Much of the focus of TRID has been on how it’s going to change the real estate game from a business standpoint. But what do your buyers and sellers need to know about the final rule for TRID?
The folks over at Urban Turf, one of DC’s most popular real estate blogs, called us yesterday and asked us to weigh in on the question.
In a nutshell, your buyers and sellers should be prepared to set aside more time for closings, especially in the beginning as the industry gets acclimated. Your buyers and sellers also need to bear in mind how sensitive the closing timeline is and be prompt when asked to provide information about their transaction.
Please take a moment to view the article and share it with your clients. Hopefully it will make the transition, which begins this weekend, a little easier for everyone.
Related Articles
Federal Title Featured by Redfin
We’re excited to share that Federal Title & Escrow Company was recently featured in a Redfin article discussing one …
Fear Not! You Did NOT Just Sell Your House for $10!
Virginia deeds often say something like the following: “That for and in consideration of TEN DOLLARS ($10.00), cash in h…
NVAR Contract – What Day is It?!
Our attorney team recently received two great questions about the Northern Virginia Association of Realtors (NVAR) Contr…
Ready to Get Started?
Get a guaranteed quote from Federal Title — attorney-led, consumer driven since 1996.