Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. So, what do you, as a seller, do in this scenario? To Conclude.

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Realtor

NOVEMBER 7, 2023

Costs of buying a home #2: Escrow account An escrow account is basically a way for your mortgage company to make sure you have enough money to cover related taxes and mortgage insurance. Home inspection : This is critical for home buyers. Expect to pay $300 to $500 for a home inspection, although cost varies by location.

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Inspection Insurance Sellers Buyers 196

Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Housing Wire

JANUARY 15, 2021

Porch, led by CEO Matt Ehrlichman, acquired home insurance company Homeowners of America , mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing. The big acquisition is for Homeowners of America, an insurance company that operates in six states and is licensed in 31 more.

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Insurance Logistics Technology Inspection 441

Will Springer Realtor

FEBRUARY 20, 2024

A roof inspection is one of those preventive maintenance jobs that are easy to overlook. You can do a thorough inspection from the ground using a pair of binoculars. You can use a handyperson for minor fixes and possibly shave costs, but they should be bonded, have proof of liability and have workers’ compensation insurance.

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Housing Wire

MARCH 8, 2023

These include excessive late fees and fees for unnecessary property inspections. The CFPB also described its findings related to unnecessary property inspection fees, stating that mortgage servicers charged consumers between $10 and $50 “for every property inspection visit to addresses that were known to be incorrect.

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Mortgage Inspection Law Contracts 382

Town & Country Residential Appraisals

JULY 18, 2022

Inspection: careful examination or scrutiny Observation: the action or process of observing something carefully in order to gain information While the definitions are close, inspection seems to indicate a more detailed way of looking at something just by the words “examination” and ”scrutiny”.

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Inspection Law Appraisal Insurance 45

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. What is a Home Inspection? Unlike appraisals, home inspections are not a requirement for any transaction. All parts of the home are inspected; inside and out, roof to basement.

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Inman

MARCH 8, 2023

The CFPB alleges mortgage servicers charged excessive late fees, assessed "fake" private mortgage insurance premiums and made homeowners pay for unnecessary inspections.

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Housing Wire

MARCH 1, 2023

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

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Insurance Supply Chain Design Government 383

Housing Wire

OCTOBER 28, 2021

With the most recent acquisition of Floify, Porch will expand “its early access to high-intent homebuyers who need key services including insurance, warranty and moving services,” the company said in a statement.

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Mortgage Logistics Insurance Real Estate Agent 395

Housing Wire

DECEMBER 24, 2020

Porch, a home services marketplace with partners in insurance, utilities, home inspection and moving, plans to use the cash to pursue acquisitions to seize the opportunity in real estate. They’ll also focus on the home insurance industry. “As a company, we were able to find our way, which is certainly hard to do.

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Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage. Changes also include increases to the maximum amount for other allowable fees, including for draw inspection, which is $375.

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Architecture Renovations Inspection Finance 446

Berkshire Hathaway

DECEMBER 20, 2021

Buying a home can be stressful and one of those stressors is often a home inspection. So, let’s walk through what to keep in mind when getting a home inspection. . What do hope inspectors, inspect? Do your own pre-inspection! Should you be in attendance for the inspection? Who pays for it? Windows and doors.

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Inspection Sellers Realtors Investing 52

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Appraisal Inspection Real Estate Agent Training 407

Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. This is the second acquisition for Accurate this year.

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Valuation Technology Inspection Investing 406

CA Realty Training

MARCH 22, 2021

The Buyer’s Inspection Advisory (BIA) is a disclosure that is included with the Residential Purchase Agreement (RPA) when you make an offer on a home. Simply put, it is advising the buyer to have a professional inspect the property. In this case, the Buyer Inspection Advisory is for the buyer. FIRE, HAZARD AND OTHER INSURANCE.

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Inspection Real Estate Agent Real Estate Clients 36

Will Springer Realtor

MARCH 1, 2022

A home inspection is almost always the best route to take before purchasing a property. In a competitive market, however, buyers recognize that submitting an offer with a request to conduct a traditional inspection can hurt their chances of winning a bidding war. This is the best option when a traditional inspection is not viable.

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Inspection Buyers Sellers Real Estate 36

Housing Wire

APRIL 4, 2024

Through enhanced storytelling, our rebrand initiatives will help convey to the industry at large how Milestones supports every industry professional connected to homeowners, including those in mortgage, real estate, title, home services, insurance, inspection, home warranty and homebuilders.

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Miller Samuel

NOVEMBER 30, 2018

Those are "PiW" loans or have a "Property Inspection Waiver." Liability insurers are already talking about a new target when things go south. of the actual value 50% of the time) and "hybrid appraisers" (which removes the appraiser from the actual inspection of properties) to develop a value opinion.

