HomeLight

OCTOBER 30, 2020

Real estate contract contingencies are commonly associated with getting a mortgage, as lenders tend to do their due diligence on a property before they’ll put up the money for it. The title isn’t clear. However important title searches are, they can reveal issues that delay closing. Property survey.

Closing 116

Closing Inspection contingency Title search Purchase and sale agreement 116

HomeLight

DECEMBER 23, 2021

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. Title search. Improper title transfers due to past paperwork error. Title insurance.

Title 111

Title Title search Bankruptcy Due diligence 111

Redfin

JANUARY 28, 2025

When it comes to buying a home, most buyers are familiar with securing a brand-new mortgage. Assumable mortgages represent a unique opportunity in the right circumstances but require careful due diligence. These issues can be discovered during a title search, which is another essential step.

Loans 31

Loans Mortgages VA loan Purchase and sale agreement 31

HomeLight

AUGUST 31, 2021

Clear title: The cash buyer will require a title search to make sure that you can convey the property free and clear of any clouds or judgments against the property, such as mechanic’s liens, unpaid taxes, or boundary encroachments. Check their BBB rating. Cash buyers, on the other hand, are a lot more agile.

Proof of funds 144

Proof of funds Investor Due diligence Title 144

HomeLight

DECEMBER 31, 2020

However, a number of hiccups can prevent those contingencies from being lifted, including: Irresolvable issues that arise during due diligence. Brand new landscaping, resurfacing the pool, a carpet credit because they don’t like the current color — buyers come up with all sorts of crazy requests during the negotiation period.

Closing 105

Closing Backup offer Sales Inspection 105