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But there are drawbacks, too, including the fact that short sales can impact your ability to buy a home in the future. Here’s what to know about getting a mortgage after a short sale. The impact ...
Short sales can provide an opportunity for buyers to purchase a home at a bargain price. However, the approval process with the seller’s mortgage lender can be complicated, and the home might ...
When your home value sinks below the amount you owe on your mortgage and you need to sell the house as soon as possible because you can't keep up with payments, a short sale might be your best option.
In finance, flipping is the practice of purchasing an asset and quickly reselling (or "flipping") it for profit. Within the real estate industry, the term is used by investors to describe the process of buying, rehabbing, and selling properties for profit. In 2017, 207,088 houses or condos were flipped in the US, an 11-year high.
In finance, speculation is the purchase of an asset (a commodity, goods, or real estate) with the hope that it will become more valuable shortly. It can also refer to short sales in which the speculator hopes for a decline in value. Many speculators pay little attention to the fundamental value of a security and instead focus purely on price ...
Another sale contingency – Purchase or sale of the real estate is contingent on a successful sale or purchase of another piece of real estate. The successful sale of another house may be needed to finance the purchase of a new one. Appraisal contingency – Purchase of the real estate is contingent upon the contract price being at or below a ...
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