by Gary Pickren | Nov 13, 2015 | Legal Tips
Blair Cato has done several closings under the new TRID. We have already seen several TRID closings delayed because the lender did not have all of the information needed to complete and deliver the Closing Disclosure Statement in the timeframe required by the CFPB....
by Gary Pickren | Nov 6, 2015 | Legal Tips
For loan applications taken after October 3, the lender is required to submit a Closing Disclosure to the borrower. Page 4 of the Closing Disclosure requires the real estate broker(s)’ license information. Therefore, you can expect to receive a request from the...
by Gary Pickren | Oct 30, 2015 | Legal Tips
This week I was performing a closing where a very minor issue arose at the closing table concerning a repair issue. It was evident that neither the buyer nor seller were concerned about the issue and were willing and ready to move forward. The real estate agents...
by Gary Pickren | Oct 23, 2015 | Legal Tips
Many of you may already have noticed increased security in closing attorney offices. This is a direct result of the changes due to TRID and Best Practices. Lenders are now deemed liable for any compromise of confidential client information. Closing attorneys have...
by Gary Pickren | Oct 16, 2015 | Legal Tips
As I am sure you are aware, the closing of loans originated after October 3 will require the lender to provide the borrower a Closing Disclosure Statement at least 3 business days before closing (consummation). The lender may utilize the closing attorney to either...
by Gary Pickren | Oct 16, 2015 | Legal Tips
Before I get to this week’s tip, I hope that everyone is safe and that those who did suffer a loss are recovering. I am extremely proud of our local real estate industry for the amount of support and help they have shown our fellow South Carolinians. We are an...
