Remove Industrial Remove Inspection Remove Loans Remove Title search
article thumbnail

A look at the role instant title plays in the borrower journey

Housing Wire

We continually monitor volumes, market nuances and industry trends to ensure our products – and our staff – meet our clients’ needs. At ServiceLink, we’re flexible with our offerings and can scale up or down as necessitated by industry conditions. This scalability includes our industry-leading signing agent panel.

Title 282
article thumbnail

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

RIS Media

Real Estate appraisals are usually completed when homes are bought via mortgage loans. Home inspection problems. Home inspections are standard practice when buying a home and don’t usually stop a sale unless there is a severe underlying issue with the property. The title search reveals issues.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. The fee, usually 0.3 – 1.5

article thumbnail

Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For

HomeLight

Maybe you aren’t using a loan, but you can still run into cash flow issues. Problems come up during inspection. Financing and appraisal contingencies give the buyer an out if their lender determines that it will not finance the property, based either on the loan underwriting or the results of the appraisal.

Closing 109
article thumbnail

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

HomeLight

The buyer’s lender will probably require their own appraisal as part of their loan approval process. 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. Pre-inspection.

article thumbnail

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

The Close

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan.

article thumbnail

How to Read a Settlement Statement When Selling a Home

HomeLight

Yes, a settlement statement is the same as a closing statement, though “settlement” is the formal term most likely to be used by the real estate industry. The Closing Disclosure is issued by the buyer’s lender, and is designed to be compared to the Loan Estimate, which is the first estimate of fees the buyer gets when they borrow money.