All Posts Tagged With: "RESPA"
How To Read The HUD-1
Starting January 1st, 2010, all real estate transactions will be settled using a new HUD-1. The HUD-1 is a standardized form which allows real estate buyers and sellers to clearly understand the costs of their transaction.
The original HUD-1 was developed as a by-product of the Real Estate Settlement and Procedures Act of 1974 — or, [...]
What Happens If My Mortgage Is Sold?
Millions of loans are outstanding, including a large number sold each year from one lender to another. If it happens that your loan is among those sold, worry not — Uncle Sam makes the process safe and protects your interests.
Your mortgage may be a debt to you, but in the world of mortgage financing [...]
Can I review my closing papers before settlement?
Yes. Under the federal Real Estate Settlement and Procedures Act (RESPA) closing papers must be available to you upon request 24 hours before closing.
The best approach is to have your attorney or broker make a formal, written request to the closing agent well in advance of closing.
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27Aug2008 | Peter G. Miller | 0 comments | Continued
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