Housing Wire

MARCH 29, 2021

Qualia announced Monday a new integration with title automation company DataTrace , giving Qualia Marketplace users direct access to DataTrace products and services without leaving the platform. DataTrace provides title search and automation solutions to the title and settlement service industries.

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Housing Wire

JANUARY 19, 2023

Title insurance is one such proven product with a long history of protecting homeowners’ right to property. According to economist Hernando de Soto, the author of The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else , title insurance is the key to unlocking wealth in America.

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Housing Wire

MAY 27, 2021

SoftPro has named title and escrow veteran Gorkem Kuterdem its new chief technology officer, the company announced Thursday. Kuterdem has more than 15 years of experience specific to the title industry, previously serving as senior vice president for strategy at Adeptive Software and former CTO for WFG National Title Insurance Co.

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Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. This is a top priority for ALTA.”. In some ways it could cost them more.

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Housing Wire

OCTOBER 29, 2020

We offer a span of comprehensive product options throughout the entire loan lifecycle and help manage loans from start to finish, including title searches, processing, underwriting, closing and disposing of them and even take them into the post-closing and servicing process. Security is a major priority for us too.

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Realty Biz

FEBRUARY 19, 2024

I have helped developers build and sell entire subdivisions from the ground up. Can you imagine buying a lot only to discover it has crept too close to the neighboring lot line? Understanding how big an acre is will be a good start for what you need for land. I have sold small building lots to large parcels of land.

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Housing Wire

MARCH 27, 2023

Fannie Mae and Freddie Mac, which have been in conservatorship since 2008, have long required title insurance policies on loans they purchase from lenders. This is because title insurance provides the most comprehensive protection of property rights. Title insurance is regulated at the state level.

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Housing Wire

MARCH 28, 2024

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. When asked why it takes an average of six to seven weeks to get to closing , there are a lot of complex (and honest) answers. But there’s also room for improvement.

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Housing Wire

MARCH 23, 2021

In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements. Wherever there is commerce, there will be fraud, and the mortgage industry is no exception.

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Housing Wire

FEBRUARY 28, 2022

The title insurance industry is built on service. So, what happens when it becomes much more difficult for title agents to find, recruit and hire the skilled labor so necessary to their core functions? That development could present serious challenges. We will soon find out.

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Housing Wire

NOVEMBER 22, 2023

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. When asked why it takes an average of six to seven weeks to get to closing, there are a lot of complex (and honest) answers. But there’s also room for improvement.

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Realtor.com

NOVEMBER 28, 2022

closing costs , points , origination fees, and private mortgage insurance ). closing costs , points , origination fees, and private mortgage insurance ). There are some costs that aren’t usually calculated into APR, including the home appraisal, title search, title insurance , credit report , and transfer taxes.

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Realty Biz

SEPTEMBER 14, 2023

Some of their key responsibilities include: Reviewing and preparing legal documents Ensuring the clarity of title and title insurance Facilitating the transfer of funds Resolving legal disputes Importance of Hiring a Real Estate Attorney Hiring a real estate attorney is crucial to protecting a buyer's interests.

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Realtor.com

JANUARY 25, 2022

Department of Agriculture and backed by the agency’s Rural Development Guaranteed Housing Loan Program, these loans help buyers with moderate or low income purchase property outside cities. Odds are, you’ve heard that the housing market is blazingly hot right now. According to the latest research by Realtor.com®, is $375,000.

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Real Trends

DECEMBER 27, 2022

With a little bit of informed vigilance, you will be able to increase your rate of successful closes. Keep reading to learn about the reasons a deal is starting to slip and the warning signs that a deal will never close. At the time of closing, both parties agree to sign all necessary documents. Reasons your deal may slip: 1.

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Realtor.com

JANUARY 2, 2023

Plus, title companies that work with builders tend to do “batch” title searches on the new parcels in a community all at once. This helps an urgent buyer get to the closing table faster. It will take too long. New construction homes are more expensive. It’s harder to finance a new-construction home.

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Housing Wire

DECEMBER 27, 2023

“I always joke that we work in an industry that literally researches the past, and because of that, sometimes, I feel like our marketing, sales, and technology live there too,” Sam Trimble, vice president of strategic growth and development at Fidelity National Financial , said. It really is limitless.”

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HomeLight

AUGUST 31, 2021

Again, the timeline varies by state, but this typically begins three to six months after the first missed payment , according to the Department of Housing and Urban Development (HUD). You’re reading through a new MLS listing, and you believe you found your ideal home. Undoubtedly your mind starts racing, “What does that mean?

