saratoga springs ny: New government regulations may impact your closing dates.. as if it weren't hard enough
- 01/25/10 05:06 AM
RESPA (Real Estate Settlement Procedures Act) ..waht you need to know to keep your buyer informed 1. If homebuyers are is financing the property, these new regulatory and investor guidelines will impact-and could even dictate-the closing date, to meet the required time frames. 2. Upfront fees cannot be collected by the lender (except for a credit report fee) until the initial disclosures are received. If the disclosures are overnighted, they are considered "received" the next business day-(excluding Saturdays) allowing the fees to be collected on the following business day. 3. The homebuyer MUST be given a copy of his or her appraisal a minimumof … (0 comments)
RESPA (Real Estate Settlement Procedures Act) ..waht you need to know to keep your buyer informed
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