Countdown to TRID - More Changes for the Lending Industry and Real Estate Business

Some important changes affecting the real estate industry, consumers, and the mortgage industry in particular will go into effect for loan applications dated August 1, 2015 and beyond.  It is called TRID and stands for TILA RESPA INTEGRATED DISCLOSURES. This major regulatory change will mandate industry-wide changes to disclosures and closing documents.  

The forms impacted by TRID include combining the GFE and TIL into one disclosure called the Loan Estimate (“LE”), and combining the final TIL and HUD into one disclosure called the Closing Disclosure (“CD”). However #TRID is more than simply new forms.  Check out the video seen at Sacramento based Scott Papapietro, www.bigvalleymortgage.com.

https://apmortgage.webex.com/apmortgage/ldr.php?RCID=793481a7c71b770423746c1172b6d082

Open House tomorrow 3/7 from 1PM - 5PM - New Blossom Valley Listing

#open#house#real#estate#Blossom#Valley#San#Jose

We will hold this beauty open coming Saturday, March 7, 1 - 5PM.

Come and visit us in this warm and inviting ranch on 367 Avenida Manzanos in the family friendly Blossom Valley Neighborhood w/ easy access to freeways.

Among other great features, there is custom woodwork throughout the house, a fireplace, a spacious backyard with grass to play on for the kiddos and a sparkling pool to relax after a hard day's work.

Listed for under $ 619,000. It won't last so don't miss our open house.

Active military, Veterans, I am a certified Military Relocation Specialist and trained to assist active military and veterans. Let's find your next home! From every transaction I donate to Dreampower Horsemanship to help veterans suffering from p.t.s.d. to get free therapy.

And you all know, where there is Special Agent Silvia holding open, there is always homemade cake!

Questions? Do call me at 408.706.0671. I would love to assist you purchasing your new home.

 

This Month In Real Estate: March 2015 - SCC South County Edition

South County, you had exactly the same number of homes sold like same time last year which means you did better than Santa Clara County as a whole which was down 12% year over year. Home prices are up year over year and month over month. The low interest rates continue to be attractive for anybody looking to buy. Do you? If yes, you know what to do. Together we will make it happen!

Oh, btw. don't forget to spring forward next weekend!

Your's truly, always working hard right in your neighborhood.