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How Long Does It Take To Get The Title Report All Locations : Nationwide Real Estate Advice

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Showing results for How Long Does It Take To Get The Title Report [Clear search]
Tue May 29, 2012
Katiejo Shank answered:
First off, your credit is great! Good job!!! What you qualify for is not necessarily the question, you would probably qualify for more than you feel comfortable with. The question would be what is your comfort level? Ask yourself what you feel comfortable with for a payment includin mortgage, taxes and insurance. That's where I would start with any client. Then from there and depending on location of where you want to purchase, due to taxes, would depend on price for home. Interest rates right now are in the upper 3's. Nice right? Please let me know anything I can help you with, my cell number is 610-587-9031. Hope I helped! ... more
0 votes 14 answers Share Flag
Tue Jun 11, 2013
Elena Talis answered:
It depends... I had situations when purchase money loan was closed in 14 days, in other situations it was up to 45 days. For refinancing, 3 months is not unusual. Contact me directly and I will be able to put you in touch with good mortgage brokers that can evaluate your situation and give you a direct answer. ... more
0 votes 13 answers Share Flag
Fri Nov 14, 2014
Oggi Kashi answered:
Your first step should be to interview a few agents before hiring one. They can provide the guidance and information you seek.

Also, don't fall for RealtyTrac's ads. They are just trying to sell more subscriptions. Just because a notice of default has been filed, it does not necessarily mean the property is or will ever be for sale.

Best,

Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
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0 votes 11 answers Share Flag
Fri May 18, 2012
Carl Hawthorne answered:
A mortgage broker can prequalify you in minutes. Final approval will take a couple of weeks. If you have 40% down, you should be in great shape. I would work on trying to get your score higher. Pay some balances down or off and check for any errors on your report. You will get a better interest rate by doing a little work. ... more
0 votes 5 answers Share Flag
Mon May 21, 2012
Ron Thomas answered:
Most HOA's charge you for a copy of the CCR's; hence, I would rather not get them until we know that our offer has been accepted.
The Disclosures are part of the wave of paperwork after the offer has been accepted.
The California form RPA (Residential Purchase Agreement) is 8 pages. They must have had other forms relating to the new development and/or HOA.
I have always tried to keep my Buyer away from the Seller; no good can come from that.
But I have no problem with my Buyer talking to the Title Company.
He must be busy. Typical, no.
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0 votes 11 answers Share Flag
Fri Nov 6, 2015
Mitchell Feldman answered:
Dear Jclubit:

From a legal perspective it is not required for you to have an attorney. However, I will say that in the 20 years that I have been a real estate agent, I have never done a deal where the buyer and/or seller did not have an attorney. I once had a buyer who tried to go without an attorney, but we could not make the deal because the seller's attorney refused to do the deal due to the fear that if there was a problem he and the seller could be opening themselves up to a law suit.

Besides, you need an attorney to protect your best interests, that is their fiduciary responsibililty. Do not be penny wise and dollar foolish, make sure you get an attorney! If you are having an issue, you should seek the assistance of another attorney that you find yourself. There are thousands of them in Brooklyn and they are not hard to find! If you want you can even contact me and I can refer you to a good one.

In addition, if I can be of further assistance, feel free to contact me. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
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0 votes 10 answers Share Flag
Sat Jul 19, 2014
Gregorio Denny answered:
Look for someone willing to do seller financing. Unless you have reestablished credit you won't get conforming or FHA financing.
0 votes 13 answers Share Flag
Thu Feb 16, 2017
Thom Colby answered:
They need to tell you in writing EXACTLY what has changed and why they want to charge you more %. Is this a national lender such as one of the big banks or is it a Mortgage Broker, etc.
I suggest you call a reputable company and ask them to pre-qualify you to see what they say.....
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0 votes 70 answers Share Flag
Sun Jun 17, 2012
Jane Peters answered:
II highly doubt the seller's agent told the seller that they can move out when they want. As you say, they needed to be out by 5:00 p.m. on the date of close of escrow. They no longer own this place, you do, and they are trespassing. You need to talk to the sellers' agent or the agent's broker to get this taken care of. The next step would be to evict them. ... more
0 votes 32 answers Share Flag
Tue Feb 21, 2017
Tina Lam answered:
There are a number of elements to buying a home.

1) You need to get yourself financially ready to purchase. If you have saved up a downpayment, you should go get a pre-approval from a loan officer at a bank. This should take about 2-3 weeks. Until you know what you can get approved for, you won't have a realistic budget to work with.

2) Assess what you need in a home and get familiar with what's available. This is a highly variable period of time. Some people can narrow that down in a few weeks, while others may take 6 months.

3) Find a real estate broker who will educate you as well as protect your interests in the purchase process. If you have some good referrals, this should be pretty quick.

4) Visit prospective homes and make some offers. This is also a highly variable period. Lucky buyers can win deals in the first week and others can drop dozens of offers over a year before winning a deal. A good real estate broker can help limit the time needed with good guidance.

5) The actual close is pretty straightforward. A short sale will add about 2-3 months to the process. Once in escrow, it's about 30-45 days on average to close.

So, altogether, I've seen first-time home buyers I've worked with go from thinking about buying to getting the keys to their home sometimes in as quick as 3 months and others up to over 2 years (they're still looking for a "steal").
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0 votes 16 answers Share Flag
Sat Apr 21, 2012
Robert Mcgee answered:
The Title Company underwriters (the insurer of the title) have become more demanding because a lot of the bank work in the past was sloppy. For example, in Maryland they want to see evidence that that the new rules laid down by the Court of Appeals have been followed. In a foreclosure the action of the first lien holder wipes out all junior lien holders except taxes. if the bank doesn't conduct the foreclosure legally the junior lien holders may still be able to claim a legitimate interest.

