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Going to Extremes

Appraisal Buzz

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

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Two Southern banks complete mortgage eNote transfer

Housing Wire

eNotes contain the same information as a traditional mortgage note – on paper – but they are created, signed and stored digitally. Full e-Closings reduce the use of paper, legal fees, mailing and courier costs. The post Two Southern banks complete mortgage eNote transfer appeared first on HousingWire.

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ALTA: Protecting property rights with title insurance

Housing Wire

For title insurance, a homebuyer only needs to pay a one-time fee at closing, which is typically issued in the amount of the real estate purchase price. For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage. Consumers can shop around and should compare policies.

Insurance 464
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Title insurers reckon with attorney opinion letters

Housing Wire

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for.

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5 Negotiation Secrets Smart Buyers Use to Get Better Deals

Berkshire Hathaway

Besides the purchasing price, your budget should also include other costs such as renovations, structural and environmental assessments, downtime during transitions, legal fees, realty commissions, taxes, and contingencies. If you’re going for a mortgage, getting a pre-approval will strengthen your position in negotiations.

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First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

As of May 3rd, 2021, new updates to the Canada Mortgage and Housing Corporation (CMHC)’s First-Time Homebuyers Incentive have come into effect. Victoria is now one of the few cities that has been given enhanced eligibility criteria to help you qualify for a lower monthly mortgage payment. What Is the First-Time Homebuyers Incentive?

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