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Will the timing changes impact when my real estate transaction can close?

WestTexasTRID_news

Consummation is the day the borrower becomes legally obligated under the loan, which would be the date of signing, even if the loan has a rescission period. It is important to note the definition of consummation can be different than the closing date as defined in the purchase agreement where the buyer becomes contractually obligated to a seller on a real estate transaction.

The tool will assist you in determining the earliest consummation date. Access Tool >>


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The door is always open in warm Midland, Texas. This scenic southwest city is conveniently located on Interstate 20 and its namesake derives simply because it is halfway between Fort Worth and El Paso. Home to the Big Ben National Park, its splendid isolation brings a national significance to Texas, as it is the largest protected area of Chihuahuan Desert topography and ecology in the United States. Once a prosperous railroad town, the Midland metropolitan area now has a thriving population of over 100,000 largely due to the oil boom. The Permian Basin, of which is in the geographic center of Midland, is said to contain 16% or more of the nation's oil reserves. The "Tall City" brings together anything one would want in a modern city without the inconvenience of traffic congestion and also headquarters to West Texas Abstract, one of Fidelity National Financial’s most dynamic title brands and real estate teams. West Texas Abstract serves the residential and commercial real estate industry, with both direct operations and agency support. Our office is strategically located in Midland.

Our team of professionals works in all facets of the real estate industry, providing best-in-class real estate services to buyers and sellers in the area, as well as the Real Estate Professionals, lenders, builders and attorneys that work alongside them. In addition to our commitment to the residents of Texas, we provide commercial services to investors who help keep our economy strong.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the Newsdesk.


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