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Can AI launch the title industry into the future in 2024?

Housing Wire

With its four largest firms all at least 100 years old, the title insurance industry has a bit of a reputation for being antiquated and technology averse. “I The title industry has worked hard over the last few years to shed that reputation. Not only did it take a lot of time, but it cost a lot of money.

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Why lenders should be asking for a title check at loan application

Housing Wire

Peter Richter: The concept of “instant title” means delivering a title commitment “instantly” upon ordering title insurance. Unfortunately, that “instant” title commitment itself does not inherently equate to a faster close, as my colleague Matt Regan outlined in his recent article.

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Selling Your Home? The Seller’s Net Sheet Estimates the Proceeds You Get at Closing

HomeLight

As a high-level rule of thumb, sellers can expect to pay between 6-10% of the final sale price in commissions and closing costs. Seller’s portion of closing costs (title fees, taxes, and escrow). Owner’s title insurance : -$3,250 (usually between 0.5%-1.0% Title document preparation fees: -$175. Title insurance.

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Top Tips and Considerations For Buying Land

Realty Biz

Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Can you imagine buying a lot only to discover it has crept too close to the neighboring lot line? The real estate attorney you are using should conduct a title search to ensure no liens against the property.

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Can You Put an Offer on a House That’s Contingent?

RIS Media

Real estate listings go through different stages. Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . The title search reveals issues. The title needs to be clean. Contingent meaning.

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What’s Required to Sell a House Without a Realtor?

HomeLight

Preliminary title report. Doing a title search before you put your home on the market alerts you about any pending taxes, restrictions, or liens on the property that you’ll have to clear before selling. The buyer needs this in order to calculate the cost of taxes at closing. Prepare for closing. 1099-S tax form.

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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. Accounting for your payoff amount will help you determine how much cash you’ll net after your home sale closes.