New rules for the Truth in Lending Disclosures associated with all resident real estate mortgages could dramatically impact the timeframes for closings. These changes are part of the Housing and Economic Recovery Act of 2008 and are effective beginning July 30th, 2009. Real estate agents must be aware of these changes and properly advise their buyers and sellers. This is an excellent example of the value that a skilled real estate agent can deliver for their clients. The consequences of these new rules could cost consumers hundreds or even thousand of dollars. Prudential Georgia Realty agents have received special training and are well-prepared to advise their clients in negotiating successfully in this new environment. We have prepared special contract stipulations and provide ongoing updates as additional changes are announced.
This audio podcast provides a detailed review of the new changes and some of the considerations for buyers and sellers.
Just Click on the Audio Podcast to hear the Interview with Melissa Hancock from SunTrust Mortgage
We have also attached a flyer that gives a brief summary of the new changes. If you have additional questions, please contact your Prudential Georgia Realty agent or contact us by leaving a reply at the end of this post.
Click This Link To Download The Informational Flyer
Audio Podcast Available Below
Listen to the podcast from this articleTags: Atlanta foreclosures, Atlanta homes, Atlanta new homes, Atlanta real estate, atlanta real estate agents, Prudential Georgia Realty
Great addition.
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