In an effort to keep our clients and followers informed about the latest updates in the real estate industry, we would like to share with you some new information given to us by Brandon Taitano of West Coast Escrow that may mean the end of 30 day closings.
Effective October 3, 2015, closing timeframes may be affected by the following due to new TRID Guidelines:
- Walk-throughs – potential credits that may arise
- Appraisals – stringent standards
- Credits and requests for reduced/waived fees at the last minute
- Changing the Title Insurance Underwriter
- Loan and appraisal contingency dates
Prompt communication to the lender and escrow is essential in preventing delays.
HOW THE CD MAY AFFECT YOUR FUTURE TIMELINE
Please let us know if you have any further questions, or you can reach out to Brandon Taitano directly.
Brandon Taitano is an Escrow Officer with West Coast Escrow and works with many real estate agents in the San Diego region. If you or anyone you know needs escrow service, call Brandon at 619-248-9813 or message him on LinkedIn.He is also one of our preferred service providers on Janet’s List app which you can download for iPhone or Android.