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Radian’s Pyramid Platform automates every step of the real estate process

Housing Wire

In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more. Clients can utilize real-time and customizable reporting, as well as direct data warehouse access,” said Rebecca Smith, VP, Sales and Business Development.

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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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Five Types of Forclosure and Tips for Purchasing Each Type

Realty Biz

Short Sales . A short sale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. In most short sales the property is currently worth less than the borrower owes on the mortgage which is referred to as being underwater. Bank-Owned Properties.

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Best Foreclosure Websites to Find Homes

HomeLight

Each listing includes essential details like photos, descriptions, and contact information for agents or banks handling the sale. Equator.com Equator.com offers a comprehensive free website for finding foreclosed homes, short sales, and open market listings posted on the Hubzu auctions platform.

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

Again, the timeline varies by state, but this typically begins three to six months after the first missed payment , according to the Department of Housing and Urban Development (HUD). They’ll put the house up for auction either in a sheriff’s or public trustee sale (the name depends on what foreclosure process your state follows).

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Buying Foreclosed Homes for Dummies in 11 Steps Even You (Yes, You!) Can Do

HomeLight

A short sale is a type of preforeclosure; when a homeowner stops making payments on their mortgage and owes more on the home than the house is worth in the current market, then they will need to sell the house for less than they owe, and the lender will be “short” on the amount of money they accept in the sale (hence the name).

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How to Buy a Foreclosed Home: The Ultimate Step-by-Step Guide

Redfin

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. If possible, consult a real estate attorney to be sure you understand the realities of the auction and the transaction rules. What is foreclosure?