by Jeff Sorg | Sep 21, 2015 | Real Estate
The answer is NO for just about everybody. By Jeff Sorg, OnlineEd Blog PORTLAND, Ore. (September 21, 2015) – Download our free informational poster for display or handout in your real estate office. Three things can require a 3-day delay in your closings: .PDF...
by Jeff Sorg | Jul 23, 2015 | Mortgage, Real Estate
Special Information Booklet (Part 5 of 5) (Jeff Sorg, OnlineEd) – A creditor must provide the special information booklet, specifically the RESPA Settlement Costs Booklet, to the consumer who applies for a consumer credit transaction secured by real property no...
by Jeff Sorg | Jul 22, 2015 | Mortgage, Real Estate
Curing Tolerances (Part 4 of 5) (Jeff Sorg, OnlineEd) – On the Loan Estimate, certain charges are not subject to a tolerance limitation. This means that the amount charged the consumer may exceed the amount disclosed on the Loan Estimate by any amount. Examples...
by Jeff Sorg | Jul 21, 2015 | Mortgage, Real Estate
(Jeff Sorg, OnlineEd) – The Consumer Financial Protection Bureau has issued a final rule moving the effective date of the Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures, or TRID, to October 3, 2015. The final rule...
by Jeff Sorg | Jul 21, 2015 | Mortgage, Real Estate
The New Closing Disclosure Form (Part 3 of 5) (Jeff Sorg, OnlineEd) – The Closing Disclosure integrates and replaces the final Truth-in-Lending disclosures and the RESPA HUD-1. In general, the Closing Disclosure sets forth the actual terms and costs of the...