Remove As-is Remove Closing costs Remove Technology Remove Title search
article thumbnail

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. The bill is being considered in several states nationwide.

Title 450
article thumbnail

Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. The buyer typically covers the cost of the appraisal. Home Inspection.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Title insurers reckon with attorney opinion letters

Housing Wire

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. In some ways it could cost them more. This is a top priority for ALTA.”.

Title 331
article thumbnail

Purchase market will highlight closing process problems

Housing Wire

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing. Let’s admit it.

Closing 249
article thumbnail

Opinion: Title insurance is essential. Here’s why

Real Trends

As we approach the beginning of home-buying season, with many buyers deciding on the purchase of their largest investment yet, title insurance is essential, giving homebuyers peace of mind and confidence that their property rights are protected. Why title insurance? The COVID-19 pandemic fundamentally changed the way we view our homes.

Title 107
article thumbnail

iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. . They find this offer to be satisfactory and are able to close in days without mortgage lender involvement.

Title 102
article thumbnail

7 of the Top We Buy Houses for Cash Companies in Phoenix

HomeLight

Receive your offer within a week and close in as little as 10 days. We Buy Houses companies in Phoenix typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days. Need to Sell Your House Fast in Phoenix? Request Offer.