Realty Biz

SEPTEMBER 14, 2023

Attorneys ensure that the loan documentation is executed correctly, review the terms and conditions of the mortgage, and confirm that the property's title is clear and suitable for collateral. Lawyers do this by performing a title search. Can a Real Estate Attorney Assist with Mortgage Loans?

Purchase and sale agreement 99

Purchase and sale agreement Title search Title Due diligence 99

HomeLight

OCTOBER 30, 2020

Maybe you aren’t using a loan, but you can still run into cash flow issues. You were planning to take money out of the account to cover your cash purchase. Real estate contract contingencies are commonly associated with getting a mortgage, as lenders tend to do their due diligence on a property before they’ll put up the money for it.

Closing 109

Closing Inspection contingency Title search Purchase and sale agreement 109

HomeLight

JULY 26, 2022

If the seller is working with a listing agent, their agent will more than likely have already done their due diligence to make sure they are able to sell their home. Title contingency. Also, be sure to include your earnest money deposit amount, closing dates, and who will be responsible for certain closing costs.

Earnest money deposit 95

Earnest money deposit Purchase and sale agreement Title Inspection 95

HomeLight

MAY 24, 2022

Paying cash saves you money, and you might need a place to live sooner rather than later. But just how long does it take to close on a house with cash, compared to a traditional loan? Everyone involved will need time to perform their due diligence. Submit earnest money: 1 day. Title search: 3 days.

Purchase and sale agreement 103

Purchase and sale agreement Closing Title search Title 103

HomeLight

MARCH 22, 2022

Different variables affect how much is appropriate to put down on the property, including: Different mortgage loan types. A down payment amount that allows for “wiggle” money to settle into the home. The minimum amount needed for loans and assistance programs. Ever heard of the due diligence fee in North Carolina?

Due diligence 88

Due diligence Closing costs Earnest money deposit Loans 88

Realty Biz

NOVEMBER 11, 2020

They will also get their earnest money deposit back , and the home will go back on the market. Lenders don’t want to loan more money than the property is worth since this will leave them in a losing position if the home goes into foreclosure. Maybe they have an unsubstantiated cash deposit ?

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

HomeLight

APRIL 30, 2021

A cash offer simply means you have all the money you need to buy the home in cash. Then it’s a matter of completing your due diligence: clearing the home’s title , getting a home inspection , confirming the home’s price (through an independent appraisal, if you choose), and closing the transaction. No interest.

Due diligence 100

Due diligence Finance Proof of funds Earnest money deposit 100