Here is a link to a great video regarding the “know before you owe” 3 day mortgage disclosure rules that went into effect Oct. 3rd. These new rules should protect Buyers from getting last minute surprises at the closing table. The HUD1 settlement statement will now be drawn by the lender 3 full days before the closing is to occur. Closing will be on the 4th day. Therefore is they were to mail it out, the lender would need to send it out a week in advance. I wonder? Will the title company charge less because of this? Seems logical… Continue reading