HomeLight

AUGUST 31, 2020

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. If your lien situation is simple and for a low dollar amount, you can probably resolve it with the help of your agent and a title company.

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Bankruptcy Equity Title Closing 93

Realty Biz

AUGUST 20, 2023

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.

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Pre-approval Debt-to-income ratio Mortgages Loans 94

HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Problems with the title. is not a simple or finite one.

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Closing Purchase and sale agreement Title search Earnest money deposit 108

Notorious ROB

JULY 11, 2022

One of my favorite economic and finance analysts is a green chicken. They’re funny, super insightful, and filled with insider knowledge about commodities, energy, manufacturing, and finance. This is what needed to have happened to global finance back in 2008, and we will hopefully see what creative destruction looks like.

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Investor Banks Finance Title 80

The Close

JUNE 22, 2023

Motivated Sellers The motivated seller category is the submarket where you will find homeowners who are facing financial distresses like bankruptcy, foreclosure, and job loss or relocation. This is commonly due to the condition of the property or potential title and legal issues. Consider the 2008 recession.

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Investor Debt-to-income ratio New Construction Construction 116

HomeLight

AUGUST 10, 2022

With 15 years in the business, Diamond Equity Investments say they’ll buy houses being sold for any reason such as bankruptcy or foreclosure, in any condition — even fire damage — and that have baggage like large liens, title issues, or low equity. Title search. Cash-for-homes companies often handle title issues.

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Closing costs Purchase and sale agreement Closing Staging 75

HomeLight

AUGUST 10, 2022

The company states that they regularly provide solutions for sellers in a pending foreclosure or facing bankruptcy and will buy houses in any condition, even requiring complete renovations. They’ll also take care of any necessary inspections and title work. Title search. Cash-for-homes companies often handle title issues.

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Closing costs Purchase and sale agreement Closing Inspection 75

HomeLight

JANUARY 25, 2023

In addition to providing cash-for-homes options, it also runs a broader homebuilding, financing, and real estate operation. The company also highlights that they work to help people avoid common problems through their home sale, including foreclosures, credit issues, and bankruptcy. Easy Homes 123 Website: easyhomes123.com/we-buy-houses-lakeland

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HomeLight

JULY 28, 2022

The owners, who have lived through a home fire and bankruptcy both, understand difficult situations and place their focus on people helped over properties turned. Title search. Cash-for-homes companies often handle title issues. Must clear title before you can sell home. Financing contingency. Agent commission.

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Closing costs Purchase and sale agreement Closing Staging 71

HomeLight

OCTOBER 22, 2021

In this market, we have got to look at probate, look at bankruptcy,” Moskowitz says. “We With typical listings, contingencies can be a way to get a seller to wait for you to secure your financing or sell your existing house. There can be legal entanglements with the title. We look at everything to get a house.”.

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HomeLight

OCTOBER 7, 2022

This can be helpful in the event that the property owner is going through bankruptcy or other financial struggles. An agent can assist you with finding a buyer who is willing to work with the terms of the trust, finding a title company willing to insure the property, and getting the property appraised for the correct value.

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HomeLight

AUGUST 16, 2021

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. Title documents. Bank statements.

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Loans Mortgages Bankruptcy Purchase and sale agreement 104

C4D Crew

DECEMBER 9, 2020

If you have a low credit score combined with some serious recent credit dings, conventional financing could be very difficult to obtain. Research all of the financing avenues that may be available to you. Contracts for deed have long been a financing option for property transactions between family members or friends.

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Finance VA loan Bankruptcy Loans 52

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. Secure title and escrow services: 1 day. Title search: 3 days. Unfortunately, not all title searches return a clear title.

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Purchase and sale agreement Closing Title search Title 102

HomeLight

JUNE 30, 2021

There are a number of factors to consider, and you’ll need to assess your finances and take your priorities into account. In some states, an attorney will oversee the closing of the sale instead of a title company; if you’re going it alone, regardless, it’s a good idea to think about hiring one. Financing contingency.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 79

HomeLight

JANUARY 13, 2022

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.

