HomeLight

FEBRUARY 29, 2024

Financial distress: Facing financial hurdles such as foreclosure , bankruptcy, or overwhelming debt may require selling your house quickly to alleviate financial burdens. Once you agree on an offer, you’ll be able to close quickly and avoid the delays often caused by mortgage approvals or inspections.

Sales 111

Sales Bankruptcy Inspection Closing 111

HomeLight

FEBRUARY 21, 2024

Financial strain: When facing tight finances due to medical bills, bankruptcy, or foreclosure , a fast home sale can alleviate the burden. With no need for mortgage approvals or inspections, the closing process is quick and easy. Once your home’s condition and local market value are assessed, the cash buyer extends an offer.

Bankruptcy 108

Bankruptcy Finance Investor Inspection 108

Realty Biz

JUNE 13, 2022

Bob wasn’t going through a divorce, instead, he had filed for bankruptcy the week before. His bankruptcy attorney took the position that he was legally not required to pay rent while his case was in bankruptcy court. Landlords also have a right to a “move-out” inspection. What would you like to say on behalf of landlords?

Bankruptcy 78

Bankruptcy Inspection As-is Residential 78

HomeLight

MARCH 31, 2022

The buyer can still request repairs: Even if the home is listed “as is,” the buyer can still order an inspection after making an offer and request repairs to areas of concern that come up on the inspection. The potential buyer still has the right to ask for a home inspection even if you state you’d like to sell “as is.”

As-is 122

As-is Inspection Investor Short sale 122

HomeLight

OCTOBER 1, 2020

Bankruptcy documents. Order a home inspection and appraisal. The next task on the list is to get a home inspection and a home appraisal. During a home inspection, a third-party, licensed home inspector will come to the house and will look at every aspect of the house. Last two months of brokerage account statements.

Closing 97

Closing Purchase and sale agreement Inspection Loans 97

HomeLight

FEBRUARY 23, 2024

Here are a few reasons why you might find yourself in a need-to-sell situation: Tight finances: Selling fast can alleviate the stress of financial burdens such as medical bills, bankruptcy, or looming foreclosure. Without the need for mortgage approvals or time-consuming inspections, the sale can move forward smoothly and quickly.

Bankruptcy 111

Bankruptcy Sales Inspection Equity 111

HomeLight

JULY 7, 2023

Step 1: Request Offer Why you might need to sell your Washington house fast There are numerous life circumstances that might necessitate a swift home sale in Washington: Financial pressure: A rapid house sale can provide relief from burdensome medical bills, looming bankruptcy, or mounting credit card debt.

Bankruptcy 102

Bankruptcy Sales Inspection Closing 102

HomeLight

JANUARY 13, 2022

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. He says that he’s seen primary offers fall through due to home inspections and appraisal issues when buyers and sellers cannot come to an agreement on new terms and conditions. Inspection contingencies. Appraisal contingencies.

Backup offer 97

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 97

HomeLight

MARCH 16, 2023

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. But there is generally no due diligence period for a cash buyer.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

FEBRUARY 1, 2022

Get a home inspection to find out more about what affects your value. They will typically order a home inspection soon after an offer has been submitted. “If If there’s one piece of advice I would give everybody all the time, it’s get a home inspection. Legal disputes – assessing the value for a bankruptcy or divorce.

Marketing 116

Marketing Inspection Agents As-is 116

HomeLight

JULY 18, 2023

Request Offer Why you might need to sell your Sarasota house fast Here are some common reasons why you might need to sell your Sarasota house fast: Tight financial situation: Selling your house fast can provide relief from overwhelming medical bills, bankruptcy, or escalating credit card debt.

Bankruptcy 96

Bankruptcy Inspection Sales Closing 96

HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Repairs identified in the inspection. The home inspection is one of the most important steps in the purchase process and one of the strongest variables that can affect closing.

Closing 119

Closing Purchase and sale agreement Title search Earnest money deposit 119

HomeLight

NOVEMBER 9, 2021

Most buyers get an inspection, which may initiate repairs or re-negotiations. A buyer using a mortgage will most likely include the following contingencies (all of which have deadlines): Inspection contingency (note: this one is optional and buyers can choose to waive it). The Inspection and negotiations can take up to 18 days.

