Oct 9, 2019
TILA-RESPA Integrated Disclosure, or TRID, is a 2015 rule from the Consumer Financial Protection Bureau (CFPB) which was designed to replace HUD-1 and Good Faith Estimate disclosures. It is a combination of two acts: the Truth in Lending Act (TILA) and the Real Estate...
Sep 10, 2019
The world of homebuying is not an easy one with all the vernacular to learn and potential landmines that one is sure to encounter. How can homebuyers make the best financial decisions for themselves if they don’t know what they’re agreeing to in the...
Aug 7, 2019
What is Real Estate Escrow? Escrow, in real estate, comes down to your house and your money being in limbo. Essentially, a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more...
Jul 11, 2019
Good funds laws are meant to ensure that money funding real estate purchases and refinancing transactions is secure for disbursement at the time of closing. This protects all parties from finding they have unfunded mortgages at closing. Good funds laws came into being...
Jun 12, 2019
Though there are many benefits to creating an LLC to manage your properties, this can open you up to LLC Identity Theft. Creating an LLC for your properties is a good way to limit your liabilities, keep your properties separate from each other, enjoy pass-through...
May 8, 2019
We’ve been in the title insurance industry for a while now (162 years and counting) and seen title companies come and go. Just because someone has an office and says they are a title company doesn’t mean you should trust them to take your client’s...
Apr 18, 2019
We get it. At closing, it’s easy to get overwhelmed with what seems like a tidal wave of mandatory fees and surcharges. It may even lead you to consider rejecting what you see as “optional” closing costs. However, if you’re thinking about...
Apr 3, 2019
Selling your home and thinking about trying to save some money by not hiring a Realtor? You might want to think again. Most of us have tried to tackle that pesky plumbing problem, car repair, or remodel only to discover we should have hired a professional. Unforeseen...
Mar 12, 2019
There are a lot of real estate pundits cultivating feelings of fear and alarm right now. Let’s face it, headlines of horror can sell newspapers (or at least get you to click on and read the article). It’s true the U.S. housing market is slowing down — January...
Feb 14, 2019
If you are purchasing a home, you should have a title insurance policy to safeguard it. Title insurance will protect you from claims against your ownership and the risk of losing the investment you’ve made in your home. Even if you completely trust the person selling...
