Remove Due diligence Remove Mortgages Remove Real-estate owned
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Financial services firm Consolidated Analytics acquires Real Info

Housing Wire

The Santa Ana, California-based financial services company provides solutions including due diligence services, property valuations, mortgage fulfillment and consulting and advisory services. Terms of the deal were not disclosed.

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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

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How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

HomeLight

John Durham is a successful real estate agent in Henry County, Georgia, and has purchased homes at auction for 16 out of 20 years of his career as a real estate agent. The purpose of the foreclosure auction is to recoup money for missed mortgage payments or tax liens. Where can you find foreclosure auctions? “The

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How Does Buying A Foreclosure Work? Take Our Hand, We’ll Walk You Through It

HomeLight

Preforeclosure: The lender sends a notice of default to inform the owner that they must get up to date on their mortgage payments within a certain timeframe — or they will face foreclosure. REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it.

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What Is a Short Sale in Real Estate? The Ultimate Guide

The Close

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? Their short sale mortgage is said to be underwater, if they secure a buyer, they must get bank approval to proceed with the sale. What Happens in a Real Estate Short Sale? Lets begin!

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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. Properties get to this point after the borrower stops making mortgage payments for a period of time.

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13 Steps to Buying a Bank-Owned Foreclosure

HomeLight

When a homeowner stops making mortgage payments , eventually the bank will foreclose on their house, and the property will become bank-owned. The steps in between the first missed mortgage payment and a bank-owned foreclosure follow a pattern like this: The homeowner fails to make at least three consecutive months of mortgage payments.

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