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Andrew Duncan , Tampa's #1 Realtor and Expert, talks to Arnie and David Diaz of Waterstone Mortgage and Joellyn Robles of Hillsborough Title about the new TRID guidelines and how it impacts the closing process. There are some helpful information for both consumers and agents alike to help them be prepared and make sure there are no delays in closing.
Some of the things discussed is that first, the lender will not be able to start the process of ordering the appraisal unless you sign the document Attempt to Proceed. Arnie suggests to get inspections done right about the time you sign the contract or even before if you know you're going to buy the home because it's going to delay the process. Second is that the seller needs to agree to give disclosures by email (e-conscent) which might be an obstacle for the non-tech savy crowd. Third is that the lender need to approve the title company because the lender is taking all the risks in the transaction.
To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.