Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. It can also factor in the effects of local events like foreclosures and recent sales.

Technology 448

Technology Mortgages Commercial Inspection 448

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

HomeLight

SEPTEMBER 30, 2020

With online foreclosure auctions, you submit your offer digitally during a designated day and time. An online option like a real estate owned (REO) property, you’re not spending any money into it,” says Durham. You’re not spending any money into it until after you’re under contract and based on your inspection.”.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

Housing Wire

FEBRUARY 7, 2022

After the housing crisis, the GSE’s portfolio of foreclosed, or “Real Estate Owned” properties ballooned. Our REO maintenance standards are designed to ensure that all properties are tended to and treated equally.”. Instead, investors bought the run-down properties in bulk sales.

Equity 397

Equity Inspection Real-estate owned Residential 397

The Close

DECEMBER 29, 2022

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. Don’t you love it when the co-borrower is the client’s dad who comes along on the inspection and is suddenly an expert on chimney engineering? Home inspection. Real-estate owned (REO).

Purchase and sale agreement 98

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