HomeLight

NOVEMBER 1, 2021

Open liens could affect your home sale because a new owner would become responsible for the property debt if you transfer title without clearing the lien. Title search: How to check for property liens. This often unexpected discovery could throw a wrench into your home sale. Source: (Surface / Unsplash).

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Housing Wire

APRIL 6, 2021

But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and real estate agents said. How hybrid title and valuations help increase lending efficiency. Streamline by combining services.

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Housing Wire

DECEMBER 16, 2024

The layoffs appear to be part of a broader workforce reduction focused on staff working with independent agents, including sales, audit and support roles, the sources added. The cash sale officially closed in late September. This deal was soon followed by the sales of Domas title operations in Texas to Capital Title of Texas, LLC.,

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Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies. The bill is being considered in several states nationwide.

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Housing Wire

OCTOBER 29, 2020

We offer a span of comprehensive product options throughout the entire loan lifecycle and help manage loans from start to finish, including title searches, processing, underwriting, closing and disposing of them and even take them into the post-closing and servicing process. Security is a major priority for us too.

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Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value.

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Housing Wire

JULY 28, 2022

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? Identifies Any Title Problems : Searches the property’s chain of title to identify any potential problems that may slow down the sale of the property.

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Housing Wire

NOVEMBER 22, 2023

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” in question.

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Housing Wire

DECEMBER 27, 2023

“I always joke that we work in an industry that literally researches the past, and because of that, sometimes, I feel like our marketing, sales, and technology live there too,” Sam Trimble, vice president of strategic growth and development at Fidelity National Financial , said. It really is limitless.”

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Housing Wire

MARCH 1, 2021

But, to date, most of the streamlining has happened at the point of marketing and sales. In 2019, The MBA estimated that for depositories, 46% of retail origination costs were used to cover sales functions. It makes perfect sense, then, that the first priority for streamlining and improved efficiency would be sales.

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Housing Wire

FEBRUARY 10, 2022

It is no secret that 2021 posed a variety of challenges for the title insurance industry. Contributing to this increase in revenue was a 28% year-over-year decrease in title loss expense to $13.1 million, which the company attributed to favorable claims experience which was partially offset by higher title revenues.

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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. Increasingly, manual processes in title workflows are being eliminated with customized bots and AI. The first example is a well-known headache for title firms.

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Housing Wire

APRIL 10, 2023

In December, HousingWire spoke to Flueid about the concept of instant title and why it is a misnomer for mortgage lenders. HousingWire: HousingWire recently spoke to Flueid about the concept of instant title and why it’s a misnomer for mortgage lenders.

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Housing Wire

OCTOBER 29, 2021

HW: How has the title process evolved as a result of these conditions? We’ve invested hundreds of millions of dollars in leading-edge title technology – and our teams of top data scientists, inventors and engineers ensure our processes are as automated as possible. HW: What are some misconceptions about instant title?

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Housing Wire

AUGUST 30, 2021

Title is the key to unlocking the transaction slowdown. While much innovation has been focused on the upstream, consumer-facing processes, one of the industry’s largest transactional quagmires – title – remains largely untouched. Technology harnesses desperation to fuel the change that drives the consumer experience.

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RIS Media

APRIL 14, 2022

Before buying your house, a buyer will have a title search conducted to check for any liens against the property. If a title search finds a lien related to a bill that you have already paid, contact the company or government agency and provide proof of payment so you can have the lien removed. Handle the Lien at Closing.

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HomeLight

JULY 26, 2024

A title company wears a lot of hats over the course of a home sale. Oftentimes, the title company involved must undertake extraordinary work to address title issues that can go back 50 years or more. So, let’s break down each responsibility in plain terms, including how title companies will:

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HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Since Alabama’s average sale price sits around $228,283 , sellers pay $13,697 to $22,828 in closing costs on average.

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HomeLight

MAY 28, 2021

You’ll be on the hook for the entirety of those repairs, and you can’t expect any financial help from the seller if you pursue the sale. You think it’s almost too good to be true when you see one crucial caveat: It’s selling “as-is.” Red flags pop immediately into your head; you assume that can only be a nightmare. What does sold as-is mean?

