The Close

FEBRUARY 19, 2025

Their short sale mortgage is said to be underwater, if they secure a buyer, they must get bank approval to proceed with the sale. In this guide, I cover what is a short sale real estate, its unique sales process, legal considerations, where to find short sale properties, and tips to succeed.

Short sale 52

Short sale Sales Due diligence Purchase and sale agreement 52

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

Pre-approval 105

Pre-approval Pre-qualification FHA loan Inspection 105

The Close

DECEMBER 29, 2022

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Due diligence period. What if your clients are asking about their due diligence period? Pre-approval. Related Article. Prequalification.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98