Broke Agent Media

JANUARY 16, 2023

Our recent homeowner equity report shows that 93 percent of borrowers in foreclosure today have positive equity, which they appear to be leveraging in order to avoid a foreclosure by refinancing their mortgage or selling the property at a profit. Real Estate Owned or REO properties (foreclosed on and repossessed by a bank).

Banks 98

Banks Equity Real-estate owned Sales 98

Redfin

MARCH 4, 2025

These properties are often priced below market value, making them attractive to buyers looking for a good deal or hoping to build equity quickly. Investors may see foreclosure purchases as an opportunity to renovate and resell for a profit, while homebuyers may find a house they wouldnt otherwise be able to afford.

Pre-approval 35

Pre-approval FHA loan Short sale Banks 35

HomeLight

MARCH 10, 2023

If you are considering flipping houses in NY, HomeLight always encourages you to reach out to an advisor regarding your own situation. Investors used to get some of their properties from the county auction, but that inventory became limited due to the moratorium on foreclosures during the height of the COVID pandemic.

House Flipping 105

House Flipping Renovation Investor Finance 105

Lab Coat Agents

JANUARY 10, 2022

The truth is that everybody can invest in real estate somehow, even if they have a small amount of money to begin with. Real estate is an excellent method to broaden your investment portfolio. What Does It Mean to Invest in Real Estate? Investing in real estate might imply a variety of things.

Debt-to-income ratio 59

Debt-to-income ratio Investor Renovation Equity 59

HomeLight

JUNE 28, 2021

For instance, certain windows may only be open to buyers or nonprofits and government agencies, while others will allow bidding from investors. In Collinge’s opinion, HUD homes can be an excellent investment for handy folks who are willing to put some good sweat equity into the house. Homebuyers have the upper hand. No haggling.

Pre-approval 105

Pre-approval Pre-qualification FHA loan Inspection 105

HomeLight

SEPTEMBER 1, 2020

The home is now bank-owned (sometimes also called REO, or “real estate owned”). Prices can be more difficult to negotiate on bank-owned properties for the reasons stated above, and also because any offers often have to be reviewed by several members of the bank, who all in turn have to answer to shareholders or investors.

Banks 98

Banks Inspection contingency Inspection FHA loan 98

Housing Wire

FEBRUARY 5, 2025

Profits for short-term rental investors are shrinking, which means a potential glut of prime vacation homes hitting the market at more attractive prices. However, with low inventory and high interest rates in recent years, many more house hunters are looking for a lower-priced property that they can improve with some love and sweat equity.

Commercial 304

Commercial Agents Development Renovation 304

Housing Wire

FEBRUARY 7, 2022

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’” Instead, investors bought the run-down properties in bulk sales.

Equity 397

Equity Inspection Real-estate owned Residential 397

HomeLight

AUGUST 31, 2021

Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. This is different than a short sale because a pre-foreclosure seller usually still has equity in the house (meaning the home value is more than their mortgage balance).

Pre-approval 111

Pre-approval Short sale Banks Finance 111

The Close

DECEMBER 29, 2022

And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. 10 Sneaky Real Estate Scams + How to Protect Your Clients (& Yourself).

Purchase and sale agreement 98

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