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Five Types of Forclosure and Tips for Purchasing Each Type

Realty Biz

Pre- Foreclosures . A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. To find homes in pre-foreclosure you can search sites that specialize in this or you can have an experienced local agent help you out. Bank-Owned Properties.

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Which Tenant “Qualifications” Are Realistic In 2025?

Toronto Realty Blog

In theory, a pre-determined set of criteria would exist, and if the individual meets this criteria, then he or she “qualifies.” Bob is a software engineer and Susy is a website designer and they are currently interviewing for jobs and are both very confident in their ability to secure work. What does this mean?

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Pre-approval. However, your clients need to know the difference between pre-approval and prequalification (see below). Real-estate owned (REO).