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[+] Eclipse - Jason Knowles/AL (6 replies)
4/2/2014 11:56:02 AM (2027 views)

Looking for new Title Plant Software - James Dodson/TX
4/1/2014 5:28:34 PM (1588 views)

[+] You can't make this stuff up - Leigh Attridge/MA (5 replies)
3/31/2014 10:43:11 PM (2040 views)

[+] SOT Marketplace Being Overun By Foreign Spammers & Hi-Jackers - David Bloys/TX (9 replies)
3/31/2014 12:06:56 PM (1868 views)

E&O Insurance Alert! - Ben Matthews/MD
3/28/2014 1:57:35 AM (3472 views)


Real Title Services


How To Show Fees on Closing Disclosure When Buyer and Seller Split a Closing Cost. - Ben Matthews/MD
3/28/2014 1:55:45 AM (1446 views)

From an ALTA member:

When a seller is paying a portion of a tolerance-related settlement charge, how are the seller and buyer’s obligations shown on the Closing Disclosure Form?

Example: The Loan Estimate for Title – Settlement Agent Fee in the Services You Can Shop For section C is $502. The consumer selects a provider who is on the creditor’s list and the final charge is $500. The purchase contract assigns one-half of the charge to each party.

When the buyer and seller agree to split a closing cost in the sales contract, the settlement agent/attorney would split the fee between the buyer's and seller’s columns on page two of the Closing Disclosure.

The detailed breakdown of closing costs are shown on page two of the new Closing Disclosure. This form includes separate columns for costs that will be paid by the buyer, seller or other third party at or before closing.

The person filling out the Closing Disclosure can assign all or part of any one closing cost among those columns. In the instance where the buyer and seller will equally split the settlement agent's fee, the person filling out the Closing Disclosure would list half the fee in the buyers column and half in the sellers column.

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Golden Abstract Services - Ryan Thorpe/NY
3/27/2014 2:17:18 PM (2061 views)

[+] ALTA: Title Insurance Premium Volume Rose 11.5% in 2013 - Ben Matthews/MD (1 reply)
3/26/2014 3:54:06 PM (1752 views)

[+] New PA Lien Law Causes Confusion Among Realtors, Lenders - Ben Matthews/MD (2 replies)
3/26/2014 3:49:02 PM (1743 views)

Check your E&O Insurance - Ben Matthews/MD
3/26/2014 3:47:36 PM (10810 views)

[+] Abstractors, pls do not do any work for ANDERSON Abstract/ Alex Smith, he's a non-payer!!!! - Dou - Douglas Taylor/TN (1 reply)
3/26/2014 3:38:15 PM (1559 views)

attn Abstractors, pls do not do any work for Golden Abstract/ Alex Smith, he's a non-payer!!!! - Dou - Douglas Taylor/TN
3/26/2014 3:35:00 PM (1833 views)

Glaski v. Bank of America - Dan Zook/NY
3/25/2014 12:53:24 PM (12048 views)

[+] I Suffer From ADTED… - Scott Perry/PA (2 replies)
3/25/2014 6:32:31 AM (1858 views)

Robert Jones Abstracting is a no pay - John Baker/OH
3/24/2014 4:29:13 PM (1484 views)


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