Redfin

JUNE 17, 2025

This delay is the result of the due diligence period, where the buyer will conduct inspections and other research before actually signing any papers. What to remember: After accepting an offer, the deal enters the due diligence period, where certain inspections and investigations are conducted before finalizing the sale.

Closing

Redfin

JANUARY 28, 2025

Assumable mortgages represent a unique opportunity in the right circumstances but require careful due diligence. to 1% of the original loan), title fees , and recording fees. These issues can be discovered during a title search, which is another essential step. How do assumable loans work?

Loans

Redfin

AUGUST 5, 2025

For example, you may have to make a larger down payment or pay extra due diligence. Perform a title search Don’t skip out on completing a title search , even if your parents are the only ones who’ve owned the home. Your lender should be able to explain the process as it will apply to you.

Purchase and sale agreement

HomeLight

FEBRUARY 20, 2025

Not all purchases are the same, and waiving an appraisal contingency without doing your due diligence first may cost you more money down the line. Title contingency: The sale of the home is contingent on the title search showing no issues or concerns. However, this approach can be risky.

Inspection contingency

Rochester Real Estate

NOVEMBER 5, 2015

Tips to Research the History of Your House Embarking on a house history search project can be exciting but requires careful research and investigation. They often provide searchable databases to streamline your search process. Your real estate attorney may also be able to assist with finding valuable information through a title search.

Due diligence

Rochester Real Estate

NOVEMBER 5, 2015

Quitclaim Deeds – What You Need To Know A quitclaim deed is a legal document that transfers property ownership without title guarantees. It is commonly used for specific situations such as transfers between family members, spousal transfers, divorce cases, trust transfers, and title corrections.

Title

Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Title

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.

Title

Housing Wire

FEBRUARY 5, 2021

They offer HomeVal, a Premium Title and Springhouse® Valuations’ Hybrid solution, providing a full suite of customizable, low cost products delivering precise title search, property photos and valuation data with greater speed and ease. Economical due diligence solutions for HELOC lenders, servicers and investors. #3.

Due diligence

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?

Due diligence

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.

Lending

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.

Title search

AAOA

MARCH 20, 2025

Due diligence is a critical step in purchasing real estate. This includes performing physical due diligence on the building, financial due diligence by reviewing financial records and all the paperwork, and legal due diligence to ensure everything is in order from a legal perspective.

Due diligence

HomeLight

DECEMBER 23, 2021

House deed vs. title: what’s the difference between the two? Perhaps the biggest myth is that the title to a home is an actual document stored in a drawer somewhere. Essentially, title and deed are both related to the important question of who truly owns a particular piece of real estate and has the rights to it. Find Agent.

Title

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.

Land

HomeLight

JUNE 23, 2022

It is usually held in the broker’s or title company’s trust or escrow account until closing. Issues that arise during due diligence. Most contracts include a due diligence deadline anywhere from seven days to two weeks after the agreement date. Title search reveals a lien or ownership issue.

Earnest money deposit

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.

Due diligence

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.

Land

HomeLight

OCTOBER 30, 2020

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. However important title searches are, they can reveal issues that delay closing. Issues with recording the deed.

Closing

HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. Secure title and escrow services: 1 day.

Purchase and sale agreement

Realty Biz

DECEMBER 8, 2022

The home will need to be appraised and a title search conducted. It is worth the time and effort to do your due diligence. The lender will check your credit history again, so if anything has changed in your finances it might mean you will not qualify for the amount you expect. Final Thoughts on Mortgage Preparation.

Loans

HomeLight

JANUARY 5, 2022

Don’t: Forget about clearing title. You must clear title — in other words, prove ownership without any additional claims to (or “encumbrances” on) the property — before you can sell a home to anyone, including your friend. The National Association of Realtors data reports that title and deed issues account for 10% of closing delays.

Pre-approval

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.

Purchase and sale agreement

HomeLight

AUGUST 24, 2022

Do your due diligence. The signed contract is then sent to the title company. The buyer runs a title search on the property. A title search is a review of all of the sales of the subject property to make sure that all paperwork has been done properly and the property has a clear title to sell,” Cohen explains. “A

Purchase and sale agreement

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.

Due diligence

Point2Homes

DECEMBER 7, 2020

Homes purchased at auction are bought in “where is and as-is” condition, and you’ll also be responsible for any liens or title encumbrances on the property. In this case, having an attorney run a title search will be critical.

Debt-to-income ratio

Realty Biz

JUNE 4, 2023

Faster and Safer Real Estate Due Diligence Whether it is a traditional real estate sale/purchase or inviting investors to finance a project, due diligence is a crucial part of the process. It includes different steps such as document verification, property inspections, title search, and time to get an appraisal.

Due diligence

HomeLight

JUNE 18, 2021

Closing costs can be broken up into three main categories: loan costs, title costs, and other costs. Title costs. Processing the title for your home also brings with it certain fees. Title search. A title company will search for any liens or claims on the property. Title settlement fee.

Closing costs

HomeLight

APRIL 30, 2021

Then it’s a matter of completing your due diligence: clearing the home’s title , getting a home inspection , confirming the home’s price (through an independent appraisal, if you choose), and closing the transaction. Because of the due diligence involved with issuing mortgages, it takes a lot longer to close on a home with one.

Due diligence

HomeLight

SEPTEMBER 13, 2022

Perform a title search. A proper title search will comb through the property’s financial history to make sure that the seller is indeed the owner and if there are any unpaid debts attached to it. They can be valuable if you wish to draft a deal-specific contract or if any issues with the title are found. “If

Purchase and sale agreement

Realty Biz

NOVEMBER 11, 2020

While it is rarer for a home sale to fall apart because of a buyer not getting financing, it is still something where due diligence is essential. One of the standard contingencies in nearly all real estate contracts is delivering a clear title. The Standard Contingency Rarely Mentioned.

Backup offer

The Close

JANUARY 21, 2025

Step 3: Secure a Title Company, Appraiser & General Contractor You will need a title company, appraiser, and contractor on your team. A title company conducts title searches to ensure that there are no liens on the property and that the owner is entitled to sell.

Investor

HomeLight

AUGUST 16, 2021

But this isn’t a time to skip your due diligence — be sure that you fully understand the rules of the auction and what the payment terms are if you’re the successful bidder. He adds that it could take at least 10 days for the release of the certificate of title, and in the meantime, you’ll have the certificate of sale.

Title

HomeLight

JULY 26, 2022

Maybe there are liens or judgments against the title — or maybe they don’t actually own the home they’re trying to sell. If the seller is working with a listing agent, their agent will more than likely have already done their due diligence to make sure they are able to sell their home. Title contingency. Jesse Allen.

Earnest money deposit

HomeLight

AUGUST 31, 2021

Clear title: The cash buyer will require a title search to make sure that you can convey the property free and clear of any clouds or judgments against the property, such as mechanic’s liens, unpaid taxes, or boundary encroachments. You’ll still have official steps to complete and hiccups like a title defect can still arise.

Proof of funds

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

HomeLight

FEBRUARY 14, 2022

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.”. Even if you have a few years of renting ahead of you, if you’re potentially going to buy the property, don’t skip your due diligence before signing an agreement.

Purchase and sale agreement