The Close

DECEMBER 29, 2022

Due diligence period. What if your clients are asking about their due diligence period? This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. A borrower will pay an origination fee to the lending institution to cover the cost of processing a mortgage loan.

Purchase and sale agreement 98

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

HomeLight

OCTOBER 29, 2020

That’s why financed offers come with appraisal contingencies — the loan can’t clear until the home has been appraised and the lender knows they’re not lending you too much for the home. Short sale or bank approval contingencies. Let HomeLight Cash Offer lend a hand. Source: (CC7 / Shutterstock). Still feeling stuck?

Purchase and sale agreement 77

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 77

HomeLight

JULY 29, 2022

There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says. We do all the due diligence upfront,” he says. Get it ASAP and look it over thoroughly.

Closing 102

Closing Purchase and sale agreement Title Home sale contingency 102

HomeLight

MAY 27, 2021

Step 9: Do your due diligence. In complicated transactions, such as buying a short sale or purchasing a home from an estate where several people own a share, an attorney might be a good investment. To prevent delays, respond as quickly as possible when the underwriter requests additional documents or information.

Loans 78

Loans Mortgages Title FHA loan 78

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. According to the real estate investment lending site New Silver, the average Fix and Flip investors in New York are generating $56,400 per flip.

House Flipping 83

House Flipping Renovation Investor Finance 83