Bob McGee
Advance Realty Timonium
(410) 560-4574

My Blog: www.baltimorerealty.blogspot.com
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0 votes 7 answers Share Flag
Wed Apr 30, 2014
Nelene Gibbs answered:
I would suggest you have her closing attorney sit with both husband and wife and discuss the documents they will sign to ease her fears. Then she could sign with POA. Another option would be to give POA To their attorney who she has hired to represent her ... more
0 votes 7 answers Share Flag
Sat May 21, 2016
Michele Goodwin answered:
The sellers’ agent is representing the sellers and has a fiduciary responsibility to them. There is more than likely an agreement in place between the sellers and their agent that covers the fees to be paid from the proceeds of the transaction and to whom. While it is not unheard of to also have the listing agent represent the buyers, this arrangement would put the listing agent in dual agency and all parties would need to acknowledge and agree to this arrangement and understand the implications of this situation.

You are entitled to and should want buyer representation. The jr. realtor will be entitled to a commission and may even be considered the procuring agent should you first view the property with them and then try to bring in another agent to represent you as your buyers’ agent. You should retain an agent that you feel comfortable with to represent you right from the start. A knowledgeable agent will be able to assist you with assessing the value of a particular property as well as negotiating on your behalf regarding price and other terms of your purchase contract. Don’t be pennywise and pound foolish. This is an important transaction – often the largest purchase most people will make. You want someone with your best interest in mind to represent you and guide you through this process.

Good luck.
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0 votes 113 answers Share Flag
Thu Apr 19, 2012
Vivian Ashton answered:
Most likely something happened from the contact negotiation, financing approval if financed to the closing at the Title Company. The listing would then appear as available on this site. In the Multiple listing service the listing would show a "B" for back on the market. ... more
0 votes 14 answers Share Flag
Wed Feb 6, 2013
Victoria Kleber answered:
Despite all of the information out there these days for a buyer to become educated with, many are still "wowed" by updates. The initial viewing will tell if the buyer has future interest, and it is sometimes hard for buyers, no matter how savvy they may be, to look beyond dated kitchens and bathrooms. Can you take a middle ground and do some updates vs a complete redo? Painting is a short term "mess" vs new countertops, tile, etc. New hardware and inexpensive lighting updates to be had at many home improvement stores for your bathroom and kitchen and are a simple weekend project. Uncluttering and fresh paint make such a big difference! The other thing to look at is who is your competition? If you are truly in Squirrel Hill and your home is solid, you are in a demand area vs an area saturated with competition. If someone wants your area and you don't have many competing homes, then I would say you need to do less. Feel free to contact me off line if I can be of further assistance: vkleber@northwood.com ... more
0 votes 18 answers Share Flag
Mon Jun 29, 2015
Suzanne MacDowell answered:
When were the improvements done? Building codes are a recent development, it is possible that permits were not required when the improvements were done. If that is the case, then bring in an engineer to confirm all was done to code.

If permits WERE required, insist on getting copies of closed permits for all the improvements prior to closing. The town will still come out and make sure everything was done to code and provide a closed permit even though it's been some time since the improvements were completed. Some of the improvements you list may not require permits, but some definitely do.

I had this same situation on a closing of mine recently. The town was very cooperative and there were very few changes that had to be made. But you should have everything inspected and permits properly closed prior to closing. It's important not only for your safety, but also to protect your interests in the future when you may want to sell the house and move up to your next home. If permits are not taken care of now, then YOU will be stuck with the job of obtaining permits in the future and THAT may have a negative impact on your ability to sell the home when the time comes.
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0 votes 17 answers Share Flag
Wed Apr 2, 2014
Nick Solis answered:
Dan, there are many factors when looking to get out of a distressed property. This info really needs to be personalized for you and your family. Its important to look at your exact situation, time frames, loan type and financial details . I would hate for someone to give you bad infomation.

We are located in Brentwood and would be happy to sit with you and look into your situation in detail. We have extensive Real Estate and Mortgage experiance so we can consult your from both sides.

We have 3 programs to help take the stress out of your situation.
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0 votes 18 answers Share Flag
Tue Apr 3, 2012
Jerry Heard answered:
I am surprised that your loan officer did not pick up on this early in the process. The lenders that I work with get the credit package underwritten early in the process so all we need is the appraisal.
Get advice fro your loan officer as to what they want in the letter and write it right away so you can close.

I am never too busy for your referrals

Jerry Heard
Your Broker
The San Diego Property Shop
www.TheSanDiegoPropertyShop.com
jerry.sdps@cox.net
Direct 619-920-9796
Office 619-269-5545
Fax 619-269-9168
CA DRE # 00648687
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0 votes 11 answers Share Flag
Tue May 12, 2015
Suzanne MacDowell answered:
A cash buyer, if they want to, can close within a week or two. It's a matter of how fast can you get the title search and inspections done. The closing costs are pretty much the same but without the bank fees. Generally closing costs are between 2-4 % of the purchase price so I would imagine for a cash buyer it would come in closer to the low number there. You still need a survey, a home inspection, a title search and probably an attorney to close the deal. ... more
0 votes 7 answers Share Flag
Tue Aug 13, 2013
Walter 'Skip' Kersten answered:
Buying the home is no problem. Financing the home is more difficult. You may be able to gift her the downpayment and have her qualify for the mortgage (assuming she is employed here). You can always be added to title later. If you need to be on the loan also, it is best to get with a lender who can help you through the process.
Good luck,
... more
0 votes 10 answers Share Flag
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