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A background check is a process used by an organisation or person to verify that an individual is who they claim to be, and check their past record to confirm education, employment history, and other activities, and for a criminal record. The frequency, purpose, and legitimacy of background checks vary among countries, industries, and individuals.
You’re paying a lot of cash, so once your offer is accepted, pay a tiny bit more for a home inspection to verify there are no major flaws or concerns with the property. And if possible, have a ...
The Interstate Land Sales Full Disclosure Act of 1968 (ILSFDA or ILSA or "Act") was an act of Congress passed in 1968 to facilitate regulation of interstate land sales, to protect consumers from fraud and abuse in the sale or lease of land.
Working with an experienced real estate agent, and possibly a real estate attorney as well, can be crucial here. If you do need to back out of an accepted offer, be honest with the seller as soon ...
The term ‘instant’ refers to the fact that this type of business aims to provide a faster cash offer on a property than traditional real estate brokers. Valuation of the property takes place online and is an instantaneous or near-instantaneous process which makes use of machine learning and AI technologies.
A commitment, however, does not account for the appraisal contingency, which can adversely effect the strength of a mortgage offer in competitive markets. [3] Not all cash offers are alike. Most of the cash offers are coming from real estate investors.
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