article thumbnail

How Does a Title Search Work

Realty Biz

When you’re buying a home, you’ll need a title search so that you can get title insurance. Title searches can also reassure buyers, making sure there is a smaller chance of problems with the title later on. We will take a look at the things you need to know about a title search and how it works.

article thumbnail

What is a Title Search When Buying a House

Maximum Exposure Real Estate

Understanding a title search is a crucial aspect when purchasing a house or other real estate. While you might be eager to finish the buying process and move in, there are a lot of required stages […]. The post What is a Title Search When Buying a House appeared first on Massachusetts Real Estate Exposure.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Flueid integrates with Encompass to fuel loan originations

Housing Wire

“This is where our concept for a title check came to life within Encompass: rather than waiting until after title is ordered to understand if any issues exist, we deliver the insights from Flueid Decision to lenders while reviewing an application so they know immediately if a consumer and property are clear and can be fast tracked to closing.

Loans 362
article thumbnail

What Does It Mean to Back Out of a Home Purchase?

HomeLight

This decision can occur at various stages – after an offer is made but before it’s accepted, after signing a purchase agreement, or even days before the closing. As you navigate each stage of a home purchase, you might come upon unexpected turns. What are common reasons a buyer backs out?

article thumbnail

8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process.

article thumbnail

Why lenders should be asking for a title check at loan application

Housing Wire

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. That’s much too late in the process.

Title 333
article thumbnail

Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Others are one-time closing costs expenses, which may include: loan origination fees, application fee, mortgage broker fee, title insurance, appraisal fees, title search fee and other miscellaneous payments. Closing costs vary from state to state, but not all home buyers are aware of the expenses prior to closing.