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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

Low claims ratios are a testament to the work our agents do to eliminate items prior to closing. The borrower also may have encumbered the property with loans that were not disclosed when applying for refinancing.

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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

Here are some tips on how to communicate effectively with a real estate appraiser when obtaining an appraisal: Be clear about your intent: Whether you are the homeowner, buyer, seller, or agent, you should inform the appraiser of the purpose of the appraisal and the type of report you need.

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Purchasing & Developing Land - Part 2 - The Process of Purchasing Land

Eppraisal

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. If the owners are trying to sell by means of their own resources -- a sign or classified advertisement, say -- it is still wise to keep a buyer's agent on hand.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract. Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value.

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How to Best Search for Land to Buy in Ohio [2022]

The Robert Weiler Company

Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. Possible Title Issues (Easements, Foreclosure). Zoning Requirements. Title Deed.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Every room on the main level except for the kitchen and the turret have a fireplace, and those are all made out of a different precious wood,” Rich (agent) explains. There may be unrecorded easements or other issues that the appraiser would not and could not discover during the course of the inspection. It’s listed for $899,000.