Housing Wire

MARCH 1, 2021

But, to date, most of the streamlining has happened at the point of marketing and sales. In 2019, The MBA estimated that for depositories, 46% of retail origination costs were used to cover sales functions. It makes perfect sense, then, that the first priority for streamlining and improved efficiency would be sales.

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RIS Media

JANUARY 18, 2022

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. What Is a Pending Sale? The post What’s the Difference Between a House Under Contract and a Pending Sale?

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HomeLight

DECEMBER 19, 2023

A top real estate agent can serve as an invaluable transaction coordinator during steps like the title search and deed transfer. Major changes” can include sales or transfers of ownership, tax liens , and changes to the home’s square footage if there have been additions to the property.

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Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies.

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HomeLight

JANUARY 17, 2024

In the realm of real estate, “backing out” refers to the decision a buyer makes to withdraw from a home purchase after the offer has been accepted but before the sale is finalized. This action is more formally known as rescinding or voiding a residential home purchase agreement.

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Realtor.com

DECEMBER 5, 2022

Before a property sale can go through, a title company is brought in to find out whether or not a seller has the legal right to sell the property. To do that, the title company searches public records for liens on the property, meaning anyone who has a claim to a portion of the money should the property be sold.

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Housing Wire

OCTOBER 29, 2021

Another area that requires clarification is the importance of searches performed on title grade data to the instant title process. Lenders may believe that it’s impossible to perform title searches and deliver instant title. Quality data is key to the viability of an instant title product.

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Housing Wire

APRIL 10, 2023

Now, it’s not uncommon to find these and other potential issues during the title search and curative process. But traditionally, this depth of information isn’t provided until after title is ordered and the commitment is returned. We began by integrating directly with our title partners’ core production systems.

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Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

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Realty Biz

JANUARY 9, 2024

From preparing your home for sale to negotiating offers, these tips will ensure a successful sale. Sometimes it stops their sale dead in its tracks until the errors are corrected. Understand the current market conditions, including recent sales, average time on the market, and pricing trends.

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RIS Media

APRIL 8, 2022

Here’s all you should know about contingent sales as a potential home buyer. An active listing means the home in question is currently on sale, and sellers are actively open to offers. If the house doesn’t get sold in the stipulated time, the sale can fail to materialize. The clause is referred to as a home sale contingency. .

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Realty Biz

FEBRUARY 19, 2024

The real estate attorney you are using should conduct a title search to ensure no liens against the property. Look at comparable sales in the area. Land sales are far more complex than buying a home. They might be willing to lower the price for a quick sale or offer better terms for financing.

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Real Trends

DECEMBER 27, 2022

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. It should be reassuring for all real estate agents that not many home sales fall through.

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Housing Wire

OCTOBER 29, 2020

We offer a span of comprehensive product options throughout the entire loan lifecycle and help manage loans from start to finish, including title searches, processing, underwriting, closing and disposing of them and even take them into the post-closing and servicing process. Every engagement is customized for each client.

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C4D Crew

MAY 1, 2022

This article will guide you through one of the more important of those documents—the purchase and sale agreement. . Defining Purchase and Sale Agreements (PSAs). What’s In a Purchase and Sale Agreement? Information Regarding the Title Condition, Title Insurance Company, or Escrow Company. .” PDF Button.

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Housing Wire

FEBRUARY 10, 2022

million, due to increased service expenses tied to higher ancillary services revenues, higher outside title search and premium tax expenses on improved title revenues, state sales tax assessments and office consolidation costs. compared to 17.9%

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Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value.

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Rent, Buy & Sell

JANUARY 20, 2023

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. For example, the average sale price of a home from January to March 2007 was $322,100. Drawbacks of Buying in a Housing Recession Not every home you spot for sale will be a good deal.

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HomeLight

AUGUST 20, 2021

The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. For example, a seller’s closing costs for a median sale price of $280,000 would range between $16,800 to $28,000, depending on various sale factors. Some closing costs apply to nearly every home sale. of the sale price.

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Redfin

JANUARY 26, 2022

One of these important pieces of paperwork is a purchase and sale agreement. . To help you navigate this document, we’ll go over what a purchase and sale agreement is, what makes up the agreement, and what happens after the agreement is signed. What is a purchase and sale agreement? Who drafts the purchase and sale agreement? .

