Banks, Debt-to-income ratio, Due diligence and Short sale

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Banks

Debt-to-income ratio

Due diligence

Short sale

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

DECEMBER 29, 2022

This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. This allows the borrower to avoid personal liability for the remaining unpaid debt. Debt-to-income ratio (DTI). Due diligence period. What if your clients are asking about their due diligence period?

Purchase and sale agreement

Purchase and sale agreement Title Proof of funds Pre-approval

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

HomeLight

JULY 29, 2022

This can radically alter their debt-to-income ratio and jeopardize the whole deal. Otherwise, you can arrange for a wire or bank transfer of funds that gets to the closing agent early (most likely via the title company). We do all the due diligence upfront,” he says. Problem: You lost your job.

Closing

Closing Purchase and sale agreement Title Home sale contingency

Residential Realty Today

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

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

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