New HUD1 Closing Regulations - What every Investor MUST KNOW

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Amanda W. Florek, Esq.

Liberty Title

The Dodd-Frank Wall Street Reform and Consumer Protection Act has handed down many new changes, and now the changes to the HUD-1 and closing process is upon us. One of our REIA sponsors, Amanda Tiernam, from Liberty Title Services, LLC in Boston will be joining us to explain what it all means and the ways that it changes business for us.

The HUD-1 settlement statement and Good Faith Estimate forms are going away on August 1. The Truth in Lending Act disclosure is going away as well. In their place will be a new closing disclosure and a new loan estimate. There will be changes to the closing process as well, including a new rule requiring everything to be in place three days prior to closing. And last-minute changes face new hurdles. Learn about the changes in this walk-through

Join us for our September General Meeting to learn the ins and outs of these changes and take time to meet Amanda to see what he can do to support your business as you move forward! We will take time to talk about the proper ways to ASSIGN a contract, double close a wholesale, and use or offer private money as it relates to closing and title.

There will be a Q&A Session following the presentation!

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The Boston Real Estate Investors Association is open to real estate investors of all experience levels who want to meet and continuously learn from other investors and real estate professionals. Each meeting features knowledgeable speakers to guide members through new and relevant topics relating to the many aspects of Real Estate Investment. Past events have covered Why invest in Real Estate?, Foreclosures, Self-directed IRA's, 1031 Exchanges, and Creative Tax Strategies.

It's an opportunity to network with others who share similar goals & needs, to learn about unique & hot properties, to find ways of obtaining & utilizing different sources of capital, and so much more!