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How Long Does a Title Search Take

RIS Media

The easiest way to escape these issues is to make a property title search. Why Do You Need a Title Search. The property title search process needs to show any potential buyer that the respective real estate has a clear title. Timeframe For Title Search. What Do Title Searches Involve?

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A look at the role instant title plays in the borrower journey

Housing Wire

A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. HousingWire recently spoke with Dave Steinmetz, Division President of Origination Services for ServiceLink, on what tools lenders should leverage to streamline home equity title and closing.

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Can You Put an Offer on a House That’s Contingent?

RIS Media

Real Estate appraisals are usually completed when homes are bought via mortgage loans. Home inspection problems. Home inspections are standard practice when buying a home and don’t usually stop a sale unless there is a severe underlying issue with the property. Home inspection problems.

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15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. The fee, usually 0.3 – 1.5

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What your customer should know before making an offer

Real Trends

They need to understand: What earnest money is and what happens to it if the sale falls through (and if it doesn’t) How long the seller has to respond to an offer Who is responsible for an inspection What happens if an inspection reveals significant problems that require repair. Private mortgage insurance. Mortgage preapproval.

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4 signs a pending home sale will fall through

Real Trends

Inspection issues. An inspection can often reveal major issues that either side would not have been aware of. Whatever side you are on, being aware of inspection issues and how to work with them will be paramount in increasing your close rate. Before a mortgage is approved, lenders will have a property appraisal.

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Best Methods For Quickly Selling Your Home

Realty Biz

In addition, an experienced agent will have established relationships with other industry professionals, such as mortgage lenders, home inspectors , and title companies. It involves various steps, such as the verification of documents, title search, and fund disbursement.