Friday, March 29, 2024 | The Latest Buzz for the Appraisal Industry

State-Level Licensing Law Changes; TRID-Related Process Changes

By Rob Chrisman

Posted To: Pipeline Press

What will buildable land in Las Vegas set you back? The math is pretty easy: Toll Brothers has acquired 10 acres of vacant land at a once-bankrupt Summerlin condo complex for $10.3 million. But that is just the start of expenses, right? In neighboring California, more stringent building-code requirements add roughly $47,000 to a typical 1,400-square-foot home, and building impact fees account for 20% of costs . And we want housing for first-time home buyers? In California, the percentage of home buyers who can afford to buy a median priced home stands at 29%. TRID & closing table requirements How much do closing table surprises hurt the lender? Back in the pre-TRID days, borrowers often walked into their closing with unclear expectations. While TRID has improved communications with borrowers…(read more)

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Via:: State-Level Licensing Law Changes; TRID-Related Process Changes

      

Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

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