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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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What’s behind the sharp decline in mortgage delinquencies?

Housing Wire

The economic and job market rebound, coupled with the successful exits from forbearance for many homeowners, contributed to these declines, and particularly for those in later stages of delinquency. This was quite a change from the documentation-heavy process that was developed for loss mitigation from the Great Financial Crisis (GFC).

Mortgages 501
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Best Foreclosure Websites to Find Homes

HomeLight

Foreclosure websites are online platforms that list properties in various stages of foreclosure. Each listing includes essential details like photos, descriptions, and contact information for agents or banks handling the sale. Department of Housing and Urban Development ( HUD ). Get Started What are foreclosure websites?

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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

It’s generally divided into four stages: recovery, expansion, hyper-supply, and recession. Stages of the Housing Market Cycle At any point, many factors affect the real estate market. However, every change in the market can fit into one of four stages of the real estate cycle: recovery, expansion, hypersupply, and recession.

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Can You Sell a Home in Foreclosure? Why Time Is of the Essence

HomeLight

Whatever stage you’re in, it’s natural to feel paralyzed with disappointment, sadness, and a sense of panic when those overdue notices and warnings come from your mortgage company. However, as the Department of Housing and Urban Development (HUD) mentions in its guidelines to avoiding foreclosure : “Foreclosure doesn’t happen overnight.”

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How to Make Money as a Real Estate Agent: 9 Strategies to Earn More

The Close

You might even get an opportunity to demonstrate your skills to developers wanting to fill newly built apartments or condos. Build a Relationship With Developers. When property developers are considering a new project, the first two questions they always ask are, “How much is it going to cost?” and “How much can we sell it for?”

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How to Sell a House With a Realtor®, From Home Prep to Closing Day

HomeLight

A top agent found through HomeLight will help you set a competitive price, prep and stage your home, market and advertise your home, spread the word to brokers, conduct open houses, and more. Develop a plan to achieve your selling goals. Develop an effective pricing strategy. Stage, photograph, and market your home.

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