Redfin

JANUARY 28, 2025

Assumable mortgages represent a unique opportunity in the right circumstances but require careful due diligence. Conventional loans on the other hand typically include a due-on-sale clause , which prevents them from being assumable. This Redfin article has everything you need to know before jumping in.

Loans

Redfin

AUGUST 5, 2025

For example, you may have to make a larger down payment or pay extra due diligence. These professionals can guide you through the process and be sure that you check all the boxes so the transaction is valid and legal. Financing options You’ll also need to weigh out your financing options.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

Certain properties may be necessary due to notable events, architectural value, or famous residents. Tips to Research the History of Your House Embarking on a house history search project can be exciting but requires careful research and investigation. They often provide searchable databases to streamline your search process.

Due diligence

HomeLight

FEBRUARY 20, 2025

Not all purchases are the same, and waiving an appraisal contingency without doing your due diligence first may cost you more money down the line. Title contingency: The sale of the home is contingent on the title search showing no issues or concerns. However, this approach can be risky. What is a contingency?

Inspection contingency

Rochester Real Estate

NOVEMBER 5, 2015

Quitclaim Deeds – What You Need To Know A quitclaim deed is a legal document that transfers property ownership without title guarantees. It is commonly used for specific situations such as transfers between family members, spousal transfers, divorce cases, trust transfers, and title corrections. What is a Quitclaim Deed?

Title

Housing Wire

MARCH 2, 2021

HousingWire: What are some due diligence and underwriting challenges loan originators face today? Steve Greenfield: Lenders have always faced certain challenges when meeting necessary due diligence and providing accurate underwriting services. With the pandemic, they can be even more difficult these days.

Title

Housing Wire

OCTOBER 29, 2020

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: How do Trelix services help users minimize risks and perform loan due diligence?

Due diligence

Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Title

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.

Lending

Realty Biz

DECEMBER 15, 2021

When you’re buying a home, you’ll need a title search so that you can get title insurance. Title searches can also reassure buyers, making sure there is a smaller chance of problems with the title later on. We will take a look at the things you need to know about a title search and how it works.

Title search

AAOA

MARCH 20, 2025

Due diligence is a critical step in purchasing real estate. This includes performing physical due diligence on the building, financial due diligence by reviewing financial records and all the paperwork, and legal due diligence to ensure everything is in order from a legal perspective.

Due diligence

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. This guide will navigate you through these complexities. Ask several vital questions before moving forward.

Land

HomeLight

JUNE 23, 2022

In this guide, we’ll outline the scenarios where you’re vulnerable as a seller, where you’re in the right to claim the earnest money due to the buyer failing to uphold their end of the contract, and what things you can do to protect yourself against the risk of a buyer pulling out at the last moment. What is earnest money?

Earnest money deposit

Realty Biz

OCTOBER 12, 2021

Real Estate agents refer to this as the due diligence period in real estate. Real Estate agents refer to this as the due diligence period in real estate. We offer you here all the valuable data to search your future home’s history in an easy and pleasant process. Where Does The Property History Search Start?

Due diligence

Realty Biz

JUNE 15, 2022

Performing due diligence is vital when purchasing a home. Things to Find Out Before Purchasing Land. It is even more crucial when buying a building lot. Buying land can be an exciting and profitable investment. However, it is important to ask questions and get advice before making a purchase. What to Ask Before Buying a Piece of Land.

Land

HomeLight

OCTOBER 30, 2020

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. If you’re looking to buy a home, you’ve probably heard that cash is kind of a big deal in real estate. But is the cash closing process always seamless?

Closing

HomeLight

DECEMBER 23, 2021

Perhaps the biggest myth is that the title to a home is an actual document stored in a drawer somewhere. So here’s a brief overview to keep the meanings straight when you buy or sell a home: Title is an abstract concept describing someone’s right to legal ownership and use of a property, including the right to sell it. Find Agent.

Title

Realty Biz

DECEMBER 8, 2022

The home will need to be appraised and a title search conducted. Getting a mortgage in the current conditions, where interest rates have risen quickly, hasn't made the situation any easier. While it might be more difficult to get a mortgage, it is, of course, still possible, but you might need to prepare more carefully.

Loans

Realty Biz

JUNE 4, 2023

The biggest business industry, real estate, is going digital at a rapid pace. Investors, brokerage firms, builders, and in fact, modern-day buyers or sellers, mostly millennials, prefer using online routes to manage and close transactions. This is where real estate digital data rooms come in handy. What is a virtual data room? Let's find out!

Due diligence

HomeLight

MAY 24, 2022

He speculates that this is likely due to “the competition we’re facing now. Everyone involved will need time to perform their due diligence. Many companies combine title and escrow services under one roof, as their functions are closely interrelated. Why pay cash for a home? Why does it take this long?

