What is TRID Law?

• TILA-RESPA Integrated Disclosure rule
• Know Before You Owe
• So that people know what they are signing up for when getting a loan.
• The main change to investors, agents, buyers, sellers that you will see is that the Old school settlement statement will be changed to a closing disclosure.
• The title company no longer creates the statement, now the lender does.

The Biggest Flaw in the System is also “The Silver Lining” for Investors!

• There is an average closing time of 2 months on the government website. So if everything doesn’t go as planned, it could be even longer.
• You can show them the Government timeline of two months
• There will be delays for any seller so you might be able to get a better deal as a creative investor