Chapter 21 Part 1 Closing the Transaction

RESPA
Truth in Lending Act
Introduction to prorations and the closing statement

[awesomegirls]

Travis you’re I’ve failed my exam 3 times! And literally lost hope till I found you in a real estate prep group!

[jasminerouse]

Travis I cant be more thankful for you. Thank you for helping me understand this material. God Bless You

[terryfontaine]

Hi Travis! Accountant here. I look at the closing statement as an income statement. You credit revenue (money someone is getting) and debit expenses (payments someone is having to make). Thanks for laying out the proration of the property taxes. My analytical brain loves it!

[EmpressVibes]

this is the video I THANK YOU Travis so much!!!

[virtuallycyndee]

Last video yall....
What a great learned so much...

[jakekight]

1:21:39 seconds had me rolling. “That’s the point of circling it”. 😂😂😂 Travis you made up for having to take this online. God bless you for putting your lectures up like this!

[ethanchris]

This lesson literally just saved me from a lender trying to talk me into putting an inducement outside of the contract...

[sandrakraus]

Will you have an online class version of this chapter with your lovely slides. Really you have clarified many questions I have had, your freehold diagram tree is the best!

[darkstars]

On 59:30 you mentioned the tax bill hasn't came out. But doesn't the tax bill come out on the 1st of September? And the closing takes place on Sept 4?

[camdenferguson]

If I believe as a broker that asbestos is in the house, how should I go about this? Advise them to get it tested??