Realty Biz

JUNE 20, 2023

Navigating the real estate landscape can be challenging, especially for beginners. However, it requires a sound strategy and due diligence to find the best deals. Types of Foreclosures There are three main types of foreclosures: pre-foreclosures, auctions, and real estate-owned (REO) properties.

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Due diligence Hard money loan Inspection Title 76

HomeLight

SEPTEMBER 30, 2021

REO owned: If the home doesn’t sell at auction, it becomes real-estate owned, meaning the bank or lender owns it. Finally, a third way to buy a foreclosure is through a real-estate owned, or REO, listing. REO listings. You’re buying as-is. You’re at the bank’s mercy.

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Banks Inspection Equity Investor 122

The Close

FEBRUARY 19, 2025

Obtaining a clear title is also critical, so investors must conduct comprehensive research and due diligence. Buying a Short Sale Home Buying short sale real estate involves research, education, and due diligence. They must also be mindful of how this impacts their interest rate and terms.

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Short sale Sales Due diligence Purchase and sale agreement 52

HomeLight

SEPTEMBER 1, 2020

The home is now bank-owned (sometimes also called REO, or “real estate owned”). Bank-owned homes may not be the best-staged or the most recently renovated. Hopefully, you feel confident in having done your due diligence and are secure in the knowledge that you got the home you wanted at a good price.

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The Close

DECEMBER 29, 2022

Due diligence period. What if your clients are asking about their due diligence period? How to Get a Real Estate License in 5 Simple Steps. Real-estate owned (REO). How Smart Investors Decipher & Respond to Real Estate Market Cycles. Related Article. Related Article.

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