Trust Deed: What It Is, How It Works, Example Form In real estate transactions, a trust deed transfers the legal title of a property to a third party until the borrower repays their debt to the lender. more Owner-Occupant: Who They Are and Comparison to Absentee Owner ...
RESPA Lawyer Blog — Published by New Orleans, Louisiana Real Estate Lawyer — Sterbcow Law Group LLC
The HUD-1 settlement statement is a standard form that shows all charges imposed on borrowers and sellers in connection with the settlement. The settlement agent must then provide the borrowers with a completed HUD-1 settlement statement based on information known to the agent at that time. An...
real estatemortgageshomeownershipCongress passed the Real Estate Settlement Procedures Act (RESPA) in 1974 based upon documented instances of kickbacks between settlement service providers, unearned fees, and expensive and unnecessary closing costs paid by buyers and sellers of residential real estate. It...
The Real Estate Settlement Procedures Act became operative on June 20, 1975. It originally was enforced by HUD and provided for two major areas of concern: Disclosures regarding nature and costs in the real estate settlement process by delivery of a statutory form (commonly known as the HUD-1...
The article reports on the development of the revision of the Real Estate Settlement Procedures Act in the U.S. The Department of Housing and Urban Development still have to set a final rule for the revision by the year-end. Housing and Urban Development (HUD) has proposed a four-page fo...
RESPAnews.com is the first and only online publication dedicated to covering all of the issues and news related to the Real Estate Settlement Procedures Act (RESPA).
The Congressional findings and purpose in Section 2(a) of RESPA state that “the Congress finds that significant reforms in the real estate settlement process are needed to insure that consumers throughout the Nation are provided with greater and more timely information on the natu...
The article reports on the move of the American Land Title Association (ALTA) to create a uniform set of instructions for dealing with the redesigned HUD-1 form to help settlement agents...
The article reports on the move of the American Land Title Association (ALTA) to create a uniform set of instructions for dealing with the redesigned HUD-1 form to help settlement agents deal with the Real Estate Settlement Procedures Act (RESPA).Finkelstein...