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

HomeLight

Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves. What can go wrong on the buyer’s side at closing. Problem: There’s an issue with the Closing Disclosure.

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. So how can you avoid a delayed closing? What does delayed closing mean?

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The Ultimate Mortgage Loan Documents Checklist For First-Time Homebuyers

HomeLight

You’ll sign your loan application for the final time at closing. If you earn real estate income, your lender will expect to see it listed in your provided tax returns. If you just started earning real estate income and it’s not yet been taxed, then you may not be able to use it to qualify for a mortgage. Bankruptcy paperwork.

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21 Dos and Don’ts When Buying a Home

HomeLight

For example, it may be worth strategically paying down some of your debt or disputing any errors on your credit report before purchasing a home. Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Line up financing. Submit your documents promptly. Bank statements.