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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HomeLight

SEPTEMBER 1, 2020

You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. If your offer is accepted, you start the process of inspections, title checks, and negotiations while securing a mortgage loan and signing the papers when it’s all said and done.

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HomeLight

OCTOBER 5, 2020

Before you bid, it’s a good idea to run a title search , which will give you an indication of any liens on the home. Constantine recommends you do your due diligence. One reason it’s so important to have a qualified, dependable real estate agent on your side is to help you with these due diligence tasks.

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HomeLight

JULY 31, 2021

Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. 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. Put a voice to a name.

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HomeLight

MAY 27, 2021

Step 9: Do your due diligence. Title search. A title search is a process to confirm the current owner has a clear title to the property and is thus eligible to sell it. A specialist will comb through documents related to the property to make sure there are no issues with the title. Hire an attorney.

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Marco Santarelli

AUGUST 16, 2024

Foreclosures and Short Sales Distressed properties often come at a discount: Foreclosures and short sales present opportunities to acquire properties below market value. Due diligence is paramount: Thorough inspections and title searches are essential to uncover potential liens or hidden issues.

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HomeLight

OCTOBER 29, 2020

Non-negotiable contingencies, on the other hand, can derail or significantly delay a sale. 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. Short sale or bank approval contingencies.

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HomeLight

SEPTEMBER 30, 2021

The property is then “bid upon by would-be buyers who have cash in hand and can purchase and take title to the property almost immediately, right on that day.”. If you buy a foreclosure, you’ll need to do your due diligence and understand the risks you’re taking. You’re buying as-is.

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HomeLight

AUGUST 16, 2021

Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Today, she has sold more than 4,000 homes total and around 2,500 of those have been foreclosures or short sales. I believe it’s gonna be a short sale market personally, until next year. Auction.com.

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HomeLight

AUGUST 24, 2022

The company prides itself on taking care of their clients from start to finish; the founder’s self-appointed title is “Customer Experience Enthusiast.”. The selling process at Cash Buyer New Jersey is straightforward, with the same slim due diligence and closing periods as other cash-offer businesses. Title search.

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HomeLight

APRIL 29, 2022

Most people let the buyers do their due diligence,” he says. He ensures he has all available relevant documents, such as the title report, disclosures, and any contingencies, and communicates with the buyers’ agents to get as many bids for the sellers as possible. More often than not, however, he typically doesn’t.

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The Close

DECEMBER 29, 2022

Chain of title. As clients get ready for closing, they’ll hear a lot about the title. 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.

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