Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies. The bill is being considered in several states nationwide.

Title 441

Title Industrial Purchase and sale agreement Title search 441

CT Homes

JULY 6, 2020

In this post, we’ll cover the main contingencies lender-financed offers typically have, and what the main drawbacks of such offers are. The most common contingency issue when dealing with “financed” buyers is getting final mortgage approval with the buyer’s lender. Financing Obstacles. Closing Peri od.

Finance 110

Finance Inspection Title search Loans 110

HomeLight

JANUARY 17, 2024

Here are some common reasons why you might decide to back out of a home purchase: Your loan financing fell through: It’s not uncommon for a mortgage loan to be initially approved but later denied due to changes in your financial situation or lending policies. But what’s the real meaning of backing out of a home purchase?

Purchase and sale agreement 92

Purchase and sale agreement Debt-to-income ratio Title search Finance 92

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Unlike purchasing a ready-made home, it offers the flexibility to design and build according to personal or business needs. This guide will navigate you through these complexities.

Land 126

Land Due diligence Title search Finance 126

Housing Wire

JUNE 24, 2021

Jeremy Wohlford will be the company’s new title examiner. Colliver began her career as a title examiner and manager in the title industry with Fidelity Title. Since 2000, TitleWave has delivered more than 6 million title search reports to over 12,000 customers, the company said.

Title 266

Title Title search Closing Technology 266

Housing Wire

JUNE 8, 2023

“The title I have used to frame this discussion for the past few months is ‘storm warning or calm seas?’” Is this a big deal or not a big deal for those of use in the title industry and the real estate industry generally?” Many in the title industry would argue that Fannie Mae ’s acceptance of AOLs is a big deal.

Title 279

Title VA loan Title search Commercial 279

Housing Wire

MAY 17, 2023

Utilizing automated valuation models instead of full-blown appraisals or title searches in lieu of title policies makes loan production less expensive and more rapid,” according to the report. “If Tappable home equity is expected to decrease to a forecasted $18.1 trillion as of the fourth quarter of 2023 from an expected $19.4

Equity 316

Equity Lending Title search Title 316

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.

Title 287

Title Closing costs Title search Closing 287

RIS Media

APRIL 8, 2022

Finances falling through. Since most homes are financed, and financing isn’t guaranteed until a buyer has signed the dotted line, failure to secure funds can put a home back up for sale. While financing may be pre-approved, the process is complex. The title search reveals issues. Contingent meaning.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

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.

Title 267

Title Title search Banks Land 267

Housing Wire

DECEMBER 27, 2023

The title industry has worked hard over the last few years to shed that reputation. It has begun to adopt and integrate more and more technology into the title search and production process. While many in title are optimistic about the advances AI could help the industry make, there are certainly some concerns.

Title 397

Title Industrial Title search Technology 397

HomeLight

MAY 28, 2021

A seller may lack the resources or finances to complete repairs at the moment and doesn’t want to have that contingency to sell the home. 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.

As-is 67

As-is Inspection Title search Inspection contingency 67

Norada Real Estate

APRIL 15, 2023

Additionally, the type of financing being used, such as FHA or VA loans, can also impact the length of the under-contract period. Financing Contingency Another factor that can impact the length of the under-contract period is the financing contingency. But how long can a house be under contract?

Earnest money deposit 96

Earnest money deposit Inspection contingency Title search Inspection 96

Housing Wire

AUGUST 30, 2021

A shift in household economics strained finances, so lower interest rates and cash-outs became attractive. Title is the key to unlocking the transaction slowdown. While much innovation has been focused on the upstream, consumer-facing processes, one of the industry’s largest transactional quagmires – title – remains largely untouched.

Title 371

Title Title search Technology Closing 371

Housing Wire

DECEMBER 26, 2022

Many in the title insurance industry reported record years in 2021, but while experts were predicting things to slow down in 2022, the suddenness at which the market cooled was unexpected, or as Jodi Ketchersid, a Destin, Florida-based Corcoran Group agent said: “It was like, ‘Holy cow! What happened to the market?’”.

Title 461

Title Industrial Closing costs Closing 461

Realty Biz

JULY 1, 2023

Navigating the escrow process is a critical aspect of home buying, ensuring a secure and smooth transaction for both buyers and sellers. Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. Selling your home can be a bumpy journey.

Purchase and sale agreement 75

Purchase and sale agreement Earnest money deposit Title search Pre-approval 75

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. With a mortgage, there are all kinds of things that can go wrong to delay closing — financing issues and appraisals coming in low are two of the most common. Financing issues. Why do sellers love cash so much?

Closing 107

Closing Inspection contingency Title search Purchase and sale agreement 107

Rent, Buy & Sell

JANUARY 20, 2023

Before You Buy: Be Honest About Your Finances The question isn’t really how low can prices go during a recession. Understanding how solid your finances are is just as important during a recession as finding a good deal on real estate. These searches are important because they verify that the home’s title has no issues.

Title search 59

Title search Short sale Title Fixed-rate mortgage 59

Realty Biz

DECEMBER 8, 2022

Here are all of the steps to consider in order to get financing for a home purchase. Your debt-to-income ratio is an important consideration when lenders look at your finances. But whatever your DTI ratio, you should try to ensure you do not commit to a mortgage that over-restricts your finances. How to Get a Mortgage.

