Housing Wire

MARCH 28, 2024

Unfortunately, one of the proposals the President mentioned in the SOTU was to revive a previously discredited and shelved pilot program that would waive the requirement for lender’s title insurance on certain refinances by Fannie Mae. In 2022, the industry paid more than $596.1 million in claims.

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Title Due diligence Title search Industrial 427

Realty Biz

JUNE 4, 2023

When it comes to developers, the volume of data increases significantly. Faster and Safer Real Estate Due Diligence Whether it is a traditional real estate sale/purchase or inviting investors to finance a project, due diligence is a crucial part of the process.

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Due diligence Investor Title search Development 81

HomeLight

AUGUST 24, 2022

In the years since then, the company developed a mission to revitalize both homes and communities. The selling process at Cash Buyer New Jersey is straightforward, with the same slim due diligence and closing periods as other cash-offer businesses. Title search. Cash-for-homes companies often handle title issues.

Closing costs 82

Closing costs Purchase and sale agreement Closing Staging 82

HomeLight

MARCH 13, 2023

As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5% The buyer does due diligence during the option period in Florida.

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Sales Investor Due diligence Renovation 85

HomeLight

MAY 28, 2021

However, it’s vital to do your due diligence before buying a home as-is to protect yourself or you might just end up wasting your investment on a money pit. Conduct a title search. This step is pretty standard in most real estate transactions, but a title search will show you who owns the rights to the property.

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As-is Inspection Title search Inspection contingency 73

HomeLight

AUGUST 16, 2021

Department of Housing and Urban Development (HUD) homes for sale portal. But this isn’t a time to skip your due diligence — be sure that you fully understand the rules of the auction and what the payment terms are if you’re the successful bidder. Buy title insurance. Source: (Willy Barton / ShutterStock).

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Title Due diligence Finance Inspection 109

HomeLight

MAY 27, 2021

FHA loans are backed by the Department of Housing and Urban Development and accept credit scores as low as 500. Step 9: Do your due diligence. Title search. A title search is a process to confirm the current owner has a clear title to the property and is thus eligible to sell it.

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Loans Mortgages Title FHA loan 87

HomeLight

MARCH 16, 2023

Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance. The buyer does due diligence during the option period in Texas. Krueger says the due diligence period in Houston is typically 10 days for an agent-assisted sale.

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Sales Purchase and sale agreement Earnest money deposit Investor 69

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.

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Purchase and sale agreement Title Proof of funds Pre-approval 98