Housing Wire

APRIL 10, 2023

In December, HousingWire spoke to Flueid about the concept of instant title and why it is a misnomer for mortgage lenders. HousingWire: HousingWire recently spoke to Flueid about the concept of instant title and why it’s a misnomer for mortgage lenders. We’ve seen this shorten the transaction timeline by only about a day.

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Housing Wire

APRIL 11, 2023

Real estate transactions can be complicated, especially when it comes to titles and escrow. As a professional in the industry with over twenty years of experience, I know that two of the most crucial aspects of any real estate transaction are title and escrow. So why are title and escrow so important?

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Housing Wire

OCTOBER 29, 2021

A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. HousingWire recently spoke with Dave Steinmetz, Division President of Origination Services for ServiceLink, on what tools lenders should leverage to streamline home equity title and closing.

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Housing Wire

MARCH 31, 2021

Every real estate transaction—whether it is backed by a mortgage or is an all-cash deal—requires a determination of ownership and a clear transfer of title. That said, many companies still rely on legacy systems and manual processes to procure, search, and examine title. Jim Portner, Vice President Product and Strategy.

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Housing Wire

JUNE 1, 2021

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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Housing Wire

FEBRUARY 21, 2025

Fidelity National Financial (FNF) delivered a strong earnings report in the fourth quarter of 2024, increasing its companywide net earnings for the full year and showing positive Q4 results for its title insurance segment. Total revenue for the title segment reached $2 billion in the fourth quarter and $7.7

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Housing Wire

MARCH 28, 2024

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” But there’s also room for improvement.

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HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Since Alabama’s average sale price sits around $228,283 , sellers pay $13,697 to $22,828 in closing costs on average.

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Housing Wire

FEBRUARY 10, 2022

It is no secret that 2021 posed a variety of challenges for the title insurance industry. In the title sector, pretax income increased 25% year over year. Total direct title revenue grew 24% from a year prior to $423.1 Non-commercial domestic title revenue was responsible for $282.3 million compared to $154.9

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Housing Wire

MARCH 1, 2021

Like it or not, the most nerve-wracking part of buying or selling a home comes when the “file” heads out to the title and escrow company. But, to date, most of the streamlining has happened at the point of marketing and sales. It makes perfect sense, then, that the first priority for streamlining and improved efficiency would be sales.

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Housing Wire

NOVEMBER 22, 2023

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” in question.

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HomeLight

NOVEMBER 1, 2021

Open liens could affect your home sale because a new owner would become responsible for the property debt if you transfer title without clearing the lien. Also, a title insurance company will exclude coverage for any liens that cloud, or negatively affect, the property’s title. Other title issues, such as a faulty survey.

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Housing Wire

JULY 28, 2022

What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? Identifies Any Title Problems : Searches the property’s chain of title to identify any potential problems that may slow down the sale of the property.

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Housing Wire

AUGUST 30, 2021

Title is the key to unlocking the transaction slowdown. While much innovation has been focused on the upstream, consumer-facing processes, one of the industry’s largest transactional quagmires – title – remains largely untouched. Title has the job of finding all the chapters of that story and unraveling them with accuracy.

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Housing Wire

APRIL 6, 2021

But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and real estate agents said. How hybrid title and valuations help increase lending efficiency. Streamline by combining services.

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Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value.

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HomeLight

JULY 26, 2024

A title company wears a lot of hats over the course of a home sale. Oftentimes, the title company involved must undertake extraordinary work to address title issues that can go back 50 years or more. So, let’s break down each responsibility in plain terms, including how title companies will:

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Housing Wire

OCTOBER 29, 2020

We offer a span of comprehensive product options throughout the entire loan lifecycle and help manage loans from start to finish, including title searches, processing, underwriting, closing and disposing of them and even take them into the post-closing and servicing process. Every engagement is customized for each client.

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HomeLight

OCTOBER 31, 2024

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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RIS Media

APRIL 14, 2022

Before buying your house, a buyer will have a title search conducted to check for any liens against the property. If a title search finds a lien related to a bill that you have already paid, contact the company or government agency and provide proof of payment so you can have the lien removed. Handle the Lien at Closing.

