Underwriting for Cash Transactions

While digital closings in real estate have seen a drastic increase in recent years, wire transfers aren’t always a buyer’s preferred method. According to a June 2023 Redfin report, over one-third of homes in the U.S. were purchased in all cash. With mortgage rates reaching their highest level in more than a decade, buyers have opted for this approach. It is still imperative to process these transactions with the same protocols. Here are some helpful underwriting tips related to cash transactions:

It is crucial to essential to continue following the proper protocols, even with all cash real estate transactions. If you are a Stewart Trusted Provider, feel free to contact your Stewart underwriting counsel with questions.

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