Remove Debt-to-income ratio Remove Due diligence Remove Short sale
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25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

This can radically alter their debt-to-income ratio and jeopardize the whole deal. 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. We do all the due diligence upfront,” he says.

Closing 105
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Debt-to-income ratio (DTI). You can help your clients calculate their DTI by adding together all of their monthly payments and dividing the total by their gross monthly income. Loans with less than 20% down often require buyers to pay private mortgage insurance until they reach a certain equity ratio. Short sale.