There 10 rules to know about TRID! The Consumer Financial Protection Bureau (CFPB) created the TILA-RESPA Integrated Disclosure (TRID) Rule to improve mortgage disclosure forms to make it easier for consumers to understand the terms of their loans and closing costs. In order to ensure a timely closing, it is more important than ever that real estate agents communicate with their consumer, lender, and settlement
Strategies by using 1031 Exchanges Use these tax saving strategies! Using, the 1031 tax-deferred exchange is widely known and utilized by investors to defer capital gains tax when selling and buying investment property (Not familiar with 1031 Exchanges? Click here to learn about the basics of 1031 Exchanges.) To qualify under IRC Section 1031 the basic requirements to maximize your tax-deferral are: There are, however, additional tax savings
Introduction There are many common ways to hold title. Determining how to take title to your property is a major decision with legal ramifications that may impact you and/or your heirs. State law determines the methods of owning real estate. Consult your attorney or accountant to determine the best for of ownership for your specific situation. Different Ways to Hold Title Sole Ownership Community Property
Introduction Get title insurance for protection! Homeowner’s have many options to consider when determining the best possible protection to keep their homes safe and secure for their families. Often, though, people take title insurance for granted. Choosing to install smoke alarms, deadbolt locks, and home security systems is a great way to start! These are important lines of defense to ensure their peace of mind.
Table of contents Real Estate Agent Tips for a Timely Closing Legibility Contact Information Transaction Fees and Commissions Addendums Bills Paid Marital Status Powers of Attorney and Trust Documents Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) Internal Revenue Service (IRS) Mail-Away Real Estate Agent Tips for a Timely Closing Real estate agents want to provide the smoothest possible closing for their customers.