The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. Lets begin!

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Short sale Sales Due diligence Purchase and sale agreement 52

Realty Biz

JANUARY 1, 2021

Pre- Foreclosures . A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. If a homeowner chooses to sell the property to avoid actual foreclosure they are usually ready to negotiate on the sale price of the home. Short Sales .

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Short sale Pre-approval Banks Loans 114

HomeLight

AUGUST 31, 2021

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.

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Pre-approval Short sale Banks Finance 111

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. If the auction accepts financing, make sure you have a pre-approval ready. The homeowners lender must agree to the short sale and approve your offer.

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Pre-approval FHA loan Short sale Banks 31

The Close

DECEMBER 29, 2022

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Pre-approval. The 9 Best FSBO Scripts (+ Why They Work).

Purchase and sale agreement 98

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