Happy New Year! Back to work...

Two more home sale closings bring me into January 2010! Happy New Year to the Westchester County Real Estate Community. Real estate is busy despite the media reports - although it continues to be a challenging market with HUD changes commensurate January 1 - essentially HUD is requiring more timely and effective disclosures related to mortgage settlement costs. The changes are designed to protect consumers from unnecessarily high settlement costs and to make it easier for consumers to compare loans. All lenders are now required to use a new standardized Good Faith Estimate Form for all loan applications.