Buying a Home

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Check List for a Short Sale

Short sales accounted for approximately one-quarter of home sales in late 2011, surpassing foreclosures, according to Bloomberg. A successful short sale transaction benefits the seller, lender and buyer. It is important to check for the factors that contribute to a successful ...

What Are the Steps in Closing on a House?

Buying a home is an exciting event that keeps most soon-to-be homeowners busy for the four to six weeks it usually takes to close the sale. A lot happens between the time the seller accepts your offer and closing day. Use your sales contract as a road map to schedule the tasks ...

How to Buy a Short Sale Through a Credit Union

When a homeowner owes more on their home loan than the property is worth, he may ask his lender for a short sale. This lets him sell the home with the lender forgiving the balance on the mortgage. The lender will only allow this if the borrower is unable to make his payments as ...

What Do I Do if Title Insurance Is Not Approved for a House?

Title insurance protects you and the lender on your home from claims against the property resulting from such issues as contractor’s liens, unpaid taxes or property disputes. You normally pay for title insurance when the escrow on your home closes, and it is a one-time, rather ...

Do I Have to Buy Title Insurance Before Closing if Paying Cash?

Title insurance, a primarily American product, provides indemnity to lenders and homeowners against defects or issues with the title of a property. When you purchase a property by securing a mortgage, your lender will require you to purchase a policy of title insurance to ...

How to Get a Bond Loan

Bond loans -- or mortgage revenue bonds -- are issued by states to subsidize mortgages for qualified buyers -- usually low- and middle-income people buying their first home or their first home after a hiatus of many years. To qualify for these below-market-rate loans, you must ...

What If the Appraisal Is Low on a Short Sale?

Short-sale deals have several hoops a buyer and seller must jump through to make the deal happen. The usually drawn-out process involves two important appraisals: one for the lender of the existing loan and another for the buyer's lender. A low appraisal in both of these ...

Do You Get the Title Right Away When Paying Cash for a House?

The way you hold title to your house determines your ownership rights. The title information identifies whether you are the sole owner or share ownership with others. This directly affects your right to sell your ownership percentage or to pass on your ownership share to a ...

How to Break a Real Estate Sales Contract

Few people sign real estate sale contracts with the intention of breaking them. Nevertheless, there are times when a buyer feels that the benefits of terminating the agreement outweigh the risks. The buyer has a number of legal options for canceling the agreement. Knowing your ...

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