Remove Bankruptcy Remove Due diligence Remove Title
article thumbnail

Opinion: Title insurance is vital to protecting the American dream

Housing Wire

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Title 518
article thumbnail

How Does a Title Search Work

Realty Biz

When you’re buying a home, you’ll need a title search so that you can get title insurance. Title searches can also reassure buyers, making sure there is a smaller chance of problems with the title later on. We will take a look at the things you need to know about a title search and how it works.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

House Deed vs Title: How to Keep Their Meanings Straight

HomeLight

House deed vs. title: what’s the difference between the two? Perhaps the biggest myth is that the title to a home is an actual document stored in a drawer somewhere. 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. Find Agent.

Title 111
article thumbnail

How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

HomeLight

Everyone involved will need time to perform their due diligence. 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. Secure title and escrow services: 1 day.

article thumbnail

Rental Fraud: 15 Common Scams & How You Can Avoid Them

The Close

Always cross-check with public records and title companies to verify ownership before moving forward with any deal. Expert advice: Investors should use tools like Forewarn to verify the identity and financial details of potential tenants and buyers, including bankruptcies and foreclosures.

article thumbnail

Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

Investors offer alternatives to foreclosure and bankruptcy About 60% of sellers who contact Ramcharitar are behind on their mortgage payments. While some homeowners opt for foreclosure in a distressed situation, others decide to declare bankruptcy. Both parties sign a contract and submit it to a title company.

Sales 93
article thumbnail

25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Don’t worry: You will be refunded any extra.

Closing 105