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

Housing Wire

As a follow-up, HousingWire sat down with Peter Richter, co-founder and president at Flueid, to discuss why mortgage lenders should be asking for a quick, data-driven title check at loan application, rather than an instant title commitment, to understand and verify what’s going on with a property and consumer from the start.

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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. Next, we'll explore financing options and the specifics of land loans, a critical step in acquiring land. 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. Real Estate appraisals are usually completed when homes are bought via mortgage loans. The title search reveals issues. Whenever you’re purchasing real estate, a title search is one of the standard boxes that must be checked. Contingent meaning.

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Preparing to Get Pre-Approved For a Mortgage

Realty Biz

This thorough assessment determines how much you can borrow, which loans you may be approved for, and the potential interest rate. It is one of the most significant steps in preparing to get a home loan. Compare interest rates and loan terms offered by various lenders. Otherwise, you may need to apply for a bad credit home loan.

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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. Home staging and preparation. Home staging and preparation. Source: (Clay Banks / Unsplash). Seller concessions.

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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.

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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. Photograph it.