CFPB: A Survey after a Year of TRID

 

The Consumer Financial Protection Bureau (CFPB), wanted to make it easier for borrowers to understand their home-buying paperwork. They introduced a new system called “Know before you owe” in 2015. Realtors, lenders and title agents all learned about it, studied it, and implemented it. Last year was its first full year of operation, and […]

By |April 13th, 2017|home closing|Comments Off on CFPB: A Survey after a Year of TRID

What Closing Costs Should I Expect When I Sell Property?

When you sell real estate, one of your primary concerns is how much walk-away money you will receive. That is usually dependent on the price you sell for, outstanding debts or liens, and the closing costs you incur. As with the article on buyer’s closing costs, we will assume a straightforward transaction, and that […]

By |December 1st, 2016|home closing|Comments Off on What Closing Costs Should I Expect When I Sell Property?

How You Can Take Advantage of the New S&P500 Real Estate Sector

The S&P500 introduced a whole new investment sector in September – Real Estate. The Real Estate Sector used to be part of the Financials Sector, but it now stands on its own. At first sight, this may not appear to be significant for Realtors, but let us consider how you could benefit as a […]

By |October 27th, 2016|home closing|Comments Off on How You Can Take Advantage of the New S&P500 Real Estate Sector

Close at Your Home or Office – Yes, We Have a Mobile Closing Service

 

Making sure every closing happens smoothly and on time is not always as easy as it seems. Getting all parties to the closing – whether they actually sit at the closing table or not – takes skill, experience, legal authority and effective management. It also takes a conscious intention to ensure the closing happens […]

By |September 29th, 2016|buying a home, home closing, selling a home|Comments Off on Close at Your Home or Office – Yes, We Have a Mobile Closing Service

What Closing Costs Should I Expect to Pay When I Buy or Sell Property?

 

So that you have all the information you need, we will divide the answer into two sections: seller’s closing costs and buyer’s closing costs. If you are a seller, buyer or investor, these articles will help you to understand the details associated with closing costs, so you can plan ahead. If you are a […]

By |September 15th, 2016|buying a home, home closing, selling a home|Comments Off on What Closing Costs Should I Expect to Pay When I Buy or Sell Property?

Closing Costs: Five Major Expenses to Expect When Closing on a Home

 
Accomplishing your dream of becoming a homeowner is an exciting time. The idea of making a home your very own, from paint colors to remodeling, can be invigorating. It’s important to be prepared rather than getting swept up in the excitement. Aside from a down payment and monthly mortgage payments there are closing costs […]

By |July 9th, 2016|buying a home, fees, home closing|Comments Off on Closing Costs: Five Major Expenses to Expect When Closing on a Home

Ideas for Real Estate Professionals And Realtors When Their Buyers Choose a Lender

 
As real estate professionals, we all work hard for our clients. As a Realtor working with a buyer, you want them to find the right property, buy it for the right price, and to close on the agreed date. You work with the title company, the home inspector, you may prepare a file for […]

By |July 9th, 2016|buying a home, home closing, how to choose a title company, international title partners|Comments Off on Ideas for Real Estate Professionals And Realtors When Their Buyers Choose a Lender

Another Positive Sign that TRID is Working

 

In a previous article we reported that Tom Salomone, NAR’s President, said TRID is working, even though there are still some obstacles to overcome. We also told you that the CFPB will work on removing them. In his April 5th statement, Tom Salamone did say that TRID is, essentially, doing what it was designed […]

By |June 23rd, 2016|home closing, selling a home|Comments Off on Another Positive Sign that TRID is Working

An Update on the Latest TRID News

On April 5th Tom Salomone, NAR’s president, issued a statement citing an improved TRID landscape during the first six months of using the new ‘Know Before You Owe’ regulations. Just by way of a little review, the whole idea of the new regulations was to increase transparency to the consumer about home financing, to […]

By |June 16th, 2016|buying a home, home closing, selling a home|Comments Off on An Update on the Latest TRID News

TRID Informs Clients for a Smoother Closing

For the average American, buying a home is one of the most significant and life-changing investments they will ever make. It is important for the consumer to be fully informed throughout the buying process and to be knowledgeable of all the components involved with the closing costs and mortgage before they reach the closing […]

By |June 9th, 2016|buying a home, home closing|Comments Off on TRID Informs Clients for a Smoother Closing