Remove Development Remove Short sale Remove Title search
article thumbnail

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). Let’s take a look at the most common foreclosure sales and how they work. Short sale. So, it’s helpful to know precisely how to find them.

article thumbnail

How to Get a Mortgage Loan: A Step-By-Step Guide for First-Timers

HomeLight

FHA loans are backed by the Department of Housing and Urban Development and accept credit scores as low as 500. Title search. A title search is a process to confirm the current owner has a clear title to the property and is thus eligible to sell it. They also accept down payments as low as 3.5%

Loans 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cheap Investment Properties: How to Find Them?

Marco Santarelli

Check Our Inventory of Turnkey Rental Properties For Sale 2.2. Foreclosures and Short Sales Distressed properties often come at a discount: Foreclosures and short sales present opportunities to acquire properties below market value. Navigating the complexities: This arena requires expertise and caution.

article thumbnail

How To Find Investment Properties For Sale?

Marco Santarelli

Another solution in this category is buying investment properties for sale from property developers in private investment groups. These investment properties for sale may be fixed and flip, fix and rent out, or massive redevelopments of multi-family housing. This can take several forms. Check the “for rent” ads.

Sales 80
article thumbnail

How to Buy a House at Auction: A Guide for Foreclosure Newbies

HomeLight

Department of Housing and Urban Development (HUD) homes for sale portal. Since you’ll already have your financing lined up and you’ll have already reviewed the sales terms of the auction, you’ll know whether you’re due to pay in full or put down 10% (or some other deposit amount) immediately following your win.

Title 111
article thumbnail

Buying a House Online? How to Get it Done in 15 Steps

HomeLight

Local agents also know the housing stock in the area — including which builders built which local developments, the common issues in their homes over time, or the most desirable new areas. Step 12: Consider title insurance. Title insurance protects you from anything that might have been missed during the title search.

article thumbnail

5 of the Top We Buy Houses For Cash Companies in New Jersey

HomeLight

In the years since then, the company developed a mission to revitalize both homes and communities. They specialize in short sales, so sellers who have fallen behind on mortgage payments may take extra interest in their expertise. Title search. Cash-for-homes companies often handle title issues.