About  the TILA-RESPA Integrated Disclosure or TRID

About  the TILA-RESPA Integrated Disclosure or TRID

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...
5 Terms Every Home Buyer Should Know

5 Terms Every Home Buyer Should Know

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...
What You Need to Know About Real Estate Escrow

What You Need to Know About Real Estate Escrow

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...
The Ins and Outs of the Good Funds Law

The Ins and Outs of the Good Funds Law

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...
Be Aware of LLC Identity Theft

Be Aware of LLC Identity Theft

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...
Not All Title Companies Are Created Equal

Not All Title Companies Are Created Equal

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...
Thinking About Using Zillow to Sell Your Home? Read This First.

Thinking About Using Zillow to Sell Your Home? Read This First.

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...
Three Reasons to Not Panic in 2019

Three Reasons to Not Panic in 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...
Who Pays for Title Insurance?

Who Pays for Title Insurance?

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...