Blog :: 09-2015

TRID Rules Expected to Delay Closings? New Law as of October 3, 2015

There's a new law in town, effective October 3, 2015. Welcome to TRID (TILA RESPA Integrated Disclosure)! The new law will create a rippling effect across the industry, buyers and sellers included. Like every other big change, it's designed for the protection of the consumer. We spent the morning with Attorney Rick Carter and Ron Peck & Victoria Davis of Salem Five Bank, getting the facts. The new rules are a bit complicated so make sure you're working with a professional REALTOR® who has taken the time to educate themselves on the entire process and what will be required.

  

 

Here's What it Costs for a Family of Four to Live in Ipswich, MA

The Economic Policy Institute released its 2015 family budget calculator which measures the income a family needs for a modest living. Ipswich falls under the "Boston/Cambridge/Quincy, MA Metro Area". In fact, most North Shore towns seem to fall under this category. Five kids? No kids? Single adult? Live in Lynn, Manchester by the Sea, Winthrop, Marblehead? Here's the calculator, PLAY

Comments

  1. Martin DeLorean on

    I think the amount for taxes is a little light. That implies a house assessed at about $315K or so. Family of 4 is probably going to need a larger home.