Speed Through Required Documents For Real Estate Closings

Real Estate Closing Attorneys and Title Closing Agents are responsible for producing a great deal of critical, required documents for real estate closings, on a very tight schedule. The smaller the practice, the more of a challenge it can be to ensure full compliance with TRID requirements, ALTA Best Practices,…

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Cutting Operation Costs That Can Affect Real Estate Transactions

As  anyone involved in the real estate industry knows, operation costs can easily get out of control, thanks to inefficiency and dealing with disparate, sometimes redundant, systems that are often based on fallible manual document preparation and poor communication. A recent study by Accenture found that the title production process…

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Easy HUD: Not Just For Government Forms

Easy HUD automates real estate practices to allow agents and other professionals to focus on sales rather than paperwork. Although you may think the software is meant to only simplify the process of completing the HUD settlement statement form, the optional Real Estate Documents module lets you also produce hundreds…

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Mismanaged Trust Accounts Can Sink Your Real Estate Business

People new to the real estate industry are often surprised to discover that the sale or purchase of property is only one small part of the overall job. There is a tremendous amount of administrative support required for each transaction, none as important as trust fund accounting. When you receive…

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Printing Settlement Forms From The Cloud

Cloud is the hot buzzword for computer software lately. Cloud-based software gives users more flexibility by not tying them to specific computers, operating systems or locations. The cloud version of Easy HUD, Easy Soft’s HUD settlement statement software, allows real estate agents and attorneys to access a client’s information and…

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Less Is More–But Sometimes More Is More Too

Government forms are designed to accommodate the most common situations and serve the needs of the greatest number of applicants but sometimes they fall short. Real estate professionals may find that the basic HUD forms don’t always cover more complicated transactions. RESPA rules address this issue by allowing filers to…

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Keep The Faith: EasyHUD Streamlines Good Faith Estimate Calculations

The U.S. Department of Housing and Urban Development (HUD) made a number of changes to the Real Estate Settlement Procedures Act (RESPA) designed to protect consumers from unreasonably high settlement charges. These changes, effective January 2009, modified the HUD-1 form in several ways, in part to streamline the comparison between…

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What Is An Alimony Buyout And Why Would You Want It?

Many divorces include an alimony agreement where one spouse makes monthly payments to an ex who is less financially well off. Instead this traditional arrangement, some couples agree to an alimony buyout. This is a type of divorce financial settlement where one spouse pays the other a lump sum rather…

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Billing Software Excuse #4: I Don’t Have Time To Learn New Software

New software can be intimidating, particularly if you aren’t that comfortable with computers in the first place. You are used to handling your practice finances in a certain way and it takes a while to get comfortable with a new tool. You may think you don’t have time to convert…

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Short Sale? Easy Soft HUD Software to the Rescue!

Options can be limited when a homeowner needs to get out from under a mortgage on a house that just won’t move. One option is the short sale, an alternative to mortgage default and foreclosure, agreed upon by both the home owner and the mortgage lender.  Any unpaid balance is…

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HUD-1 Closing Forms Plus 199 Additional Reasons to Buy Easy HUD

Paper, paper, and more paper.  We’re so glad we don’t have to produce all of the closing documents on your list.  We’ll stick with writing legal software, thank you very much. But, what we have done for the real estate bar is prepare 200 closing documents one time, so that…

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Easy Populating of Real Estate Documents – Real Estate Closing Software

Isn’t it amazing how much repetition is involved in a real estate closing?  Have you ever counted how many times you type the buyer’s name, the seller’s name, their addresses, and the address of the property being transferred? With Easy Soft “Real Estate Documents” and HUD 1 software, you can…

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Law Practice Management Webinar

April 12, 2012 – The Key to Small Law Firm Profitability – Enroll now and reserve your seat Attorneys who operate small firms know they have to wear many hats. In addition to casework, there is marketing, networking, professional meetings, client consultations, time tracking, invoice preparation and trust accounting. Do…

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Unlimited Growth Potential – Attorney Billing Software

At Easy Soft, we’re optimists.  We even program our legal software with features full of optimism. Take our legal billing software, for example.  We’ve built it to fit your firm today and the firm you might want to grow, tomorrow.  You can purchase Easy TimeBill today with a single license…

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$10 to be Done with Form 1099-S? Too Easy!

