Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. What is foreclosure?

Pre-approval 35

Pre-approval FHA loan Short sale Banks 35

HomeLight

JUNE 30, 2024

Foreclosure websites are online platforms that list properties in various stages of foreclosure. Each listing includes essential details like photos, descriptions, and contact information for agents or banks handling the sale. These homes are typically properties that were financed with an FHA loan and have now been repossessed.

Short sale 115

Short sale Banks Finance Investor 115

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. You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Source: faiq daffa / Unsplash).

Banks 98

Banks Inspection contingency Inspection FHA loan 98

HomeLight

OCTOBER 27, 2021

A home is in preforeclosure when the owner has stopped making mortgage payments for several months and their loan is delinquent or in default — so the owner is approaching foreclosure. At this stage, official notice of default has been issued and is publicly available. Step 3: Find your house.

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Purchase and sale agreement Inspection Homeowner’s association Title 110

HomeLight

MAY 23, 2022

Staging each room to showcase its potential. Staging the backyard with lawn furniture, a grill, etc. 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. Decluttering closets. Skip repairs.

As-is 111

As-is Inspection Sales Investor 111

HomeLight

DECEMBER 30, 2021

According to the National Association of Realtors® Research Group’s 2021 data , 64% of buyers have conventional loans, 16% have FHA loans and 14% received VA loans. Another issue may be that a comparable property the appraiser used turned out to be a distressed property, foreclosure, or short sale.

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Loans Agents Inspection Closing 119

HomeLight

MAY 19, 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 119

As-is Inspection Investor Closing costs 119