Remove Due diligence Remove Loan Officer Remove Title search
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Count the Closing Costs: A Line-By-Line Guide to Closing Costs With A Mortgage

HomeLight

Processing the title for your home also brings with it certain fees. Title search. A title company will search for any liens or claims on the property. Their search ensures that the seller truly has the right to sell the home to you, and that when you purchase the home, the title will be yours, “free and clear.”

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

To avoid a closing delay or, even worse, the sale falling through, it’s essential to be upfront and honest with your loan officer. Give your loan officer full disclosure from the start – tell us everything. Any changes to employment status could force the lender to decline the loan even at this point.”.

Closing 63
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25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

If you can’t secure new employment swiftly, you might be able to add a cosigner to your loan and count that person’s income toward your purchase. Talk to your agent and loan officer about these options. That likely went right to your lender, so ask to get a copy from either them or directly from the title company.

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

The Close

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.