To improve the service for consumers buying homes, here is some insightful news regarding changes to the closing settlement forms. Sounds like the scheduling of closings, which is typically 30 days out from the accepted offer date, may have to be pushed to 45 days out. From Realtor Magazine: “In case you missed it, as of August 1, the HUD-1 settlement statement and Good Faith Estimate forms are going away, as is the Truth in Lending Act disclosure.” This short video explains what you need to know about the changes to the closing process:

Home Buyers – Upcoming Changes in Closing Process