Housing Wire

APRIL 11, 2023

Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. They also help to prevent fraud and ensure that the sale is conducted legally and ethically. Another benefit of title and escrow is that they streamline the real estate transaction process.

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Housing Wire

MARCH 31, 2021

That said, many companies still rely on legacy systems and manual processes to procure, search, and examine title. This slows the search and underwriting processes, makes them more prone to errors and delays closings at the expense of the homebuyer. Jim Portner, Vice President Product and Strategy.

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Housing Wire

MARCH 2, 2021

Add the fact that lenders are not only dealing with a remote workforce these days, which is an operational challenge in itself, they are also facing a major shortage of qualified appraisers, underwriters and other operational staff in certain markets, which could cause even longer closing delays. It’s easy to see why.

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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.

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Housing Wire

DECEMBER 5, 2022

Of the 421 respondents, 44% closed transactions in the South, 20% in the Midwest, 19% in the West, 15% in the Northeast and 1% in the U.S. Digital closings continue to evolve – What title companies need to know. They are selling, closing, searching, doing exams, and they are feeling overwhelmed and underappreciated.”.

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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. Every engagement is customized for each client.

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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. Also, a title insurance company will exclude coverage for any liens that cloud, or negatively affect, the property’s title. Source: (Surface / Unsplash).

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Housing Wire

APRIL 6, 2021

Linda had a sizable downpayment but still needed to find a way to close the appraisal gap. 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.

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Housing Wire

MARCH 26, 2021

“The organic growth that Proper Title has been able to achieve in one of the most competitive markets in the country is proof that this company does it differently and better, and this is what attracted me to this opportunity,” Hoffman said. How hybrid title and valuations help increase lending efficiency.

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Housing Wire

APRIL 10, 2023

Peter Richter: The concept of “instant title” means delivering a title commitment “instantly” upon ordering title insurance. Unfortunately, that “instant” title commitment itself does not inherently equate to a faster close, as my colleague Matt Regan outlined in his recent article.

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Housing Wire

OCTOBER 29, 2021

Today, borrowers expect to close fast. A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. HousingWire: How did the title business adapt to unique conditions caused by the pandemic, the growth of the remote workforce and low interest rates?

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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

AUGUST 30, 2021

Not to mention chaos as many buyers who purchased after April 2020 experienced COVID-related delays in closings thanks to office closures, supply issues and more. So, it makes sense that resolving these points could significantly cut down the time to close. We’ve done that with Flueid Decision.

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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.

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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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Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?

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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 lien is found, that can delay closing or cause a deal to fall through completely. Take Care of the Lien Before Closing. Handle the Lien at Closing. A lien on your property can complicate closing.

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Housing Wire

FEBRUARY 10, 2022

million, due to increased service expenses tied to higher ancillary services revenues, higher outside title search and premium tax expenses on improved title revenues, state sales tax assessments and office consolidation costs. compared to 17.9%

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HomeLight

JULY 11, 2024

Disclaimer: This article provides estimates of a seller’s closing costs that are meant for educational and research purposes only; our calculations are not a guarantee. 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.

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HomeLight

JANUARY 31, 2025

When youre preparing to sell or buy a home, the phrase closing costs will be spoken (and written) on both sides of the transaction table. These numbers impact your financial standing either cutting into your sale proceeds or increasing your monthly mortgage payments. But what are closing costs? Who pays closing costs?

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Housing Wire

FEBRUARY 21, 2025

Total revenue for the title segment reached $2 billion in the fourth quarter and $7.7 The National Association of Realtors recently reported that home sales in 2024 were at the lowest level since 1995 due to high mortgage rates and a housing shortage, FNF CEO Mike Nolan said during the companys earnings call on Friday.

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HomeLight

AUGUST 20, 2021

If you’re selling a home in Connecticut, you should familiarize yourself with closing costs that sellers pay to finalize the transaction. The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. Some closing costs apply to nearly every home sale. Mortgage payoff. Property taxes.

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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

JULY 31, 2020

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” How it can delay closing. Easy, right? Yeah, not so much.

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Realtor.com

OCTOBER 29, 2020

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. If something is wrong, you can request that it be fixed—or you can back out of the sale.

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HomeLight

MARCH 31, 2021

Whether you’re selling a modern condo in Atlanta’s Midtown or a century-old property in Savannah’s Historic District, you need to know the closing costs sellers are responsible for in Georgia. The Georgia Association of Realtors reports that closing costs in Georgia typically range 5% to 10% of the home’s sale price.

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HomeLight

MARCH 2, 2023

People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs. 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.

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HomeLight

NOVEMBER 10, 2021

When you sell your house without the help of a real estate agent, you’ll save money on commission fees but won’t escape closing costs entirely. The same closing fees that apply to an agent-assisted sale will be charged to a FSBO seller, with the exception of the agent commission. Seller FSBO closing costs.

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HomeLight

OCTOBER 30, 2020

But is the cash closing process always seamless? A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. With a mortgage, there are all kinds of things that can go wrong to delay closing — financing issues and appraisals coming in low are two of the most common.

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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

NOVEMBER 9, 2021

The sales price of your home may appear to offer a good profit margin, but before you start putting those expensive items from your wishlist into your shopping cart, first you must subtract all the closing costs New York homeowners have to pay. Sorry, New York sellers, but you are responsible for quite a few closing costs.

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HomeLight

MAY 24, 2022

Sellers tend to prefer all-cash offers because those deals close more quickly. Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. But just how long does it take to close on a house with cash, compared to a traditional loan?

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HomeLight

MARCH 6, 2023

The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Loans are between 3%-3.5%

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HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in New Jersey (NJ)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. But have you taken all possible closing costs into account? What are closing costs?

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HomeLight

NOVEMBER 9, 2021

Closing costs are assumed to be part of doing business in real estate, but do cash buyers pay closing costs? Yes, you can expect charges for attorney hours, taxes, plus title and recording fees to still apply, though the use of cash can greatly reduce a buyer’s closing costs with the elimination of mortgage fees.

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HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs? Although the down payment is not part of your closing costs, it is typically due at the same time.

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HomeLight

JANUARY 29, 2021

If you’re selling For Sale By Owner, you’ll save on the listing agent’s commission. Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. Closing costs without a Realtor®.

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