Housing Wire

MARCH 1, 2021

Much of that is, from the Realtor’s or consumer’s perspective, the “dead time” between the excitement of getting approved for the loan and the additional excitement of getting the keys. It’s much more efficient to reach a loan officer and input an application into the pipeline than ever before. The wait seems tedious.

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HomeLight

NOVEMBER 1, 2021

Some liens (such as mortgage loans) are voluntary, while other liens (such as tax assessments) are considered involuntary, meaning the lien is placed on the property against the owner’s will. Title search: How to check for property liens. Inquire with your local records office for office hours and search fees.

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HomeLight

AUGUST 26, 2020

Some of the elements of closing on a home can be difficult to grasp, like the property title search. Property title problems account for about 9% of closing delays , according to the National Association of Realtors. A property title search is an easy way to avoid delays in your closing. What is the property title?

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Housing Wire

APRIL 18, 2022

The American Land Title Association (ALTA) and its members worked closely with the Consumer Financial Protection Bureau (CFPB) to help develop regulations for TRID, which went into effect in 2015. Under TRID, all fees charged by title and settlement companies must be disclosed to the consumer on both the Loan Estimate and Closing Disclosure.

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Housing Wire

OCTOBER 29, 2021

This scalability includes our industry-leading signing agent panel. With EXOS CD, “stare and compare” manual processes in the loan closing lifecycle have been automated, reducing the time and effort required for data preparation and ultimately, reducing cycle times and improving quality.

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Housing Wire

SEPTEMBER 1, 2022

However, while the title space has made tremendous strides in recent years, there is still a tremendous amount of “button mashing” being done. Typically, a title agency may receive a new order through any number of different channels. Most of it is happening “between” technologies and systems. A buyer or seller might phone it in.

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Housing Wire

DECEMBER 26, 2022

Many in the title insurance industry reported record years in 2021, but while experts were predicting things to slow down in 2022, the suddenness at which the market cooled was unexpected, or as Jodi Ketchersid, a Destin, Florida-based Corcoran Group agent said: “It was like, ‘Holy cow! What happened to the market?’”.

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HomeLight

FEBRUARY 20, 2025

Youve just found your dream home and are finalizing your offer when your real estate agent calls with concerning news. Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want.

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HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. We include advice from an agent who has worked with hundreds of new buyers, descriptions of different loans, and information about the many kinds of paperwork you’ll deal with.

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Redfin

JANUARY 28, 2025

Assumable mortgages offer a unique alternative, allowing buyers to take over the sellers existing loan – potentially locking in a lower interest rate and saving money over time. From evaluating the loan terms to understanding the hidden costs, assuming a mortgage isn’t a decision to take lightly.

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HomeLight

JULY 31, 2022

One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. You’ve decided it’s time to buy a house ! Find a lender you can trust. Find a home.

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RIS Media

APRIL 8, 2022

Real Estate appraisals are usually completed when homes are bought via mortgage loans. The title search reveals issues. Whenever you’re purchasing real estate, a title search is one of the standard boxes that must be checked. The title needs to be clean. Low appraisal.

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Realtor.com

SEPTEMBER 4, 2020

Here’s more about how a title company works, why a title search is required for a mortgage, and more that home buyers should know. Why a title search is required with a mortgage. The average cost of title insurance is about $1,000 per policy.

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HomeLight

JANUARY 17, 2024

A Top Agent Can Find the Right Deal For You HomeLight can connect you with a top-performing, trusted agent who has the experience to find you the right house at the right price. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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HomeLight

JULY 31, 2020

In the February 2020 Realtors Confidence Index survey by the National Association of Realtors, 77% of real estate agents responded that contracts closed on time, and 19% reported delays but eventually closed; 4% of contracts were terminated. Loan approval. Image Source: (Shutterstock.com/Chokniti Khongchum). Dodge move.

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HomeLight

JULY 11, 2024

You need to know the outstanding balance, monthly payments, interest rate, and other existing loan terms. A title search will help determine what you need to address, and your next steps.

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HomeLight

AUGUST 20, 2021

To help you estimate your closing costs in the Constitution State, we created this comprehensive guide with help from a top Connecticut real estate agent. Loan reconveyance fee. In other words, a loan reconveyance fee is what you pay to have the mortgage company remove their lien on your home. Agent commissions.

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Realty Biz

FEBRUARY 19, 2024

Being a real estate agent for the last thirty-eight years, I have had numerous experiences selling land. Next, we'll explore financing options and the specifics of land loans, a critical step in acquiring land. The real estate attorney you are using should conduct a title search to ensure no liens against the property.

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Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. You have a specified time period, as stated in the sales contract, during which you have to obtain a loan that will cover the mortgage.

