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Housing Wire
JUNE 8, 2023
“The title I have used to frame this discussion for the past few months is ‘storm warning or calm seas?’” Is this a big deal or not a big deal for those of use in the title industry and the real estate industry generally?” Many in the title industry would argue that Fannie Mae ’s acceptance of AOLs is a big deal.
Realty Biz
FEBRUARY 19, 2024
However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Zoning determines land use, such as residential, commercial, or agricultural. Unlike purchasing a ready-made home, it offers the flexibility to design and build according to personal or business needs.
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Housing Wire
DECEMBER 26, 2022
Many in the title insurance industry reported record years in 2021, but while experts were predicting things to slow down in 2022, the suddenness at which the market cooled was unexpected, or as Jodi Ketchersid, a Destin, Florida-based Corcoran Group agent said: “It was like, ‘Holy cow! What happened to the market?’”.
Realty Biz
SEPTEMBER 14, 2023
Some of their key responsibilities include: Reviewing and preparing legal documents Ensuring the clarity of title and title insurance Facilitating the transfer of funds Resolving legal disputes Importance of Hiring a Real Estate Attorney Hiring a real estate attorney is crucial to protecting a buyer's interests.
HomeLight
AUGUST 24, 2022
However, this buyer needs a mortgage to finance the deal, and that can take months. Disclaimer: A friendly reminder, information in this blog post is meant to be used for educational purposes only, not as a substitute for professional tax or legal advice. Good news: Housing in the Sunshine State couldn’t be a hotter commodity.
Marco Santarelli
MARCH 23, 2023
A real estate promissory note provides greater flexibility in financing, allowing both parties to negotiate terms that are more suitable for their needs than traditional mortgage loans. The note outlines the specific amount of money that the borrower promises to pay back to the lender, including interest, over a set period of time.
HomeLight
JANUARY 12, 2022
But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. So if you list your home on Jan. 1 and accept an offer on Jan.
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