HomeLight

OCTOBER 30, 2020

Waiving the inspection contingency might seem like a great way to strengthen your offer and hurry the deal along, but it can put you at risk, and it’s not a tactic that’s generally recommended by experienced real estate agents (or anyone in the industry, really). The title isn’t clear. Source: (mizar_21984 / ShutterStock).

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HomeLight

AUGUST 31, 2021

Yes, a settlement statement is the same as a closing statement, though “settlement” is the formal term most likely to be used by the real estate industry. What is an excess deposit, and who will receive the funds listed on that line? Let’s say the buyer put down a $7,000 earnest money deposit on a $100,000 home.

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Realty Biz

SEPTEMBER 14, 2023

Attorneys ensure that the loan documentation is executed correctly, review the terms and conditions of the mortgage, and confirm that the property's title is clear and suitable for collateral. Lawyers do this by performing a title search. Some attorneys charge a flat fee, while others bill hourly rates.

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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. Earnest money deposit. If you still owe money on a mortgage, the title company will also determine the payoff amount.

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HomeLight

DECEMBER 8, 2022

They offer a $30,000 earnest money deposit on homes in any condition and specialize in working with properties that have tenants, out-of-state homeowners, and houses that are filled with the seller’s possessions. A company may be untrustworthy: As with any industry, there’s a risk of falling in with a less trustworthy company.

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The Close

JULY 25, 2024

PARAGRAPH VERSION copy to clipboard We are prepared to offer [offer amount] for the property with [earnest money amount] as an earnest money deposit. Optional: earnest money calculation explanation.] Optional: earnest money calculation explanation.] Optional: provide reasoning.]

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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. Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. Clear title. Title search.

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