north carolina closing: ARE YOU READY FOR THE 2010 HUD-1??? Do you realize that there are sweeping changes which go into effect in 23 days?? --
- 12/13/09 01:39 PM
DID YOU KNOW THAT AS OF JAN 1, 2010: 1. You cannot itemize seller paid closing costs on page 2? 2. That a home builder will no longer be able to offer incentilves if a buyer uses their title/settlement company, or lender. 3. That all settlement costs will be lumped into a single line item... AND MUCH MORE! I am going to offer a FREE two hour class which will discuss the New HUD-1, GFE, The Mortgage Disclosure Improvement Act of 2009, and how this will affect your practice in the future. (Trust Me, it will!!!) This will be held at … (1 comments)
north carolina closing: THE NEW HUD-1, GFE, and MDIA act of 2009
- 12/11/09 03:01 PM
I hope everyone is enjoying the holidays, and I trust you are all ready for the new changes that the government will implement in 19 days... in case you have not heard, read on... you may want some asprin, adult beverages, and a chair... its gonna be a little hairy: MDIA 2009- Mortgage Disclosure Improvement Act of 2009 In June of 09 this law went into effect. It says that a buyer/borrower must have a GFE/TIL in their possession for at least SEVEN business days before they can close. After the seventh day, they can close unless the closing package shows an … (0 comments)
north carolina closing: THE VIDEO CLOSING IS HERE!** (In North Carolina)
- 02/09/09 11:05 AM
SO WHAT DID YOU DO DURING THE SLOW MONTHS OF OCTOBER-NOVEMBER??? We were slow, but we were working hard on perfecting our technology to allow us perform a closing virtually anywhere in the world, where the borrower has access to a computer. In the State of North Carolina, the laws allow attorneys to perform closings via telephone or through the mail. Unfortunately this method results in improperly executed documents and unanswered questions. We are happy to announce that now we can do a "remote" closing where the attorney (me) can sit right at the table via computer, answer questions, point things … (0 comments)
THE OPINIONS IN THIS BLOG ARE NOT TO BE CONSTRUED A SPECIFIC LEGAL ADVICE, AND MAY NOT BE RELIED UPON AS SUCH... PLEASE CONTACT ME SHOULD YOU REQUIRE SPECIFIC LEGAL OPINIONS...
DID YOU KNOW THAT AS OF JAN 1, 2010:
;)
;)
;)
