Housing Wire

JUNE 8, 2023

Fannie Mae dropped a bomb on the title insurance industry in April 2022, when it adjusted its selling guide to allow the purchase of loans using attorney opinion letters (AOLs). Is this a big deal or not a big deal for those of use in the title industry and the real estate industry generally?”

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Title VA loan Title search Commercial 368

Housing Wire

AUGUST 30, 2021

Like every industry, the real estate profession grappled with doing business during the pandemic – not just for the sake of doing business, but for the unnerved consumers trying to navigate the home-buying process during an alarming present and an uncertain future. Refinances also saw a surge.

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Title Title search Technology Closing 397

Housing Wire

MARCH 27, 2023

The title insurance industry continued to pay out claims, many fraud-related, despite a severe recession. For a home valued at $250,000, the cost of an owner’s title insurance policy is approximately $1,250, depending on the state of residence. Diane Tomb is chief executive officer of the American Land Title Association.

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Title Title search Banks Land 321

RIS Media

APRIL 8, 2022

Finances falling through. Since most homes are financed, and financing isn’t guaranteed until a buyer has signed the dotted line, failure to secure funds can put a home back up for sale. While financing may be pre-approved, the process is complex. The title search reveals issues. These include; .

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Next, we'll explore financing options and the specifics of land loans, a critical step in acquiring land. Financing Hurdles Financing land can be tricky.

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Land Due diligence Title search Finance 128

HomeLight

OCTOBER 30, 2020

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. Financing issues. The title isn’t clear.

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Closing Inspection contingency Title search Purchase and sale agreement 116

RIS Media

SEPTEMBER 21, 2020

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying.

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Pre-approval Pre-qualification Title search Inspection 90

HomeLight

AUGUST 31, 2021

However, as those forbearances end toward the later part of 2021, foreclosures will likely become more readily available and may even hit the market in droves, says Florida real estate agent Christina Griffin , who has 20 years of experience in the industry. How do you finance a foreclosed property? Short sale.

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Pre-approval Short sale Banks Finance 111

Rent, Buy & Sell

JANUARY 20, 2023

Before You Buy: Be Honest About Your Finances The question isn’t really how low can prices go during a recession. Understanding how solid your finances are is just as important during a recession as finding a good deal on real estate. The housing industry plays an important role in the economy.

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Title search Short sale Title Fixed-rate mortgage 59

HomeLight

JUNE 19, 2023

Step 3: Get your financing in order Because you plan to make a cash offer , you’ll want to get a few documents in order. He has more than 22 years of experience in the industry. Step 8: Check over the title Just like with a house, liens can be placed on land for various reasons, such as outstanding taxes.

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Land Proof of funds Purchase and sale agreement Title 111

Realty Biz

JUNE 4, 2023

The biggest business industry, real estate, is going digital at a rapid pace. Common virtual data room uses across different industries include M&As, biotech licensing, initial public offerings, risk management, board communications, joint ventures, and real estate transactions. Here are some worth mentioning benefits.

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Due diligence Title search Investor Inspection 82

HomeLight

FEBRUARY 14, 2022

This includes perspective from Margaret Labus , a real estate agent in the Lake Geneva , Wisconsin, area, who has 18 years of industry experience. It’s not terribly common to rent-to-own because most of the people who are in the rental situation are those who, for whatever reason, can’t get financing the conventional way through a bank.

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Purchase and sale agreement Due diligence Finance Equity 109

Realty Biz

SEPTEMBER 14, 2023

Attorneys ensure that the loan documentation is executed correctly, review the terms and conditions of the mortgage, and confirm that the property's title is clear and suitable for collateral. Lawyers do this by performing a title search. Some attorneys charge a flat fee, while others bill hourly rates.

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Purchase and sale agreement Title search Title Due diligence 98

Realty Biz

AUGUST 20, 2023

By understanding the ins and outs of mortgage pre-approval, you will be better equipped to navigate the home-buying process and make informed decisions regarding your budget and financing options. Preparing Your Finances for Mortgage Pre-approval Preparing your finances is an essential step to getting pre-approved for a mortgage.

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Pre-approval Debt-to-income ratio Mortgages Loans 94

HomeLight

MARCH 31, 2022

Be aware that the costs may differ based on the type of financing originally used to purchase the home. Title insurance. Title search fee. Your listing agent may craft a seller’s net sheet with an Excel spreadsheet, a software package designed for the real estate industry, or even an online form or calculator.

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Closing Purchase and sale agreement Title Title search 105

HomeLight

NOVEMBER 21, 2024

Here are some typical fees you’ll pay during the refinance process: Application fee Appraisal fee Inspection fees Title search and insurance fees Possible attorney fees (required in some states) On average, closing costs range from 3%–6% of your total loan amount. We’ll cover breakeven points more in a minute.)

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Closing costs Equity Loans Title search 97

Real Trends

JULY 11, 2022

The most common of these include: Backing out and retrieving earnest money if an inspection reveals serious structural issues Basing their offer on the sale of their existing home Basing their offer on getting financing approved. Homeowner’s insurance is required for any properties that are financed. Homeowner’s insurance.

