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James Sinclair
  • Austin, TX
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South Austin, TX meeting of "Coffee Talk"

James Sinclair
  • Austin, TX
Posted Mar 7 2016, 07:30

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THE NEW HUD

The closing process is an adventure in dealing with a stack paper and the next document needing to be signed. The government has decided that the process needs changes and has introduced new forms as part of the change. The HUD-1 settlement statement and Good Faith Estimate forms are going away. The Truth in Lending Act disclosure is going away as well. In their place will be a new closing disclosure and a new loan estimate. There will be changes to the closing process as well, including a new rule requiring everything to be in place three days prior to closing. Learning about these changes will the subject of our February meeting of "Coffee Talk". Marisue Mullins, who is a broker, and Jennifer Pederson, a commercial title officer at Chicago Title, have agreed to be our speakers. This is a chance to get a "heads up" on the new changes before we set down at the closing table.

The March meeting of “Coffee Talk” will be March 9, 2016, at 10:00 am. in Lynn's conference room. Lynn's office is at 1107 S. 8th. St., Austin, TX, 78704. See you in the conference room.

Many thanks to Lynn for hosting our meeting.