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HomeLight

DECEMBER 23, 2021

House deed vs. title: what’s the difference between the two? Perhaps the biggest myth is that the title to a home is an actual document stored in a drawer somewhere. Essentially, title and deed are both related to the important question of who truly owns a particular piece of real estate and has the rights to it. Find Agent.

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HomeLight

OCTOBER 31, 2024

Sell Your Inherited Home Quickly For Cash Request a no-obligation cash offer from HomeLight’s Simple Sale platform and receive a purchase quote in 24 hours. Each category includes specific documents to verify your authority and ensure a smooth sale process. The title is the concept of legal ownership granted by the deed.

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HomeLight

FEBRUARY 20, 2025

Essentially, its a condition the buyer or seller has to clear up before the sale can continue. Home sale contingency: Buyers purchase is dependent on the sale of their existing home. Title contingency: The sale of the home is contingent on the title search showing no issues or concerns.

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Easy Agent Pro

AUGUST 6, 2021

There’s PMI and MIP, homeowners insurance and title insurance. The clearer you can explain the escrow and title processes, the better your clients will perceive a high level of customer service. Close of escrow” refers to the fulfillment of the instructions (funds disbursed, title transferred etc.). And title insurance?

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Redfin

FEBRUARY 20, 2025

On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. Closing costs are the fees and expenses required to finalize the sale of a home. Real estate commission 3%6% of sale price Negotiable Title fees 0.5%1%

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RIS Media

APRIL 8, 2022

Here’s all you should know about contingent sales as a potential home buyer. An active listing means the home in question is currently on sale, and sellers are actively open to offers. If the house doesn’t get sold in the stipulated time, the sale can fail to materialize. The clause is referred to as a home sale contingency. .

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HomeLight

JULY 11, 2024

If you’re selling an inherited house in Florida, you may be balancing the titling scales of emotions, money, and time. You’re likely eager to get sales agreements signed and move things forward as quickly as possible. Rather than list the traditional way, request a no-obligation cash offer from HomeLight’s Simple Sale platform.

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Realtor.com

DECEMBER 5, 2022

Before a property sale can go through, a title company is brought in to find out whether or not a seller has the legal right to sell the property. To do that, the title company searches public records for liens on the property, meaning anyone who has a claim to a portion of the money should the property be sold.

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Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

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HomeLight

JULY 11, 2024

Before planning your next steps, you’ll want to factor in your closing costs to determine how much money you’ll actually pocket when the sale is completed. Michigan sellers usually pay closing costs ranging from 6% to 10% of the home’s sale price. These costs include title searches, title insurance, and transfer taxes.

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HomeLight

MAY 24, 2022

A cash sale: Start to finish. Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. With a cash sale, you can skip a few steps in the typical closing process.

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Realtor.com

OCTOBER 29, 2020

If something is wrong, you can request that it be fixed—or you can back out of the sale. You have a specified time period, as stated in the sales contract, during which you have to obtain a loan that will cover the mortgage. Clear the title. It’s rarely advisable to waive an inspection contingency. Get final mortgage approval.

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HomeLight

MARCH 9, 2022

This step is commonly referred to as a title search , title review, or property history search — but by any name, it involves delving into the formal records of a home and the property on which it sits. A title search is very important. A property deed differs from a property title. Margaret Labus.

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HomeLight

APRIL 18, 2024

But if the word easement comes up in a title search when buying or selling a house, questions can arise. Will an easement impact your home sale or purchase? Easement dispute, easement decision, easement access — these phrases are heard more often in the news than in our homes. What is an easement in real estate?

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HomeLight

AUGUST 20, 2021

The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. For example, a seller’s closing costs for a median sale price of $280,000 would range between $16,800 to $28,000, depending on various sale factors. Some closing costs apply to nearly every home sale. of the sale price.

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HomeLight

NOVEMBER 15, 2024

Sell Your Inherited North Carolina Home Quickly For Cash Request a no-obligation cash offer from HomeLight’s Simple Sale platform and receive a purchase quote in 24 hours. She also recommends you hire an on-the-ground expert who will walk the home-sale journey with you step by step.

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RIS Media

JANUARY 18, 2022

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. What Is a Pending Sale? The post What’s the Difference Between a House Under Contract and a Pending Sale?

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