Remove Lending Remove Short sale Remove Title search
article thumbnail

How Long Does It Take to Buy a House?

Redfin

In this Redfin article, find out how long it takes to buy a house based on the three most common scenarios – a cash offer, a mortgage, and a short sale. Secure title and escrow services 1 day The escrow company ensures that all conditions of your real estate transaction are met.

article thumbnail

How Long Does a Short Sale Take? What to Expect When You’re Buying Short

HomeLight

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Should You Buy a House During a Recession?

Rent, Buy & Sell

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. Typically a recession brings lower lending costs overall, but you should still pursue the best option. Be Wary of Foreclosures and Short Sales Foreclosures and short sales abound in poor economies.

article thumbnail

How to Get a Mortgage Loan: A Step-By-Step Guide for First-Timers

HomeLight

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. The lien must be paid before the house is sold.

article thumbnail

Cheap Investment Properties: How to Find Them?

Marco Santarelli

Explore financing options: Research mortgages, hard money loans, and private lending options. Check Our Inventory of Turnkey Rental Properties For Sale 2.2. Foreclosures and Short Sales Distressed properties often come at a discount: Foreclosures and short sales present opportunities to acquire properties below market value.

article thumbnail

Eliminating Stringent Contingencies: How to Make a Contingent Offer Stronger

HomeLight

That’s why financed offers come with appraisal contingencies — the loan can’t clear until the home has been appraised and the lender knows they’re not lending you too much for the home. Review the detailed settlement document provided by the closing attorney and you’ll see a line item for a property title search.

article thumbnail

25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

That likely went right to your lender, so ask to get a copy from either them or directly from the title company. There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says.