by Jennifer Ferri | Jun 24, 2015 | TRID
Submitting these 6 pieces of information: Name Income Social Security Number Property Address Estimated Value of Property Mortgage Loan Amount sought constitutes a valid loan application under the TRID rule. You may apply and submit these in writing OR in oral...
by Jennifer Ferri | Jun 24, 2015 | TRID
Creditors must continue to use the Good Faith Estimate, Truth-In-Lending Disclosure and the HUD-1 form for reverse mortgages, HELOCs, mobile home or other non-attached dwelling loans and others NOT covered by TRID. Housing assistance loans for low- and...
by Jennifer Ferri | Jun 24, 2015 | TRID
Federal “disclosure” forms define the information that creditor businesses MUST provide to consumers applying for real estate loans. As of Oct 1, 2015 lenders must provide TWO New “TRID” disclosure forms. for the most common kinds of real estate loans First,...
by Jennifer Ferri | Nov 17, 2014 | Buying, For Sale By Owner (FSBO), Selling
After all the nuts and bolts have been completed and ironed out, it’s time to get to the closing table. For most it’s a sigh of relief that their Cape Coral or Fort Myers For Sale by Owner is actually closing. The closing If you’ve done all your homework along...
by Jennifer Ferri | Oct 28, 2014 | Buying, For Sale By Owner (FSBO), Selling
Last time we left off with the offer and negotiations. Once the deal has been made all parties can move on to doing the homework. In any Fort Myers or Cape Coral For Sale by Owner transaction all parties need to work together. So now the real work begins and there are...
