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How can the mortgage industry be more prepared for the next natural disaster?

Housing Wire

We have lenders coming to us asking about the potential impact of a mortgage loan closing should the NFIP lapse. Many states do have sellers disclosure laws. Beyond that, there are more questions than answers regarding the future of the program. People are looking for answers,” Gibson said. “We

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

HomeLight

Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves. What can go wrong on the buyer’s side at closing. Talk to your agent and loan officer about these options.

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8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. It is vital for both buyers and sellers to meticulously review these documents to ensure accuracy and avoid any misunderstandings or disputes.

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What Legal Documents Will You Need for Buying a House? Here’s Your List

HomeLight

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. We’ll also hear from Richie Helali of HomeLight Home Loans for an inside scoop on the loan-related documents for buying a house.

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The Ultimate Guide to Buying a House in Texas

Redfin

There are various programs available for first-time homebuyers in Texas, including the TDHCA: My First Texas Home , which can assist with a down payment of up to 5% of the loan amount. Get pre-approved from a lender One of the most important steps you can do for yourself is to get pre-approved for a mortgage loan.

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Ask Brian: Can I Buy a House Without a Real Estate Agent?

Realty Biz

For instance, along with the down payment, an agent can help you understand how much money you’ll need for closing costs. As an example, you’ll probably pay for the appraisal as a closing cost. But even before closing, you’ll need to pay for a professional inspection out of your pocket. Review seller disclosures.

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Selling a House ‘As Is’ in Washington State

HomeLight

Skip repairs and close in as few as 10 days. Disclosures. Seller Disclosure Statement. Real estate attorneys are not considered essential for closing in the state of Washington, but it may be advisable to hire one. Mention in your as-is listing if your home is close to any of the following: Schools.

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