Remove Bankruptcy Remove Finance Remove Title search
article thumbnail

How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

HomeLight

Many companies combine title and escrow services under one roof, as their functions are closely interrelated. Your agent can help you find a title company to handle the title search, and title insurance, which is always recommended. Title search: 3 days. Bankruptcy. Liens on the house.

article thumbnail

How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

A traditional home sale in which a seller lists with an agent and a buyer finances with a mortgage takes approximately 18-30 days to go under contract, plus an additional 30-45 days to closing. Buyer’s financing method. Buyer’s financing method. It’s going to take more time to sell to a buyer who finances with a mortgage.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Ultimate Mortgage Loan Documents Checklist For First-Time Homebuyers

HomeLight

They will also consider your current and previous debts that resulted in foreclosures or bankruptcies. Bankruptcy paperwork. If you’ve filed for Chapter 7 or 11 bankruptcy, you’ll need to observe a three- to four-year waiting period before being eligible to secure a mortgage. Bank statements. Car payments. Divorce decree.

Loans 105
article thumbnail

How to Clear a Tax Lien Against Your House So You Can Sell It

HomeLight

Tax liens are discoverable during a title search — even if the lien data isn’t an exact match. Tax liens will be discovered during a title examination. In Georgia, the liens can be found in the Georgia Property Records Search. But the IRS got their $17,500 in the end from the bankruptcy trustee.”.

article thumbnail

Preparing to Get Pre-Approved For a Mortgage

Realty Biz

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. Preparing Your Finances for Mortgage Pre-approval Preparing your finances is an essential step to getting pre-approved for a mortgage.

article thumbnail

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

Redfin

Financing issues. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. Clouds on the title. Before you can close the deal, you’ll need to make sure that the title is clear. Make sure the title company is ordering lien letters and ask to see them before closing.

Closing 63
article thumbnail

What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

Financing contingencies. Buyers who purchase their homes using a mortgage typically use financing contingencies , which give them time to apply for and receive the loan needed for the deal to go through. And if you can’t get financed for the house, you won’t still be obligated to buy it — a big benefit! Title contingencies.