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Seller concession Closing costs Inspection Title search 85

HomeLight

OCTOBER 20, 2022

Preliminary title report. Doing a title search before you put your home on the market alerts you about any pending taxes, restrictions, or liens on the property that you’ll have to clear before selling. If the buyer is financing the purchase, they’ll typically want to conduct an inspection. Mandatory disclosures.

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Purchase and sale agreement Pre-approval Inspection Title 111

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. A 10-day closing translates as getting your home sold around five times faster than with a buyer who needs financing in today’s market.

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HomeLight

AUGUST 31, 2021

A settlement statement is an itemized list of fees and credits summarizing the finances of an entire real estate transaction. Yes, a settlement statement is the same as a closing statement, though “settlement” is the formal term most likely to be used by the real estate industry. How much the lender is financing toward the sale.

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Earnest money deposit Title Closing Loans 105

HomeLight

DECEMBER 2, 2021

Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. In Kentucky, for example, the buyer typically pays for both the owner’s and lender’s title insurance policy and title search.

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Seller concession Staging Inspection Renovation 122

HomeLight

JULY 31, 2021

The San Antonio real estate market draws investors with its consistent housing stock, variety of industries, and steady influx of residents. Some, however, are ready to move immediately, in which case we are limited by the bandwidth of the title company to complete the title search process and get all the documents together.”.

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Investor Title Sales Due diligence 111

Real Trends

DECEMBER 27, 2022

Financing fallout. Failed financing is a huge reason why, in multiple-offer scenarios, some sellers opt for lower cash offers instead of offers contingent on loan approval. According to NAR’s Home Buyers and Sellers Generational Trends Report, almost 90% of buyers finance their purchases.

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Sales Home sale contingency Pre-approval Inspection 62

HomeLight

MARCH 13, 2023

Booming tourism industry spurs investor activity With warm weather and popular attractions like Walt Disney Disney World and Universal Orlando Resort, Orlando is one of the country’s top tourist destinations with nearly 60 million visitors each year. Both parties sign a contract and submit it to a title company.

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Sales Investor Due diligence Renovation 98

HomeLight

DECEMBER 30, 2022

After a brief inspection and title search, the company presents its findings to the seller. If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require. Title search.

Purchase and sale agreement 98

Purchase and sale agreement Closing costs Closing Sales 98

HomeLight

NOVEMBER 10, 2022

After a brief inspection and title search, the company presents its findings to the seller. If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require. Title search.

Purchase and sale agreement 98

Purchase and sale agreement Closing costs Closing Sales 98

HomeLight

NOVEMBER 10, 2022

After a brief inspection and title search, the company presents its findings to the seller. If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require. Title search.

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Purchase and sale agreement Closing costs Closing Sales 95

HomeLight

DECEMBER 31, 2022

After a brief inspection and title search, the company presents its findings to the seller. If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require. Title search.

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Purchase and sale agreement Closing costs Closing Sales 92

HomeLight

APRIL 11, 2023

Company founder Jared Benson has a background both in traditional real estate transactions and house flipping, bringing a thorough understanding of the industry to his clients. Less hassle: You won’t need to worry about showings, open houses, fielding offers, negotiating, low appraisals, or the risk of the buyer’s financing falling through.

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Purchase and sale agreement Closing costs Closing Agents 102

Marco Santarelli

DECEMBER 20, 2020

Have your financing option ready before you submit an offer as most sellers want to see a pre-approval letter before accepting an offer. One side benefit of this approach is that you can get very creative in the financing terms. Every buyer is represented by a real estate agent or broker on MLS.

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Sales MLS Renovation Investor 80

HomeLight

JANUARY 25, 2023

The investing group doesn’t rely on traditional financing, so they’re able to offer cash and close in as few as seven days. If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require.

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Purchase and sale agreement Closing costs Closing Agents 98

HomeLight

DECEMBER 8, 2022

If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require. A company may be untrustworthy: As with any industry, there’s a risk of falling in with a less trustworthy company. Title search.

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Purchase and sale agreement Closing costs Closing Agents 105

HomeLight

JANUARY 27, 2023

The process at Myrtle Beach Home Buyers is pretty standard for the industry. If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require.

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Purchase and sale agreement Closing costs Closing Agents 98

HomeLight

JANUARY 19, 2023

Customer reviews for We Buy Ugly Houses speak to the company being a well-known and trusted name in the industry. If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require.

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Purchase and sale agreement Closing costs Closing Agents 97

HomeLight

JANUARY 25, 2023

In addition to providing cash-for-homes options, it also runs a broader homebuilding, financing, and real estate operation. If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Agents 97

HomeLight

JANUARY 6, 2023

Owner and founder Timothy Doyle is a 16-year veteran of the real estate industry, working with a team of professionals that specialize in buying homes for cash. Less hassle: You won’t need to worry about showings, open houses, fielding offers, negotiating, low appraisals, or the risk of the buyer’s financing falling through.

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Purchase and sale agreement Closing costs Closing Agents 97

HomeLight

FEBRUARY 16, 2023

The president and the sales and acquisition manager have 15 years and 20 years of experience in the real estate industry, respectively. If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require.

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Purchase and sale agreement Closing costs Closing Agents 19