HomeLight

MAY 17, 2022

A short sale is a type of preforeclosure; when a homeowner stops making payments on their mortgage and owes more on the home than the house is worth in the current market, then they will need to sell the house for less than they owe, and the lender will be “short” on the amount of money they accept in the sale (hence the name).

Inspection 115

Inspection Banks Short sale Title 115

The Close

MARCH 15, 2022

Short sales and foreclosures quickly became the norm. Unlike the million-plus real estate licensees that left the business, I pivoted to working with distressed homeowners and became a Real Estate Owned (REO) agent. Real estate bubbles were commonplace in the U.S. I was fortunate.

Agents 98

Agents Investor Banks Land 98

Real Trends

JANUARY 25, 2023

Another possible niche is buyers who need creative financing, such as rent-to-own financing or owner financing. This is a way to help those who have credit problems afford a home of their own. Situational Situational real estate transactions occur outside of “normal ” sales.

Homeowner’s association 79

Homeowner’s association Finance Agents Short sale 79

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. They’re all great ways to find REO homes in your area.

Agents 104

Agents Banks MLS Title 104

Marco Santarelli

MARCH 15, 2021

Due to the pandemic, there are moratoriums on single-family foreclosures and real estate-owned (REO) evictions until March 31, 2021, to keep delinquent homeowners in their homes. Buying a pre-foreclosure home is a great opportunity to pay the lower-than-market price for a property, especially if you find a short sale property.

Marketing 126

Marketing Investor Sales As-is 126

Housing Wire

FEBRUARY 5, 2025

Agents looking to specialize in an outdoor amenities niche might consider: Lakefront homes Mountain homes (think: the Adirondacks) Oceanfront or beachfront property Ski/Snowboarding resort properties (think: Whistler or Aspen) Farmland Vacant land Properties in these niches may have unique property taxes, zoning or development regulations.

Commercial 312

Commercial Agents Development Renovation 312

The Close

DECEMBER 29, 2022

One example is someone using a private road to access their own land. This is the government’s right to use private land for a specific, public purpose after compensating the owner. An encroachment is a violation of an owner’s property rights by building or extending onto their land without permission. Short sale.

Purchase and sale agreement 98

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