Housing Wire

JUNE 21, 2022

The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job. In a refinancing, homeowners obtain a new loan and lenders require a new title search and a title insurance policy on that loan to protect their investment.

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Title Title search Due diligence Land 506

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Being a real estate agent for the last thirty-eight years, I have had numerous experiences selling land. Careful due diligence is necessary to ensure you don't make any significant mistakes.

Land 126

Land Due diligence Title search Finance 126

Realty Biz

MARCH 16, 2023

If qualifying for a conventional loan is difficult, and you aren't eligible for VA or USDA loans, an FHA loan could be the answer. FHA loans allow you to pay 3.5% But there are also downsides to FHA-insured loans. So is this type of loan right for you? We take a look at FHA loan requirements.

FHA loan 89

FHA loan Loans Debt-to-income ratio Due diligence 89

Housing Wire

MARCH 11, 2022

Because Fairway gets most of its reverse mortgage business from referral partnerships, extending to the purchase market made sense for Fairway because of the partnerships that its loan officer corps has spent so much time developing, according to Hultquist. And so, they know the local real estate agents. Harlan Accola. Dan Hultquist.

FHA loan 335

FHA loan Due diligence Loan Officer Loans 335

Housing Wire

NOVEMBER 22, 2023

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process.

Technology 411

Technology Due diligence Development Loan Officer 411

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. The problem: They did not qualify for the loans. Hill’s scheme, also enabled by a group of co-conspirators, caught up with him, in part because many of the loans started going south.

Mortgages 380

Mortgages Marketing Loans Finance 380

Realty Biz

NOVEMBER 16, 2023

The platform also provides mortgage professionals with real-time updates on loan applications and helps them to identify potential problems early on. Lead generation: AI can be used to generate leads for real estate agents and brokers. Due diligence: AI can be used to automate the due diligence process for real estate transactions.

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Due diligence Technology Industrial Development 91

RIS Media

MAY 26, 2023

Setpoint has acquired Resolute Diligence Solutions, a due diligence provider focused on Single Family Rental (SFR) and Residential Transition Loans (RTL). … The post Setpoint Acquires Resolute Diligence Solutions appeared first on RISMedia.

Due diligence 91

Due diligence Lending Technology Residential 91

Housing Wire

JUNE 18, 2021

Loan investors, on the other hand, rely on broker price opinions (BPOs), which are even more problematic. BPO inspections are done by real estate agents from the street, often never leaving their cars when they snap their photos and make arbitrary notes. RD: CAPE is becoming the “eyes” of both real estate and loan investors.

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Investor Due diligence Loans Technology 334

Real Trends

MARCH 3, 2022

When you’re the listing agent: Please don’t list and ghost. Keep that person looped in on the progress of the showing and offer period so that they can update interested buyers and their agents with up-to-date information, as dictated by your client. . It all rolls down from the listing agent, every time.

Agents 103

Agents Due diligence Inspection Rent back 103

HomeLight

DECEMBER 12, 2023

Perhaps the biggest gear that needs to turn in your favor is the mortgage loan. Find a Top Buyer’s Agent to Guide You HomeLight can connect you with a top-rated real estate agent familiar with mortgage contingencies and home listings in your area. The most experienced agents know how to safeguard your earnest money and time.

Earnest money deposit 99

Earnest money deposit Mortgages Purchase and sale agreement Finance 99

Realty Biz

JUNE 20, 2023

However, it requires a sound strategy and due diligence to find the best deals. Understanding Foreclosures Foreclosure is a legal process where a lender attempts to recover the balance of a loan from a borrower who has stopped making payments. Alternatively, you may need to consider hard money loans or cash.

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Due diligence Hard money loan Inspection Title 74

HomeLight

FEBRUARY 4, 2022

And if you’ve recently overheard a work colleague gloating about how they easily bought a house without a real estate agent, one of those questions might be whether you actually need to hire an agent at all. Yes, you can buy a house without the aid of a real estate agent. An agent is your advocate. And lots more!

