Whether or not you are a first time home buyer or have sold and purchased real estate in the past, the terminology your agent will use to explain parts and pieces of the transaction will likely seem foreign. Sometimes, although not intentionally, your agent might use an industry phrase without explaining what it means.
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Topics: Homebuyer and Seller Education
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NOTE: This post was written before the CFPB's Integrated Mortgage Disclousre changes with TRID. The HUD-1 is now only used in very select types of transactions. Visit http://www.firstam.com/ownership/transaction-disclosures/ for information about the new dsiclosures.
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Topics: Homebuyer and Seller Education