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RIS Media

APRIL 8, 2022

Here’s all you should know about contingent sales as a potential home buyer. An active listing means the home in question is currently on sale, and sellers are actively open to offers. If the house doesn’t get sold in the stipulated time, the sale can fail to materialize. The clause is referred to as a home sale contingency. .

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Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

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RIS Media

JANUARY 18, 2022

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. What Is a Pending Sale? The post What’s the Difference Between a House Under Contract and a Pending Sale?

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HomeLight

DECEMBER 23, 2021

Perhaps the biggest myth is that the title to a home is an actual document stored in a drawer somewhere. So here’s a brief overview to keep the meanings straight when you buy or sell a home: Title is an abstract concept describing someone’s right to legal ownership and use of a property, including the right to sell it. Find Agent.

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HomeLight

JULY 11, 2024

If you’re selling an inherited house in Florida, you may be balancing the titling scales of emotions, money, and time. You’re likely eager to get sales agreements signed and move things forward as quickly as possible. Rather than list the traditional way, request a no-obligation cash offer from HomeLight’s Simple Sale platform.

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HomeLight

APRIL 18, 2024

But if the word easement comes up in a title search when buying or selling a house, questions can arise. Will an easement impact your home sale or purchase? Easement dispute, easement decision, easement access — these phrases are heard more often in the news than in our homes. What is an easement in real estate?

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HomeLight

AUGUST 20, 2021

The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. For example, a seller’s closing costs for a median sale price of $280,000 would range between $16,800 to $28,000, depending on various sale factors. Some closing costs apply to nearly every home sale. Mortgage payoff.

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HomeLight

OCTOBER 31, 2024

On average, sellers pay between 2% and 5% of a home’s sale price in closing costs. This document provides a detailed breakdown of all your closing costs, showing how much will go to your mortgage lender, as well as the amount you’ll receive from the sale, either through a bank transfer or check.

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Realtor.com

DECEMBER 5, 2022

Before a property sale can go through, a title company is brought in to find out whether or not a seller has the legal right to sell the property. To do that, the title company searches public records for liens on the property, meaning anyone who has a claim to a portion of the money should the property be sold.

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HomeLight

DECEMBER 19, 2023

You might not know where to begin if you’ve never searched public records. Here’s how to search property records and navigate the online and offline documentation — including what you might want to investigate. A house can hold a lot of history. Find Agent What can you learn from property records?

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HomeLight

AUGUST 16, 2021

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? A short sale is anything but short,” cautions Sanders.

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HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. This Pacific Coast city combines the urban vibes of art and culture alongside fun physical activities like surfing or boating. Looking to Buy Your Dream Home in San Diego?

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HomeLight

JULY 11, 2024

Before planning your next steps, you’ll want to factor in your closing costs to determine how much money you’ll actually pocket when the sale is completed. Michigan sellers usually pay closing costs ranging from 6% to 10% of the home’s sale price. These costs include title searches, title insurance, and transfer taxes.

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HomeLight

JANUARY 17, 2024

In the realm of real estate, “backing out” refers to the decision a buyer makes to withdraw from a home purchase after the offer has been accepted but before the sale is finalized. Buying a house is a major milestone, but what happens when you have second thoughts, or you can’t fulfill the agreement you signed?

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HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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HomeLight

MAY 24, 2022

A cash sale: Start to finish. Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. With a cash sale, you can skip a few steps in the typical closing process.

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HomeLight

AUGUST 24, 2022

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? HomeLight’s Simple Sale platform provides all-cash offers, giving clients a fast, stress-free home selling experience without having to worry about additional repairs or prep work and with no additional fees, commissions, or upfront costs.

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Realty Biz

FEBRUARY 19, 2024

Understanding how big an acre is will be a good start for what you need for land. Being a real estate agent for the last thirty-eight years, I have had numerous experiences selling land. I have sold small building lots to large parcels of land. I have helped developers build and sell entire subdivisions from the ground up.

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