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In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, shortsale, acquisition, rental management, and more. The platform was designed by users in today’s ever-changing environment who understand that the most e? Rebecca Smith, VP, Sales and Business Development.
ShortSales . A shortsale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. In most shortsales the property is currently worth less than the borrower owes on the mortgage which is referred to as being underwater. Bank-Owned Properties.
But then, it went into foreclosure and didn’t sell at auction, so now it’s listed as an REO, or realestate-owned property. Even experienced homebuyers who’ve already bought and sold a few homes will find the process much different, and they will also need an agent who specializes in REO sales. What’s an REO home?
With online foreclosure auctions, you submit your offer digitally during a designated day and time. An online option like a realestateowned (REO) property, you’re not spending any money into it,” says Durham. He advises that you set your numbers in advance so your spending doesn’t get out of control.
Green and sustainable building practices are becoming the norm, and recent natural disasters have made it clear that thoughtfully designed homes built with the right materials can also protect against catastrophic loss. Also, if you have a knack for renovations and interior design, this will be an ideal realestate niche for you.
This can lead to a shortsale, foreclosure auction, and/or the lender taking possession of the property. How to Get a RealEstate License in 5 Simple Steps. Real-estateowned (REO). RealEstate Settlement Procedures Act (RESPA). Shortsale. Foreclosure. Freddie Mac.
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