by rtrtitle | Dec 9, 2019 | TRID
In addition to the required pieces: Name Income Social Security Number Property Address Estimated Property Value Mortgage Amount Sought a creditor may collect whatever additional information they deem necessary. However, as soon as you have provided the 6 required...
by rtrtitle | Dec 9, 2019 | 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 form; a...
by rtrtitle | Dec 9, 2019 | 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 moderate-income...
by rtrtitle | Dec 9, 2019 | TRID
TRID rules apply to MOST consumer credit transactions secured by real property. These include mortgages, refinancing, construction-only loans closed-end home-equity loans, and loans secured by vacant land or by 25 or more acres. The rule does NOT apply to Home Equity...
by rtrtitle | Dec 9, 2019 | 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...
by titletap | Dec 9, 2019 | Uncategorized
A Florida single-member LLC is formed just like a multi-member LLC. You file the Articles of Organization with the Division of Corporations and pay the appropriate fee. Obviously, the major difference with a single-member LLC is that there is only one member. But this...
by titletap | Dec 9, 2019 | Uncategorized
Florida House Bill 483 passed and goes in to effect Saturday. This bill is a win for the real estate consumer in that it makes the delivery of estoppel certificates a more uniform practice. The highlights you should know are as follows: 1. It caps fees that can be...
by titletap | Dec 9, 2019 | Uncategorized
Just like Subject To’s vs. Assumptions, Tax Certificates vs. Tax Deeds fall under the category of terms investors use interchangeably, but really they are two different things. To know (and remember) the difference it’s helpful to also understand the basics of...
by titletap | Dec 9, 2019 | Uncategorized
I was recently invited by the host of Real Estate Live! with Michele the “Queen of Real Estate Radio” to discuss a few topics of interest to investors. Video of the show is posted to YouTube. Check it...
by titletap | Dec 9, 2019 | Uncategorized
I recently had a conversation with a great investor from Ohio. He had hired a company based in Las Vegas to draft a trust document, and a bunch of other stuff to help him on his journey into wholesaling. He was kind enough to let me see the trust document created for...