If you’re like most, you’re a creature of habit.  And, according to CNET News, “habit” means that 95% of people occasionally procrastinate. The Form 1099-S, “Proceeds from Real Estate Transactions,” is required to be filed with the IRS by the person who transacts the closing of the selling of real…

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HUD settlement statement – Enter it Once Enter it Forever

If you’re a real estate closing professional or settlement agent, then you know. From the buyer, seller, and lender, to the realtor, title insurance agent, and governmental entities: there are easily about a dozen parties involved in any given HUD-1 closing. That’s a dozen extra opportunities to receive inaccurate, outdated…

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A View from Above: Simplified GFE

If you’re a settlement agent or a real estate professional, you know the score. Make a mistake? Your closing immediately falls out of compliance. The new GFE-HUD comparison page of the HUD-1, and no matter what software you’re using: it’s a time-consuming exercise in double (and triple) vision. You’ve got…

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Revolutionary New Post-Closing Service: Lien Release Tracking Service

You’re a settlement agent, and you’ve just conducted a HUD-1 closing. We understand that your job doesn’t end the minute the funds get disbursed. For example, one of your responsibilities is to make sure that the original (or seller’s) lender releases its lien. Legally speaking, this release must be recorded…

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HUD-1 Closings: What’s the last thing you’ve got to remember?

You’ve just finished closing a deal. It went without a hitch. You prepared your HUD-1 closing statement, dotted your I’s and crossed your T’s in exactly the way that RESPA prescribes. Everyone brought the right checks, and buyer and seller left happy. Now, go back to your office and perform…

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The Latest Improvements to Easy HUD software

Easy Soft’s popular HUD software has been simplified. The newest version is Easy HUD 5.0, and it makes your life and—your practice—even easier than before. In our last post, we talked about the addition of several major features, including the creation of separate buyer and seller transactions sheets (as part…

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2010 RESPA RULES & HUD Complexity

By now, you’ve learned the nuances of the new HUD Settlement Statement, which took effect in January of 2010. While RESPA was able to hold lenders more accountable to their estimates, it also caused a plethora of unintended issues. For example, residential real estate buyers and sellers might end up…

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Mo’ Money, Mo’ Time – For Real Estate Lawyers Only

If you’re a real estate closing lawyer that takes a flat fee for services rendered, you’re well advised to search for ways to increase your efficiency. Greater efficiency translates into less time spent per case, which translates into a higher profit margin (since a lawyer’s time almost always equals his…

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RESPA & You

There’s been much ado about the new RESPA law that went into effect in early 2010. The new HUD Settlement Statements are long and convoluted. Lenders and settlement agents need to make their good faith estimates more exacting. Are the regulations too strict? Not strict enough? How are they enforced?…

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Your Little 1099-S Problem

It’s nearing the end of February. Recession aside, it was a solid year for real estate closings. Thanks to Easy Soft’s Easy HUD software, you generated your HUD settlement statements without a hitch. Your billing is up to date, your trust accounts are flawless, your revenues are strong, and you’re feeling organized and happy as a lawyer can be.

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Total Real Estate Closing Automation – A Webinar for Law Firms – Oct 19 (2:00-3:00 PM ET)

A real estate settlement is a transactional activity that follows a similar process from one closing to another. With today’s computer software tools, you can automate repetitive steps, which in turn minimizes re-working closing documents.

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New VA Loan Origination Charge Itemization – Whose Job is it?

According to the VA Circular, lenders issuing VA loans may disclose the fees. Lenders may itemize the charges in the empty 800 lines of the HUD-1 or lenders must provide a separate origination statement. The new origination statement must indicate the purpose of the charge and the amount.

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