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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Insurance 506
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Buyer agency: a crucial historical shift in real estate

Housing Wire

Let’s delve into the potential negative consequences of diminishing or eliminating buyer representation, underscoring why this development matters more than ever in today’s real estate market. The unintended consequences of eliminating buyer agency 1. For these buyers, every dollar matters.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

They are also used to assess the value of the home for home improvement loans and insurance evaluations. Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Mortgage financing and refinancing. Estate settlements.

Appraisal 105
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan? The GSE’s have similar policies.

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3 Things You Should Know About Preliminary Title Reports

Zillow

It documents ownership, vesting, and detail regarding anything recorded against the home, such as liens, encroachments, or easements. The title company compiles the report from a search of county records to issue title insurance, and any liens against the property are listed as "exceptions" to a title policy. Easements.

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Crunching Numbers: Using an Investment Property Closing Costs Calculator

Listing Spark

There are two common styles of hands-on real estate investing: buy-and-hold (such as with rental properties or land you plan to develop) and flips (which are much faster). If you’ve kept up with your property’s likely sales price, subtract the remaining mortgages and the anticipated 6–10% closing cost.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Fannie and Competency, mortgage rates, extraordinary assumptions, vacant l and, unusual homes, mortgage origination stats, etc. National Counsel for Liability Insurance Administrators. Chuck Norris eats 7% mortgage rates for breakfast.