Purchase and sale agreement

HomeLight

APRIL 30, 2021

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. Because of the due diligence involved with issuing mortgages, it takes a lot longer to close on a home with one.

Due diligence

HomeLight

AUGUST 24, 2022

Do your due diligence. Disclaimer: A friendly reminder, information in this blog post is meant to be used for educational purposes only, not as a substitute for professional tax or legal advice. Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? Sell Your Home As-Is With a Competitive Cash Offer.

Purchase and sale agreement

HomeLight

JANUARY 5, 2022

Whether you have a mountain cabin, beach bungalow, ski slope condo, or beautiful home anywhere in the country, you’ve probably heard more than one visitor exclaim: “Wow! This place is gorgeous! If you ever decide to sell, please let me know.”. Well, that day has come. And, it turns out your friend is serious about buying your home. Find Agent.

Pre-approval

Point2Homes

DECEMBER 7, 2020

Image: Andy Dean Photography / Shutterstock.com. If your ability to afford the mortgage payments on the home you want to buy is causing you concern, buying a foreclosure home may make a lot of sense. Plus, it will also allow you to get more for your money — which could enable you to get to live in the neighborhood you really want.

Debt-to-income ratio

HomeLight

MARCH 22, 2022

I have some clients currently searching in the $200,000 range, and that seems to be a pretty modest budget, depending on location. There’s a house for everyone if you get creative in the searching process.”. North Carolina continues to stand out as a top destination for homebuyers. Real Estate. “I Source: (Gene Gallin / Unsplash).

Due diligence

Realty Biz

JUNE 20, 2023

However, it requires a sound strategy and due diligence to find the best deals. Buying an REO property often involves less risk than an auction, as you can inspect the property and clear any title issues. Foreclosures, in particular, offer a unique opportunity to purchase properties at below-market rates.

Due diligence

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.

Purchase and sale agreement

HomeLight

AUGUST 31, 2021

Clear title: The cash buyer will require a title search to make sure that you can convey the property free and clear of any clouds or judgments against the property, such as mechanic’s liens, unpaid taxes, or boundary encroachments. Plus, you’ll save money on things like commissions, repairs, and closing costs.”.

Proof of funds

Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer? What does Contingent Mean?

Backup offer

HomeLight

FEBRUARY 14, 2022

If you’ve heard of rent-to-own homes but haven’t given them much thought, you’d be forgiven for assuming that there must be a huge catch to make the whole thing work. Or, maybe the idea sounds so far-fetched you wonder if rent-to-own homes are even real in the first place — totally fair! Currently accepting new clients. Years of Experience.

Purchase and sale agreement

HomeLight

SEPTEMBER 13, 2022

Using one of these options is prudent when selling to a family member since controlled transactions are typically watched more closely by lenders and the IRS due to a higher risk of fraud. DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal or tax advice.

Purchase and sale agreement

The Close

JANUARY 21, 2025

Real estate wholesaling is a cost-effective way to start investing if you have limited funds and want fast returns without dealing with costly renovations or tenants. Its perfect for beginners, but learning how to wholesale real estate can get tricky with state legal regulations and complex contracts that demand careful consideration.

Investor

HomeLight

AUGUST 16, 2021

There are also tax auctions , wherein the IRS has seized a home due to unpaid property taxes and is now attempting to recover losses. There’s a nervous energy as the unmistakable sound of an auctioneer’s chant fills the air, punctuated by a firm, “Going once, going twice, SOLD!” Where do home auctions take place, and how do I find one?

Title

HomeLight

JUNE 18, 2021

Closing costs are a collection of fees related to buying a house, which are due on the official date of purchase (also known as closing). Many buyers tend to budget for their monthly mortgage payment and their down payment , but closing costs need to be considered in the equation as well. We’re going to find out. Source: (S O C I A L.

Closing costs

HomeLight

MAY 26, 2021

This due diligence protects the lender in case you default and they need to recover their costs. You’ll learn jargon you’ve never heard before, like earnest money , escrow, and title search. Now it’s all about preparing for your closing. But who pays for the appraisal? And what happens if your contract falls through?

Inspection

Realty Biz

FEBRUARY 1, 2024

Due Diligence and Research Buyer's agents are critical in guiding buyers through due diligence. Understanding the role of a buyer's agent is essential in facilitating smooth and successful property transactions. It allows you to get the most out of your buying experience. Let's dig in!

Agents

HomeLight

OCTOBER 5, 2020

If the home is being foreclosed on, it’s likely because the owner couldn’t make the loan payments — not just once, but typically for about 120 consecutive days, or four months in a row — whether due to overwhelming debt, job loss, medical payments, or other reasons. And if so, how much of a discount can you expect?

Due diligence