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Biden tax credit to rehab homes is finally unveiled

Housing Wire

How hybrid title and valuations help increase lending efficiency. Why use several vendors for title searches, appraisals and underwriting when you can use one? The tax credit would cover the difference between total development costs — including acquisition, rehabilitation, demolition and construction — and the sales price.

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Opinion: What you need to know for a successful real estate transaction

Housing Wire

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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Opinion: How the title industry protects homeowners

Housing Wire

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. As an industry, we united against these unfair fee agreements.

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Are Closing Costs Tax Deductible When Selling a House?

HomeLight

On average, sellers pay between 2% and 5% of a home’s sale price in closing costs. This document provides a detailed breakdown of all your closing costs, showing how much will go to your mortgage lender, as well as the amount you’ll receive from the sale, either through a bank transfer or check.

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Fueling the home-buying process with certainty

Housing Wire

A shift in household economics strained finances, so lower interest rates and cash-outs became attractive. It is designed to compress the closing timeline by expediting and digitally enhancing the title search processes using traditional and nontraditional data sources, proprietary logic, and insights.

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Can AI launch the title industry into the future in 2024?

Housing Wire

“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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Considering Waiving the Appraisal Contingency? Here’s What to Know

HomeLight

Essentially, its a condition the buyer or seller has to clear up before the sale can continue. Financing contingency: The buyer must qualify for a mortgage loan and receive financing for the deal to continue. Financing contingency: The buyer must qualify for a mortgage loan and receive financing for the deal to continue.