Remove Bankruptcy Remove Closing costs Remove Seller disclosure Remove Title search
article thumbnail

25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

In the case of mortgage wire fraud, scammers impersonate the title company and send fraudulent wiring instructions via email for buyers to wire their down payment and closing costs to. If that happens, your funds could go MIA just as you need them to close. Get it ASAP and look it over thoroughly.

Closing 104
article thumbnail

Here’s How You Can Make an Offer On a House Without a Realtor® in 9 Steps

HomeLight

Title contingency. During a home purchase, a title search is done to ensure that the seller is the property owner with full rights to sell. A title contingency allows the buyer to terminate the contract if the title search reveals any issues, such as a lien against the property. Zoning contingency.