Debt-to-income ratio, Short sale and Title search

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Debt-to-income ratio

Short sale

Title search

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

DECEMBER 29, 2022

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.

Purchase and sale agreement

Purchase and sale agreement Title Proof of funds Pre-approval

25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

JULY 29, 2022

This can radically alter their debt-to-income ratio and jeopardize the whole deal. That likely went right to your lender, so ask to get a copy from either them or directly from the title company. These are the properties where there’s a strong possibility there could be a cloud on the title.

Closing

Closing Purchase and sale agreement Title Home sale contingency

Residential Realty Today

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

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