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. Review the detailed settlement document provided by the closing attorney and you’ll see a line item for a property title search.

Purchase and sale agreement 79

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 79

HomeLight

MAY 27, 2021

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. A specialist will comb through documents related to the property to make sure there are no issues with the title.

Loans 82

Loans Mortgages Title FHA loan 82

HomeLight

JULY 29, 2022

That likely went right to your lender, so ask to get a copy from either them or directly from the title company. 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.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

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.

Purchase and sale agreement 97

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