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Agents Purchase and sale agreement Due diligence Inspection 93

Realtor.com

AUGUST 13, 2020

This is presuming you aren’t planning to make an all-cash offer to a seller, but rather need a loan to make your goal of home buying happen. But any good real estate agent will tell you that it’s time well spent. In fact, securing a loan is the most common holdup in buying a house. Step 2: Find your dream home.

Pre-approval 143

Pre-approval Pre-qualification Due diligence Loans 143

Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. Understanding and comparing mortgages, government-backed loans, and private financing can greatly impact your financial success.

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Due diligence Earnest money deposit Investor Inspection 58

HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. We include advice from an agent who has worked with hundreds of new buyers, descriptions of different loans, and information about the many kinds of paperwork you’ll deal with.

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Loans Mortgages Title FHA loan 83

HomeLight

MARCH 7, 2024

Achieve Greater Buyer Confidence With a Top Agent HomeLight can connect you with the most experienced buyer’s agents in your home shopping area. Danielle Moy is a top Chicago area real estate agent with more than 16 years of experience. We’ll also review the legal and financial repercussions that can follow.

Purchase and sale agreement 104

Purchase and sale agreement Earnest money deposit Option period Due diligence 104

HomeLight

FEBRUARY 29, 2024

From exploring the possibility of an all-cash offer to the advantages of partnering with a top-performing Spokane real estate agent, we’ll share insights and tips to help you make the best decision for your particular situation. In this article, we’ll walk you through the paths you can take to sell your Spokane home fast.

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Due diligence Property Management Inspection Sales 107

HomeLight

NOVEMBER 30, 2022

With this shifting landscape in mind, arguably the most important first step in your homebuying journey is knowing how to pick a real estate agent. According to a National Association of Realtors report, 86% of buyers said their agent was a useful source of information when navigating the homebuying process. Get Started.

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Agents Purchase and sale agreement Technology Seller concession 107

HomeLight

MARCH 22, 2022

It’s an attractive location if you have a family and want a lot of space,” says expert real estate agent Madison Griffith with Ginger & Co. It can be challenging, but a good agent will work to find a place at the price you need,” Griffith shares. The minimum amount needed for loans and assistance programs. Real Estate. “I

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Due diligence Closing costs Earnest money deposit Loans 88

HomeLight

AUGUST 31, 2021

A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. Though you can (and should!)

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Due diligence Inspection Pre-approval Pre-qualification 76

Real Trends

JUNE 7, 2022

This is because larger teams have access to capital, resources and efficiencies of scale that smaller teams and single agents do not. Operating margin/profit: Agent businesses with higher profit margins and more profit (discretionary earnings) will get higher multipliers than those with lower margins and profit.

Agents 78

Agents Due diligence Finance Brokerage 78

HomeLight

JANUARY 27, 2021

If you’re new to buying a home, you might be wondering where to start and how to work with a real estate agent. but after scrolling through pages of agents with the same star ratings and blindingly similar reviews from clients, you probably still aren’t sure where to start. How do you know if an agent is good or not?

Agents 83

Agents Purchase and sale agreement Debt-to-income ratio Due diligence 83

HomeLight

APRIL 30, 2021

1 buyer is obviously the cash buyer” explains top Long Beach , California agent Ramon Sanchez , who works with 77% more single-family homes than the average area agent. “So Because of the due diligence involved with issuing mortgages, it takes a lot longer to close on a home with one. No interest.

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Due diligence Finance Proof of funds Earnest money deposit 100

McKissock

JANUARY 18, 2022

A skilled real estate agent can play a major role in guiding these fledgling property owners through the maze that is a real estate transaction. In an interview with Entrepreneur , property experts say that a real estate agent can make or break a home-buying experience. Answer Questions. Download for free here. Avoid Pitfalls.

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Due diligence Loan Officer Agents Inspection 96

RIS Media

APRIL 18, 2022

Speak to your real estate agent about what to expect. You can expect the seller’s listing agent to require it as well. Your agent can help you get pre-approved for a mortgage in the current market. If you don’t have a lender chosen, your buyer’s agent will have someone they are comfortable referring you to.

