Eric CruzStarting October 3, 2015, the TILA-RESPA Integrated Disclosure rule (“TRID”), a new set of rules promulgated by the Consumer Financial Protection Bureau (“CFPB”), will go into effect. TRID will drastically change the way that most residential real estate transactions are handled by lenders and closing agents throughout the United States.
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Eric CruzWhen purchasing a home together with a spouse, business partner, friend, or other family member, a common decision that must be made at the time of purchase is which individuals or entities will hold legal title to the property. Generally, the person or persons borrowing the funds to purchase the property ends up with legal title to the property.
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Eric CruzThe government program Making Home Affordable, which has assisted over one million U.S. homeowners, was originally scheduled to lapse at the end of 2013. However, the U.S. Treasury announced on May 30 that it is extending the program for two more years. Accordingly, the program is now scheduled to continue until at least December 31,
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