Changes to the Third Party Financing Addendum, 1-17-2019

This week Dawn addresses the recent approved changes to the Third Party Financing Addendum and what you and your lender need to know before these changes become mandatory March 1st.

Gina
9 months agoJanuary 17, 2019
04:12:95
Thank you Dawn for the update! You are awesome, thank you for providing these videos!
D Smith
9 months agoJanuary 17, 2019
At 2.26 you say that the lender must provide documentation no later than 30 days before closing. In other places you say it is 3 days before closing (which I assume is accurate). It was very difficult to find information about the form changes - so this video is VERY appreciated!
Dawn Moore
9 months agoJanuary 18, 2019
Sorry that "30" was a mistake.  It is 3 days.
Thanks for catching and thanks for watching!
Karen Sefcik
9 months agoJanuary 17, 2019
Thanks Dawn, can I share your video with my lenders please?
Dawn Moore
9 months agoJanuary 18, 2019
Yes.
Tod Franklin
9 months agoJanuary 17, 2019
04:19:06
Great update. Thanks. The noose tightens a little bit.
Holly Thompson
9 months agoJanuary 17, 2019
Thank you Dawn! You are always bringing us valuable information. I like this new three day rule. Just had a great closing in your office on Monday. Easy breezy.
Ane Casady
9 months agoJanuary 17, 2019
04:19:11
How fortunate all of us as Realtors to have you as the greatest source of information
and Allegiance Title being on top of things. Thank you with blessings.
Dawn Moore
9 months agoJanuary 21, 2019
Thank you for your kind words.
Pagtricia Manos
9 months agoJanuary 18, 2019
Dawn,
Can the buyer and seller negotiate the 3 days as to get the lender to order the appraisal quicker. Can they both agree to say 10 days before closing?
Dawn Moore
9 months agoJanuary 21, 2019
Yes.  The parties can negotiate.  But remember if the lender fails to get it done, the buyer could be in default.
Patrick Kernan
9 months agoJanuary 18, 2019
Good info.  Thanks.
Mike Brownstead
9 months agoJanuary 24, 2019
As always, great info-thank you Dawn!
Anna Finkenbinder
9 months agoFebruary 4, 2019
Thank you Dawn!
Jane Clark
8 months agoFebruary 6, 2019
Excellent information Dawn!   Thank you for clarifying the new form.
Lou Burns
8 months agoFebruary 15, 2019
Good stuff, as always
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