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Housing Wire

APRIL 6, 2021

But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and real estate agents said. How hybrid title and valuations help increase lending efficiency. Streamline by combining services.

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HomeLight

AUGUST 16, 2021

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? A short sale is anything but short,” cautions Sanders.

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Toronto Realty Blog

AUGUST 2, 2023

The note for the 2017 sale was longer and a bit mushier, as I disclosed that I had proposed to my wife in the condo, and that we brought our first child home to the condo, and that we wished the new buyers all the love and happiness in the world as they created new memories and experiences of their own in the condo. That’s not a typo.

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Housing Wire

AUGUST 30, 2021

Flueid Decision is a patented and independent workflow application that can be embedded into the core operating systems of point of sale (POS) platforms, lender operating systems (LOS) platforms, title production systems (TPS), servicing platforms and marketplaces, to connect and simplify processes.

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HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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Realty Biz

JANUARY 10, 2024

We explore everything you should know for a first-time house sale by answering frequently asked questions. Additionally, you'll need to prepare all necessary documents, such as disclosure forms and title deeds, to ensure a smooth transaction. Paying careful attention to these details leads to successful sales. Let's dig in.

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Realty Biz

JULY 1, 2023

Step 6: Ensuring Clear Title When buying a home, ensuring a clear title is paramount. This involves conducting a thorough title search, which examines public records to verify the property's ownership history and identify any potential liens, encumbrances, or legal issues.

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Realty Biz

SEPTEMBER 14, 2023

Attorneys assist in reviewing and negotiating sale agreements, clearing title issues, and preparing all necessary legal documents. 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.

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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.

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HomeLight

JULY 11, 2023

Whether the cause is unpaid taxes, unpaid alimony, or unpaid contractor bills, selling a house with a lien against it adds one more wrinkle to the already complex task of a home sale. Nine times out of 10 the lien can be paid off through the sale,” says Richie Helali, Mortgage Sales Lead at HomeLight Home Loans. But don’t fret.

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Norada Real Estate

APRIL 15, 2023

Definition of Under Contract The term “under contract” refers to the period after a seller accepts a buyer's offer, but before the sale is finalized at closing. Title Search Contingency The title search contingency allows the buyer to ensure that there are no issues with the property's title, such as liens or ownership disputes.

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Point2Homes

JUNE 4, 2021

It’s also essential to run a title search on the property. Auction sales usually have the lien amount listed, and you can use it as a starting point for planning your budget. Auction sales usually have the lien amount listed, and you can use it as a starting point for planning your budget. Establish a Budget.

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Realty Biz

AUGUST 12, 2023

These can include title search fees, appraisal fees, attorney fees, and more. Loan-to-Value Ratio (LTV) : A ratio that compares the amount of the loan to the appraised value or sale price of the property, whichever is lower. Closing Costs : Fees and other costs that need to be paid when closing on a house.

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Point2Homes

NOVEMBER 16, 2022

Nowadays, you have many tools at your disposal, with a wealth of online listing services showcasing land for sale across the country. You can also utilize local resources , such as classified ads, or simply contact sellers directly if you find a plot for sale locally. Check out the links below: Land for sale in Atlanta.

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HomeLight

MARCH 31, 2021

The Georgia Association of Realtors reports that closing costs in Georgia typically range 5% to 10% of the home’s sale price. Taxes and fees: $3,325 for the transfer, tax, title fees, and escrow fees which we’ll detail below. Title search fee. On average, title search fees run between $100 to $200.

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Point2Homes

OCTOBER 21, 2020

Not all liens will affect you the same way, and even though a lien can lead to an auction sale, you can still sell your property while it’s in pre-foreclosure. But how will the lien impact the sale? The Sale Can Take Longer. A cash sale might speed up the process, yet they are quite rare. Here’s what you need to know.

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Realty Biz

NOVEMBER 1, 2023

Open Title Texas is proud to announce its entry into the Texas real estate market. Backed by a legacy of service excellence, Open Title Texas offers a comprehensive suite of solutions tailored to meet the unique needs of real estate brokers, sales professionals, and consumers alike.

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