Cascade Title's Escrow Corner

In This Issue

New TRID Rule Postponed to October 1st

Pineapple Lemonade

See You at the Go Fourth Festival!

Cascade Title Barometer

Click here to view the most recent copy of the Cascade Title real estate barometer.

Celebrate the
4th of July (Safely!)

The weather is beautiful, and the celebration of our nation's independence is just around the corner! Who needs a better excuse for a party? Click here for some great party ideas that will help you make the most of your 4th of July weekend!

Fireworks can be a lot of fun, but unfortunately, every year, the mishandling of fireworks leads to a marked uptick in patients in the emergency room. Click here for some important reminders on fireworks safety, and have a wonderful (and safe!) 4th of July!

Dear ,

Summer is here, the days are long, the sun is shining and the great outdoors is beckoning. We hope your summer is filled with fun and relaxation. When it's time to get back to work, be sure to stop in and see us. And don't forget to check out the article below on the changes coming in August. The experts at Cascade Title are here for you, keeping you up to date with new forms and timelines, and making sure every one of your business transactions is a success!

Sincerely,

Your Friends at Cascade Title

New TRID Rule Postponed to October 1st Things you need to know about the new rules

Some of the most-basic forms and timelines used in real estate closings are changing soon! The HUD-1 (the Settlement Statement that shows Buyers what amount to bring to closing and what net amount a Seller will receive) was last changed in 2012. Same with GFE (Good Faith Estimate) and TILA (Truth In Lending Act disclosure) given to borrowers). Now that we're finally used to the new forms, it's time to (you guessed it) change the forms again! While we're at it, just to make it complicated, let's change the timelines around, too! Click here to see the new forms. Click here to see the new closing timeline.

Currently, settlement agents (escrow) are required to provide the HUD-1, while lenders are required to provide the TILA disclosure and GFE. Starting in October, the lender is responsible for delivering the Closing Disclosure form to the consumer, but lenders may ask settlement agents to provide the Closing Disclosure, provided that the settlement agents comply with the requirements for the Closing Disclosure. The lender may either prepare the Closing Disclosure form or share responsibility for it with the settlement agent. Who does what will vary, depending on which lender is involved.

For more information on these changes, talk to the professionals at Cascade Title.

Pineapple Lemonade

Ingredients:

1 pineapple, cut up and mashed
1 lemon - juiced and 1 lemon - sliced
1 lime-juiced
3 tablespoon brown sugar
6 cups water
ice cubes to chill
*add more sugar if you like your lemonade sweeter*

Instructions:

Cut up the pineapple and mash it well in a big bowl. I used my potato masher:-)
Spoon your fruit in your pitcher, and add the rest of the ingredients.
Stir well, and serve your drink with fresh pineapple slices.

See You at the Go Fourth Festival!

You may already know that the Longview Go Fourth Festival is the largest annual family oriented festival in the greater Cowlitz County area of Southwest Washington State. But did you know that the festival, which began in the 1960's now draws in excess of 30,000 people to events culminating on the Fourth of July with a spectacular fireworks extravaganza! It also boasts an average annual growth rate of 12% over the last five years.

If that's not enough to convince you that this is the place to be this 4th of July, perhaps the sweet smell of sizzling elephant ears will tempt you, or the promise of great live music, exciting cardboard boat races, or the much anticipated lumberjack competition! Click here to visit the Go Fourth website and find out about upcoming events. We hope to see you at the festival!

1425 Maple Street, Longview, WA 98632
Phone: (360) 425-2950
Fax: (360) 425-8010
Toll Free: (877) 425-2950