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Appraisal Inspection Real Estate Agent Agents 300

Appraiserblogs

AUGUST 4, 2023

The entire concept of bifurcated appraisals represents a fundamental misunderstanding of the appraisal process.

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Appraisal Inspection Appraisal Process Law 125

Housing Wire

NOVEMBER 7, 2023

Manage the inspection process so they don’t freak out over small items. Help set up their utilities for them, recommend movers, homeowner’s insurance companies and anything else to alleviate stress. Be one step ahead of the process once they’re under contract. This is where being proactive matters. Overcommunicate.

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Clients Buyers Real Estate Agent Real Estate 427

Working RE

MARCH 16, 2021

> E&O/GL Insurance for Home Inspectors Competitive Rates, Broad Coverage, Free Risk Management, online inspection support for tough questions, discounts on education and more. Professional Coverage, Competitive Pricing Shop OREP today! >>

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Inspection Insurance 146

Housing Wire

JUNE 9, 2022

Legacy renovation loans, which tend to have longer inspection periods and strict oversight of renovations, are not paid to borrowers in a lump sum, which can add a degree of difficulty when homeowners are ready to use the funds, according to Goldman. Presented by: Auction.com.

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Renovations Finance Inspection Buyers 370

Realtor

MAY 17, 2023

What contingencies impact sellers before closing on a house While the burden is on the buyer to finalize financing for the home purchase and to obtain homeowners insurance , some contract contingencies will impact you, too, especially if you’re living in the home. Another important step prior to closing on a house is the appraisal.

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Sellers Inspection Contracts Property Taxes 142

Housing Wire

APRIL 11, 2023

The escrow company is responsible for securing and managing all funds, instructions, documents, down payments and insurance policies involved in the transaction. They manage and oversee the entire process from the time a seller accepts an offer to the time the buyer takes possession of the property.

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Real Estate Legal Sellers Buyers 383

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

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Inspection Insurance Buyers Renovations 136

Listing Spark

AUGUST 25, 2022

Home inspections are a critical part of real estate. For most buyers and sellers though, they don’t know what they should be looking for in a home inspection. Is there anything you can do to better prepare for future home inspections? 1:08 – What Clayton and Green Scene Home Inspections do. Episode overview.

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Inspection Real Estate Construction Sellers 36

Genworth MI Blog

FEBRUARY 29, 2024

Handling property condition concerns on the appraisal report That said, if photos or notes outlined in the appraisal report cause concern for the reviewer, further inspection or repairs may be required. Property conditions that impact subject livability, soundness, and/or structural integrity may cause such further inspection/repairs.

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Appraisal Inspection Training Real Estate 88

Housing Wire

JUNE 30, 2021

ServiceLink, which is backed by Fidelity National Financial, meets the unique needs of wholesale lenders by providing title insurance, appraisals, flood certificates and closing services. Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays.

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Valuation Client Relationships Clients Inspection 221

Lamacchia Realty

OCTOBER 6, 2021

However, the general rule of thumb is that it needs to be replaced in 60 days to obtain home insurance. No home insurance, no mortgage. Getting Insurance for a Home with Knob and Tube Wiring. Obtaining insurance for a home with knob and tube wiring comes with a specific set of requirements.

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Insurance Inspection Buyers Modernization 73

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. They are also used to assess the value of the home for home improvement loans and insurance evaluations. Valuation for insurance claims. Tax implications for final probate.

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Appraisal Inspection Property Taxes Easement 106

Lamacchia Realty

MAY 9, 2023

Home Inspection: This is a fee paid to a licensed home inspector to come in and perform a home inspection , where the property is evaluated for potential problems such as building codes, along with other issues the property may have in terms of needed repairs. This fee is paid at the time of the inspection directly to the inspector.

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Insurance Inspection Buyers Realty 73

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

Inspection 78

Inspection Insurance Buyers Renovations 78

Working RE

MARCH 2, 2021

> E&O/GL Insurance for Home Inspectors Competitive Rates, Broad Coverage, Free Risk Management, online inspection support for tough questions, discounts on education and more. Professional Coverage, Competitive Pricing Shop OREP today! >>

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Training Inspection Insurance 78

Housing Wire

OCTOBER 29, 2021

EXOS Inspect is a mobile app that allows borrowers to conduct their own home inspections when a traditional appraisal is not required, such as in home equity lending. EXOS Inspect enhances home equity lenders’ risk management strategies by ensuring they have the most up-to-date information on the house.

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Inspection Technology Clients Tools 380

Housing Wire

MARCH 21, 2022

According to Walsh, laws enacted by many states and municipalities require that foreclosing lenders register, inspect, and maintain properties during the foreclosure process, including before the lenders acquire title following a foreclosure sale. If the property is vacant, they will lower the offer further.

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