Compliance
What do sellers and buyers need to know about closing day?
Closing day is the final stage of a property sale, officially transferring ownership from the seller to the buyer. Here are some important things that both sellers and buyers of real estate need to know about the closing day: For Sellers: Prepare for the final walkthrough: The buyer will typically conduct a final walkthrough of…
Read MoreA Few Tips to Prevent Being Hacked During a Real Estate Transaction
How to keep real estate transactions safe from hacking. Despite advances in technology and steps taken by corporations, significant data breaches seem to be an everyday occurrence. Since a real estate transaction is such a huge financial opportunity for hackers, they’re always on the lookout for weaknesses in your transaction security. Although law enforcement has…
Read MoreHow does the Truth In Lending Act affect consumers?
Congress passed legislation that outlines requirements to protect mortgagors from destructive loaning practices in 1968. This legal mandate is named the Truth in Lending Act (TILA). Besides, TILA protects individuals from dishonest financial providers who want to take advantage of the consumer. A Deep Dive into Truth in Lending Act The Office of Comptroller of…
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