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Remove Construction Remove Due diligence Remove Pre-qualification Remove Proof of funds
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

DECEMBER 29, 2022

Construction loan. Due diligence period. What if your clients are asking about their due diligence period? Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. Liens can come from unpaid mortgages, construction bills, even HOA fees.

Purchase and sale agreement 97
Purchase and sale agreement Title Proof of funds Pre-approval 97
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How to Sell a House By Owner in Alabama

HomeLight

APRIL 26, 2023

The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. A bank statement will help weed out people who are just looking around and don’t have the qualifications to purchase your house from legitimate buyers who can obtain financing. Require everything in writing.

MLS 68
MLS Agents Sales Proof of funds 68
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