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How can the mortgage industry be more prepared for the next natural disaster?

Housing Wire

We have lenders coming to us asking about the potential impact of a mortgage loan closing should the NFIP lapse. Many states do have sellers disclosure laws. Beyond that, there are more questions than answers regarding the future of the program. People are looking for answers,” Gibson said. “We

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What Legal Documents Will You Need for Buying a House? Here’s Your List

HomeLight

We’ll also hear from Richie Helali of HomeLight Home Loans for an inside scoop on the loan-related documents for buying a house. Some states require sellers to fill out a seller disclosure statement documenting known repair needs or health and safety hazards in the home. Loan Estimate. Interest rate.

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Selling a House ‘As Is’ in Rhode Island

HomeLight

It’s always a good idea to disclose anything and everything you know as a seller. I always get questions from sellers – Should I disclose this, should I disclose that? Cash eliminates the lender-ordered appraisal as well as the time it takes to close on the buyers loan, creating a faster and clearer path to settlement.

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8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

Additionally, the buyer should carefully review the seller's disclosures, which provide information about the property's history, known defects, and other relevant details. This stage involves working closely with a mortgage lender or financial institution to assess eligibility and secure a suitable loan.

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40 Real Estate Forms You Need to Sell Your House

Redfin

Mortgage and financing documents Youll want to put together all your home loan and financing forms you would have received from your mortgage lender. These could also include any home equity loans or lines of credit you may have with your lender. Particularly youll need the original purchase agreement and deed.

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How to Spot Serious Foundation Trouble

Hank Miller Team

Don't rely on seller disclosures and if inspections are waived, buyers likely have little recourse as a lawsuit can be very hard to win in a "buyer beware" state like Georgia. If this buyer was getting a loan, any appraiser will note this and certainly call for structural inspection as well.

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Ask Brian: Can I Buy a House Without a Real Estate Agent?

Realty Biz

Somewhere in the mix, you may need some advice on finding a mortgage broker that specializes in something that will help you, such as a VA loan. Review seller disclosures. You might not know what to ask for or what sellers in your state are required to disclose or not disclose.

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