David Williams and local real estate attorney Rick Twomey will be offering a class for Cary area real estate agents on the changes to RESPA (Real Estate Settlement Procedures Act) that go into effect January 1, 2010.
Specifically this class will be covering the new standardized Good Faith Estimate that all lenders will be required to provide home buyers and the new revised HUD-1 closing form.
The changes stem all the way back to round table discussions that HUD conducted in 2005 - the main objective of the changes is providing the consumer with greater clarity and transparency in the cost related to home purchases and home mortgages.
The class will be held December 16th from 10am - 12pm.
Location: Hope Community Church, 821 Buck Jones Rd Raleigh NC 27606
Cost: $20 RSVP to Claire@CaryRealEstate.com
This event is open to all area real estate agents.