Archive for the Federal Law Category

IRS and Homebuyer Tax Credit: obtaining a”signed” Final Settlement Statement

Tim on 02 17, 2010 | 3 Comments

This is tax time. Sometimes escrow offices wonder if we are CPA firms during tax time.   Our office has received numerous phone calls from clients that are in need of their "signed" Final Settlem

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Predatory Short Sale Negotiators

Jillayne Schlicke on 02 5, 2010 | 30 Comments

I received a call the other day from a consumer who was in the process of purchasing a short sale home.  The homeowner has defaulted on her mortgage and the trustee sale auction has been postponed a

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Loan Originators: Stop Your Crying…Let’s Love the Good Faith Estimate

Rhonda Porter on 02 4, 2010 | 15 Comments

Loan Originators: Stop Your Crying...Let's Love the Good Faith Estimate

Okay, I admit...I've been groaning, sniveling and bitching along with many other mortgage originators about HUD's 2010 Good Faith Estimate.   The document has it's faults and was created pretty much

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Will Banks Cash In on the New Good Faith Estimate

Rhonda Porter on 12 15, 2009 | 6 Comments

Will Banks Cash In on the New Good Faith Estimate

The new Good Faith Estimate will be required to be used on all new loan applications effective January 1, 2010.   Part of HUD's GFE may include a service provider list which consists of title and e

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