Easy Soft Committed To Updating Software For Real Estate Closings That Fall Outside New Rule

Certain transactions will not be governed by TRID. Easy Soft plans to continue to support these types of transactions with updated software as needed.

NORTH BRUNSWICK, NJ, USA, October 2, 2015 /EINPresswire.com/ -- Easy Soft has released an update to their Easy HUD real estate closing software ahead of the looming October 3, 2015 TRID (TILA-RESPA Integrated Disclosures) implementation date. The update, HUD 5.1.6 is available for immediate download on the Easy Soft website at www.easysoft-usa.com and is free to current subscribers.

The update comes at a time when the real estate industry is in an uproar over the TRID changes. That uproar has caused some facts to be overlooked. Namely, that the TRID rules do not apply to all types of real estate transactions. There is a misconception among settlement agents that software like Easy HUD and the old HUD forms, like the HUD-1 and HUD-1A settlement statements, will no longer be needed. This is untrue. Settlement attorneys will still need to use the old forms in some types of transactions, specifically:

• Home equity revolving lines of credit
• Reverse mortgages
• Mortgages secured by a mobile home
• No-interest second mortgages

"TRID is getting all the press, but we haven't forgotten that there are situations where the new rules won't apply. Settlement agents will still need software to help them process these transactions and that is where Easy HUD comes in. Easy Soft will continue to offer Easy HUD and will continue to release updates to the software so that subscribers have all the tools they need to process every type of real estate transaction," explained Chris Stock, CEO of Easy Soft Legal Software (www.easysoft-usa.com).

To learn more about Easy Soft and the Easy HUD visit www.easysoft-usa.com.

About Easy Soft: A leading legal software provider for over 30 years, Easy Soft offers specialized software (available in desktop and cloud version) for real estate closings, family law and divorce settlements. Thousands of attorneys and legal professionals nationwide use Easy Soft products to increase their office productivity. For more information and a free trial, visit www.EasySoft-usa.com.

Press release courtesy of Online PR Media: http://bit.ly/1P9OdcI

Vedran Solaja
Easy Soft, Inc.
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