What Is a Short Sale (Real Estate)?
What Is a Short Sale (Real Estate)?
This term in real estate means a sale that takes place when a financially troubled homeowner sells their property for a lower price than the amount due on the mortgage. The buyer of the property is a third party (not the bank), and all proceeds from the sale go to the lender. The lender has two options available—they can forgive the remaining balance or go after the homeowner through a deficiency judgment, which requires them to pay the lender all or part of the difference. In some states, this difference must legally be forgiven in a short sale.
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Short sale deals are an asset to real estate investors who know how to navigate them. While they can be time-consuming and typically require more work to facilitate than a traditional sale, short sales are also an excellent source for deals with attractive profit margins. For those who want to capitalize on this great source... View Article
The post Short Sales Negotiation Tactics From The Pros appeared first on FortuneBuilders.
Short sale deals are an asset to real estate investors who know how to navigate them. While they can be time-consuming and typically require more work to facilitate than a traditional sale, short sales are also an excellent source for deals with attractive profit margins. For those who want to capitalize on this great source... View Article
The post Short Sales Negotiation Tactics From The Pros appeared first on FortuneBuilders.
Homeowners list their properties as short sale homes when their values drop below the amount of mortgage owed and they can’t pay it back. Table of Contents What Is a…
Homeowners list their properties as short sale homes when their values drop below the amount of mortgage owed and they can’t pay it back. Table of Contents What Is a…
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This term in real estate means a sale that takes place when a financially troubled homeowner sells their property for a lower price than the amount due on the mortgage. The buyer of the property is a third party (not the bank), and all proceeds from the sale go to the lender. The lender has two options available—they can forgive the remaining balance or go after the homeowner through a deficiency judgment, which requires them to pay the lender all or part of the difference. In some states, thi...
This term in real estate means a sale that takes place when a financially troubled homeowner sells their property for a lower price than the amount due on the mortgage. The buyer of the property is a third party (not the bank), and all proceeds from the sale go to the lender. The lender has two options available—they can forgive the remaining balance or go after the homeowner through a deficiency judgment, which requires them to pay the lender all or part of the difference. In some states, thi...
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But is going in on crowdfunded real estate ...
One of the beauties of real estate is that there are many ways to invest in it. You can fix and flip properties, buy and hold them, lease rental units, invest in real estate investment trusts (REITs), get into self-storage, and so much more.
One (relatively) new way to invest in real estate is through crowdfunded real estate platforms. They’ve only been around since 2012 and offer lay investors an easy way to get into real estate with little effort.
But is going in on crowdfunded real estate ...
An aging apartment community in Durham has been acquired by a New Jersey company.
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The post Concreit Review: Short-Term Fractional Real Estate Investing appeared first on SparkRental.
The post Concreit Review: Short-Term Fractional Real Estate Investing appeared first on SparkRental.
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