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.

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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?

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Realty Biz

NOVEMBER 4, 2021

Due Diligence and Safety Are Vital. Finding who the owner of a house is and clarifying whether this property is clear of all financial burdens are an important part of the due diligence process before the actual purchase of the property. Are you in the process of looking for a home in a tight real estate market?

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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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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.

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Realty Biz

SEPTEMBER 25, 2023

Risk mitigation: By conducting thorough due diligence, a real estate attorney can identify potential risks and help you make informed decisions, minimizing the chances of future legal complications. Are you looking for a real estate lawyer? These legal professionals specialize in real estate transactions, protecting your interests.

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Realty Biz

OCTOBER 26, 2022

Sometimes it can be very challenging to find abandoned properties. We are going to take a look at how to find abandoned houses to purchase and how to verify if it is in fact a property with a disinterested owner. What is an Abandoned House? An abandoned home is a property that is no longer lived in by the original owners.

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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.

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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.

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Redfin

MARCH 3, 2022

Sometimes when a homebuyer wants to close on the home as quickly as possible, it can lead to unrealistic contract dates. However, there are often unpredictable roadblocks that can arise during the closing process that will push back your closing and keep you from meeting your deadlines. There’s no judgment here as we’ve seen it all.

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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?

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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?

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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.

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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?

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Housing Wire

APRIL 30, 2024

Additionally, the CFPB has shortsightedly questioned the benefits and cost of title insurance. It’s uncertain whether federal regulators are purposefully misleading Americans about the potential savings or just don’t understand how title insurance works. Title insurance is significantly different from other lines of insurance.

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Housing Wire

MARCH 28, 2024

Unfortunately, one of the proposals the President mentioned in the SOTU was to revive a previously discredited and shelved pilot program that would waive the requirement for lender’s title insurance on certain refinances by Fannie Mae. In 2022, the industry paid more than $596.1 million in claims. This is up from $474.4

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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?

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HomeLight

DECEMBER 31, 2020

What does “sale pending” mean? The sale pending period is one of three listing phases that your home will go through. The first is the active period, when your home is listed as available for sale in your local MLS. The final status is sold, which means that the deal is complete and the home is now the property of new owners.

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HomeLight

MAY 28, 2021

However, it’s vital to do your due diligence before buying a home as-is to protect yourself or you might just end up wasting your investment on a money pit. 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.

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HomeLight

APRIL 11, 2023

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Santa Barbara area “we buy houses” companies should not be considered an endorsement. HomeLight always recommends doing your own research to determine which selling option is best for your situation.

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Redfin

APRIL 13, 2022

You can also do a title search, by going through a title company , to ensure there are no extraneous liens on the property and that you’re working with the actual owner of the property deed, and that the property taxes are up to date. . As a renter, you’ve probably heard of “rent-to-own homes” or maybe “rent-to-own programs.”

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HomeLight

AUGUST 24, 2022

Disclaimer : This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. HomeLight always recommends doing your own research to determine which selling option is best for your situation. Request Offer.

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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.

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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!

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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?

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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.

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HomeLight

MARCH 13, 2023

Looking for cash home buyers in Orlando? Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Need to Sell Your House Fast in Orlando? Receive your offer within a week and close in as little as 10 days. million people by 2030.

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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.

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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.

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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).

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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?

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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.”.

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Realty Biz

JANUARY 10, 2021

You may have to pay for a credit check, a recording fee, as well as title searches, and insurance as well. What is a Reverse Mortgage? Are you wondering if a reverse mortgage might be right for your present circumstances? But what are reverse mortgages, and how does it work? This could be because of death or selling the home.

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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.

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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?

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HomeLight

JULY 26, 2022

You’re driving around a neighborhood you love, and then up there in the distance, you see a sign in a yard. Is it a yard sale? A political sign? A contractor’s information? No…it’s a for sale sign!!! But this sign looks different from the real estate agent signs you usually see and it lists the homeowner’s contact information. What is a FSBO home?

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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. No one daydreams about filling out mortgage applications, and the process is complicated because you have to keep track of so many details and make so many choices. Source: (Matthew Henry / Burst). Step 1: Prepare your finances.

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