What is the CFPB Addendum and Why is it Necessary? The CFPB Closing Disclosure addendum is a document that is often attached to standard form real estate purchase and sales contracts after October 1, 2015. It became necessary because the …
Hazard Insurance Delays Real Estate Closings Under New TRID Laws
Hazard Insurance may Delay Your Real Estate Closing Under the new TILA/RESPA Integrated Disclosures (“TRID”) real estate settlement practices, consumers (those taking out a mortgage to buy a home) must receive and acknowledge the Closing Disclosure, a document showing where all …
Title Search and Title Insurance When Purchasing or Refinancing Residential Real Estate
Title Search and Title Insurance in a Purchase or Refinance of Residential Real Estate Lender Requirements and Buyer Protections When you are buying residential real estate, you are paying money in exchange for title to the property. It is in …
Connecticut Attorney Title Insurance Company Raises Cost of Title Insurance for the First Time Since 1992
6% Increase In Title Insurance Premiums from CATIC First Title Insurance Premium Increase in 23 Years When you are buying a home or refinancing, you are required by the lender to purchase title search so that the ownership of the …