Remove Contracts Remove Document Remove Easement Remove Lending
article thumbnail

Opinion: Title insurance is vital to protecting the American dream

Housing Wire

It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. Professionals conduct the search and examine documents, with title companies regularly providing a discount, or “reissue rate” on a refinance.

Insurance 512
article thumbnail

Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. HOA documents – if you live in an HOA neighbourhood, the appraiser will need to see the costs, regular maintenance schedule, history of fee increases, etc. Fritz for your real estate appraisal.

Appraisal 127
Insiders

Sign Up for our Newsletter

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

article thumbnail

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?

article thumbnail

ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. George Dell – his usual very interesting comments.

article thumbnail

FHA: Cosmetic vs. MPR Repairs

Appraisal Today

The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements. In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction.

article thumbnail

11 Land Buying Tips: How to Buy Land

Raleigh Realty

You'll also need to show your ability to pay for the land, either with proof of cash or loan documents. It will help you learn if there are any easements or restrictions on the land that you need to know about. There may be a representative of the lending institution present to make the payment to the seller.

article thumbnail

9 Things to Know BEFORE Your Home Appraisal

Raleigh Realty

They can keep buyers up at night after going under contract on a home. The seller accepts your offer and you are officially under contract and the home will be marked contingent. Mortgage lenders do not want to lend more money for a home than the home is worth. 9 Things to Know BEFORE Your Home Appraisal Home appraisals.

Appraisal 148