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Redfin

JUNE 14, 2023

We’ve gathered market insights on several highly sought-after cities in North Carolina to start you on your home search. The city’s diverse neighborhoods offer a range of affordable suburbs , from historic districts like Fisher Park to modern developments in the suburbs. What’s it like to live in North Carolina?

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Windemere Buying

NOVEMBER 1, 2021

PMI and its various alternatives can help close the gap and provide a path to homeownership. Closing Costs Before your home purchase is a done deal, you can expect to pay closing costs, which usually total somewhere between 2-5% of the total mortgage value. 10 Costs Associated with Buying a Home 1.

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HomeLight

MAY 26, 2021

Now it’s all about preparing for your closing. That means that between the time your offer is accepted and the day you close on your home, you and your lender will be in frequent contact as they review your finances and prepare your loan. One piece of information your lender will look at closely is the home appraisal.

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HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs? Although the down payment is not part of your closing costs, it is typically due at the same time.

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HomeLight

FEBRUARY 27, 2021

So, it’s ultimately the buyer who brings the necessary funds to pay agent commissions to the closing table. According to HomeLight’s transaction data analysis, the national average real estate agent commission rate is 5.8% of the final home sale price. So, who pays for real estate agent commission? There are a couple of rare exceptions.

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HomeLight

AUGUST 24, 2022

Get an offer in as few as 48 hours and close in as little as 10 days. We Buy Houses companies in New Jersey typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days. If you accept the offer, you’ll both sign a contract and the closing process will begin. Request Offer.

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HomeLight

FEBRUARY 17, 2023

Receive your offer within a week and close in as little as 10 days. Request Offer Working with house-buying companies in Tampa Bay We Buy Houses companies in Tampa Bay typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days.

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HomeLight

JANUARY 25, 2023

Receive your offer within a week and close in as little as 10 days. Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Lakeland, FL, area “we buy houses” companies do not constitute an endorsement. No showings, no repairs, no open houses.

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HomeLight

JANUARY 29, 2021

Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. Closing costs without a Realtor®.

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HomeLight

MAY 28, 2021

You think it’s almost too good to be true when you see one crucial caveat: It’s selling “as-is.” Red flags pop immediately into your head; you assume that can only be a nightmare. But, while it’s true some as-is homes require work only a contractor would dream of taking on, there can be more to these properties than meets the eyes.

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HomeLight

MARCH 6, 2023

The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more.

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HomeLight

MARCH 2, 2023

People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs. Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well.

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Toronto Realty Blog

APRIL 25, 2022

How about the government driving up the prices with all their taxes and development charges, is that it? Everybody and their mother want to talk about “blind bidding” but many of those people aren’t interested in a discussion. At least, not a two-way discussion. Many people already have their minds made up!

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HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. The benefit of cash offers for sellers is that these deals tend to close faster and have fewer risks , ” she explains. “The The benefit of cash offers for sellers is that these deals tend to close faster and have fewer risks , ” she explains.

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HomeLight

JUNE 19, 2023

If you know for certain you want to buy land, but don’t have any specific property in mind yet, try doing an online search. LandWatch is a free online resource you can use to search for rural properties and land for sale. They’re rules and regulations that local governments use to control how property is developed.

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HomeLight

MARCH 17, 2021

It takes a lot of planning and preparation, possibly even some soul-searching, to decide what’s the right move in your situation. The nav system also tells you how long it will take, so planning out your road trip is easy. After all, how can you know how long it takes to buy a house, and what do you have to keep in mind?

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HomeLight

MAY 27, 2021

You’ll also need money for other costs that come with buying a home, from paying for a home inspection to covering the various fees you’ll be charged at closing. Average closing costs in 2020 were $6,087, including prepaid taxes, according to ClosingCorp data. Source: (Matthew Henry / Burst). Step 1: Prepare your finances.

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HomeLight

AUGUST 31, 2021

It’s the moment when you can’t bear to see another piece of paper related to your home sale that you’ll receive the settlement statement — also known as a closing statement in real estate. Sellers can expect to pay between 6%-10% of the final sale price in commissions and closing costs, so it’s nice to see exactly where that money is going.

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HomeLight

JUNE 9, 2023

As someone who has never bought a home before (but dreams of doing so one day soon!), you probably already know you’ll need a down payment , and to talk with a loan officer and real estate agent at some point. But you have more questions: “When does the inspection happen? What’s the deal with earnest money ?

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