|
|
|
|
|
Seller Owned |
Property owned by a private entity and builder inventory |
|
|
Corporate Relo Owned |
Property owned by a Company as a result of an employee relocation |
|
|
REO |
Financial institution holds title to property usually through foreclosure or deed in lieu of foreclosure |
|
|
FHA Owned |
The Federal Housing Administration (FHA) holds title to property through foreclosure |
|
|
VA Owned |
The Department of Veteran's Affairs (VA) holds title to property through foreclosure |
|
|
Trust Owned |
An appointed party who manages the right of the the real property for the person(s) who holds legal title |
|
|
Equitable Interest |
Beneficial interest in real estate that implies receipt of legal title at a future date |
|
|
Short Sale |
Title holder's sales proceeds are insufficient to pay outstanding mortgages and other liens AND seller does not have funds available to pay the deficiency |
|
|
Pre-Foreclosure |
Seller is not current on payments and has been served a "notice of default" leading to possible foreclosure or foreclosure proceedings have already begun |
|
|
Foreclosed |
A transfer of title by a court, following a default by a borrower, in which ownership has been transferred to lender |
|
|
Owner License RE Agent |
Property is owned by a person or entity currently holding a valid real estate license |
|
|
|
|
|
