HomeLight

MAY 24, 2022

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. Title search: 3 days. Unfortunately, not all title searches return a clear title.

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Purchase and sale agreement Closing Title search Title 111

HomeLight

JULY 31, 2020

Problems with the title. There are many issues that can arise from a title search on a home for sale — some small, some big — that must be addressed before the property can be legally transferred to the new owner. Minimizing clouds in a title search requires the seller to be proactive. How it can delay closing.

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Closing Purchase and sale agreement Title search Earnest money deposit 119

Realty Biz

JANUARY 20, 2023

Get a Title Search and Title Insurance Before the lender will approve your home loan application, they need to confirm who the current owner of the property is. A title search examines public records to determine the property owner. Title insurance reflects the condition of the title.

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Title search Debt-to-income ratio Title Loans 79

HomeLight

AUGUST 16, 2021

They will also consider your current and previous debts that resulted in foreclosures or bankruptcies. Bankruptcy paperwork. If you’ve filed for Chapter 7 or 11 bankruptcy, you’ll need to observe a three- to four-year waiting period before being eligible to secure a mortgage. Title documents. Bank statements.

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Loans Mortgages Bankruptcy Purchase and sale agreement 105

HomeLight

NOVEMBER 9, 2021

Clear title contingency (note: all home sales depend on this contingency). A title search can take up to 14 days. All home loans (and all legal home sales, for that matter) are dependent on a clear title. A title search can take anywhere from a few hours to 14 days. Appraisal contingency.

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Purchase and sale agreement Home sale contingency Title search Inspection 105

HomeLight

AUGUST 31, 2020

Tax liens are discoverable during a title search — even if the lien data isn’t an exact match. Tax liens will be discovered during a title examination. In Georgia, the liens can be found in the Georgia Property Records Search. They don’t have to talk to your real estate agent, or the title company.

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Bankruptcy Equity Title Closing 105

Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Most title companies and attorneys don’t accept personal checks over $500, sometimes less. Clouds on the title. So how can you avoid a delayed closing? “A How to remedy the situation.

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Closing Title search Purchase and sale agreement Title 63

HomeLight

JUNE 30, 2021

In some states, an attorney will oversee the closing of the sale instead of a title company; if you’re going it alone, regardless, it’s a good idea to think about hiring one. However, there are other contingencies that can’t be negotiated, such as those related to title and zoning. Title contingency. Financing contingency.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 98

HomeLight

JULY 29, 2022

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.

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Closing Purchase and sale agreement Title Home sale contingency 105

HomeLight

JANUARY 13, 2022

Title contingencies. A title is the legal right to own a property. A title search reveals who has owned the home in the past and in the present, and whether there are any recorded liens, claims, or judgments made against the home. Title contingencies cannot be waived. Source: (Melody Ayres-Griffiths / Unsplash).

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

HomeLight

OCTOBER 29, 2020

Title and lien contingencies. Review the detailed settlement document provided by the closing attorney and you’ll see a line item for a property title search. If a title search reveals any claims to or liens against the property, the transaction will be delayed until it can be resolved.

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

HomeLight

JULY 31, 2021

Step 7: Clear the title. Once you’ve accepted an offer and entered into a purchase contract, the buyer will turn the contract over to the title or escrow company. The next step is to “ clear title ,” a process that shows the house is free of any liens, judgments, or bankruptcies that would prevent the transfer of ownership.

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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. Both parties sign a contract and submit it to a title company.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

Realty Biz

AUGUST 20, 2023

When evaluating your pre-approval application, lenders consider previous delinquencies, bankruptcies, and foreclosures. Your loan approval will depend on property appraisal, title search, and final underwriting. This can significantly improve your chances of securing a favorable pre-approval with competitive terms.

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Pre-approval Debt-to-income ratio Mortgages Loans 94

HomeLight

AUGUST 10, 2022

With 15 years in the business, Diamond Equity Investments say they’ll buy houses being sold for any reason such as bankruptcy or foreclosure, in any condition — even fire damage — and that have baggage like large liens, title issues, or low equity. Title search. Cash-for-homes companies often handle title issues.

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Closing costs Purchase and sale agreement Closing Staging 97

HomeLight

AUGUST 10, 2022

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. They’ll also take care of any necessary inspections and title work. Title search. Cash-for-homes companies often handle title issues.

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Purchase and sale agreement Closing costs Closing Inspection 97

HomeLight

JULY 28, 2022

The owners, who have lived through a home fire and bankruptcy both, understand difficult situations and place their focus on people helped over properties turned. Title search. Cash-for-homes companies often handle title issues. Must clear title before you can sell home. Financing contingency.

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Closing costs Purchase and sale agreement Closing Staging 96

HomeLight

JANUARY 25, 2023

The company also highlights that they work to help people avoid common problems through their home sale, including foreclosures, credit issues, and bankruptcy. According to their website, they can provide cash and close on your home in two or three days. Reviews: Easy Homes 123 has been BBB accredited since 2012.

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Purchase and sale agreement Closing costs Closing Sales 97