closing delays: Big changes that will impact your settlements - 06/02/15 05:44 AM
Big changes are on the way that will impact real estate agents, lenders, buyers and sellers alike. Come August 1, the HUD-1 is out and the Closing Disclosure form (CDF) is in.   
 
A new form inevitably means new procedures and deadlines to observe, which is why we've put together this list of things we think are most important to know about the new regulations. 
 
1.  The lender – not the settlement agent – will in most cases be preparing and delivering the CDF, which will be used for most loan applications taken for new mortgages after August 1, 2015.
 
2. The CDF must … (1 comments)

closing delays: Help us make settlements easier; send comments today! - 11/06/12 12:00 AM
We're about to see some big changes regarding the delivery of HUD-1 Settlement Statements and Truth-in-Lending Disclosures, which could result in added cost and closing delays for homebuyers, if the Consumer Financial Protection Bureau's new rules go into effect as proposed.
The CFPB rule would merge the HUD-1 and TILA forms, which together total five pages, into a single five-page document known as a Closing Disclosure form. One of the options under the proposed rule would require lenders to prepare and deliver the Closing Disclosure to consumers instead of settlement companies.
Allowing this rule to go into effect will likely wind … (0 comments)

closing delays: 2 escrow issues for sellers when closing near property tax due date - 09/19/12 01:13 AM
Whenever a real estate settlement is close to a property tax due date, the potential for a post closing property tax issue increases.  Simply, it is a matter of bad timing. Here are a couple escrow issues that can cause problems for home sellers who are planning to close near a property tax due date.
Taxes are double-paid  Let’s take Montgomery County, Maryland for example.  Real estate property taxes are due by September 30 and December 31 (assuming a principal residence).Now let’s say that you have scheduled a closing for the sale of your home on September 20.  Your current lender is … (2 comments)

 
Todd Ewing (Federal Title & Escrow Company)

Todd Ewing

Washington, DC

More about me…

Federal Title & Escrow Company

Address: 5335 Wisconsin Ave, NW , Suite 700, Washington, DC, 20015

Office: (202) 362-1500

Fax: (202) 362-5901

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