Housing Wire

OCTOBER 29, 2020

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: How do Trelix services help users minimize risks and perform loan due diligence?

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Realty Biz

DECEMBER 15, 2021

When you’re buying a home, you’ll need a title search so that you can get title insurance. Title searches can also reassure buyers, making sure there is a smaller chance of problems with the title later on. We will take a look at the things you need to know about a title search and how it works.

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Housing Wire

FEBRUARY 7, 2022

With refi transactions lenders typically work with a smaller pool of hand-picked title companies and settlement agents. By sending a large volume of loans to this small pool of vendors other important aspects of the relationship are easier to manage such as due diligence, data management and score carding of performance.

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Housing Wire

MARCH 23, 2021

In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements. Wherever there is commerce, there will be fraud, and the mortgage industry is no exception.

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Lending Mortgages Due diligence Debt-to-income ratio 450

Brownstoner

JUNE 20, 2022

Cornerstone Land Abstract Principal and Executive Vice President Dorian Lam reveals title issues that can torpedo a real estate deal, the best way to approach due diligence, and whether you can buy real estate with cryptocurrency.

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Realty Biz

FEBRUARY 19, 2024

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. Conducting thorough due diligence is the cornerstone of a successful land purchase.

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HomeLight

SEPTEMBER 21, 2023

Before the settlement — when you start signing documents — you’ll have to get through what’s called an “inspection period” or “due diligence period,” depending on where you live. Luckily, a real estate agent can help you every step of the way.

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Housing Wire

APRIL 12, 2023

Among those targets were a Memphis-based real estate company and a title company in Washington state that combined were swindled out of more than $200,000 through the scam. The victims targeted can be lenders, real estate agents, title companies and other escrow agents, attorneys as well as homebuyers and sellers.

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Housing Wire

MAY 13, 2022

Likewise, government applications of a given DLT + blockchain (smart contracts) are redefining how title is recorded and transferred. For example, the DLT and smart contract structure for trade transaction settlement are encapsulated by the vested industry actors. Distributed Ledger Technologies are the Backbone of Blockchains.

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Realty Biz

OCTOBER 24, 2023

They include: Property title management: Blockchain can be used to create and manage property titles. Due diligence: Blockchain can be used to improve the due diligence process for real estate transactions. This can help to reduce fraud and make it easier to transfer ownership of property.

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Realty Biz

MARCH 15, 2021

Without middlemen involved with each blockchain transaction , there’s less back-and-forth so the entire settlement process becomes much faster, with reduced title costs and legal fees. Smart contracts can also improve due diligence, save on costs, and reduce the likelihood of fraud, payment disputes, and many other issues.

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Realty Biz

JUNE 20, 2023

However, it requires a sound strategy and due diligence to find the best deals. Buying an REO property often involves less risk than an auction, as you can inspect the property and clear any title issues. You want a property with a clean title, or at least an understanding of what you're taking on.

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Housing Wire

MARCH 28, 2024

Unfortunately, one of the proposals the President mentioned in the SOTU was to revive a previously discredited and shelved pilot program that would waive the requirement for lender’s title insurance on certain refinances by Fannie Mae. Title professionals also play a key role in helping prevent fraud.

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Realty Biz

FEBRUARY 1, 2024

Due Diligence and Research Buyer's agents are critical in guiding buyers through due diligence. They may collaborate with title companies and other relevant parties to perform a title search. The goal is to obtain a clear title report. Based on this information, they will suggest what to offer.

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Realty Biz

NOVEMBER 4, 2021

Due Diligence and Safety Are Vital. Finding who the owner of a house is and clarifying whether this property is clear of all financial burdens are an important part of the due diligence process before the actual purchase of the property. In this case, you can hire a title company to do deep searches.

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Realty Biz

JUNE 15, 2022

Performing due diligence is vital when purchasing a home. Do some due diligence to ensure something can’t be developed that could be detrimental. Is The Title Clear? When buying any property it is crucial to have a title search performed to make sure there is a clean title.

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Marco Santarelli

SEPTEMBER 26, 2023

In other words, the investor should complete due diligence before ever agreeing to a lease option. The investor should also record a “Memorandum of Option,” which is a public record against the title of the property and lets the community know that you have an interest in the property.

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HomeLight

MARCH 7, 2024

Unresolved title issues: Encumbrances or disputes related to the property’s title can complicate the sale, prompting buyers to cancel the agreement. Undisclosed defects or property issues: Discovering previously undisclosed problems with the property can lead buyers to reconsider their purchase decision.

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Housing Wire

MARCH 15, 2024

After all, a successful affiliated title operation brings not only the potential for new business but, done well, an opportunity to control more of the transaction, bringing with it the possibility for improved customer experience and better cost controls. Not to mince words: title is hard. Instead, they’re leaving money on the table.

