HomeLight

JULY 31, 2020

There are many issues that can arise from a title search on a home for sale — some small, some big — that must be addressed before the property can be legally transferred to the new owner. Minimizing clouds in a title search requires the seller to be proactive. Dodge move. Image Source: (Shutterstock.com/Ryan R Fox).

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Closing Purchase and sale agreement Title search Earnest money deposit 116

Realty Biz

AUGUST 20, 2023

When evaluating your pre-approval application, lenders consider previous delinquencies, bankruptcies, and foreclosures. Your loan approval will depend on property appraisal, title search, and final underwriting. This can significantly improve your chances of securing a favorable pre-approval with competitive terms.

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

HomeLight

NOVEMBER 9, 2021

A title search can take up to 14 days. All home loans (and all legal home sales, for that matter) are dependent on a clear title. A title company or attorney performs a title search to verify that the home belongs to the seller and there are no judgments, bankruptcies, or liens against the home.

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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. 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.”.

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HomeLight

DECEMBER 23, 2021

Essentially, title and deed are both related to the important question of who truly owns a particular piece of real estate and has the rights to it. Let’s take a deeper look at what a house title is; the different types of deeds used in real estate; and related terms including chain of title, title search, title insurance, and title abstract.

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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. Bank statements. Car payments. Divorce decree.

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Loans Mortgages Bankruptcy Purchase and sale agreement 104

HomeLight

MAY 24, 2022

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.

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Purchase and sale agreement Closing Title search Title 109

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 90

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. Title search. Cash-for-homes companies often handle title issues. Must clear title before you can sell home.

Closing costs 90

Closing costs Purchase and sale agreement Closing Inspection 90

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. 10 to 25 showings average.

Closing costs 86

Closing costs Purchase and sale agreement Closing Staging 86

HomeLight

JANUARY 25, 2023

The company also highlights that they work to help people avoid common problems through their home sale, including foreclosures, credit issues, and bankruptcy. According to their website, they can provide cash and close on your home in two or three days. Reviews: Easy Homes 123 has been BBB accredited since 2012.

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Purchase and sale agreement Closing costs Closing Agents 87

HomeLight

JUNE 30, 2021

Title contingency. During a home purchase, a title search is done to ensure that the seller is the property owner with full rights to sell. A title contingency allows the buyer to terminate the contract if the title search reveals any issues, such as a lien against the property. Zoning contingency.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 93

HomeLight

OCTOBER 29, 2020

Review the detailed settlement document provided by the closing attorney and you’ll see a line item for a property title search. If a title search reveals any claims to or liens against the property, the transaction will be delayed until it can be resolved. Zoning and land use contingencies.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 80

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. There’s not much difference other than a quicker timeline and an easier transaction.

Sales 77

Sales Purchase and sale agreement Earnest money deposit Investor 77

HomeLight

JANUARY 13, 2022

Title contingencies. A title is the legal right to own a property. A title search reveals who has owned the home in the past and in the present, and whether there are any recorded liens, claims, or judgments made against the home. Title contingencies cannot be waived. Source: (Melody Ayres-Griffiths / Unsplash).

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HomeLight

JULY 29, 2022

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.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

JULY 31, 2021

Once you’ve accepted an offer and entered into a purchase contract, the buyer will turn the contract over to the title or escrow company. 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.

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