For years, the Consumer Financial Protection Bureau worked to integrate the mortgage loan disclosures required by the Truth in Lending Act, or TILA, and the Real Estate Settlement Procedures Act of 1974, or RESPA. The bureau's work, done under the TILA-RESPA Integrated Disclosure Rule, or TRID, resulted in new requirements that went into effect last October.
Q: In January, my rented condominium flooded from the water heater upstairs. Luckily I was home, so the damage was minimal. The technician recommended that it be replaced, and I relayed this info to the owner. He doesn't intend to replace it, even though the association board recommended in writing that all owners replace water heaters due to their age. If it does leak and flood again, who is responsible for the damage and is the owner required to pay for a hotel while everything is being repaired?
CHICAGO - After graduating from college in 2014, Dean Pearce, 24, weighed why he should or shouldn't continue to live with his parents. His conclusion: "The 'pro' is: You're never alone. The 'con' is: You're never alone."
Q: We are renting a house. About 60 days before the end of the lease, the property management company told us that the landlord decided to sell. This came as a shock because the last we chatted with the landlord, he was trying to confirm that we intended to renew the lease. This has not given us enough time to save for the extra startup expenses of a new lease. The real estate agent keeps contacting me to show the property, which is a major hassle. Is there anything we can do to be left alone until we have to get out of here?
When a borrower is weighing whether or not to take out a home equity conversion mortgage - the reverse mortgage offered through the Federal Housing Administration - there are three key decisions to consider.
Homebuilder Lennar has completed its purchase of the 613-acre Tree Tops property near Indian Land SC – a former camp for disadvantaged children – where it plans to build a gated “active adult” community of up to 850 homes, centered on a 10-acre lake and miles of trails.
The Rock Hill City Council will consider Monday selling less than an acre at the corner of East Main Street and Dave Lyle Boulevard to the partnership of Lat Purser of Charlotte and The Tuttle Co. of Rock Hill. The two are building the apartments at the former Woolworth store site, also on Main Street.
Regional real estate agents say the inventory of homes for sale makes for a sellers’ market, where buyers need to act quickly if they find the home they want. Home values, a reason some are reluctant to sell, have recovered, equaling or exceeding what they were worth before the recession hit regionally in 2008.