Remove Due diligence Remove Equity Remove Residential Remove Title search
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Top Tips and Considerations For Buying Land

Realty Biz

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Zoning determines land use, such as residential, commercial, or agricultural.

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How hybrid title and valuations help increase lending efficiency

Housing Wire

HousingWire: What are some due diligence and underwriting challenges loan originators face today? Steve Greenfield: Lenders have always faced certain challenges when meeting necessary due diligence and providing accurate underwriting services. With the pandemic, they can be even more difficult these days.

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Who Pays for the Appraisal and Why This Key Homebuying Step Is Worth Every Penny

HomeLight

According to the National Association of Realtors®, only 22% of residential sales are cash sales, so it’s likely that you’re taking out a mortgage to finance your home purchase. This due diligence protects the lender in case you default and they need to recover their costs. Source: (Erik Mclean / Unsplash).

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Buying a Foreclosure at a Home Auction? Here’s How Much You’ll Probably Spend

HomeLight

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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How Rent-To-Own Homes Work: A Complete Guide

Redfin

Simply put, a rent-to-own home is a residential property that you agree to live in as a rental for a set number of years with the option to purchase the house at the end of the rental term. In some cases, the renter may be able to take on some home improvements that help build equity. What is a rent-to-own home?

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Selling to Florida Cash Home Buyers: Tips from Experts

HomeLight

Do your due diligence. As of 2019, foreign buyers’ purchases made up 38% of all residential real estate sales in Miami (compared to just 5% nationally), and 63% of foreign buyers paid cash (compared to 41% nationally), according to the Miami Association of Realtors. The buyer runs a title search on the property.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In Put a voice to a name.