Remove Pre-approval Remove Real-estate owned Remove Staging
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How to Buy a Foreclosed Home: The Ultimate Step-by-Step Guide

Redfin

If the auction accepts financing, make sure you have a pre-approval ready. If possible, consult a real estate attorney to be sure you understand the realities of the auction and the transaction rules. Bank-owned properties Bank-owned properties, often called real estate-owned (REO) properties, are owned by the lender.

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What Is an REO Property, and How to Buy One?

Point2Homes

Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank. The best way to avoid this scenario is to get pre-approved with the lender selling that property. What Is an REO Property?

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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. No staging.

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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

In May 2020, there were 208 properties in San Jose, CA that are in some stage of foreclosure (default, auction or bank-owned) while the number of homes listed for sale on RealtyTrac was 436. Pre Foreclosures. Bank Owned. San Jose Real Estate Investment Overview. Foreclosure Type. Prior Month. Prior Year.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

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. Pre-approval. However, your clients need to know the difference between pre-approval and prequalification (see below). Real-estate owned (REO).