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February 2017

January 2017

December 2016

Top 10 Things Real Estate Agents Should Know About TILA-RESPA Integrated Disclosures (TRID)

By |2019-06-11T18:58:13+00:00December 7th, 2016|Uncategorized|

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 [...]

November 2016

How to Read Title Commitments

By |2019-06-11T18:58:13+00:00November 1st, 2016|For Buyers and Sellers, Home Closing, Real Estate, Realtors, Settlement Statement|

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 [...]

October 2016

Going Through the Big D (And Don’t Mean Dallas): How Divorce Affects Real Property

By |2019-06-11T18:58:13+00:00October 4th, 2016|For Buyers and Sellers, Power of Attorney, Real Estate, Realtors|

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 [...]

September 2016

August 2016

Buying and Selling Real Property Held in an Estate – Part I

By |2019-06-11T18:58:13+00:00August 5th, 2016|Estate, For Buyers and Sellers, Home Closing, Power of Attorney, Real Estate|

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 [...]

June 2016

What is the Good Funds Law and Why Should You Care?

By |2019-06-11T18:58:13+00:00June 29th, 2016|For Buyers and Sellers, Home Closing, Real Estate, Realtors|

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 [...]