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Remove Design Remove Due diligence Remove Proof of funds Remove Title search
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

DECEMBER 29, 2022

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.

Purchase and sale agreement 98
Purchase and sale agreement Title Proof of funds Pre-approval 98
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Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

MARCH 13, 2023

Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5% Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. Due diligence for a cash buyer is mostly title related.

Sales 82
Sales Investor Due diligence Renovation 82
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