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Tag Archive
Recognize changes in new GFE and HUD-1
REALTORS® should now be working with the new Good Faith Estimate (GFE) and HUD-1 forms and they need to understand the changes to the two forms and how those changes can impact their buyers and them. »
Do commission rebates violate RESPA?
Hotline callers often want to know if it's legal to rebate or refund part of their commission to their clients. It is legal, provided the licensee is rebating or refunding commission to her own client and the rebate or refund is listed on the HUD-1. »
Podcast: Understanding changes to the GFE and HUD-1 Forms
On January 1, 2010, all residential real estate practitioners can expect to see a new Good Faith Estimate and a new HUD-1 Settlement Statement. Brett Woodburn, PAR’s legal counsel with Caldwell and Kearns has the latest in this podcast. »
Settlement, but no keys or deed?
Members are telling me that now more than ever before, settlements are being conducted by out-of-town title companies. There are also more banks and lending institutions selling residential real estate than ever before. This combination has led to some unusual settlements. »
