Date Archives: October 2015

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October
29

The Ross Farm or Hill-Ross Farm is located in Northampton, Massachusetts and sits on 2.25 acres of land. This Colonial style home constructed in 1825 has a unique heritage and is listed on the National Register of Historic Places. A property once owned by notable individuals in the abolitionist movement who aided fugitives seeking shelter through the Underground Railroad and was also headquarters to the Northampton Association of Education and Industry, which benefited the movement by providing a school, store and housing in the expanding silk industry. Most of the association members were dedicated abolitionists and operated under beliefs of equality.

The rare farmhouse retains many of its original features including the pine board flooring and plaster walls with architectural details in the Federal and Colonial styles. Complete with four bedrooms, three fireplaces, a two-bedroom addition or in-law quarters and three barns. An additional sturdy house was built on the property in the 1950s with four bedrooms and privacy from the main home.

Situated near the Mill River amongst the serene setting of Northampton it is easy to feel the remarkable history of the land. Northampton offers a lifestyle rich in culture, arts, academics and business, surrounded by natural beauty from the Connecticut River to the vast views of the nearby mountains. This vibrant New England town is two hours from Boston and three hours from New York City making it a perfect location.For more details and photos of this historic antique, visit the listing page for complete details.

 

Listed by Dave Marques of our Northampton office. 

The Blog post is from our affiliate, Luxury Portfolio of Leading Real Estate Companies of the World®.

 

October
23

"In November 2013, the Consumer Financial Protection Bureau (CFPB) integrated the Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA) disclosures and regulations. Any transaction involving a mortgage will use new CFPB disclosure forms. The new TRID rules and forms took effect on October 3, 2015." According to NAR-Read more from the National Association of REALTORS. 

 

Simply put, the National Consumer Finance Protection Bureau, a product of the Dodd Frank Bill, has instituted their most recent phase of regulations. All of these changes were a result of the 2008 recession.  This last phase places more responsibility on banks (or lenders) for the accuracy of the figures they provide buyers at the time of application.  If they make any adjustments, they must disclose the new amounts to the buyer and wait at least three days before scheduling another closing date. Lenders have been diligently putting together their policies. 

 

We are being told by most lenders that closings should not be scheduled out less than 60 days. Some of our lenders have stated that final closing numbers will have to be to lenders 2 weeks before the actual closing date to be verified and mailed to the buyers.  Your Jones Group REALTOR® has received extensive training in all of these policy changes, and will communicate with lenders and attorneys throughout the transaction to ensure a smooth closing process.

 

Attorneys will understand their new role as will your REALTOR®.  Your Jones Group REALTOR® is working to understand the regulations throughout this transitional process. We understand your agent's communication with the lender and attorneys will be paramount to a smooth transition for you. 

 

Your Jones Group REALTOR® will guide you through the process of selling or purchasing your Western Mass Real Estate property with the upmost integrity and professionalism.  

 

Legendary Service, Every Client Every Time.