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What Is A Short Sale and Is It A Good Idea As A Buyer?

HomeLight

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale.

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Should You Buy a Short Sale House? Answer These 10 Questions to Find Out

HomeLight

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. Short sales fall into the category of “distressed” sales. Here’s when it’s good to buy a short sale house. First: What’s a short sale?

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How Long Does a Short Sale Take? What to Expect When You’re Buying Short

HomeLight

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.

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How and When to Buy Foreclosure Property

Realty Biz

This article might be premature because across most of the country home sales continue happening rapidly. Investors are looking at the current economic situation and anticipating that an even bigger spike in foreclosures is on the horizon. The REO sales process is much the same as any traditional sales process.

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Can I Legally Sell My Rental Property With Tenants in It?

HomeLight

If you need assistance navigating the legalities of your sale, HomeLight always encourages you to reach out to your own advisor. We talked to experienced property investors and a top real estate agent to gather tips and tricks about the benefits and drawbacks of selling a home empty and occupied. Sell Your Rental Property With Tenants.

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Selling Your Rental Property? Be Aware of These 15 Tenant Rights

HomeLight

However, if your property is occupied, you need to be aware of a tenant’s rights when a house is for sale as they pertain to your area, as well as the specific terms of your lease agreement. How does the eviction moratorium affect a possible sale? Consider drafting a repayment agreement with your tenant.

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Selling to Florida Cash Home Buyers: Tips from Experts

HomeLight

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? In addition, 34% of Florida housing units are occupied by renters, so the state remains a hotspot for investor activity. A cash offer can lead to a speedier and lower hassle sale. Request Offer. How to find cash buyers in Florida.