New Era in Real Estate Closings

For loan applications received beginning October 3, 2015, there are a new set of laws applicable to the residential real estate closing. As an attorney, you must know how to use these forms, why the new forms are required, and how to navigate through them. These changes will include the role of attorneys, real estate agent, and consumers, making sure that all transactional decisions are made well before closing, determining how the consumer wants delivery of closing disclosure, since the requirement is that the closing disclosure is delivered three business days prior to closing, and adjusting for change if additional time will be necessary if consumer does not want electronic disclosures.

This CLE will teach you the following specific items:

  1. Be able to explain the new Loan Estimate and Closing Disclosure
  2. Timing of closings are impacted by disclosure delivery rules
  3. Title fees may need to be adjusted at closing and explained
  4. Line numbers have been removed and there are now 7 fee areas
  5. Consumer will likely receive more than one Closing Disclosure
  6. Final settlement/disbursement form for seller and buyer

7 part video, duration of 01:00:11.
Production Date
State Due Date Credit Information

Roccina S. Niehaus

Roccina S. Niehaus

Roccina Niehaus focuses her practice on residential and commercial real estate law.  In her 28 years of experience in the real estate field, Roccina’s practice has included title review and underwriting, including risk assessment and curative measures; preparation and closing of residential and commercial transactions, subdivision/planned unit/condominium development, and the negotiation and preparation of all types of real estate documents. Her experience also includes representation of several local municipalities and governmental agencies in real estate acquisitions and sales. Roccina has also been retained by national underwriters to serve as an expert witness in several title insurance and escrow claims.  She is licensed to practice in Ohio and Federal courts, and is a licensed title insurance agent in Ohio and Kentucky (1985) and Indiana (2001).

Roccina is a graduate of Xavier University and the University of Cincinnati College of Law.  She has lectured extensively on the title examination, underwriting, and closing process, and related topics, before real estate attorneys and professionals, and first time homebuyers.  Roccina served on a task force organized to comment on the Consumer Financial Protection Bureau for the Ohio Land Title Association and is a member of the Education Committee of that Association.  She has presented at the University of Cincinnati Communiversity, at Salmon P. Chase College of Law, the Southwest Ohio Land Title Association, the Ohio Land Title Association, and on behalf of PESI. Roccina is active in the Cincinnati Bar Association as a presenter for the CBA Real Property Institute seminar, and Brown Bag Lecture Series.  She served eight years on the Real Property Committee as Seminar Chairperson, Secretary, Vice-Chair and Chair.  In addition, Roccina serves as an officer of and has lectured on behalf of the Joint Committee between the Cincinnati Bar Association and the Cincinnati Area Board of Realtors.

Roccina lives in Blue Ash with her husband.  They have two grown children.