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HomeLight

DECEMBER 23, 2021

Essentially, title and deed are both related to the important question of who truly owns a particular piece of real estate and has the rights to it. Let’s take a deeper look at what a house title is; the different types of deeds used in real estate; and related terms including chain of title, title search, title insurance, and title abstract.

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Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates. What is a USDA loan? Types of USDA loans.

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Loans Mortgages FHA loan Debt-to-income ratio 95

Redfin

FEBRUARY 20, 2025

On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. They cover everything from real estate agent commissions to title insurance, escrow fees, and transfer taxes. These expenses add up quickly and vary widely by location.

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HomeLight

OCTOBER 30, 2020

All-cash offers are beloved by sellers and real estate agents alike — and they’re more than three times as likely to be chosen from the pack. We talked to two top real estate agents to walk us through what can hold up even an all-cash deal. Maybe you aren’t using a loan, but you can still run into cash flow issues. Not always!

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HomeLight

NOVEMBER 15, 2024

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.

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Realtor.com

JANUARY 14, 2021

Holding a title insurance policy means you and your mortgage lender are protected against any financial loss or title issues due to liens, disputes between prior owners over wills, clerical problems in courthouse documents, or fraudulent claims against the property or forged signatures. Why a title search is required with a mortgage.

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HomeLight

MARCH 9, 2022

This step is commonly referred to as a title search , title review, or property history search — but by any name, it involves delving into the formal records of a home and the property on which it sits. A title search is very important. Real Estate Agent. Real Estate Agent at @properties.

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HomeLight

JANUARY 3, 2022

Whether you should use an iBuyer (instant buyer) vs. real estate agent to sell your home is a hot debate in some real estate circles. iBuyer vs. real estate agent summary. The main trade-off is that the offer could be less than what you’d get listing the home with an agent, and you’ll pay a fee for the iBuyer’s services.

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HomeLight

MARCH 31, 2021

For a deep dive on Georgia closing costs, we partnered with top Brunswick listing agent Valerie Burnett , who sells 45% more homes than the average local agent. Commission: $20,300 for the listing agent and buyer’s agent’s commission. Loan payoff amount. Loan reconveyance fee. Title search fee.

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Realty Biz

OCTOBER 12, 2021

Although the immediate attention of any buyer goes towards the financial aspects, like loans and credit history, it is instrumental to thoroughly understand how to verify the history of the house you intend to buy. Real Estate agents refer to this as the due diligence period in real estate. Where Does The Property History Search Start?

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HomeLight

NOVEMBER 9, 2021

To prepare you for what fees you’re obligated to cover, we did the research and spoke to a top New York agent about what to expect to pay for at closing. It’s a good idea to check with your real estate agent, but be prepared because New York sellers are almost always responsible for these. Loan reconveyance fee .

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RIS Media

SEPTEMBER 21, 2020

Closing : A meeting during which ownership of a home is transferred from seller to buyer, usually attended by the buyer, the seller, both real estate agents and the lender. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. Mortgage interest rate : The price of borrowing money.

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HomeLight

MARCH 2, 2023

If you’re shopping for a home in San Diego, a trusted buyer’s agent is a key member of your team. HomeLight analyzes millions of transactions and thousands of reviews to find you a proven, top-performing agent in just under two minutes. Find a Buyer's Agent What will it cost to buy a home in San Diego?

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RIS Media

OCTOBER 2, 2020

A title search can reveal a variety of issues that may create financial or legal problems. A lender won’t loan you more than the appraised value of a home. Even if you were pre-approved when you started house hunting, your circumstances may have changed since then and you may no longer qualify for the same amount and loan terms.

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HomeLight

MAY 24, 2022

Byron Ford , an agent in New Bedford , Massachusetts, works with 76% more single-family homes than other agents in his area. But just how long does it take to close on a house with cash, compared to a traditional loan? The bulk of the time, however, is consumed by loan underwriting and processing. Real Estate Agent.

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HomeLight

SEPTEMBER 1, 2022

With the help of top agent David Landau , who works with 68% more single-family homes than the average agent in Newtown, Connecticut , we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Constitution State. Steps to buying a home in Connecticut. Assess your readiness.

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Real Trends

MARCH 9, 2022

While title insurance may be less understood by homebuyers, who may see it as just another fee involved in the closing process, it’s important for them to understand the many benefits title insurance provides and the dangers that can be incurred without it. Why title insurance? Low loss rates are good for consumers.

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HomeLight

JUNE 18, 2021

During the excitement of searching for a home and getting preapproved for a loan , closing costs may get overlooked. Closing costs are typically between 2% and 5% of the loan amount but can vary significantly based on location. Closing costs can be broken up into three main categories: loan costs, title costs, and other costs.

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