For the first time in more than 30 years, the U.S. Department of Housing and Urban Development has issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD will require, for the first time ever, that lenders and mortgage brokers provide consumers with a standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs. HUD estimates its new regulation will save consumers nearly $700 at the closing table.
Middlesex County, North District and South District, Registries of Deeds are accepting the electronic filing of documents. That means settlement and escrow agents may file real estate documents with the Registry of Deeds remotely by scanning the documents and submitting them through a third party vendor.
Our office is fully equipped to take advantage of this service and we have recorded several documents and transactions electronically with both district registries. If you have a real estate transaction in either county we can assist you with the convenience of electronic filing.
