Skip to main content

EZ Dec Goes Live - here goes nothing.


The concept of exchanging a deed & keys for money still remains the same, but the steps to the crazy tribal dance we perform while helping buyers buy and sellers sell keep changing.

Whereas closings ten years ago could best be thought of as graceful arm in arm waltzes and minuets, todays closings are more akin to post-modern amalgams of sudden thrusts, breaks, pops, and martial arts-flavored acrobatics.

The dance just keeps on changing and anyone who's lawyer is not prepared to embrace these changes is going face a heck of a time trying to get their closings done.

The new year has already delivered a massive revision of the settlement statements we all use at closings; reformatting of the Good Faith Estimates of closing costs our clients rely on as they shop for mortgage financing; and a "good funds" law that restricts the way buyers (and sellers) must deliver monies to the closing table.

Now, a change in the way we file local, county, and state property transfer tax declarations. After a couple of false starts, it looks like the EZ Dec web-based system has finally gone live. More EZ Dec details in my October, 2009 blog post, here.

As near as I can tell, none of the local title companies are mandating it's use, but are alllowing early-adapters to start using it.

Let me know if you need a dance partner who knows the tune, and how to lead. I can help.

Comments

Popular posts from this blog

The Equifax data breach and you — 6 steps to take now

Identity thieves hit a major credit reporting agency—hard. Millions of consumers’ confidential identity information has been compromised.

Equifax, one of the big three credit reporting agencies announced that a massive security breach took place earlier this year. Offenders accessed data sets of 143 million US consumers.

What to do when drones fly near your home

Imagine a quiet evening on the deck of your new home when—out of nowhere—a noisy drone begins hovering around your property, almost certainly snapping photos or video. It’s like Space Invaders meets Gladys Kravitz. So what do you do?

Help! My Neighbor’s Old Tree is Growing Over my Roof

Let’s say about 100 years ago, a family planted an oak tree on the edge of their property. Over generations it’s grown into a magnificent tree that provides summer shade, autumn color and a swing for the neighborhood kids. You probably even liked the tree when you bought the house next door to it.

But today, its root system is invading your basement, its acorns bombard your yard and its huge limbs loom threateningly over your roof. By law, can you cut it down? Trim it? Turn it into a boat?