties.

Pre-approval 31

Pre-approval FHA loan Short sale Banks 31

HomeLight

MAY 17, 2022

Generally, lenders will take much less than top dollar for a foreclosure, which is good news for anyone looking to score a deal on real estate. I mean, it takes probably, at the minimum, three to four months to get a short sale through.”. Is buying a foreclosed house for dummies a hack that would work for you?

Inspection 115

Inspection Banks Short sale Title 115

HomeLight

SEPTEMBER 1, 2020

But then, it went into foreclosure and didn’t sell at auction, so now it’s listed as an REO, or real estate-owned property. A “real estate owned,” or REO, home is one that’s owned by a bank. Buying a bank-owned home isn’t the same as buying a house from a private homeowner. What’s an REO home?

Banks 98

Banks Agents Sales Short sale 98

Real Trends

NOVEMBER 3, 2022

While some niches, such as luxury real estate, draw in a fair amount of competition, lesser-known niches might not. Below are twenty smaller real estate niches that can result in major profit if approached correctly. Below are twenty smaller real estate niches that can result in major profit if approached correctly.

Short sale 111

Short sale Real-estate owned Construction Brokerage 111

McKissock

APRIL 30, 2021

As a real estate appraiser, whether you’re considering the current terms of sale or analyzing previous sales of the subject property or comparable sales, it is imperative to know whether a sale is an arms-length transaction or a different type of sale. Short sale. Estate sale.

Sales 88

Sales Short sale Real-estate owned Title 88

McKissock

NOVEMBER 13, 2020

If a mortgage lender acquires the title to a property as the result of a foreclosure, the property is called an “REO” property, which is short for “Real Estate Owned.” However, inspecting these types of properties can be dangerous. Additionally, you may encounter environmental hazards such as mold. Trust your instincts.

Inspection 88

Inspection Short sale Title Real-estate owned 88

HomeLight

SEPTEMBER 30, 2021

You see foreclosures listed on your favorite real estate sites, but what does that term really mean ? “A REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it. Pre-foreclosure sales. This is usually done through a preforeclosure sale.

Banks 122

Banks Inspection Equity Investor 122

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 105

Banks Pre-qualification Investor Short sale 105

Real Trends

JULY 3, 2023

With 30 years of real estate experience, Jon Salvador, a Burlington, Iowa-based Century 21 Property Professionals agent, is without a doubt and industry veteran. million in sales volume, good enough for the No. Brooklee Han: Can you tell me about how you got your start in real estate?

Agents 104

Agents Industrial Short sale As-is 104

HomeLight

FEBRUARY 4, 2022

Here’s a riddle for you: What do government websites, real estate agents, and a drive around the block have in common? Real estate owned, or REO, homes are a result of the foreclosure process , which varies from state to state. They’re all great ways to find REO homes in your area. What is an REO home?

Agents 104

Agents Banks MLS Title 104

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. A date for a foreclosure auction is announced.

Banks 98

Banks Inspection contingency Inspection FHA loan 98

Real Trends

JANUARY 25, 2023

It can be difficult to predict what’s next in real estate, but one of the best ways real estate agents can protect themselves from dramatic fluctuations in the market is to find a niche. It’s also important to note that luxury home sales are just as uncertain as any other type of home.

Homeowner’s association 79

Homeowner’s association Finance Agents Short sale 79

HomeLight

AUGUST 31, 2020

Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. The reality is, there are a variety of substantial pros and cons that any would-be buyer should weigh seriously before purchasing a bank-owned property.

Banks 98

Banks Inspection Inspection contingency Title 98

Easy Agent Pro

DECEMBER 29, 2020

Economists are, for the most part, predicting a red-hot year for real estate in 2021. As in all things real estate-related, location is paramount when deciding whether to spend your limited and valuable time on how to get foreclosure listings. Ready to learn how to get foreclosure listings? This comes as “More than 3.3

Agents 95

Agents FHA loan Loans Sales 95

HomeLight

SEPTEMBER 30, 2020

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. An experienced real estate agent can also help you find upcoming foreclosure auctions. But how do foreclosure auctions work?

Due diligence 98

Due diligence Hard money loan Finance Banks 98

Marco Santarelli

MARCH 15, 2021

If you are looking at buying real estate in Philadelphia in 2021, you must read until the end. Philadelphia is a hot seller's real estate market by all housing indicators. PHILADEPHIA IS A SELLER’S REAL ESTATE MARKET. It means that the demand from buyers is exceeding the current supply of homes for sale.

Marketing 126

Marketing Investor Sales As-is 126

The Close

MARCH 15, 2022

That’s why I decided to write this article explaining what a real estate bubble is, if we’re in one now, and most importantly, if or when I think the bubble might pop. Ask a real estate CEO or economist and they’ll tell you that there are many factors contributing to the current and massive housing appreciation throughout the U.S.

Agents 98

Agents Investor Banks Land 98

HomeLight

MARCH 10, 2023

If you are considering flipping houses in NY, HomeLight always encourages you to reach out to an advisor regarding your own situation. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.

House Flipping 105

House Flipping Renovation Investor Finance 105

Housing Wire

FEBRUARY 5, 2025

Choosing the right real estate niche (or niches) will help you gain expertise, sharpen your career focus and protect yourself from sudden market fluctuations. Probate or inherited properties Probate or inherited properties are another real estate niche that can be quite lucrative, as well as challenging.

Commercial 312

Commercial Agents Development Renovation 312

The Close

DECEMBER 29, 2022

And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. The catch is that they must sell one property and buy a similar one within a set time frame.

Purchase and sale agreement 98

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

Housing Wire

FEBRUARY 5, 2025

California-based Auction.com published its 2025 Distressed Market Outlook report on Tuesday, which included three scenarios for this years expected tally of auction sales. Auction.com also calculated two other potential paths for auction sales. For context, annualized home-price growth was 4.3% as of December.

Sales 417

Sales Renovation Finance Short sale 417