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BUYER’S GUIDE TO REAL ESTATE CLOSINGS, KEY POLICIES, AND INSTRUCTIONS
Haga click aquí para leer la guía de compradores en español.
List of Required Corporate Seller Documents for Closing
Haga clic aquí para leer la Lista de documentos corporativos del vendedor requeridos para el cierre
When the Seller in a tran...
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Do Creditors Have To Approve TRID Loans In 3 Days?
If your loan is approved, on the terms you requested the creditor is required to provide a Loan Estimate within 3 business days.
If they determine that your application will not or cannot be approved they do not have to provide a Loan Estimate.
Likewise, if yo...
Can Creditors Collect Information Beyond The 6 Required Pieces?
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 informa...
What 6 Pieces of Information Make A TRID Loan Application?
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...
What Disclosures Are Used For Loans Not Covered By 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-...
FOLIO Title is Voted as Miami-Dade County’s Favorite Title Company!- The Short Sale Process in Florida
- Entendiendo FinCEN
- When Does the “Closing” officially occur? When should the Seller provide possession of the Property to the Buyer?
- ¿Cuándo se produce oficialmente el “cierre”? ¿Cuándo debe el vendedor entregar la posesión del inmueble al comprador?
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