Redfin

MARCH 4, 2025

Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. If a buyer with a government-backed loan goes into foreclosure, the government will take control of the property. Preforeclosures A preforeclosure is a home that is in the beginning stages of foreclosure.

Pre-approval 35

Pre-approval FHA loan Short sale Banks 35

HomeLight

SEPTEMBER 1, 2020

If the former homeowner defaulted on an FHA loan, the home may become inventory for various HUD programs, including the Good Neighbor Next Door program. Bank-owned homes may not be the best-staged or the most recently renovated. Make sure the offer includes any important contingencies, such as an inspection contingency.

Banks 98

Banks Inspection contingency Inspection FHA loan 98

Windemere Buying

OCTOBER 18, 2021

Not getting pre-approved Getting pre-approved is a key component of the early stages of the buying process and will help to maximize your chances of getting your offer accepted. VA Loans can be a lifesaver for active service and veteran personnel, offering zero down payment and lower-than-average mortgage rates.

Pre-approval 52

Pre-approval Pre-qualification Debt-to-income ratio Inspection 52

HomeLight

DECEMBER 29, 2023

If a buyer requests further deductions to the price based on their inspection, you may be able to point to how the estimated cost of certain repairs was already baked into the list price. I’ll give an inspection contingency, that’s it. For an as-is, the sale can be a win-win situation for the seller.

As-is 110

As-is Inspection Finance Loans 110

HomeLight

AUGUST 24, 2022

On occasion, conventional lenders may even finance a fixer-upper property sold “ as is ,” and it’s not impossible to finance a fixer-upper with an FHA loan. Cash eliminates the lender-ordered appraisal as well as the time it takes to close on the buyer’s loan, creating a faster and clearer path to settlement. No staging.

As-is 111

As-is Inspection Closing costs Investor 111

HomeLight

AUGUST 12, 2022

Often, that means advocating for the removal of inspection contingencies. “In On occasion, conventional lenders may even finance a fixer-upper property sold “ as is ,” and it’s not impossible to finance a fixer-upper with an FHA loan. No staging. Prioritize a cash offer if you receive one. Skip repairs.

As-is 111

As-is Purchase and sale agreement Natural hazards disclosure Closing costs 111