HomeLight

OCTOBER 5, 2020

If the home is being foreclosed on, it’s likely because the owner couldn’t make the loan payments — not just once, but typically for about 120 consecutive days, or four months in a row — whether due to overwhelming debt, job loss, medical payments, or other reasons. A home equity loan or line of credit. A lien due to unpaid taxes.

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Due diligence Earnest money deposit Banks Inspection 53

HomeLight

APRIL 30, 2021

A cash offer simply means you have all the money you need to buy the home in cash. Then it’s a matter of completing your due diligence: clearing the home’s title , getting a home inspection , confirming the home’s price (through an independent appraisal, if you choose), and closing the transaction. Lack of liquidity.

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HomeLight

MARCH 16, 2023

You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. 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.

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Sales Purchase and sale agreement Earnest money deposit Investor 63

HomeLight

SEPTEMBER 1, 2022

Forgivable Equity Builder Loan – Gives first-time homebuyers immediate equity of up to 10% of the purchase price of the home in the form of a loan. It’s important to do your due diligence when deciding what agent to hire. Send your earnest money deposit. Order a title search.

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Earnest money deposit VA loan FHA loan Loans 91

HomeLight

JULY 31, 2021

Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. Earnest money deposit. Put a voice to a name.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

The Close

DECEMBER 29, 2022

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. Clear title. Due diligence period.

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Purchase and sale agreement Title Proof of funds Pre-approval 97