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 75

HomeLight

OCTOBER 29, 2020

That’s why financed offers come with appraisal contingencies — the loan can’t clear until the home has been appraised and the lender knows they’re not lending you too much for the home. It’s difficult to fully circumvent the appraisal process when financing is involved, but these numbers aren’t necessarily a dead end. Buyer financing.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 78

HomeLight

JUNE 16, 2023

When you go to sell your home, you’ll need to pay off the new mortgage in full before you can transfer the title to your buyer. For borrowers in dire financial straits, bankruptcy can be an option. In many cases, bankruptcy wipes out unsecured debt but only delays foreclosure if you’ve fallen behind on your mortgage.

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Fixed-rate mortgage Equity Debt-to-income ratio Loans 60

HomeLight

MARCH 16, 2023

Investors offer alternatives to foreclosure and bankruptcy About 60% of sellers who contact Ramcharitar are behind on their mortgage payments. While some homeowners opt for foreclosure in a distressed situation, others decide to declare bankruptcy.

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Sales Purchase and sale agreement Earnest money deposit Investor 64

HomeLight

JUNE 30, 2022

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Line up financing. It’s important to line up financing well in advance of when you want to start making offers. So you want to buy a house, but how are you going to pay for it? Shop around for homeowners insurance.

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Purchase and sale agreement Inspection Earnest money deposit Closing costs 71

HomeLight

MAY 23, 2022

If the property is the subject of any lawsuits, foreclosures, bankruptcy, leases or rental agreements, judgments, tax liens, proposed assessments, or other liens or notices that could affect title to the property. Whether the house is subject to regulation by a homeowners’ association. Exceptions.

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As-is Purchase and sale agreement VA loan Inspection 83

HomeLight

APRIL 26, 2022

Professionals with this training typically have a background in accounting, finance, or matrimonial law, rather than real estate. Agents who study the master course facilitated by the Ilumni Institute earn the title of Certified Divorce Real Estate Expert (CDRE). A cash offer may be a good option to sell your home during a divorce.

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HomeLight

JULY 31, 2021

Brian Martucci , a personal finance expert for Money Crashers , says that cash buyers tend to target the types of properties and sellers that reinforce the inherent advantages of their strategy. A 10-day closing translates as getting your home sold around five times faster than with a buyer who needs financing in today’s market.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

Notorious ROB

JUNE 12, 2022

Here’s TechCrunch with an article titled, “ This is not (just) another roundup of tech layoffs “: After a month that saw nearly 16,000 tech workers lose their jobs, June is off to a similar tumultuous start. . Now, said zombie company is really dead and enters bankruptcy proceedings. Layoffs are all but inevitable.

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Investor Banks Bankruptcy Equity 86

Toronto Realty Blog

DECEMBER 19, 2023

I also go back through the year’s blog posts to see which themes were discussed the most, compiling a list of blog titles and categorizing them for reference. And this post was also a Google darling, probably because of the question being asked in the title. I could write another thousand words on this topic, I swear!

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Housing Wire

MAY 25, 2022

The most affordable manufactured homes are financed with private loans with higher interest rates, shorter terms and fewer consumer protections than mortgage loans. The homes financed by these loans come without land, like a car, and the homeowner typically rents the land beneath their home. That means the 17.5

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Finance FHA loan Loans Bankruptcy 363

Marco Santarelli

SEPTEMBER 7, 2021

Buy or secure title to land. The ability to see creative financing is critical, even more so in today's market. However, you need to take care to avoid mistakes that cause so many dreams of getting rich investing in property turning into nightmares in bankruptcy court. It's important to know all of your options.

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Investor Bankruptcy Renovation Industrial 111

Housing Wire

OCTOBER 10, 2023

“I think folks tend to get creative and take a bit more risk than they might be willing to take in a market where rates are lower,” Holly Bunting, a partner at Mayer Brown in the areas of residential mortgage banking and consumer finance, said in an interview. For lenders and brokerages, the risks of LOs or agents overstepping are high.

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Realtor.com

MARCH 24, 2021

For now, Fairbanks and her family remain in the house while she fights in court to salvage her home, arguing that a bankruptcy filing she made in the days after the foreclosure auction should have halted the transfer of the title to the new owner pending a court review. A judge in U.S. An appeal is pending. “The Democratic Sens.

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As-is Mortgages Purchase and sale agreement Bankruptcy 85