Real estate blog entries tagged with hoepa by Gretchen Faber ~ LifeStyleDenver (The Kentwood Company at Cherry Creek)

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Home : Blogs : Gretchen Faber ~ LifeStyleDenver : Gretchen Faber ~ LifeStyleDenver's Blog : Tag "hoepa"

hoepa: Mortgage Caution - Delays in Closings Will Happen! - 09/06/09 07:18 PM

A broker in my office came to me yesterday with some questions about a seller’s recourse if the loan doesn’t fund at closing.
Colorado is a “table closing” state, and our contract expressly states that the buyer must attend the closing with all moneys and documents. This means that if a closing is at 4 p.m. on a Wednesday, as this broker’s closing was, the buyer and the buyer’s lender must perform under the terms of the contract at 4 p.m.
This lender had a lackadaisical attitude, ignored the new HERA/HOEPA regulations and essentially didn’t do his job. He was told … (2 comments)

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Gretchen Faber ~ LifeStyleDenver

Denver, CO

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The Kentwood Company at Cherry Creek

Address: The Kentwood Company at Cherry Creek, 44 Cook Street #900, Denver, CO, 80206

Office Phone: (303) 336-0325

Cell Phone: (303) 810-7388

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