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How to Buy a Foreclosed Home: The Ultimate Step-by-Step Guide

Redfin

Investors may see foreclosure purchases as an opportunity to renovate and resell for a profit, while homebuyers may find a house they wouldnt otherwise be able to afford. If the auction accepts financing, make sure you have a pre-approval ready. Short sales A short sale is not the same as a foreclosure or a pre-foreclosure.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

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How to Sell a House from Out of State: Long-Distance Guide

HomeLight

Selling a house is rarely easy — but it certainly helps if you’re physically nearby to coordinate repairs, approve paint colors, or pop by during your lunch break to check on things. A skilled real estate agent can guide you through how to sell a house from out of state, providing an elevated level of service. Foreclosure.

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What Is a Short Sale in Real Estate? The Ultimate Guide

The Close

Their short sale mortgage is said to be underwater, if they secure a buyer, they must get bank approval to proceed with the sale. In this guide, I cover what is a short sale real estate, its unique sales process, legal considerations, where to find short sale properties, and tips to succeed.

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San Jose Real Estate Market & Investment Overview

Marco Santarelli

Due to the pandemic, there are moratoriums on single-family foreclosures and real estate-owned (REO) evictions to keep delinquent homeowners in their homes. Pre Foreclosures. Bank Owned. San Jose Real Estate Investment Overview. Is San Jose a Good Place Real Estate Investment?

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.