Purchase and sale agreement 105

Purchase and sale agreement Home sale contingency Title search Inspection 105

The Close

JULY 23, 2022

Offer to provide value by offering discounted broker price opinions (BPO) and property drive-by or walk-through inspection. Work With Bankruptcy, Divorce & Probate Attorneys. Getting Listings From Bankruptcy. But if you build a trusting relationship with a bankruptcy attorney, it can be a consistent source of business.

Bankruptcy 111

Bankruptcy Purchase and sale agreement MLS Investor 111

HomeLight

JULY 18, 2023

Once you accept, you’ll be able to finalize the deal quickly, as there’s no waiting for mortgage approvals or home inspections. Going through a divorce: If you’re navigating the complex process of divorce, selling your home promptly can help both parties move forward and start fresh.

Bankruptcy 98

Bankruptcy Sales Inspection Closing 98

HomeLight

JULY 7, 2023

Once accepted, you can close the deal quickly since there are no mortgage approvals or inspections to wait for. Life changes: If you are going through a major life change, such as a divorce or retirement , selling your house fast can help you move on to the next chapter of your life.

Pre-approval 97

Pre-approval Bankruptcy Sales Inspection 97

HomeLight

JULY 31, 2021

Inspection period. Jackson says there’s a decent chance a cash buyer will still include an inspection contingency in the contract — especially if they are offering closer to market value. Pay attention to the number of days allotted for the cash buyer to complete their inspection. Step 6: Pass the inspection.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Title 98

Redfin

MARCH 14, 2022

Buyers will need to decide if they’re comfortable with any significant issues disclosed and get a professional inspection to assess what it takes to handle the problem. As a buyer, it’s important to carefully review the seller’s disclosure packets with a real estate agent and during the home inspection. .

Purchase and sale agreement 69

Purchase and sale agreement Seller disclosure Due diligence Inspection 69

HomeLight

JUNE 30, 2021

Contingencies are certain conditions that must be met before the closing date and typically relate to financing, inspections, appraisals, and home sale. Inspection contingency. A professional home inspection gives the buyer the opportunity to uncover any potential problems with the house before purchasing. Financing contingency.

Purchase and sale agreement 98

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 98

McKissock

AUGUST 30, 2022

Of course, for most residential mortgage lending assignments, appraisers are not permitted to accept payment from the borrower at the time of inspection. But for non-lending assignments , such as divorces, estates, and bankruptcies, you are still permitted to collect your fee at the time of the inspection.

Lending 81

Lending Bankruptcy Inspection Mortgages 81

HomeLight

OCTOBER 29, 2020

Contingencies can range from the relatively minor or otherwise workable — like requesting a $3,000 allowance to fix a plumbing issue that was revealed during inspection — to more serious stipulations, such as a buyer needing to sell their existing house before closing on the next. Home inspections. Negotiable contingencies.

Purchase and sale agreement 81

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

HomeLight

MAY 23, 2022

If the property is the subject of any lawsuits, foreclosures, bankruptcy, leases or rental agreements, judgments, tax liens, proposed assessments, or other liens or notices that could affect title to the property. Consider a pre-listing inspection. Schaus does warn that there can be a downside to these pre-inspections, as well.

As-is 112

As-is Purchase and sale agreement VA loan Inspection 112

The Close

AUGUST 19, 2024

NAR Members at Annual Convention (Source: CNN ) When further diving into the difference between realtor and real estate agent, let’s take a closer look at NAR.

Agents 98

Agents Title Brokerage Bankruptcy 98

HomeLight

JUNE 30, 2022

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Get a property inspection. It’s always recommended to get a home inspection. Don’t fear negotiating with the seller post inspections. Shop around for homeowners insurance. Be mindful of your privacy and security.

Purchase and sale agreement 96

Purchase and sale agreement Inspection Earnest money deposit Closing costs 96

The Close

SEPTEMBER 24, 2024

Regular inspections and establishing communication with neighbors can prevent such real estate scams. Expert advice: Investors should use tools like Forewarn to verify the identity and financial details of potential tenants and buyers, including bankruptcies and foreclosures. Ask neighbors to report any odd behavior to you.

