A new report published by the real estate portal, WeBuyHouses.com, predicts that 2018 will be a “seller’s market” for residential real estate in the United States.
Category: Real Estate
The 3-day Loophole
| May 20, 2015
The anticipation can be felt in any closing nowadays. The anticipation for the new TILA-RESPA rules to take effect, that is.
A New Era in Real Estate
| Mar 24, 2015
As a product of the Dodd-Frank Act, the Consumer Financial Protection Bureau, a federal agency responsible for consumer protection in the financial sector, was charged with proposing for public comment, rules and model disclosures that integrate the TILA (Truth in Lending Act) and RESPA (Real Estate Settlement Procedures Act) by July 21, 2012.
With many homes being “underwater” (the value of the home is lower than the mortgage amount), some homeowners have been successful in negotiating with banks to forgive a portion of their mortgage.