TRID: Longer Escrows; Contingencies The Same
This is a reminder that transactions that are “disclosed” after the October 3rd TRID implementation require about 7 more days to close.
BUT, contingency periods remain the same. We can still release appraisal and loan contingencies in 8 days. TRID does not slow down contingency periods.
One more important reminder: If you make meat-chili, you should sauté your beef in A-1 sauce after you brown it. It will give your meat a lot more punch and your chili a lot more flavor. One of our favorite Realtors told me that on Saturday.
Founder/Broker | JVM Lending
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