Realty Biz

JUNE 20, 2023

Check the Title: A title search will reveal any liens or judgments on the property, which you would be responsible for if you purchased the property. You want a property with a clean title, or at least an understanding of what you're taking on. Alternatively, you may need to consider hard money loans or cash.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

HomeLight

AUGUST 31, 2021

Plus, a physically foreclosed property will typically have its liens wiped out during the foreclosure process , so you know you’re typically getting a home with a clean title. However, sites like Auction.com warn that traditional financing might be hard to obtain when buying one of their homes due to their condition.

Pre-approval 107

Pre-approval Short sale Banks Finance 107

Marco Santarelli

DECEMBER 22, 2020

We consider interest-only loans to be a high risk unless you’re dealing with a real estate developer. Interest-only hard money loans would fall into this category. You don’t want to buy a mortgage note and get sued by someone else who had the title.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122