Release Tracking Services

HUD Software For Real Estate Attorneys

We often talk about how Easy HUD makes it easy for real estate agents to speed up closing times by up to 70%, as well as ensuring calculations are performed correctly. However Easy HUD isn’t just for agents. It’s the ideal real estate closing software for attorneys as well.

Real estate attorneys are often included in real estate transactions to generate documents such as rental agreements or purchase contracts. Agents can fill out boilerplate versions of these contracts but if the base document requires modification, then a lawyer must make the changes to ensure the new document is still legal and binding. Add the Real Estate Docs Module to our title closing software to get access to over 200 customizable real estate documents including agreements and contract clauses. Attorneys can easily add to these, creating their own contracts for easy distribution to the agents they work with.

Attorneys are often involved in the purchase negotiations. Buying property is not as simple as writing a check. A host of fees and taxes turn a simple transaction into an accounting nightmare, and yet to effectively negotiate a deal the attorney needs to be able to calculate how a given deal will affect the bottom line. With HUD settlement statement software attorneys can generate a comprehensive new offer within seconds, and if they use the cloud version they can access the software from anywhere they have an internet connection.

Attorneys provide due diligence by reviewing a final deal to be sure it is fair and legal. The HUD 1 statement is complex and even experienced real estate agents can make errors. Software simplifies the process and allows attorneys to make changes effortlessly. If the agent is also using Easy HUD then the attorney can simply load the agent’s data file for immediate review.

Easy HUD works well with our other products. For example attorneys can export the ledger from the real estate software and import it into Easy Trust to oversee all escrow account transactions. Add Easy HUD to your suite of legal practice management software to automate and simplify your real estate practice.

Posted by Rick Kabra on May 9, 2013 in Legal Software, Post Closing Service, Real Estate Closing, Release Tracking Services | Comments Off
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The Secret To Saving Money On Real Estate Settlement

As a real estate professional, you want to maximize your profits. However too many businesses focus on increasing revenue while forgetting the other half of the equation: reducing expenses. If you can reduce your costs on each transaction, you make more money with every settlement you are part of. One way to cut costs is to find better way to track a property’s mortgage lien release.

Real estate buyers tend to believe that a transaction is done once they sign the papers or once the check clears. Settlement agents know the real conclusion is when the mortgage lien attached to the property’s existing mortgage has been released. Once that happens, the buyer has free and clear title to the property.

Unfortunately the release of mortgage lien doesn’t always occur quickly. Buyers trust their real estate agents to follow up on any post-closing paperwork, and tracking the lien is one of those duties. If the lien doesn’t release quickly, the agent must waste time following up with the lenders. Your time is valuable so when you waste them then you waste money, drive up costs and cut your profits.

The problem is that tracking one mortgage lien is not an effective use of time. It doesn’t take much longer to investigate ten liens or a hundred liens than it does to research one. Wouldn’t it be better to turn that task over to a service that specializes in mortgage lien release tracking? Yes it would.

Easy Soft’s lien release tracking service does the work for you. We keep an eye on any liens attached to a property and let you know as soon as the release of mortgage lien occurs. What’s even better is that this service costs you nothing. Yes, we said nothing. How can we make money if we don’t charge anything? Actually we do charge $35 per lien, but that is a cost you pass through to your client.

How to you use the service? It’s pretty complicated so follow closely: you open EasyHUD, pull up the client’s HUD-1 form and click a button. Phew–done. Okay maybe it’s slightly more complicated that than, but not much. Most of the information will be pulled from the client file so you just have to fill in a couple of additional fields, but that’s about all there is to it.

Find out more about how we can help you run your real estate practice more efficiently by automating processes. EasyHUD and our other legal software programs are designed to address the needs of legal and real estate professionals quickly, simply and affordably.

Posted by Rick Kabra on October 26, 2012 in Post Closing Service, Real Estate Closing, Release Tracking Services | Comments Off
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Lien Release Tracking Made Easy

What if we told you for a flat fee of $35 per lien, you could hire Easy Soft as a service to manage your lien release tracking?

As a closing attorney, you have a duty to track each lien against a property for which you handle the closing to ensure that the lien is released.  If you’re not using Easy Soft’s HUD software with enrollment in our lien release tracking service, you’re missing an opportunity to simplify the successful completion of your responsibilities as a closing attorney.

The purchase of our HUD software license is $179.50.  For no additional cost, you can then enroll in our lien release tracking service.  To place a discharge tracking request, you make one click and most of the data required has already been input for your closing documents.  You simply review the form as the legal software has filled it in and add any additional information.

Each property for which you order the lien release tracking service costs $35 per lien.  This one-time expense per lien can be expensed by you to the lender.  And our HUD software includes an invoice, including the charge, to send to the seller in a sale or the borrower in a refinance.

Our Easy Soft lien release tracking service will keep you continually updated.  You simply go into the HUD software and click on “get order status” to monitor updates.  Once the lien payoff is recorded at the public clerk’s office, our HUD software will send you a link to the lien payoff document.  You simply click on the link, download documents like the satisfaction of mortgage lien release, print the document, and send a copy to your client.

As we know from our clients, post closing, it is all too easy to lose track of whether liens against title have been released.  If you’re running a busy real estate practice, the logistics of manual tracking is clumsy and time-consuming.  Worse, you may not realize that there is an unreleased lien until your former client is refinancing or selling the property and you receive a grievance letter in the mail.

If you’re a closing attorney, don’t leave a cloud on title that could become a cloud over your own head.  For $35/lien that you can expense to your client, use Easy Soft’s HUD software and enroll in our lien release tracking service.

(Weeding the onion grass in your spring garden not included.)

Posted by Rick Kabra on April 19, 2012 in Release Tracking Services | Comments Off
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