RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. The document includes loan terms, monthly payment and closing costs.

Pre-approval 64

Pre-approval Pre-qualification Title search Inspection 64

HomeLight

AUGUST 31, 2021

Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure. A seller will usually have to prove financial hardship for the lender to agree to the sale.

Pre-approval 97

Pre-approval Short sale Banks Finance 97

HomeLight

SEPTEMBER 21, 2020

To find out whether one has been filed on your property, you can do a free search at the county clerk or recorder’s office, either online or in-person. Another option is to contact a title company and request that they run a title search on the property, or ask your real estate agent for guidance.

Title 92

Title Banks Investor Title search 92

HomeLight

OCTOBER 5, 2020

A home equity loan or line of credit. Before you bid, it’s a good idea to run a title search , which will give you an indication of any liens on the home. There may also be other financial claims or liens on the house. Those other claims might include: A second mortgage on the home. A lien due to unpaid taxes.

Due diligence 54

Due diligence Earnest money deposit Banks Inspection 54

HomeLight

AUGUST 24, 2022

These buyers typically have more cash on hand — or more equity in their primary homes up North — which enables them to purchase a Florida home without having to obtain financing. The buyer runs a title search on the property. Property investors. Investors are more likely than traditional buyers to purchase properties with cash.

Purchase and sale agreement 104

Purchase and sale agreement Title search Proof of funds Title 104

The Close

DECEMBER 29, 2022

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. 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. Home equity conversion mortgage.

Purchase and sale agreement 97

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

HomeLight

JULY 31, 2021

Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In In addition, these properties allow for multiple exit strategies for investors, including flips, short- or long-term rentals, or wholesales.”.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Proof of funds 98