Remove Contracts Remove Easement Remove Insurance Remove Legal
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

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. Other information on the land is there, too: square footage/acreage, legal address, assessed value and the last sales price, to name a few. Subsequently, the process of conveyance must proceed.

Insiders

Sign Up for our Newsletter

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

article thumbnail

ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

There is administrative time involved, as well as legal factors. The clarifications were made to long-standing policies in our Guides intended to ensure the borrower has sufficient property insurance coverage in the event of a loss, and the February announcements did not change these policies. First, the burden on borrowers.

article thumbnail

Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Consequently, both the appraiser and home inspector ended up on the receiving end of a “wrongful death” legal claim. National Counsel for Liability Insurance Administrators. There may be unrecorded easements or other issues that the appraiser would not and could not discover during the course of the inspection. percent from 6.25