Loans 132

Loans Debt-to-income ratio Due diligence Title search 132

Point2Homes

NOVEMBER 16, 2022

They’ll have access to even more search tools and can guide you through the entire process. Secure Financing. But unless you plan to pay cash, you’ll likely need to secure financing. and Canada, you’ll find various financing options: Canada. Owner financing : The seller can also offer to finance the purchase.

Land 98

Land Title search Inspection Finance 98

HomeLight

JUNE 23, 2022

It is usually held in the broker’s or title company’s trust or escrow account until closing. DISCLAIMER: This blog post is meant to be used for informational purposes only, not legal advice. What is earnest money? Earnest money is often referred to as a “good faith” deposit. The typical amount is around 1% of the purchase price (ex. $5k

Earnest money deposit 104

Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 104

HomeLight

MAY 24, 2022

Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. Many companies combine title and escrow services under one roof, as their functions are closely interrelated. Why pay cash for a home?

Purchase and sale agreement 99

Purchase and sale agreement Closing Title search Title 99

Point2Homes

JUNE 4, 2021

The easiest way to assess the property’s condition is to visit and take a look at the exterior , searching for any signs of damage, squatting, etc. It’s also essential to run a title search on the property. Also, it’s very rare that you’ll be able to take out a mortgage to finance an auction property. Establish a Budget.

Title search 96

Title search Title Inspection Short sale 96

HomeLight

JULY 25, 2023

Sell Your House for Cash: Request an Offer Today HomeLight provides you with a convenient, no-obligation all-cash offer to buy your home, on your timeline. No repairs, no staging, no showings — and close in as little as 10 days. Request Offer However, selling a house for cash also usually means leaving some extra money on the table.

Title search 78

Title search Staging Closing costs Title 78

Realty Biz

JANUARY 9, 2024

Selling your first home can be an exciting yet overwhelming experience. As a first-time home seller, you'll want to navigate the process smoothly, maximize your profit, and minimize stress. To help you achieve these goals, we have compiled a list of essential tips that will guide you through the process. It is no longer a robust seller's market.

Purchase and sale agreement 96

Purchase and sale agreement Earnest money deposit Title search Title 96

RIS Media

JANUARY 18, 2022

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. Common contingencies relate to a home inspection and financing, but there may be others.

Debt-to-income ratio 86

Debt-to-income ratio Sales Title search Finance 86

HomeLight

AUGUST 24, 2022

However, this buyer needs a mortgage to finance the deal, and that can take months. 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. Good news: Housing in the Sunshine State couldn’t be a hotter commodity.

Purchase and sale agreement 100

Purchase and sale agreement Title search Proof of funds Title 100

Realtor.com

NOVEMBER 28, 2022

There are some costs that aren’t usually calculated into APR, including the home appraisal, title search, title insurance , credit report , and transfer taxes. That said, the appraisal, credit report, title search, and title insurance should normally be fairly minor costs when compared with the cost of the loan.

Closing costs 122

Closing costs Title search Fixed-rate mortgage Loans 122

Realty Biz

APRIL 8, 2024

Answer: Assess your finances to understand what you can afford. Answer: Closing costs are fees for finalizing the mortgage, including appraisal fees, title insurance, and more. They are the costs of obtaining a home mortgage, including title search, origination fees, municipal lien certificate, legal fees, recording fees, and more.

Pre-qualification 57

Pre-qualification Pre-approval Closing costs FHA loan 57

Realty Biz

JUNE 20, 2023

Researching Foreclosures Start your search by understanding the real estate market in your area. Buying an REO property often involves less risk than an auction, as you can inspect the property and clear any title issues. You want a property with a clean title, or at least an understanding of what you're taking on.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

Lighter Side of Real Estate

SEPTEMBER 11, 2020

In reality, there is plenty of work to be done after an accepted offer, including the purchase and sale agreement, financing, inspections, title search, and taking care of anything else that might go awry. If only buying and selling houses were as easy “as seen on TV”! The people you see on TV are the exception to the rule.

Purchase and sale agreement 145

Purchase and sale agreement Title search Staging Renovation 145

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 99

Purchase and sale agreement Title search Title Due diligence 99

Marco Santarelli

APRIL 19, 2024

Title Search and Insurance: Fees to ensure the property's title is clear and to protect you from ownership claims. Unexpected issues, like a leaky roof or a failing appliance, can wreak havoc on your finances if you're not prepared. Think of them as a not-so-small down payment you weren't expecting.

Mortgages 52

Mortgages Closing costs Title search Title 52

Realty Biz

AUGUST 20, 2023

It gives you a clear understanding of your budget and helps you make informed decisions when searching for properties. By understanding the ins and outs of mortgage pre-approval, you will be better equipped to navigate the home-buying process and make informed decisions regarding your budget and financing options.

Pre-approval 93

Pre-approval Debt-to-income ratio Mortgages Loans 93

HomeLight

MARCH 9, 2022

This step is commonly referred to as a title search , title review, or property history search — but by any name, it involves delving into the formal records of a home and the property on which it sits. But what really goes on during a property history search? A title search is very important.

Title search 90

Title search Title Homeowner’s association Land 90

Realtor.com

OCTOBER 29, 2020

Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Clear the title.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

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 101

Pre-approval Purchase and sale agreement Title search Title 101