Housing Wire

MARCH 28, 2024

By removing the requirement for title insurance on these transactions, this program would introduce significant risk into the market and turn Fannie Mae into a primary market insurer, expanding authority beyond its mission and charter. In 2022, the industry paid more than $596.1 million in claims. This is up from $474.4

Title 436

Title Due diligence Title search Industrial 436

Housing Wire

APRIL 30, 2024

It’s uncertain whether federal regulators are purposefully misleading Americans about the potential savings or just don’t understand how title insurance works. The truth is the cost of title insurance coverage has decreased nearly 8% over the last two decades due to innovation in the industry.

Title 365

Title Due diligence Title search Principal 365

HomeLight

APRIL 11, 2023

They strive to present the highest possible offer to their clients by doing their due diligence and extensive research on the home and the current market. That includes an average of 49 days listed on the market until a signed contract, plus the typical 45 days a buyer needs to close on a purchase loan.

Purchase and sale agreement 85

Purchase and sale agreement Closing costs Closing Sales 85

HomeLight

OCTOBER 30, 2020

Maybe you aren’t using a loan, but you can still run into cash flow issues. Real estate contract contingencies are commonly associated with getting a mortgage, as lenders tend to do their due diligence on a property before they’ll put up the money for it. The title isn’t clear. “Wait a minute,” you’re probably thinking.

Closing 111

Closing Inspection contingency Title search Purchase and sale agreement 111

HomeLight

MARCH 13, 2023

Booming tourism industry spurs investor activity With warm weather and popular attractions like Walt Disney Disney World and Universal Orlando Resort, Orlando is one of the country’s top tourist destinations with nearly 60 million visitors each year. The buyer does due diligence during the option period in Florida.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

FEBRUARY 14, 2022

This includes perspective from Margaret Labus , a real estate agent in the Lake Geneva , Wisconsin, area, who has 18 years of industry experience. Obtain a title report to see how long the seller has owned the property — the longer they’ve owned the property, the more equity they have.”. It’s worth repeating: Do your due diligence !

Purchase and sale agreement 84

Purchase and sale agreement Due diligence Finance Equity 84

HomeLight

JULY 31, 2021

The San Antonio real estate market draws investors with its consistent housing stock, variety of industries, and steady influx of residents. Some, however, are ready to move immediately, in which case we are limited by the bandwidth of the title company to complete the title search process and get all the documents together.”.

Investor 105

Investor Title Due diligence Sales 105

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. According to the latest data from Ellie Mae, the purchase loans are taking an average of 50 days to close as of May 2021. Motivated sellers.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan.

Purchase and sale agreement 97

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