Due diligence 98

Due diligence Investor Title Inspection 98

HomeLight

JULY 29, 2022

So get a contract, then call for a home inspection, and then call the insurance company — those are the calls that you make before you do anything else.”. There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says.

Closing 105

Closing Purchase and sale agreement Title Home sale contingency 105

HomeLight

OCTOBER 22, 2021

Any home inspections can be done at this point. However, they’ll be for informational purposes only, as the sale is almost always as-is , and the buyer can’t back out for inspection-related reasons. “On In this market, we have got to look at probate, look at bankruptcy,” Moskowitz says. “We Source: (Murray Campbell / Unsplash).

Probate sale 111

Probate sale Sales MLS Inspection 111

Kyle Handy

JANUARY 20, 2023

Others know that their property isn’t going to pass a house inspection. You can target advertising on Google or Facebook to people interested in bankruptcy or foreclosure. This also includes people who may be considering bankruptcy or have just inherited a house they need to sell. One thing: Look out for scams.

House Flipping 89

House Flipping Bankruptcy Renovation Investor 89

HomeLight

JUNE 19, 2023

Step 1: Request Offer Why you might need to sell your Florida house fast If you’re facing any of these life challenges, a fast home sale may be the solution you need: Tight financial situation: Selling your house fast can bring relief from overwhelming medical bills, bankruptcy, or escalating credit card debt. Everything is negotiable.

Inspection 96

Inspection Staging Short sale Agents 96

HomeLight

JULY 12, 2022

If your family or property has become locally famous or infamous or even if you’re going through a bankruptcy or divorce , selling to an online quote company assures only real estate professionals enter the property and keeps curious onlookers out. Step 6: Be prepared for a possible onsite assessment or inspection.

Purchase and sale agreement 109

Purchase and sale agreement Investor Equity Sales 109

HomeLight

AUGUST 16, 2021

It could be an IRS lien, an HOA lien, taxes, probate, divorce, bankruptcy, pre-foreclosure. So you have to do your due diligence and make sure that you are inspecting the property, that you really know what the history looks like. However, it’s an as-is contract with right to inspect usually, unless you waive that.

Marketing 76

Marketing Short sale Bankruptcy Banks 76

Redfin

SEPTEMBER 9, 2024

A credit check shows a variety of things, including on-time payments, late payments, residence history, credit score, and any prior evictions and bankruptcies. After you and your tenant have signed the lease, you’ll want to schedule a move-in date and rental walkthrough inspection. Congratulations, you’ve found a renter.

Pre-qualification 71

Pre-qualification Property Management Bankruptcy Inspection 71

HomeLight

AUGUST 10, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. The company states that they regularly provide solutions for sellers in a pending foreclosure or facing bankruptcy and will buy houses in any condition, even requiring complete renovations. Sale timeline.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Inspection 97

Redfin

MARCH 3, 2022

From appraisal issues to home inspection roadblocks, there’s a lot that can go awry before finally closing on your property. For example, a termite inspection could show that there is damage that’ll require major repairs or the appraisal value of the home comes in lower than the price you offered on the home. ” 5.

Closing 63

Closing Title search Purchase and sale agreement Title 63

Real Estate Finance HQ

AUGUST 25, 2017

Home Inspection Guidelines. Bankruptcy: You can qualify for FHA loans one year after Chapter 13 bankruptcy, two years after Chapter 7 and three years after a foreclosure, provided you’ve had no negative credit events since. Home Inspection Guidelines. Some common areas of emphasis for an inspection: Lead-based paint.

FHA loan 40

FHA loan Debt-to-income ratio Inspection Loans 40

Redfin

MARCH 3, 2021

The lender wants proof that the amount of the loan does not exceed the value of the home, or they end up taking on more risk in the event you default on your loan and go into bankruptcy. Simply put, during the home appraisal process the appraiser comes to the home and makes a thorough inspection of the property, inside and out.

Bankruptcy 73

Bankruptcy Land Loans Sales 73

HomeLight

APRIL 14, 2023

Although most of Pringle’s clients are banks, she also conducts appraisals for any individuals who need a home’s value for legal reasons, such as people going through a divorce, filing for bankruptcy, or settling an estate. How much does a home appraisal cost in Florida? How long does a home appraisal take?

New Construction 105

New Construction Agents Construction FHA loan 105