1) A closing statement form called the Closing Disclosure or CD is used for most loan applications. The lender, not the closing agent, may be preparing and delivering the CD. 2) The CD must be delivered to the buyer/consumer at least three business days prior to the scheduled closing date. 3) The closing agent must [...]
In the title business, we work with all sorts of different parties, from loan officers to real estate professionals, as well as consumers. All too often, there is confusion among these individuals about what a title commitment is as well as how to read one. It is and has been important for them to understand [...]
We’re excited to present the latest in our series on the Melrose Title Company blog “Ask An Attorney.” This is a way for us to answer some of the more commonly asked questions and provide clarity and understanding for consumers. In this edition of “Ask An Attorney,” our own attorney Jessee Bundy addresses how divorce [...]
We’re excited to present the latest in our series on the Melrose Title Company blog “Ask An Attorney.” This is a way for us to answer some of the more commonly asked questions and provide clarity and understanding for consumers. In this edition of “Ask An Attorney,” our own attorney Jessee Bundy addresses issues that [...]
Did you know there's something called the Residential Closing Funds Distribution Act of 2005 (a.k.a. the "Good Funds" Law)? The Residential Closing Funds Distribution Act of 2005 ("the Act") ensures that checks disbursed at the closing table are backed by good funds at the time of issuance and will not be dishonored when presented to [...]
We're excited to present this new series on the Melrose Title Company blog "Ask An Attorney." This is a way for us to answer some of the more commonly asked questions and provide clarity and understanding for consumers. In this edition of "Ask An Attorney," our own attorney Jessee Bundy answers the question of whether [...]