Marco Santarelli

SEPTEMBER 6, 2020

We are not suggesting using crowdfunding instead of applying for a mortgage. You can choose the loan duration, whether they’re using crowdfunding to save money on hard money loans or in place of a mortgage. Yet you’re legally obligated to pay the carrying costs such as the payments on a hard-money loan, mortgage, and insurance.

Lending 135

Lending Loans Investor Branding 135

HomeLight

AUGUST 16, 2021

So, listen as Christina and I talk about where this segment of the market is headed, how to prospect for distressed properties, how to approach owners and mortgage holders. We also have millions of homeowners that are delinquent on their mortgage. We have a lot to talk about. So let’s dive right in. Christina: Sure.

Marketing 76

Marketing Short sale Bankruptcy Banks 76

HomeLight

JULY 12, 2022

Need the certainty of a sale: Being stuck paying two mortgages or having a deal crash when the buyer’s financing falls through often tops the list of terrors in sellers’ real estate nightmares. With an online offer, you can be on to the next adventure — cash in hand — in less than the time it takes to get a passport.

Purchase and sale agreement 109

Purchase and sale agreement Investor Equity Closing 109

HomeLight

DECEMBER 23, 2021

This bundle includes five separate rights which you may alone claim or share with other entities such as your mortgage lender: The right of possession. If you have a lien against the property such as mortgage, second mortgage, or home equity line of credit, you’ll need to resolve that lien using proceeds from the sale.

Title 111

Title Title search Bankruptcy Due diligence 111

HomeLight

MARCH 16, 2023

Naumann says buyers may not get a mortgage if big-ticket items like the roof or A/C aren’t in good condition. Investors offer alternatives to foreclosure and bankruptcy About 60% of sellers who contact Ramcharitar are behind on their mortgage payments. The buyer does due diligence during the option period in Texas.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

MAY 24, 2022

Mortgage interest is tax-deductible , and many homeowners appreciate the deduction. If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. Everyone involved will need time to perform their due diligence. Why pay cash for a home?

Purchase and sale agreement 111

Purchase and sale agreement Closing Title search Title 111

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: Wire fraud (money goes missing).

Closing 105

Closing Purchase and sale agreement Title Home sale contingency 105

HomeLight

OCTOBER 29, 2020

When you use a mortgage to buy a home, your lender will need to order an independent appraisal to evaluate what it’s worth. Unless you’re paying cash for a house, your best course of action is to include a pre-approval letter from a mortgage lender with your offer. Home appraisals. Buyer financing. Zoning and land use contingencies.

Purchase and sale agreement 81

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

HomeLight

JULY 31, 2021

Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. In a mortgage-backed transaction, a lender will require an appraisal as a condition of financing. If you still owe money on a mortgage, the title company will also determine the payoff amount.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Title 98