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Housing Wire

MARCH 2, 2021

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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CT Homes

NOVEMBER 24, 2020

When a buyer submits a “Non-Contingent” offer, they are essentially forfeiting any and all of their privileges to perform due diligence on a property they’re interested in. The more complex a project, the more time a buyer may need to perform due diligence. Long (Unnecessary) Inspection Periods.

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The Residential Specialist

FEBRUARY 27, 2024

Do some digging: “You have to be very careful and do your due diligence when you’re contacted,” says Dallison Veach, CRS, owner of Veach Realty Group in Springfield, Virginia. Fortunately, the title company verified the check before depositing it, uncovering the fraud. Everything looked completely legitimate.

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Realty Biz

SEPTEMBER 14, 2023

They ensure the legal transfer of property, review and prepare documents, resolve disputes, and ensure clarity of the title. States that don't require attorneys use title companies instead. Attorneys assist in reviewing and negotiating sale agreements, clearing title issues, and preparing all necessary legal documents.

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Housing Wire

APRIL 16, 2021

As the refinance wave gives way to a purchase market, consolidation is already upon us – even in the title industry. Even someone who’s done this before can always stand to have a little expert help when dealing with entities as complex as title companies in this regulatory scheme. The post M&A in the title industry?

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Realty Biz

SEPTEMBER 11, 2023

The real estate market in 2023 calls for more than just investment savvy; caution and due diligence have become equally essential. there has been a significant uptick in mortgage and title fraud cases, as noted by regulators. Rising Instances of Real Estate Fraud In Ontario and B.C.,

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Realty Biz

OCTOBER 12, 2021

Real Estate agents refer to this as the due diligence period in real estate. Title Search. A title search is often a standard step in the home purchase process. When buying a home and doing your due diligence, the first place you should start is with your real estate agent.

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Realty Biz

SEPTEMBER 25, 2023

Risk mitigation: By conducting thorough due diligence, a real estate attorney can identify potential risks and help you make informed decisions, minimizing the chances of future legal complications. For buyers, an attorney can thoroughly examine the property's title, review contracts, and negotiate terms to protect their interests.

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Realty Biz

OCTOBER 3, 2022

This doesn't become part of the title and isn't transferred when the home is sold. Sometimes doing your own due diligence isn't enough and an real estate lawyer is necessary. Some properties need more due diligence than others. How Do an Easement in Appurtenant and an Easement in Gross Differ?

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Realty Biz

APRIL 17, 2023

Furthermore, it's also important for buyers to do their due diligence on the property before signing a contract. Due to the home inspection results, the buyer must provide written notice of their intent to terminate the contract. To legally transfer property ownership, the title must be clear of any liens or encumbrances.

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Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. Do your due diligence and review accurate CMA data to determine a price best suited to your market’s demands.

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CT Homes

NOVEMBER 24, 2020

When a buyer submits a “Non-Contingent” offer, they are essentially forfeiting any and all of their privileges to perform due diligence on a property they’re interested in. The more complex a project, the more time a buyer may need to perform due diligence. Long (Unnecessary) Inspection Periods.

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Earnest money deposit Due diligence Inspection Investor 52

CT Homes

NOVEMBER 24, 2020

When a buyer submits a “Non-Contingent” offer, they are essentially forfeiting any and all of their privileges to perform due diligence on a property they’re interested in. The more complex a project, the more time a buyer may need to perform due diligence. Long (Unnecessary) Inspection Periods.

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Earnest money deposit Due diligence Inspection Investor 52

Housing Wire

MAY 20, 2022

That’s why due diligence is a critical element of every mortgage transaction. The purpose of due diligence is to protect lenders by reviewing and verifying all information provided by borrowers to eliminate fraud and other concerns. Of all the factors required for a due diligence review, accuracy is the most critical.

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RIS Media

JUNE 17, 2021

Investors know that they need to do a great deal of diligent research if they hope to avoid buying a money pit. It’s not just about doing your due diligence, but rather, providing your prospective REALTOR® the opportunity to give you their best pitch. Document Preparation. Continuous Follow-Up.

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Marco Santarelli

OCTOBER 20, 2023

Not Doing Enough Research and Due Diligence Real estate is a complex and ever-changing industry that requires constant research and analysis. You should also write a detailed business plan that outlines your market analysis, financial projections, marketing plan, and growth strategy.

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HomeLight

AUGUST 31, 2021

This will likely take the form of a cashier’s check or wire transfer to be held in escrow by a third party — such as a title company — while you wait to close. Once you’re under contract on your home-to-be, your due diligence clock starts ticking. Check on the title review. Order an inspection.

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Realty Biz

JUNE 27, 2023

Seller's agents assist sellers in understanding the contract terms, coordinating inspections, and addressing any potential issues that may arise during the due diligence period. They coordinate with all parties, such as lenders, appraisers, title companies, and real estate attorneys , to ensure a smooth closing experience.

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