HomeLight

OCTOBER 27, 2020

The lender could also request additional documents if you have special circumstances, such as a past foreclosure or bankruptcy. They’ll perform the same due diligence on your documents as they would during underwriting the actual loan. “It Bank statements. Retirement or brokerage account statements.

Pre-approval 104

Pre-approval Due diligence Loans Bankruptcy 104

HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. The title company could find past due property taxes or assessments, a lien from an unpaid contractor, or unpaid homeowners association dues. Bankruptcy. What if the seller has declared bankruptcy? Why does it take this long?

Purchase and sale agreement 105

Purchase and sale agreement Closing Title search Title 105

HomeLight

DECEMBER 23, 2021

A title company or real estate lawyer will conduct what’s called a title search as a step in the due diligence period of a home purchase. Before a buyer can take title to a house, the seller must clear title, or in other words prove that the title is free of issues such as liens, judgments, or bankruptcies. Bankruptcy filings.

Title 109

Title Title search Bankruptcy Due diligence 109

HomeLight

OCTOBER 29, 2020

Claims most often arise from family disputes or divorce proceedings, while property liens can be tied to debts owed to contractors, unpaid taxes, bankruptcy, and more. Buyers have to be willing to move forward with their due diligence right away,” says Lagrois. Zoning and land use contingencies.

Purchase and sale agreement 79

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 79

HomeLight

AUGUST 16, 2021

It could be an IRS lien, an HOA lien, taxes, probate, divorce, bankruptcy, pre-foreclosure. So you have to do your due diligence and make sure that you are inspecting the property, that you really know what the history looks like. Many of them are gonna come back and say, “Oh, I’m in bankruptcy.

Marketing 75

Marketing Short sale Bankruptcy Banks 75

HomeLight

JULY 31, 2021

Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. The next step is to “ clear title ,” a process that shows the house is free of any liens, judgments, or bankruptcies that would prevent the transfer of ownership. Put a voice to a name.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

JULY 29, 2022

There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says. We do all the due diligence upfront,” he says. Get it ASAP and look it over thoroughly.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

Redfin

MARCH 3, 2022

To avoid potential issues or delays, Western Title Company recommends informing your title or settlement agent of any IRS tax liens or bankruptcies that involve the seller or the property. Once the seller has received the preliminary title report, they should address any issues as soon as possible. How to remedy the situation.

Closing 62

Closing Title search Purchase and sale agreement Title 62

HomeLight

JULY 12, 2022

If your family or property has become locally famous or infamous or even if you’re going through a bankruptcy or divorce , selling to an online quote company assures only real estate professionals enter the property and keeps curious onlookers out. There will be no for-sale signs in the yard or public showings.

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Purchase and sale agreement Investor Equity Closing 84

Marco Santarelli

SEPTEMBER 6, 2020

If they are sued or go into bankruptcy, you’re joined at the hip as their business partner. If ever that company files for bankruptcy, they have to settle their liabilities first before anything else. Know that this requires doing your due diligence and drafting the right legal documents to protect your investment.

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Lending Loans Investor Branding 135