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How borrowers can stay afloat with home equity products during difficult economic times

Housing Wire

Even those with a considerable equity stake may find themselves in this dilemma. What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? The borrower’s equity can be further eroded by legal and other fees.

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12 Typical Closing Costs for Seller in Alabama

HomeLight

To help you get a clearer picture of the closing costs for sellers in Alabama, HomeLight interviewed a leading Alabama real estate agent to put together this comprehensive guide. over the previous year, you may even pocket a significant profit from your sale if you have substantial equity.

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The purchase market is an opportunity for the title industry

Housing Wire

How hybrid title and valuations help increase lending efficiency. Why use several vendors for title searches, appraisals and underwriting when you can use one? That general principle holds true for the title and settlement services space as well. 2021 could still be a very good year for prepared businesses.

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A look at the role instant title plays in the borrower journey

Housing Wire

A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. HousingWire recently spoke with Dave Steinmetz, Division President of Origination Services for ServiceLink, on what tools lenders should leverage to streamline home equity title and closing.

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Are Closing Costs Tax Deductible When Selling a House?

HomeLight

If you count real estate agent commissions (technically not a closing cost), the percentage increases to a range of 6% to 10%. If you have questions, reach out to your listing agent, attorney, or the closing company, and they should clarify any uncertainties. For perspective, the median home price in the U.S.

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Opinion: Regulation of title fee rates is already rigorous

Housing Wire

State regulators capture annual revenue and expense data from title insurance agents and underwriters for the purpose of measuring the profitability, competitiveness and reasonableness of title rates and charges. Consumer shopping and education is vital. Their customers are considered their neighbors and friends.

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Steps to Selling an Inherited Property in North Carolina

HomeLight

This is an emotional process, and there’s a lot going on,” says Renee Hillman , a top-rated Raleigh area real estate agent who has been helping families with inherited homes for more than 25 years. Hillman says a title search will help to reveal the status of the property.