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

Redfin

A home appraisal provides the fair market value of a property and is typically required by your mortgage lender. It’s used to determine how much you can borrow and assures the lender that they aren’t lending more than what the home is worth. Clouds on the title. ” 5.

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

HomeLight

That likely went right to your lender, so ask to get a copy from either them or directly from the title company. 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.

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