Realty Biz

JANUARY 1, 2021

Short Sales . A short sale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. In most short sales the property is currently worth less than the borrower owes on the mortgage which is referred to as being underwater. Bank-Owned Properties.

Short sale 114

Short sale Pre-approval Banks Loans 114

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. If possible, consult a real estate attorney to be sure you understand the realities of the auction and the transaction rules. What is foreclosure?

Pre-approval 35

Pre-approval FHA loan Short sale Banks 35

The Close

MARCH 15, 2022

Builders were selling homes by lottery, and real estate agents were living large—and so was I. Like many others, I owned multiple properties and I was building custom homes on the side for big profits. As agents, we knew that 100%, no-document lending was wrong, but we didn’t know the consequences. I was fortunate.

Agents 98

Agents Investor Banks Land 98

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. According to the real estate investment lending site New Silver, the average Fix and Flip investors in New York are generating $56,400 per flip. Wise agrees.

House Flipping 105

House Flipping Renovation Investor Finance 105

The Close

DECEMBER 29, 2022

This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. In a no-cost mortgage, the lending institution pays all of the closing costs in exchange for the borrower paying a higher interest rate. How to Get a Real Estate License in 5 Simple Steps. Foreclosure.

Purchase and sale agreement 98

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