Pre-approval 112

Pre-approval Backup offer Due diligence Rent back 112

Realty Biz

OCTOBER 12, 2021

Although the immediate attention of any buyer goes towards the financial aspects, like loans and credit history, it is instrumental to thoroughly understand how to verify the history of the house you intend to buy. Real Estate agents refer to this as the due diligence period in real estate. Land Survey.

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Due diligence Title search Land Title 137

Redfin

AUGUST 3, 2021

What to know when buying a house without a real estate agent. Let’s start by looking at some frequently asked questions about buying without an agent. . If you work without an agent, can you only buy homes that are for-sale-by-owner (FSBO)? You can make an offer on any home just as you would if an agent were representing you.

Agents 73

Agents Pre-approval Inspection Due diligence 73

Housing Wire

APRIL 12, 2023

In the case of the real estate company, a spoofed email that purported to be from a real estate agent at the company directed a closing attorney to wire $154,000 in home-purchase funds to a bank account controlled by the fraudsters. Underreporting [of BEC fraud] is huge,” Suri said.

Industrial 356

Industrial Banks Title Technology 356

Realty Biz

JUNE 15, 2022

Performing due diligence is vital when purchasing a home. Real Estate agents are asked important questions all the time as it pertains to land. Without having the ability to provide ALL of the appropriate utilities to a building lot, it is unlikely you’ll be able to get a land loan. What is Abutting The Property?

Land 126

Land Purchase and sale agreement Due diligence Title 126

Marco Santarelli

APRIL 10, 2024

As property value rises, the loan amount stays fixed, increasing your return on investment ( ROI ). Professional Guidance: Consider seeking advice from experienced real estate professionals like agents, brokers, or financial advisors. That translates to a $50,000 increase in equity, outpacing any cash flow generated during that period.

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Equity Due diligence Development Commercial 97

Realty Biz

OCTOBER 17, 2023

They don’t just put in a good word about your character — they actually sign for your loan along with you, putting their own credit on the line. If you default on the loan, they’ll face consequences alongside you — or even before you, since co-signers can face collections before the primary borrower. Over a fifth of U.S.

Mortgages 84

Mortgages Debt-to-income ratio Due diligence Loans 84

Realty Biz

SEPTEMBER 11, 2023

The real estate market in 2023 calls for more than just investment savvy; caution and due diligence have become equally essential. The conditions for obtaining a mortgage have become stricter, pushing some individuals into the territory of falsifying information to secure a loan.

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Due diligence Title Mortgages As-is 83

Housing Wire

JANUARY 3, 2023

My hope is that many of the features and policies that have made the VA loan the safest mortgage in the U.S. Personally, tracking the occurrences of over 2,700 VA loans through Vetted VA for 2021, I can tell you that professionals — who truly know the VA loan — don’t hate the current VA appraisal process.

VA loan 75

VA loan Loans Due diligence HR 75

Hank Miller Team

FEBRUARY 8, 2022

Remember, the buyer’s loan is based upon the lower of the contract price or appraisal. The appraisal contingency protects the lender – and indirectly the buyer – to ensure the home can be sold for at least the loan value. Agents would be well advised to understand these guidelines, the selection of comparable sales at a bare minimum.

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Due diligence Agents Loans Finance 98

HomeLight

APRIL 30, 2021

Your listing agent comes to you with a fairly thick package of paperwork and says: “Here’s the comparative market analysis (CMA) for your house — let’s talk about what we should sell it for.” So, we spoke with a couple of top agents in two different parts of the country to simplify it all for us. What goes into this process?

Agents 71

Agents Marketing Due diligence Sales 71

Realty Biz

MARCH 14, 2023

Use an Experienced Realtor and Attorney A real estate agent familiar with condo developments should know about issues local communities have and the likely resale values. Your real estate agent can help you get the condo docs and financial statements. If the condo development is FHA-approved, it will be easier to find a home loan.

FHA loan 83

FHA loan Due diligence Development Finance 83