CFPB Proposes Two-Month Extension of Know Before You Owe Mortgage Rule

Proposal Open for Public Comment Until July 7th WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a proposed amendment to the Know Before You Owe mortgage disclosure rule, which proposes to move the rule’s effective date to October 3, 2015. The rule, also called the TILA-RESPA Integrated Disclosure rule, requires easier-to-use mortgage … More CFPB Proposes Two-Month Extension of Know Before You Owe Mortgage Rule

What happens when the seller won’t make repairs?

Via Texas Association of Realtors: Q: I made an offer on a home, and an inspector found several things that need to be repaired that weren’t listed on the seller’s disclosure. The seller refuses to make the repairs. Doesn’t he have to? A: No. A professional inspection will often reveal items in need of repair … More What happens when the seller won’t make repairs?