The Consumer Federal Protection Bureau rule changes will consolidate and improve loan and closing forms for homebuyers. (Photo credit: Fidelity National Title Group)
In just a few short months, the "Know Before You Owe" rules by the Consumer Federal Protection Bureau are going to dramatically change the way Americans buy and sell homes. Although consumers can look forward to a greater understanding of the loan terms and closing documents, lenders, Realtors, attorneys and title professionals will need to be prepared to follow the new guidelines and educate their clients. Because Taylor Johnson client Proper Title, LLC is on the front line of these changes, and has been hosting educational sessions for industry professionals over the past several months, we knew they'd be the perfect source to break down what these changes really mean. Read more in MarketWatch, Crain's Chicago Business, and Chicago Agent Magazine to learn about the new requirements, and how closings may be significantly delayed.