Inspection contingency Mortgages Short sale 
HomeLight
SEPTEMBER 30, 2020
For a homeowner, that might look like not being able to make mortgage payments for a period of time. If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. Short sales operate according to the lender’s approval, requirements, and timeline.
Point2Homes
DECEMBER 8, 2020
A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. Short Sale.
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HomeLight
NOVEMBER 8, 2024
A home is marked as pending once an offer is accepted and both parties have agreed to the sale’s terms. This can mean that the buyer’s financing is approved, the inspection contingency is met, or any appraisal concerns are resolved. More on contingencies in a minute.) Why might a home be listed as pending?
HomeLight
JANUARY 13, 2022
Inspection contingencies. Inspection contingencies mean that a buyer can get a home inspected before the deal goes through, and can back out of the purchase with earnest money intact, depending on what the inspector finds. Inspection contingencies can be waived. Appraisal contingencies.
HomeLight
MAY 17, 2022
A preforeclosure means the homeowner has stopped making payments or fallen behind on their mortgage payments. However, unless homeowners can come current on their current mortgage or negotiate a loan modification, they will lose their home. I mean, it takes probably, at the minimum, three to four months to get a short sale through.”.
Redfin
MARCH 4, 2025
There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. All mortgages place a lien on the property in the event that a lender needs to take ownership of the home. What is foreclosure?
HomeLight
JULY 31, 2020
For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process. Short sale. Loan approval. Dodge move.
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