Read Freddie Mac's letter to NAR, which seeks to clarify the execution of its short sales auction pilot program.
Online auctions are opening up vast opportunities for buyers and their agents.
As home prices rise, lenders are showing less willingness to grant short sales.
The following is a glossary of real estate auction terms developed by NAR's Real Estate Auction Committee, the National Auctioneers Association, and the Auction Marketing Institute. While it is a real estate glossary, most of the terms apply to all types of auctions.
Across the country, real estate professionals are increasingly turning to the auction as a winning marketing tool. If you properly qualify your situation as a potential auction scenario (we’ll tell you how), you have an excellent chance at turning over a property quickly.