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Why lenders should be asking for a title check at loan application

Housing Wire

Peter Richter: The concept of “instant title” means delivering a title commitment “instantly” upon ordering title insurance. Unfortunately, that “instant” title commitment itself does not inherently equate to a faster close, as my colleague Matt Regan outlined in his recent article.

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Can AI launch the title industry into the future in 2024?

Housing Wire

With its four largest firms all at least 100 years old, the title insurance industry has a bit of a reputation for being antiquated and technology averse. “I The title industry has worked hard over the last few years to shed that reputation. Not only did it take a lot of time, but it cost a lot of money.

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Top Tips and Considerations For Buying Land

Realty Biz

Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Can you imagine buying a lot only to discover it has crept too close to the neighboring lot line? The real estate attorney you are using should conduct a title search to ensure no liens against the property.

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Can You Put an Offer on a House That’s Contingent?

RIS Media

Real estate listings go through different stages. Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . The title search reveals issues. The title needs to be clean. Contingent meaning.

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Best Methods For Quickly Selling Your Home

Realty Biz

Additionally, understanding the closing process and utilizing additional resources and tools can streamline the sale. By enhancing the curb appeal, making necessary repairs and improvements, and staging your home for maximum impact , you can attract potential buyers and increase the chances of a swift sale.

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Heads Up Seller: You’re on the Hook for Paying Both Real Estate Agents’ Commission

HomeLight

So, it’s ultimately the buyer who brings the necessary funds to pay agent commissions to the closing table. Staging: Staging involves decluttering and styling your home, so it looks as attractive as possible. The Real Estate Staging Association reports that staged properties typically sell 86% faster than unstaged homes.

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Preparing to Get Pre-Approved For a Mortgage

Realty Biz

Look for reputable lenders specializing in mortgages with a solid track record in the industry. Your loan approval will depend on property appraisal, title search, and final underwriting. Making an Offer and Closing the Deal Once you've found the perfect home, it's time to make an offer and negotiate with the seller.